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Business & Economics

Calendar: November 2014 – February 2015

NORTH AMERICA American Chemical Soc. — Midwest Regional Meeting. American Chemical Soc. (Washington, D.C.). Phone: 800-227-5558; Web: acs.org Columbia, Mo. November 12–15   International Lubricants & Waxes Conference. AFPM (Washington, D.C.). Phone: 202-457-0480; Web: afpm.org Houston November 13–14   International…

Hexcel to build plant in France for manufacture of carbon fibers and precursors

Hexcel Corp. (Stamford, Conn.; www.hexcel.com) has announced that it will expand its carbon fiber production capacity through the addition of new precursor and carbon fiber lines in Roussillon, France. The $250-million investment will also include the associated quality control laboratories…

Velocys obtains $85 million funding for small-scale GTL projects

Velocys plc (Plain City, Ohio; www.velocys.com) has raised £52 ($85) million (excluding expenses) for its work in the area of smaller scale gas-to-liquids (GTL). The funds were raised through an oversubscribed equity placing, priced at a slight premium to the…

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Jacobs JV selected for Sellafield Framework  

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says that its joint venture (JV) with AMEC and Balfour Beatty has been selected by Sellafield Ltd. to deliver its Box Encapsulation Plant (BEP) project in West Cumbria, U.K. Sellafield officials noted that…

Mitsui Chem signs exclusive license agreement for lithium-ion-battery safety technology

Mitsui Chemicals Inc.’s (MCI; Tokyo; www.mitsuichem.com) wholly owned subsidiary Taiwan Mitsui Chemicals, Inc. has signed an exclusive license agreement with Industrial Technology Research Institute of Taiwan (ITRI), allowing it to manufacture and distribute ITRI’s STOBA (self-terminated oligomers with hyper-branched architecture)…

Capacity expansion planned for MDI at Huntsman’s Geismar facility

Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) has announced that it has commenced preliminary engineering to expand production of methylene diphenyl diisocyanate (MDI) by investment in a new, world-scale MDI plant at its Geismar, La. site.   The 400,000-metric-ton (m.t.) expansion…

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GEA acquires Scan-Vibro  

After having worked together for years across the globe, GEA Process Engineering (Søborg, Denmark; www.gep.com) announces the acquisition of Scan-Vibro A/S from Svendborg in Denmark. The acquisition is a perfect match and the plan is to further grow and develop…

Specialty chemical market volumes flat in August, ACC says

Specialty chemical market volumes were flat in the U.S. for August, after gains in June and July, according to the latest weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   Of the 28 specialty…

ExxonMobil Chemical expanding hydrocarbon fluid production in Singapore and Antwerp

ExxonMobil Chemical Co. (Houston, Tex.; www.exxonmobilchemical.com) is increasing production of its high-performance hydrocarbon fluids by about 10% through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and…

North America’s largest battery grid-storage installation commissioned by LG Chem

LG Chem (Seoul, South Korea; www.lgchem.com) has successfully delivered and commissioned the largest battery system installed in North America, a 32 MWh battery energy storage system in Tehachapi, Calif. On May 2013, Southern California Edison (SCE) selected LG Chem to…