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Latest News: Business

Sale of Ashland Water Technologies finalized, new name will be Solenis

Ashland Inc. (Covington, Ky.; www.ashland.com) finalized the sale of its water technologies business, Ashland Water Technologies. Going forward, Ashland Water Technologies will operate under the new name Solenis (Wilmington, Del.; www.solenis.com). The name change coincides with the acquisition of Ashland…

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Polyamide-6 plant commissioned for Hangzhou Hangding Nylon Tech.  

Hangzhou Hangding Nylon Tech. Co. and Uhde Inventa-Fischer GmbH (Berlin, Germany; www.uhde-inventa-fischer.com) have successfully commissioned a plant for the production of high-performance polyamide 6 for textile grade applications. The plant is located in the Economic Technical Development Area of Hangzhou…

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Borealis to divest its Biosuper business in France  

Borealis AG (Vienna, Aurstia: www.borealisgroup.com) announces the divestment of its Biosuper business in France. The Biosuper brand, a phosphate-based dryer used in animal stables, and the related production equipment will be transferred to the new owner, Eliard SPCP, during the…

Solvay to sell its Eco Services business for $890 million

Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a binding agreement to sell its sulfuric acid virgin production and regeneration business Eco Services to affiliates of CCMP Capital Advisors, LLC.   “The divestment of Eco Services is another step in Solvay’s…

Showa Denko to acquire high-purity chlorine business from Air Products

Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has decided to acquire a high-purity chlorine business in Taiwan, in order to strengthen its special-material gas business. Taiwan Showa Chemicals Manufacturing Co. (TSCM), a subsidiary of SDK, has come to a general…

Mitsubishi Rayon to acquire majority of carbon-fiber parts specialist Wethje Holding

Mitsubishi Rayon Co. (MRC; Tokyo, Japan; www.mrc.co.jp) has executed a share sales and purchase agreement by which MRC will acquire 51% of Wethje Holding GmbH, a German company engaged in manufacturing of carbon-fiber reinforced plastic (CFRP) parts for automobile applications,…

AkzoNobel and Seris to collaborate on solar cell technology

AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has partnered with the Solar Energy Research Institute of Singapore (Seris) at the National University of Singapore in order to explore less costly ways of producing high-efficiency silicon-wafer solar cells. AkzoNobel's High Purity Metalorganics (HPMO)…

ABB to collaborate with RAE on commercialization of algae-based products

ABB (Zurich, Switzerland; www.abb.com) has announced that it is collaborating with Renewable Algal Energy, LLC (RAE; Johnson City, Tenn.; www.rae-energy.com) on the commercialization of integrated algal production systems that will produce algae‐based products for the nutraceutical, animal nutrition, and renewable…

M&G subsidiary forms JV to construct new biorefinery in China

M&G Chemicals (Luxembourg; www.mg-chemicals.com) has announced that its wholly owned subsidiary M&G International S.à.r.l has entered into a  joint venture (JV) with Anhui Guozhen Co.   The JV company, called Anhui M&G Guozhen Green Refinery Co., will employ PROESA process…

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Outotec acquires the business of Kalogeo Anlagenbau  

Outotec Oyj (Espoo, Finland; www.outotec.com) has purchased the assets of Kalogeo Anlagenbau GmbH (Leobersdorf, Austria) after the company became insolvent. Kalogeo has provided solutions for biomass, sludge and wastewater treatment and designed, built and operated several mid-size thermal sludge-treatment plants…