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Business News: September 2024

Plant Watch Sika more than doubles capacity at its largest manufacturing plant in Indonesia August 13, 2024 — Sika AG (Baar, Switzerland; www.sika.com) has more than doubled the production capacity at the Bekasi plant, its largest manufacturing facility in Indonesia.…

Executive Interview: Covestro LLC

In this exclusive interview, Samir Hifri, Covestro's chairman and president, offers his perspective on the goals, challenges and accomplishments of the company, as well as the challenges faced by the chemical process industries Samir Hifri joined Bayer, the predecessor to…

Asian and North American industrial valve markets increase, German industry group says

The industrial valves industry can look back on a successful first half of 2024, exceeding expectations. Despite a decline in domestic [German] sales, overall growth of 5% in nominal terms was achieved as a result of a strong expansion of…

LanzaTech announces a new project for SAF technology platform

LanzaTech Global Inc. (Chicago, Ill.; www.lanzatech.com), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, and materials, and LanzaJet, Inc., a leading sustainable fuels technology company and fuels producer, recently announced a new project with Australia’s Wagner Sustainable…

Neste expands chemical recycling logistics infrastructure at its Porvoo refinery

Neste (Espoo, Finland; www.neste.com) is expanding its logistics infrastructure for liquefied recycled raw materials at its refinery in Porvoo, Finland, including materials such as liquefied waste plastic and liquefied rubber tires. This lays the foundation to handling larger amounts of…

Panasonic Energy licenses GEMX platform for cathode active material in Li-ion batteries

  CAMX Power LLC (Lexington, Mass.; www.camxpower.com) and Panasonic Energy Co., Ltd. (www.panosonic.com/global/energy), a Panasonic Group Company, announced today that Panasonic Energy has taken a license from CAMX to the latest GEMX® platform of cathode active material for lithium-ion batteries.…

Bookshelf September 2024: Recently published books for the CPI

The following titles are recently published books that may be relevant for professionals in the chemical process industries (CPI):    Fundamentals and Practice in Statistical Thermodynamics. By Jianzhong Wu and John Prausnitz. Wiley and Sons Publishing, 2024, 768 pages, $149.95. Rare…

Chemical producer activity improves in Q2, according to ACC’s Economic Sentiment Index

U.S. chemical manufacturers report their company’s activity level overall (for example, sales, production and output) continued to improve in the second quarter (Q2) of 2024, according to latest findings from the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Chemical Manufacturing…

2024 CEPCI updates: June (prelim.) and May (final)

The preliminary value for the CE Plant Cost Index (CEPCI) for June 2024 (most recent available) decreased slightly compared to the previous month’s value. Since the beginning of the year, the value has been hovering around 800. The small decline…

Clariant deoxygenation catalyst selected for green ammonia project in China

Clariant AG (Muttenz, Switzerland; www.clariant.com), a sustainability-focused specialty chemical company, today announced that a deoxygenation catalyst from its EnviCat Green series was selected for a major green ammonia project in China. The catalyst will be used to remove trace oxygen…