Mobile Navigation

Latest News: Business

U.S. chemical sales projected to reach $1 trillion by 2018, ACC says

Revenues from sales of chemicals in the U.S. is projected to top $1 trillion by 2018, according to economic analyses conducted by the American Chemistry Council (Washington, D.C.; www.americanchemistry.com) and discussed in its Chemical Industry and Outlook report for the…

Arkema to divest coatings business in South Africa

Arkema (Colombes, France; www.arkema.com) has announced a plan to divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited to South African company, Ferro Industrial Products Proprietary Limited, specializing in the production and distribution of…

BASF to expand catalyst production in India

BASF Catalysts India Private Limited, a division of BASF SE (Ludwigshafen, Germany; www.basf.com) is expanding its mobile emissions catalysts production capacity in Chennai, India. Construction of a new 47,000 square meter facility will begin in December 2013, enhancing the company’s…

Novozymes and Monsanto to collaborate on sustainable operations

Novozymes (Copenhagen, Denmark; www.novozymes.com) and Monsanto Company (St. Louis, Mo.; www.monsanto.com) have announced a longterm strategic alliance for the research and commercialization of sustainable microbial products that will provide a new platform of solutions for growers around the world. The…

LIST wins ‘Prix SVC Nordschweiz 2013’  

LIST AG (Arisdorf Switzerland; www.list.ch) is the proud winner of the sixth edition of the Prix SVC (Swiss Venture Club) for northern Switzerland. LIST was cited for its continued commitment to innovative engineering that has resulted in groundbreaking technology, such…

Honeywell to expand U.S. refrigerant production

Honeywell (Morristown, N.J.; www.honeywell.com) has announced that investments of approximately $300 million will be made by the company and key suppliers to increase production capacity for HFO-1234yf, a new refrigerant for automobiles with a global-warming potential (GWP) of less than…

Bio-based butadiene joint development agreement between Braskem and Genomatica

Braskem America (Philadelphia, Pa.; www.braskem.com) and Genomatica (San Diego, Calif.; www.genomatica.com) announced an agreement for the joint development of a commercial process technology to make bio-based butadiene from renewable feedstocks. Braskem is the world’s leading producer of biopolymers and the…

Renmatix and Virent to collaborate on bio-based products

Renmatix, Inc. (King of Prussia, Pa.; www.renmatix.com) and Virent, Inc. (Madison, Wis.; www.virent.com) have announced a strategic collaboration to convert affordable cellulosic sugars to renewable chemicals and bio-based packaging materials. Under the terms of the multi-phase development project, Renmatix’s Plantrose…

Praxair starts up CO2 purification plant

Praxair, Inc. (Danbury, Conn.; www.praxair.com) has started up its new carbon dioxide (CO2) purification facility at the Honeywell Resins & Chemicals site in Hopewell, Va. Under a longterm agreement, Praxair will purchase CO2 from Honeywell Resins & Chemicals, one of…

Air Products forms JV to supply industrial gases in Oman

Air Products (Allentown, Pa.; www.airproducts.com) and Takamul Investment Company, a subsidiary of the Oman Oil Company, have announced that they have signed a joint venture agreement to establish an integrated industrial gases venture, which will be a provider for a…