Latest News: Business
Solvay to acquire Chemlogics
As part of its ongoing transformation, Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement to acquire privately-held Chemlogics (Paso Robles, Calif.) for a total cash consideration of $1.345 billion. Adding the U.S.-based company to Solvay's Novecare business unit will…
Teijin – SK Chemicals JV begins constructing PPS resin plant
Teijin Ltd. (Tokyo, Japan; www.teijin.co.jp) imited announced today that it has established a joint venture with South Korean chemical producer SK Chemicals to develop and sell polyphenylene sulfide (PPS) resins and compounds in Ulsan, South Korea. Construction of a 12,000-ton/yr…
Ashland Water Technologies and Dorf Ketal enter strategic distribution partnership
Ashland Water Technologies, a commercial unit of Ashland Inc. (Covington, Ken.; www.ashland.com), and Dorf Ketal Chemicals, LLC, a specialty chemicals company serving the downstream refining and petrochemical industries, today announced they have entered a strategic distribution agreement within North America…
Airgas to acquire Encompass Gas Group
Airgas, Inc. (Radnor, Pa.; www.airgas.com), a supplier of industrial, medical, and specialty gases, and related products, today announced that it has reached a definitive agreement to acquire the assets and operations of The Encompass Gas Group, Inc., headquartered in Rockford,…
B&W begins FEED work for FutureGen 2.0 Carbon Capture Project
The Babcock & Wilcox Company (B&W; Charlotte, N.C.; www.babcock.com) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed an agreement with the FutureGen Industrial Alliance to perform full front-end engineering and design (FEED)…
Global manufacturing PMI rose in September, ACC says
The JPMorgan Global Manufacturing Purchasing Manager’s Index (PMI)rose 0.2 points to 51.8, signaling that global manufacturing saw a modest pace of expansion in September, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC;…
Syngas-to-gasoline demonstration-scale plant commissioned
Primus Green Energy (Hillsborough, N.J.; www.primusge.com) held an event yesterday to mark the official commissioning of its demonstration-scale plant for making drop-in gasoline from synthesis gas. The company’s STG-plus process generates high-octane gasoline from syngas, without the need…
JGC & Fluor awarded EPC contract for major ethylene plant in the U.S.
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) announced today that a contract has been signed between Chevron Phillips Chemical Company LP (Chevron Phillips Chemical) and JGC and Fluor Corp. (Irving, Tex.; www.fluor.com) to provide engineering, procurement, and construction services for the company's…
Technip and Zachry awarded polyethylene project in the U.S.
Technip (Paris, France; www.technip.com) and Zachry Industrial (San Antonio, Tex.; www.zhi.com), in a partnership called Gulf Coast Partners, have been awarded a substantial contract to design and build two polyethylene (PE) plants for Chevron Phillips Chemical Company LP (Chevron Phillips…
AkzoNobel finalizes divestment of Building Adhesives business
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has finalized the €260-million divestment of its Building Adhesives business to Sika AG. Under the terms of the deal, all of Building Adhesives' approximately 550 employees have transferred to the new owners, along with the…