Latest News: Business
Samsung Engineering signs Kuwait Clean Fuels Project
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.com) entered Kuwait with the KNPC Clean Fuels Project (CFP) worth $3.8 billion and signed the contract at the official signing ceremony with Kuwait National Petroleum Co. (KNPC). The signing ceremony was attended by…
Maag Automatik Plastics Machinery wins major contract
Maag Automatik (Oberglatt, Switzerland; www.maag.com), a Dover Corp. Member (www.psgdover.com), is proud to announce that M&G Finanziaria (Italy) has chosen the German manufacturer to supply the equipment needed for a complete polyethylene terephthalate (PET) pelletizing plant. Not only will Automatik…
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…
Solvay agrees to sell Benvic PVC business
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement to sell its polyvinyl chloride (PVC) compound business Benvic Europe to U.S. investment company OpenGate Capital. Benvic Europe mixes PVC and additives, pigments and stabilizers to make innovative plastic compounds, which…
Clariant expands production, opens mining solutions laboratory in Morocco
Clariant AG (Muttenz, Switzerland; www.clariant.com) has announced a significant investment to expand its plant in Casablanca, Morocco and increase its global footprint with the production of polymers and chemical blends for the African and Middle East mining industry. This…
Lanxess inaugurates new plastics plant in Brazil
Lanxess AG (Cologne, Germany; www.lanxess.com) inaugurated its new high-tech plastics plant in Porto Feliz, Brazil. The specialty chemicals company has invested around EUR 20 million in the facility, which will initially have a capacity of 20,000 metric tons per year…
Stamicarbon signs contract for urea melt/granulation plant in Bismark
Stamicarbon B.V. (Sittard, the Netherlands; www.stamicarbon.com), the Licensing and IP Center of Maire Tecnimont Group. (www.mairetecnimont.com), has signed a license agreement with Dakota Gasification Co. for the construction of a brownfield urea melt, granulation and DEF plant in Beulah, N.D.…
Borealis invests in capacity expansion for crosslinked polymers
Borealis AG (Vienna, Austria; www.borealisgroup.com) is investing in a capacity increase for the crosslinked polymer XLPE at its Stenungsund plant, serving the wire and cable industries. This investment, which increases overall capacity by 20,000 metric tons per year (m.t./yr), is…
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.…