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Chemical Activity Barometer for July signals gains, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 0.1 percent in July on a three-month moving average (3MMA) basis, improving upon June and May performances which were essentially…
Axalta Coating Systems names new CEO
Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) announced that its Board of Directors has appointed Terrence Hahn as Chief Executive Officer, effective September 4, 2018, succeeding Charlie Shaver, who served as Axalta’s Chairman and Chief Executive Officer since 2013. Mr. Hahn…
Arkema to open 3D printing center in Pennsylvania
Arkema (Colombes, France; www.arkema.com) will open its 3D Printing Center of Excellence, located at its Sartomer Exton, PA facility. In this advanced R&D lab, Sartomer and its partners will further develop cutting-edge 3D printing resins through innovative material research and…
Maire Tecnimont awarded two EPC contracts for Lukoil refinery upgrades
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) announced that its subsidiary KT – Kinetics Technology has been awarded two EPC (Engineering, Procurement and Construction) contracts by LUKOIL NizhegorodNefteorgSyntez, a subsidiary of JSC LUKOIL. The contracts are related to five refinery process units as part…
Ingevity to take full ownership of Purification Cellutions joint venture
Ingevity Corp. (North Charleston, S.C.; www.ingevity.com) has signed an agreement to acquire the remaining 30% interest in the joint venture Purification Cellutions, LLC, Waynesboro, Georgia, from its partner Applied Technology Limited Partnership, Doraville, Georgia. The purchase price is approximately $80…
AkzoNobel and Renmatix to collaborate on bio-based performance additives
AkzoNobel Specialty Chemicals (Amsterdam, the Netherlands; www.akzonobel.com) and Renmatix, Inc. (King of Prussia, Pa.; www.renmatix.com) will jointly develop biomass-based performance additives that improve the properties of architectural paints and construction materials. Renmatix’s proprietary Plantrose Process utilizes ‘supercritical’ water under high…
TechnipFMC awarded contract for HPCL hydrogen generation unit
TechnipFMC (Houston; www.technipfmc.com) has been awarded a substantial contract by the state-owned Hindustan Petroleum Corporation Ltd. (HPCL) for a grassroot Hydrogen Generation Unit (HGU). The project is part of the brownfield expansion for HPCL’s Visakh Refinery Modernization Project located in…
Veolia appoints new chief executives
Veolia (Paris, France; www.veolia.com) has announced the appointment of Estelle Brachlianoff to the position of Chief Operating Officer (COO), and Claude Laruelle to the position of Chief Financial Officer (CFO). In their previous positions, both have been involved in developing…
Advisian awarded pre-FEED contract for Borouge expansion
Advisian (www.advisian.com), the global consulting firm of WorleyParsons, has been awarded the role of preparing the pre-FEED and licensor evaluation for the latest expansion of Borouge’s Petrochemical Facility (Borouge-4 Plant), part of a major new downstream facility in the United Arab…
Lanxess announces significant North American investment program
Lanxess AG (Cologne, Germany; www.lanxess.com) is strengthening its presence in the growth market of North America with a comprehensive investment program. The company plans to invest up to $580 million in its asset base there through 2022. “North America and…