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Latest News: Business

Prices for chemicals up in January, ACC report says

Overall prices for chemicals rose 1.8% in January, according to an analysis of data from the U.S. Bureau of Labor Statistics that was included in the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) latest Weekly Chemistry and Economic Report. The…

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Siemens: Major investment in Saudi Arabia

Siemens AG (Munich, Germany; www.siemens.com) has revealed plans to establish a manufacturing and service facility in the Kingdom of Saudi Arabia. The manufacturing facility will include the local production of gas turbines and rotating equipment, a repair workshop and service…

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Outotec acquires phosphorus-recycling technology

Outotec Oyj (Espoo, Finland; www.outotec.com) has strengthened its portfolio of environmental technologies by acquiring the technologies, trademarks and patents of ASH DEC Umwelt AG (Vienna, Austria). The Austrian company has developed a process to extract recycled phosphorus fertilizer from ash,…

Clariant plans acquisition of Süd-Chemie AG

Clariant AG (Muttenz, Switzerland; www.clariant.com) is planning to acquire the  controlling majority in Süd-Chemie AG. As part of the planned transaction, still subject to clearance by competent merger control authorities, Clariant has come to agreements with the majority shareholder One…

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Nanostart invests in cleantech company MINT

Nanostart AG (Frankfurt, Germany; www.nanostart.de) has taken an investment position in Membrane Instruments and Technology Pte Ltd. (MINT; Singapore: www.mintmembranes.com). MINT, founded in 2009 as a spin-off from the country’s renowned Nanyang Technological University, is a producer of next-generation technology…

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ABB wins mining order in Chile

ABB (Zurich, Switzerland; www.abb.com) has won an order worth $47 million from Corporacion Nacional del Cobre de Chile (Codelco), the world’s biggest copper producer, to provide gearless mill drives and electrical systems to increase productivity and lower energy consumption at…

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Startup for Valero’s benzene-reduction projects

KBR (Houston; www.kbr.com) says that Valero Energy Corp. San Antonio, Tex.; www.valero.com) has started up advanced reformate splitters at three of its U.S. refineries. The three Mobile Source Air Toxic (MSAT) II Benzene Concentration Units — located at Valero's Port…

Chemical wholesale trade slips in December, ACC report says

Wholesale trade of chemicals slipped by 1.4% to $8.98 billion in December 2010, according to the latest Weekly Chemical and Economic Trends report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), which cited data from the U.S. Census Bureau.…

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Foster Wheeler: Copper processing facility in Chile

The Global Engineering and Construction Group of Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has been awarded an engineering design contract for a copper concentrator plant in Chile for the Chilean Copper Corp. (Codelco), the world’s largest copper producing company. The…

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Fike expands manufacturing facility

Fike (Blue Springs, MO; www.fike.com) announces the completion of a new Pressure Vessel Manufacturing Facility at its corporate headquarters in Blue Springs, Missouri. This new facility allows for the increased production of Fike commercial clean agent fire protection cylinders, while…