Latest News: Business
Huntsman sells commodity surfactants business to Wilmar
Huntsman Corp. (The Woodlands, Tex.; www.huntsman.com) and Wilmar International Ltd. have announced that Wilmar’s wholly-owned subsidiary, Wilmar Europe Holdings B.V. has agreed to purchase Huntsman’s European commodity surfactants business. Completion remains subject to customary closing conditions, including regulatory procedures in…
Clariant and Ashland to sell ASK Chemicals JV to Rhône
Clariant (Muttenz, Switzerland; www.clariant.com) and Ashland Inc. (Covington, Ky.; www.ashland.com) today announced that they have entered into a definitive agreement to sell their joint venture (JV), ASK Chemicals headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London…
BASF and Sinopec inaugurate acrylic acid and SAP plants in Nanjing
BASF SE (Ludwigshafen, Germany; www.basf.com) and Sinopec Corp. (Beijing, China; www.sinopec.com) today inaugurated two new plants for acrylic acid and superabsorbent polymers (SAP) at their state-of-the-art Verbund site, BASF-YPC Co., a 50-50 joint venture (JV) in Nanjing, China. Additionally, a…
Styron plans to convert Ni-BR rubber-production line to Nd-BR
Styron (Horgen, Switzerland; www.styron.com) says that it will convert its nickel butadiene rubber (Ni-BR) production train in Schkopau, Germany, to neodymium butadiene rubber (Nd-BR). Coupled with Styron’s existing leading technology in solution styrene butadiene rubber (SSBR), the Nd-BR offering will…
Saipem awarded contract for expansion of Versalis plant
Saipem S.p.A. (Milan, Itlay, www.saipem.com) has been awarded an engineering, procurement and construction contract for the expansion of the Versalis plant in Ferrara, Italy, worth approximately €200 million. The plant produces Ethylene Propylene [Diene] Monomer (EP[D]M), a type of rubber.…
Praxair will supply oxygen to steelmaker with new ASU in Peru
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has announced the startup of a new air-separation unit (ASU) in Pisco, located in the central region of Peru. The plant’s capacity is 270 tons per day. Under a longterm contract, Praxair will increase its…
CB&I lands refining technology award in China
CB&I (The Woodlands, Tex.; ) says that its Chevron Lummus Global joint venture has been awarded a contract valued in excess of $100 million. The scope of work includes the license, engineering design package and catalyst supply for three grassroots…
Yara acquires stake in SOx scrubber technology for maritime emissions control
Yara International (Oslo, Norway; www.yara.com) will expand its emissions-control business by acquiring a majority 63% stake in Green Tech Marine (GTM), a leading sulfur oxide (SOX) scrubber supplier to the marine industry. Starting Jan. 1, 2015, SOX Emission Control Areas…
Lubrizol breaks ground for new CPVC facility in India
The Lubrizol Corporation (Wickliffe, Ohio; www.lubrizol.com) announces the groundbreaking for a new TempRite chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, India. Construction of this plant is an integral component of the company's previously announced $400 million global expansion of…
Ashland opens new center of excellence in Hyderabad
Ashland Specialty Ingredients, a commercial unit of Ashland Inc. (Covington, Ky.; www.ashland.com) held a grand opening ceremony for the opening of a new pharmaceutical center of excellence in Hyderabad, India. This is the ninth center of excellence that Ashland Specialty…