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Chemical equities up strongly in October, ACC report says

The S&P index for chemical companies rose strongly in October, by 15.0%, outpacing gains in the benchmark S&P 500 Index, which rose 8.3% in October. The numbers are included in the latest Weekly Chemistry and Economic Report from the American…

Oxiteno announces a new alkoxylation unit in Texas

Oxiteno (São Paulo, Brazil; www.oxiteno.com) a leader in the production of surfactants and specialty chemicals in Latin America, owned by Ultrapar multibusiness company, announced today the expansion of its operations in the U.S. The company is constructing a new alkoxylation…

CE Bookshelf: November 2015

  Handbook of Materials Failure Analysis, with Case Studies from the Chemicals, Concrete and Power Industries. Edited by Abdel Salam Hamdy Maklouf and Mahmood Aliofkhazraei, Butterworth-Heinemann, 2015, 470 pages, $150.00. Encyclopedia of Two-Phase Heat Transfer and Flow I: Fundamentals and…

Casting a wide net for innovation

I recall from the time that I worked as a research and development (R&D) engineer, the concept of a “rainmaker” — a talented researcher who was challenged to come up with new technologies that could eventually lead to new businesses.…

Air Liquide signs longterm contract with major petroleum group in China; and more business news for the CPI

Plant Watch   BASF and Sinopec inaugurate world-scale isononanol plant in Maoming October 12, 2015 — BASF SE (Ludwigshafen, Germany; www.basf.com) and China Petroleum & Chemical Corp. (Sinopec; Beijing; www.sinopec.com) have inaugurated a world-scale isononanol (INA) plant in Maoming, China.…

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CPI Salaries Hold Steady; Workforce Solutions Expand

Conditions in the U.S. CPI continue to support high salaries for engineers and skilled technical workers, but conditions also continue to sustain ongoing workforce challenges Engineering expertise and technical know-how continue to be in high demand in the chemical process…

Global CPRI rises to end third quarter, ACC report says

The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Global Chemical Production Regional Index (Global CPRI) ended the third quarter by rising 0.3% on a three-month-moving-average basis. The Global CPRI data are discussed in the ACC’s latest Weekly Chemistry and Economic…

DuPont opens cellulosic ethanol facility in Iowa

DuPont (Wilmington, Del.; www.dupont.com) celebrated the opening of its cellulosic biofuel facility in Nevada, Iowa, with a ceremony including Iowa Gov. Terry Brandstad and many other dignitaries. This biorefinery is the world’s largest cellulosic ethanol plant, with the capacity to…

Elevance elects new CEO, Tony Parnell

Elevance Renewable Sciences, Inc. (Woodbridge, Ill.; www.elevance.com),  a  company that creates novel specialty chemicals from natural oils, has announced that its Board of Directors has appointed Tony Parnell as the company’s Chief Executive Officer. Parnell succeeds K’Lynne Johnson, who has…

Current Economic Trends

The preliminary value for the August 2015 CE Plant Cost Index (CEPCI; the most recent available) fell compared to the previous month’s value, driven by declines in the Equipment and Buildings subindices. The Construction Labor and Engineering & Supervision subindices…