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Latest News: Business

Ineos Oligomers to build world-scale linear alpha-olefins unit in Texas

Ineos (Rolle, Switzerland; www.ineos.com) has announced that Ineos Oligomers made a Final Investment Decision (FID) to build a new world-scale linear alpha-olefin (LAO) unit at the Ineos site at Chocolate Bayou, Tex.  The LAO unit capacity will be 420,000 metric…

Dow Corning announces leadership changes

The Dow Chemical Company (Midland, Mich.; www.dow.com) and Dow Corning Corp. announced that Robert D. (Bob) Hansen, chairman, chief executive officer and president, has announced his intention to retire from Dow Corning Corp. upon the completion of Dow’s ownership restructure transaction with…

Total acquires industrial battery manufacturer Saft

Total S.A. (Paris; www.total.com) and Saft, a designer and manufacturer of advanced industrial batteries, announced that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in…

Anguil Environmental announces formation of new water-treatment division

Air-pollution-control company Anguil Environmental Systems, (Milwaukee, Wis.; www.anguil.com) is announcing the creation of a new water-treatment division named Anguil Aqua Systems.  The new initiative will leverage Anguil’s extensive engineering experience and process knowledge.  Anguil has spent the past three years…

Wholesale trade in chemicals expanded in March, ACC says

Wholesale trade in chemicals expanded 0.7% to $10.02 billion in March, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). “At the same time, inventories fell back 2.4% in March and,…

Asahi Glass to expand production capacity for vinyl chloride monomer in Indonesia

Asahi Glass Co., Ltd. (AGC; Tokyo; www.agc.com) has decided to further increase the production capacity of vinyl chloride monomer (VCM) at P.T. Asahimas Chemical (ASC), one of its consolidated subsidiaries in Indonesia. ASC has recently completed a facility enhancement, which…

Oxea names Salim Al Huthaili as new CEO

Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com), one of the world's leading manufacturers of Oxo chemicals, announced today the appointment of Dr. Salim Al Huthaili as the new chief executive officer of the company. With the decision of the Board of Oxea…

Reorganization of thyssenkrupp Industrial Solutions

The Industrial Solutions business area, the engineering and construction arm of the thyssenkrupp Group (Essen, Germany; www.thyssenkrupp.com), is being reorganized as part of the transformation program “planets”. The aim is to secure growth, enhance performance, focus more strongly on customers,…

Honeywell to spin off Resins and Chemicals business

Honeywell (Morristown, N.J.; www.honeywell.com) announced its intention to spin off its Resins and Chemicals business into a standalone, publicly traded company named AdvanSix Inc. Honeywell will file a Form 10 relating to the transaction with the Securities and Exchange Commission…

GreenMantra starts production of waxes based on recycled-plastic feedstocks

GreenMantra Technologies (Brantford, Ontario, Canada; www.greenmantra.ca), a rapidly growing producer of high-value waxes and specialty chemicals from recycled plastic feedstocks, announced that it has completed construction of a new manufacturing plant, significantly expanding its capacity and the availability of its…