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Latest News: Business

Arkema to buy certain assets from Dow

Arkema (Colombes, France; www.arkema.com) and The Dow Chemical Co. (Midland, Mic.; www.dow.com) have entered into an agreement for Dow to meet U.S. Federal Trade Commission (FTC) required divestitures related to its acquisition of Rohm and Haas.  This comes ahead of…

Dow to divest ownership in Optimal Group of Companies to Petronas

The Dow Chemical Co. (Dow; Midland Michigan; www.dow.com) and Petroliam Nasional Berhad (Petronas) have announced that they have reached an agreement for Dow’s Union Carbide Corp. subsidiary to sell its entire shares of ownership in the Optimal Group of Companies…

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DSM to sell urea-licensing business to Maire Tecnimont

Royal DSM N.V. (Heerlen, Netherlands; www.dsm.com) and Maire Tecnimont S.p.A. (Rome, Italy; www.mairetecnimont.it) announce today that they have reached an agreement for the sale of DSM’s urea-licensing subsidiary Stamicarbon B.V. to Maire Tecnimont for a total consideration of 38-million euros…

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GEA builds automatic dairy plant in Chile

The Process Technology Segment of GEA Group AG (Bochum, Germany; www.geagroup.com) has received an order for about 9-million euros from Nestlé to build the liquid processing part of a Growing-Up Milk plant in Chile. The new plant will be located…

CSB releases new safety video on dust explosions

Aerial view of Imperial Sugar following 2008 dust explosion and fire (photo courtesy of CSB)   The U.S. Chemical Safety Board (CSB) has released a new safety video depicting how accumulations of combustible dust at worksites can provide the fuel…

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BASF extends joint R&D program with IMEC

BASF SE (Ludwigshafen, Germany; www.basf.com) and IMEC (Leuven, Belgium; www2.imec.be), Europe's leading independent nanoelectronics research center, have announced today that they are extending their joint development program. The process chemicals which the two partners plan to develop as part of…

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Agilent acquires Varian for $1.5 billion

Agilent Technologies, Inc. (Santa Clara, Calif.; www.agilent.com) and Varian, Inc. (Palo Alto, Calif.; www.varianinc.com) have signed a definitive agreement for the acquisition by Agilent of Varian, a leading worldwide supplier of scientific instrumentation and associated consumables for life science and…

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Altana acquires Water Ink Technologies

The specialty chemicals Group Altana AG (Wesel, Germany; www.altana.com) has entered into an agreement to acquire the business of the North American company Water Ink Technologies, Inc. The company produces primarily water-based and UV inks, coatings and varnishes for narrow…

AMMA recommends changes to House-passed Clean Energy Bill

Yesterday, a coalition of U.S. manufacturing groups known as the American Materials Manufacturing Alliance recommended changes to the American Clean Energy and Security Act (HR 2454) in a letter to Sen. Sheldon Whitehouse (D-R.I.) of the Senate Committee on Environment…

PSE releases gPROMS v3.2

Process Systems Enterprise, Ltd. (PSE; London, U.K.; www.psenterprise.com) has just released version 3.2 of the gPROMS advanced process modeling (APM) software. gPROMS is widely used by large process industry companies in the oil & gas, chemicals and petrochemicals, power generation,…