Latest News: Business
Chevron Phillips licenses metallocene-based PE process technology to Repsol
Chevron Phillips Chemical Co. (The Woodlands, Tex.; www.cpchem.com) and the chemicals division of Repsol S.A. (Madrid, Spain; www.repsol.com) have announced that Repsol has entered into an agreement to license Chevron Phillips Chemical’s proprietary technology for production of metallocene-based polyethylene (PE)…
BASF TOTAL Petrochemicals announces startup of tenth furnace at Texas steam cracker
The joint venture BASF TOTAL Petrochemicals LLC (Port Arthur, Texas; www.basf.us and www.totalpetrochemicals) today announced the startup of a tenth furnace at its steam cracker facility in Port Arthur, Texas. The additional furnace improves feedstock flexibility, enhances plant reliability and…
U.S. chemical production expanded in February, ACC says
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) grew 0.3% in February. Following flat growth in January due to harsh winter weather, February’s CPRI showed growth in six out of…
Oxea begins basic engineering work on new units in Bay City
Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com) has started basic engineering for a 2-ethylhexanol (2-EH) and a propanol unit at its world-scale production plant in Bay City, Tex. Both units are scheduled to come onstream in late 2016. Key elements of the…
Air Products to deliver gas-supply systems to Samsung
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has announced it has been awarded a major contract by Samsung Electronics Co. to supply complete bulk specialty-gas and chemical delivery systems in support of its fab in Xi’an, Shaanxi Province, western China. The…
Addivant expands antioxidant capacity in Saudi Arabia
Addivant (Middlebury, Conn.; www.addivant.com) has announced the completion of the first phase of capacity expansions at Gulf Stabilizers Industries (GSI), the company’s joint venture in Al Jubaïl, Saudi Arabia. Once completed, the production capacity of hindered phenolic antioxidants, ANOX 20…
Foster Wheeler acquires Siemens Environmental Systems
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that a subsidiary of its Global Power Group has signed an asset purchase agreement with Siemens Energy, Inc. to acquire the Siemens Environmental Systems and Services business that supplies and services clean…
Chiyoda and CB&I awarded liquefaction contract by Cameron
Chiyoda Corp. (Yokohama, Japan; www.chiyoda-corp.com) and CB&I (www.chicagobridge.com) have announced the joint venture between Chiyoda International Corp., a U.S.-based wholly owned subsidiary of Chiyoda, and CB&I has been awarded a contract valued at approximately $6 billion by Cameron LNG, LLC…
Lanxess divests Perlon-Monofil subsidiary
Lanxess AG (Cologne, Germany; www.lanxess.com) has divested its wholly-owned subsidiary Perlon-Monofil to the Munich-based Serafin Group for an undisclosed amount. The transaction closes with immediate effect. Perlon-Monofil GmbH is a global leader for polyamide (PA) and polyester (PET) monofilament products…
Novo Nordisk invests in new purification pilot plant in Denmark
Novo Nordisk A/S (Bagsværd, Denmark; www.novonordisk.com) is increasing its drug development capacity by investing 550 million Danish kroner ($100 million) in a new research and development facility in Bagsværd, Denmark. The purification plant will expand the company’s capacity to produce…