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Business News: June 2022

Plant Watch Petrobras to construct new diesel hydrotreating unit at Replan refinery May 12, 2022 — Petrobras (Rio de Janeiro, Brazil; www.petrobras.com.br) announced that it signed a contract with the Toyo Setal HDT Paulínia Consortium, formed by the companies TSE…

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Why Innovation Operations are Critical

The future of the CPI depends on sound innovation. The guidance provided here will help organizations to shape an effective innovation strategy that can give them a competitive edge You would be hard-pressed to find a company in the chemical…

Lanxess and Advent to acquire Engineering Materials business from DSM

Specialty chemicals company Lanxess AG (Cologne, Germany) and Advent International (Boston, Mass.), one of the largest and most experienced global private equity investors, are establishing a joint venture (JV) for high-performance engineering polymers. The two companies today signed an agreement…

LG Chem and B&M to establish JV to produce cathode material

LG Chem Ltd. (Seoul, South Korea) today announced a joint venture (JV) with Tianjin B&M Science and Technology (B&M), a subsidiary of China’s Zhejiang Huayou Cobalt (Huayou Cobalt) that specializes in cathode materials, a key component in battery manufacturing. LG…

Clariant and Lummus awarded contract for one of the world’s largest PDH units to be built in China

Fujian Meide will be building a new, world-scale propane dehydrogenation (PDH) unit in Fuzhou, China, using CATOFIN technology. The new unit is slated to be one of the largest PDH units in the world and will produce 900,000 metric tons…

2022 CEPCI updates: March (prelim.) and Feb. (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for March 2022 (the most recent available) rose compared to the previous month. However, the final CEPCI value for February 2022 was revised downwardly from its initial value. In March,…

thyssenkrupp nucera opens new office in Perth, Australia

The electrolysis specialist thyssenkrupp nucera AG & Co. KGaA (Dortmund, Germany) has opened a new office in Perth, Australia. The new facility is planned to have full sales and project-execution capabilities and is ideally located to support the company’s growth…

Australian Strategic Metals opens plant in Korea

A new metals production plant opened in Korea today will play a key role in securing the global supply chain for critical minerals and metals products. Australian Strategic Materials Ltd’s (ASM; West Perth, Australia; asm-au.com) Korean Metals Plant is designed…

Evonik opens first zero-liquid-discharge catalyst plant in India

  Evonik Catalysts (Essen, Germany; www.evonik.com) has opened a new Zero Liquid Discharge (ZLD) plant at its facility in Dombivli, India. The new plant reduces the amount of fresh water required for production processes and turns material that was previously…

The gender gap in engineering

Each year since 2001, the Society of Women Engineers (SWE; www.swe.org) has analyzed the research addressing issues related to women in engineering professions. Last month, SWE released a retrospective analysis [1] of what has been learned over the past 20…