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Latest News: Business

Praxair signs long-term helium purchase agreement

  Praxair, Inc. (Danbury, Conn.; www.praxair.com) has taken another step in enhancing its helium supply portfolio by signing a long-term agreement for the purchase of helium from Nacogdoches Oil & Gas (NOG). NOG operates a helium-bearing gas field in Apache…

Air Products receives PED certification for biogas membrane separators

  Air Products’ (Lehigh Valley, Pa.; www.airproducts.com) Prism Membranes division in St. Louis, Missouri, has received Pressure Equipment Directive (PED) certification from DNV GL Business Assurance Italia S.r.l. for its newest line of biogas membrane separators. “This certification confirms that…

Evonik purchases hydrogen peroxide producer in the Netherlands

  On September 3, 2015, Evonik Industries AG (Essen, Germany; www.evonik.com) signed a definitive agreement for acquisition of PeroxyChem Netherlands B.V. (Delfzijl) from PeroxyChem Holdings, L.P. Subject to pending approval by the cartel authorities responsible, the business with its site…

Siemens becomes a strategic automation partner for GlaxoSmithKline

  Siemens AG (Munich, Germany; www.siemens.com) and GlaxoSmithKline (GSK; Brentford, U.K.; www.gsk.com) have entered a global strategic partnership. Siemens will become a strategic partner of GSK in manufacturing automation and thus the preferred automation supplier for GSK production and R&D…

Chemical equity performance fell in August, ACC report says

The S&P index for chemical companies fell by 6.5% in August, while the broader S&P 500 index also fell 6.3%, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The August…

Grace to license Unipol polypropylene technology in South Korea

W.R. Grace & Co. (Columbia, Md.; www.grace.com) announced that it will provide its Unipol polypropylene (PP) technology and services to Hyosung Corporation of Seoul, Korea for its new facility in Ulsan, which is expected to open in 2017. Hyosung is…

Veolia acquires Dutch polypropylene recycler

Veolia (Paris, France; www.veolia.com) has signed and closed the acquisition of Dutch company AKG Kunststof Groep, a European market leader in the field of recycling and compounding of polypropylene. With this acquisition, Veolia boosts its development in the field of…

A step forward for construction of a methanol/DME plant in Trinidad and Tobago

  Mitsubishi Gas Chemical Company, Inc. (MGC), Mitsubishi Corp. (MC) and Mitsubishi Heavy Industries, Ltd. (MHI) have reached a final investment decision (FID) for the construction of a methanol and dimethyl ether (DME) plant to be constructed in Trinidad and…

Fluor awarded front-end contract for petrochemical complex in Ohio

  Fluor Corp. (Irving, Tex.; www.fluor.com) says that PTT Global Chemical Public Co. (PTTGC) has selected a Fluor-led team to perform front-end engineering and design work for its proposed petrochemical complex in Belmont County, Ohio. The team includes Fluor, Technip…

Tosoh to expand production capacity for zirconia powder at two sites

Tosoh Corp. (Tokyo; www.tosoh.com) is increasing its zirconia powder production capacity at its Nanyo and Yokkaichi Complexes by approximately 30% in response to growing global demand, particularly for dental and decorative applications. The investment for this expansion is estimated to…