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Latest News: Business

Nearly $1 billion for industrial CCS

U.S. Energy Secretary Steven Chu today announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act — matched by $368 million in private funding — to demonstrate large-scale carbon capture…

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BASF increases PIB capacity

BASF S.E. (Ludwigshafen, Germany; www.basf.com) has started up a new plant for the production of low-molecular-weight, highly reactive polyisobutene (HR PIB) at its site in Ludwigshafen, Germany, thus increasing its capacity by 25,000 metric tons (m.t.) per year to 40,000 m.t./yr.…

Wholesale chemical sales were up in April, ACC report says

Sales of chemicals at the wholesale level grew by 1.4% in April to $8.9 billion, according to data from the American Chemistry Council's most recent Weekly Chemistry and Economic Trends report, out today.  The 1.4% gain, which does not include…

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UAE to become home of world’s largest CSP plant

Masdar (Abu Dhabi; www.masdar.ae) has appointed the bidding consortium of Total (Paris, France; www.total.com) and Abengoa Solar (Seville, Spain; www.abengoasolar.com) as a partner to own, build and operate Shams 1, said to be the world’s largest concentrated solar power (CSP) plant, and…

AdvantaPure expands its manufacturing operations due to high demand for single-use systems

AdvantaPure (Southhampton, Pa.; www.advantapure.com), a company that specializes in ultra-clean products for the pharmaceutical, biomedical, food, beverage, and chemical industries, has increased its production capabilities for the manufacture of single-use silicone products. The rapid adoption of single-use systems, particularly in…

Chemical Safety Board is requested to investigate BP Deepwater Horizon

The House Committee on Energy and Commerce has asked the U.S. Chemical Safety Board (CSB, Washington, D.C.; www.csb.gov) to investigate the BP Deepwater Horizon blowout. In a statement, CSB’s chairman, John Bresland, says that “It is my desire that the…

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Sener: DOE contract for CSP thermal storage system

The multinational engineering company Sener (www.sener.es) has been awarded a contract by the U.S. Dept. of Energy (DOE) for contributing to the development of the next generation of highly efficient thermal storage systems for solar thermal plants. This contract is…

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Merger: Maag Pump Systems and Automatik Plastics Machinery

Maag Pump Systems AG (Oberglatt, Switzerland; www.maag.com) is merging with Automatik Plastics Machinery GmbH (Grossostheim, Germany; www.automatikgroup.com), thereby forming a worldwide leading group for systems and components for manufacturing and processing plastics. Through the merger, Maag Pump Systems and Automatik…

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Albemarle builds kilo laboratory in Europe

Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) announced today it is building a stat-of-the-art kilo laboratory in Louvain la Neuve, Belgium. The facility will give Albemarle’s European customer base convenient access to local product development capabilities to better serve their needs.…

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Technip wins contracts for refinery units in India

Technip (Paris, France; www.technip.com) has been awarded three lump-sum turnkey contracts for Mangalore Refinery & Petrochemicals Ltd. (MRPL), worth a total value of approximately €25 million, for the Phase III Expansion Project of its refinery located in Mangalore, west coast…