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Latest News: Business

IFP becomes IFP New Energy

Incorporated into the recently enacted French law making a national commitment to the environment (known as the “Grenelle 2” law), IFP’s (Rueil-Malmaison, France; www.ifp.fr) change of name to IFP New Energy has now come into effect. Put forward by the…

Plast-O-Matic unveils rooftop solar power system 

Plast-O-Matic Valves Inc. (Cedar Grove, N.J.; www.plastomatic.com) today unveiled a solar power system installed on the roof of its 55,000 ft2 N.J. plant.  Begun in 2008, the $2-million, 231-kW installation came as part of a pilot initiative administered by the…

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Applied Analytics: New subsidiary in UAE

Applied Analytics, Inc. (AAI; Concord, Mass.; www.a-a-inc.com) and Aber Ahmed Equipment Est. (Sharjah, United Arab Emirates) have established Applied Analytics Middle East FZE. This new subsidiary expands and restructures AAI operations in the Gulf region, serving both as an administrative…

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Süd-Chemie invests €60 million in LFP production

Süd-Chemie AG (Munich, Germany; www.sud-chemie.com) is investing approximately EUR 60 million in the production of lithium iron phosphate (LFP), a high performance energy storage material used in batteries for electric vehicle drives and other applications. On the new site of…

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Evonik establishes independent carbon black company

Evonik Industries (Essen, Germany; www.evonik.com) is reorganizing its carbon black activities. On July 1, Evonik Carbon Black GmbH was founded as a legally independent management company under the umbrella of Evonik Industries.  Jack Clem is CEO and Rainer Wobbe will…

Chemical Safety Board renews call for hot work safety

In a recent statement,  Dr. Rafael Moure-Eraso, chairperson and CEO of the  U.S. Chemical Safety Board (CSB, Washington, D.C.; www.csb.gov) expressed that he was saddened by news of the death of a Colorado welder on July 8, while performing what…

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Fuel Tech lands air-pollution-control orders

Fuel Tech, Inc. (Warrenville, Ill.; www.ftek.com) has received a number of air-pollution-control (APC) orders valued at $6.4 million. The largest of these orders, placed by a major U.S. power producer, for reducing oxides of nitrogen (NOx) reduction projects on three coal-fired…

Global chemical production up in May, but growth slowing, ACC says

Total production by the chemical industry rose 0.2% in May, but the pace of the economic recovery is slowing, the American Chemistry Council (ACC; Arlington, Va.; www.americanchemistry.com) says in recent reports.   One recent ACC Weekly Chemistry and Economic Trends…

Honors for a novel grinding process

Wacker Chemie AG (Munich, Germany; www.wacker.com) bestowed its annual Alexander Wacker Innovation Award on Georg Pietsch and Michael Kerstan yesterday for the development of a novel grinding process for semiconductor wafers. Their innovation will allow ultra-flat silicon wafers to be manufactured…

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GEA PHE Systems receives refinery order

GEA PHE Systems (Sarstedt, Germany; www.gea-phe.com), part of the GEA Heat Exchangers Segment, received an order for a South American grassroots petroleum refinery project. The multimillion-euro order covers design and manufacturing of GEABloc welded plate heat exchangers. The new refinery…