Latest News: Business
Shell captures CO2 with MAN integrally-geared centrifugal compressor
MAN Diesel & Turbo (MDT; Berlin, Germany; www.mandieselturbo.com) is providing the compressor technology for Shell Canada’s Quest Carbon Capture and Storage (CCS) Project, located in Alberta, Canada. Quest will be the world’s first commercial-scale CCS project to tackle carbon emissions…
Forest BtL selects Axens’ Gasel F-T Technology Suite
Forest BtL Oy (Vantaa, Finland; www.forestbtl.com) and Axens (Rueil-Malmaison, France; www.axens.net) have signed a license for the use of Gasel technology suite in the Biomass to Liquid (BtL) plant to be constructed in Ajos, near the city of Kemi, Finland.…
Biofuels-industry CEOs to support "second-generation" biofuels in all EU transport sectors
The chief executive officers of seven leading European biofuel producers and European airlines launched today in Brussels a new industry-led initiative to speed up the deployment of advanced sustainable biofuels in Europe. The initiative, called “Leaders of Sustainable Biofuels,”…
ACC releases report on exports in the chemical sector
American Chemistry Council (ACC; Washgton, D.C.; www.americanchemistry.com) President and CEO Cal Dooley joined U.S. Senator Rob Portman (R-Ohio), Craig Morrison, President and CEO of Momentive Performance Materials Holdings LLC and Chairman of the ACC Board of Directors, and John Paro,…
Italian industry-academic collaboration on breakthrough innovation
An official ceremony took place today with Giovanni Azzone, rector of Politecnico di Milano (www.polimi.it), and Fabrizio Di Amato, CEO and chairman of Maire Tecnimont S.p.A. (www.mairetecnimont.com) for the signature of a framework agreement for a scientific collaboration between Maire…
Teijin Chemicals to establish JV with SK Chemicals
Teijin Chemicals Ltd. (Tokyo, Japan; www.teijin.co.jp), the core company of the Teijin Group’s resin and plastic processing business, announced an agreement with SK Chemicals, a South Korean chemical producer, on a business collaboration, including the establishment of a joint venture…
Praxair to acquire NuCO2 for $1.1 billion
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has entered into an agreement to acquire NuCO2 INC. from Aurora Capital Group, a Los Angeles, California based private equity firm, for $1.1 billion in cash. The transaction is subject to customary conditions to closing,…
Samsung Engineering awarded Iraq Gazprom Badra GSP contract
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.co.kr) has officially announced its contract award from Gazprom Neft, a subsidiary of Gazprom, one of Russia’s largest oil and gas companies. The $879-million contract covers engineering, procurement and construction (EPC) for the gas…
First shipment of bio-based farnesene is made
The renewable chemicals and fuels company Amyris, Inc. (Emeryville, Calif.; www.amyris.com) announced today the first commercial shipment from its new plant in Brazil. Amyris's first purpose-built industrial fermentation facility produces Biofene, the company's brand of renewable farnesene. The product is…
U.S. specialty chemicals market volume expanded in December, ACC says
The market volume for specialty chemicals in the U.S. rose by 0.7% in December 2012, according to the American Chemistry Council (Washington, D.C.; www.americanchemistry.com). The December expansion follows a 0.5% gain in November and offsets some softness experienced in this…