Plant Watch Evonik to expand capacity for special PA12 powder in Marl February 10, 2016 — Evonik Industries AG (Essen, Germany; www.evonik.de) plans to build a new production line for special polyamide 12 powder (PA12) in Marl, Germany. The…
The U.S. Chemical Production Regional Index (U.S. CPRI) rose in January, by 0.5%, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The gain in January follows 0.4% and 0.7% gains…
The preliminary value for the December 2015 CE Plant Cost Index (CEPCI; the most recent available) was down compared to the previous month’s data, continuing a string of declines in recent months. All subindices saw declines in December, except Engineering…
Chemical equity prices, as measured by the S&P index for chemical companies, fell by 10.4% in January, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The benchmark S&P 500 index…
Plant Watch ICA Fluor to build $1-billion petroleum-refining facility in Mexico January 11, 2016 — ICA Fluor, Fluor Corp.’s (Irving, Tex.; www.fluor.com) joint venture (JV) with Empresas ICA, S.A.B. de C.V. (www.ica.com.mx/ir), was authorized by Pemex to proceed with the…
A real-life example is provided to show how to stay on program and within budget Over the past few years, much has been written in the trade press about how to manage large, $1- billion-plus plant-construction and expansion projects in…
Market volumes for specialty chemicals decreased in December by 0.1%, following a 0.7% decline in November, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The declines were reported on a…
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Today, Novozymes (Copenhagen, Denmark; www.novozymes.com) announced it has separated its biopharma activities into an independent company called Albumedix. The new company will be fully owned by Novozymes.“Over the past nine years, our work in albumin has resulted in a series…
The preliminary value for the November 2015 CE Plant Cost Index (CEPCI; the most recent available) declined again from the previous month, driven by a relatively large decrease in the Equipment subindex and small decreases in the Buildings and Construction…