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Latest News: Business

BASF completes acquisition of CRI/Criterion’s styrene catalysts business

BASF SE (Ludwigshafen, Germany; www.basf.com) has successfully completed its acquisition of CRI/Criterion’s global, styrene catalysts business.  As part of this agreement, BASF has acquired CRI/Criterion’s customer list, contracts and exclusive and non-exclusive licenses for intellectual property, including applicable patents and…

Chemical production is up slightly in the U.S. and abroad, ACC report says

Chemical industry production increased in November, by 0.4% globally, and by 0.6% in the U.S., according to the latest edition of the Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).  The 0.4% gain in…

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DuPont completes acquisition of MECS

DuPont (Wilmington, Del.; www.dupont.com) has completed its purchase of MECS (St. Louis, Mo.; www.mecsglobal.com) from affiliates of American Securities LLC. The previously announced transaction strengthens the DuPont clean technologies portfolio and will provide access to additional high-growth markets, particularly in…

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JGC awarded hydrotreater project in Singapore

JGC Corp. (Yokohama, Japan; www.jgc.co.jp) has been awarded a contract by ExxonMobil Asia Pacific Pte. Ltd. for the engineering, procurement, and construction of the main process facilities for a diesel hydrotreater project. This project is located at ExxonMobil's Singapore Refinery.…

EPA to set modest pace for GHG standards

The U.S. Environmental Protection Agency (EPA; Washington, D.C.; www.epa.gov) issued its plan for establishing greenhouse gas (GHG) pollution standards under the Clean Air Act in 2011. The agency looked at a number of sectors and is moving forward on GHG…

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Outotec: Aluminum project in Saudi Arabia

Outotec Oyj (Espoo, Finland; www.outotech.com) and Hatch Ltd. (Mississauga, Ont., Canada; www.hatch.ca), an unincorporated joint venture (JV), have been awarded a contract by the Ma'aden and Alcoa JV to provide an Integrated Digestion and Evaporation Facility to what will be…

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KBR Acquires Roberts and Schaefer

KBR Inc. (Houston; www.kbr.com) has acquired Roberts & Schaefer Co, (Chicago, Ill.), a subsidiary of Elgin National Industries (www.elginindustries.com) and a global leader in engineering, procurement and construction (EPC) services for bulk material handling and processing systems. The company provides…

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Principal Aker Solutions’ P&C to transfer to Jacobs

Aker Solutions (www.akersolutions.com) has entered into a share purchase agreement (SPA) whereby it has agreed to transfer operations within its Process and Construction (P&C) business area to Jacobs Engineering Group Inc. (Jacobs; (Pasadena, Calif.; www.jacobs.com), one of the world’s largest…

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SNC-Lavalin/Hatch: New smelter for Rio Tinto Alcan

SNC-Lavalin Inc. (Montreal; Canada; www.snclavalin.com) has now received the go-ahead for the implementation of the first phase of Rio Tinto Alcan’s AP60 project in Saguenay-Lac-St-Jean, Quebec. SNC-Lavalin, as a 50:50 joint venture (JV) partner with Hatch Ltd. (Mississauga, Ont., Canada;…

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EPA sets first national standard to reduce mercury emissions from gold production

The U.S. Environmental Protection Agency (EPA; Washington, D.C.; www.epa.gov) is cutting emissions from gold ore processing and production facilities with a new standard that will reduce annual mercury emissions by more than 75% from 2007 levels. This action is one…