Latest News: Business
ICL IP completing 2nd production facility for polymeric flame retardants
ICL (Tel Aviv, Israel; www.icl-group.com) says that its ICL Industrial Products segment (ICL IP) is progressing as planned with the project to increase its production capacity of FR-122P, it's polymeric flame retardant (FR) to replace the HBCD FR which is…
WorleyParsons signs global agreement with ASD Global
WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) has signed a general agreement with ASD Global for the use of OptiPlant Pipe Router and Pipe Support Optimizer for all of its projects worldwide. In order to increase engineering efficiency for pre-FEED and…
Chemtura to sell agrochemicals business for $1 billion
Chemtura Corp. (Philadelphia, Pa.; www.chemtura.com) has announced that it has entered into a definitive agreement to sell its agrochemicals business, Chemtura AgroSolutions, to Platform Specialty Products Corp., a global specialty chemicals company, for approximately $1 billion. The consideration will be…
BASF to build new world-scale plant for specialty amines in Ludwigshafen
BASF SE (Ludwigshafen, Germany; www.basf.com) is building a new world-scale plant for the production of specialty amines in Ludwigshafen. Startup of the facility with a total annual capacity of about 12,000 metric tons is scheduled for 2015. The product range…
Sibur subsidiary Polief expands PET capacity
Polief, a subsidiary of Sibur (Moscow; www.sibur.com), has completed its polyethylene terephthalate (PET) production expansion project in Blagoveshchensk, increasing its capacity from 140,000 to 210,000 metric tons per year (m.t./yr). As part of the production expansion project, Polief has…
GEA Group to sell its Heat Exchangers Segment to Triton
GEA Group (Düsseldorf, Germany; www.gea.com) announces the sale of its Heat Exchangers (HX) Segment to funds advised by Triton (Frankfurt am Main, Germany; www.triton-partners.com). The purchase agreement was signed today. The sale is based on an enterprise value of approximately…
Outotec to deliver iron-ore pelletizing technology to India
Outotec Oyj (Espoo, Finland; www.outotec.com) received an order from a customer in India for the design and delivery of an iron-ore pelletizing plant to be constructed in North-East India. The value of the order is approximately €70 million and it…
Air Products to build new hydrogen plant at Enterprise PDH facility
Air Products ((Lehigh Valley, Pa.; www.airproducts.com) has announced a longterm agreement with Enterprise Products Operating LLC, a wholly-owned subsidiary of Enterprise Products Partners L.P., that will increase hydrogen supply for refinery and petrochemical customers connected to Air Products’ vast Gulf Coast Connection…
WIKA acquires switch provider Ettore Cella
WIKA Alexander Wiegand SE & Co. KG (Klingenberg, Germany; www.wika.com)has acquired Ettore Cella S.p.A. The Italian company specializes in providing pressure and temperature switches for process instrumentation. With the integration of Cella into the group of companies, WIKA sets the…
Shintech applies for permit to build ethylene plant in Louisiana
Shin-Etsu Chemical Co. (Tokyo, Japan; www.shinetsu.co.jp) has announced that their U.S. subsidiary company Shintech Inc. has applied to the State of Louisiana Department of Environment Quality for a permit to build a new plant that will produce ethylene, which is…