Latest News: Business
Stamicarbon to provide technology to SOCAR
Stamicarbon B.V. (Sittard, The Netherlands; www.stamicarbon.com) , the Licensing and IP Center of Maire Tecnimont S.p.A, has signed contracts with Samsung Engineering for a urea synthesis plant and a urea granulation plant for The State Oil Company of Azerbaijan Republic…
Versalis and Lotte form JV for elastomers
Eni S.p.A. (Rome; www.eni.com) chemical subsidiary Versalis and Lotte Chemical (Seoul; www.english.lottechem.com) have established a 50:50 joint venture (JV) under the name Lotte Versalis Elastomers Co., Ltd. The new joint venture will be headquartered in Yeosu, South Korea, and will…
Chemtura dedicates new plant for urethanes and petroleum additives in China
Global specialty chemicals company Chemtura Corp. (Philadelphia, Pa.; www.chemtura.com) has opened its new multipurpose manufacturing facility in the Nantong Economic and Technological Development Area in Nantong, China. The state-of-the-art facility, located in Jiangsu Province 80 miles northwest of Shanghai, will…
Flotek and Tasneea form partnership to manufacture oilfield chemicals in Oman
Flotek Industries, Inc. (Houston, www.flotekind.com) and Tasneea Oil and Gas Technologies, LLC (www.tasneea-int.com), of Oman, have announced the execution of an agreement to establish an oilfield chemistry manufacturing company and a chemical research company in Oman to serve markets in…
OSHA proposes new rule to improve workplace injury and illness tracking
The U.S. Occupational Safety and Health Admin. (OSHA; www.osha.gov) has issued a proposed rule to improve workplace safety and health through improved tracking of workplace injuries and illnesses. The announcement follows the Bureau of Labor Statistics’ release of its annual…
ThyssenKrupp to strengthen electrolysis business through planned JV
ThyssenKrupp Industrial Solutions AG (Hamburgh, Germany; www.thyssenkrupp.com) has reached an agreement with De Nora (Milan, Italy) to establish a joint venture (JV). The companies intend to combine their engineering, procurement and construction activities for electrolysis plants under the name ThyssenKrupp…
Solvay to build large-scale alkoxylation facility in Texas
Solvay S.A. (Brussels, Belgium; www.solvay.com) says it will build and operate a large-scale alkoxylation unit in Pasadena, Texas, at an integrated industrial facility of LyondellBasell's Equistar Chemicals affiliate, in order to serve a growing North American market. Equistar will supply…
Sibur launches new film production facility in Tomsk
Sibur Holding’s (Moscow, www.sibur.com) subsidiary Biaxplen has launched a new production facility of biaxially oriented polypropylene (BOPP) films in Tomsk. The opening ceremony was attended by Sergey Zhvachkin, Governor of the Tomsk region, Leonid Mikhelson, Chairman of SIBUR Holding’s Board…
AEA Investors to acquire Siemens Water Technologies
AEA Investors LP (www.aeainvestors.com) has signed an agreement to acquire the municipal, industrial and services water- and wastewater-treatment operations and assets of Siemens Water Technologies (Alpharetta, Ga.; www.water.siemens.com), a part of Siemens Industry Sector, for EUR 640 million. The transaction is…
TPC Group expands polyisobutylene capacity
TPC Group (Houston; www.tpcgrp.com), a provider of C4-based products and services, announced the progress of its comprehensive expansion program to increase polyisobutylene capacity. In early 2013 TPC embarked on an expansion effort to both debottleneck existing capacity and build additional…