Latest News: Business
Trade surpluses projected for U.S. chemicals, ACC says
The trade surplus of U.S. chemicals will expand to $2.4 billion in 2013 and to $3.3 billion in 2014, according to projections in the 2012 Year-End Situation and Outlook report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). “Renewed…
KBR awarded ammonia-technology license agreement by Indorama
KBR (Houston; www.kbr.com) announced today that Indorama Eleme Fertilizer & Chemicals Ltd. (“Indorama”) has selected KBR to provide ammonia technology for its planned grassroots ammonia plant in Port Harcourt, Nigeria. KBR will license its ammonia technology to Indorama to operate…
CP Kelco announces CMC capacity expansion plans
CP Kelco (Atlanta, Ga.; www.cpkelco.com), a world-leading carboxymethyl cellulose (CMC) producer, today announces plans to increase capacity at its production facility in Äänekoski, Finland. CP Kelco will be expanding purified CMC capacity up to 25% at this facility over the next…
Outotec gets marketing rights for Ausmelt TSL zinc fuming technology
Outotec Oyj (Espoo, Finland; www.outotec.com) has received the global marketing rights for the Ausmelt Top Submerged Lance (TSL) technology for the fuming of zinc bearing residues from Korea Zinc Co. Prior to the Outotec acquisition of Ausmelt Ltd. in 2010,…
ECHA regulatory review contradicts U.S. classification on formaldehyde
Normal 0 According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the European Chemicals Agency (ECHA; Helsinki, Finland; echa.europa.eu) Committee for Risk Assessment (RAC) announced on December 7, 2012, that it disagreed with a request to classify formaldehyde as…
U.S. specialty chemical sales volume declines in October, ACC says
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Stamicarbon wins licensing and supply contracts for urea plant in China
Stamicarbon B.V. (Sittard, The Netherlands; www.stamicarbon.com), the Licensing and IP Center of Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.it), has been awarded two contracts for a new urea plant with Inner Mongolia Erdos Chemical Industry Group Co. in the People’s Republic…
AMEC awarded PMC contract for a new refinery in Kuwait
AMEC (London, U.K.; www.amec.com) has been awarded a $528 million (£330 million) Project Management Consultancy (PMC) contract by the Kuwait National Petroleum Co. (KNPC) for a new petroleum refinery at Al Zour, Kuwait. When completed in 2018, the multi-billion dollar…
Tecnimont lands LDPE contract in Mexico
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) says that its main subsidiary Tecnimont S.p.A. (Rome, Italy) has been awarded by Etileno XXI Services B.V., an engineering and procurement contract on lump-sum basis for the realization of a 300,000-ton/yr low-density polyethylene (LDPE)…
Global CPRI flat in October; U.S. CPRI up slightly, ACC says
The Global Chemical Production Regional Index (Global CPRI) was flat in October, following 10 months of gains, according to data from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). In its most recent Weekly Chemistry and Economic Report, ACC…