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Prayon to license phosphoric-acid process technology for two new plants in Egypt

Prayon Group’s (Engis, Belgium; www.prayon.com) Prayon Technologies division, which specializes in the licensing of phosphoric acid processes, will provide a license and technical guidance for two new phosphoric acid plants to be built in Egypt, as part of the NCIC…

BASF opens construction chemicals plant in Sri Lanka

BASF SE (Ludwigshafen, Germany; www.basf.com) has opened its first production plant in Sri Lanka, which will produce standard and custom-made performance-based construction chemicals under the Master Builders Solutions brand, including concrete admixtures product. The new plant will allow BASF to…

Teijin to acquire DuPont’s stake in polyester-film JVs in Japan and Indonesia

Teijin Ltd. (Tokyo, Japan; www.teijin.com) announced that it has agreed to acquire the interests owned by E. I. du Pont de Nemours and Company (DuPont; Wilmington, Del.; www.dupont.com) in the companies’ film-business joint ventures (JVs) in Japan and Indonesia. The…

Altana invests €10 million in coatings and adhesives research facility

Specialty chemicals group Altana AG (Wesel, Germany; www.altana.com) has announced that its wholly owned subsidiary ACTEGA Rhenania GmbH, a globally leading coatings and adhesives specialist, is erecting a new laboratory building in Grevenbroich, North Rhine-Westphalia, Germany. The company is investing…

Wood Group awarded U.K. petrochem complex contract from Sabic

Wood Group (Aberdeen, Scotland; www.woodgroups.com) has been awarded a new contract by petrochemical manufacturer Saudi Basic Industries Corp. (Sabic; Riyadh, Saudi Arabia; www.sabic.com) in the U.K. Engineering design services will be provided to the Sabic Teesside complex in Wilton, U.K.…

Emerson to acquire Pentair Valves & Controls business

Emerson (St. Luois, Mo.; www.emerson.com) has signed an agreement to purchase the Valves & Controls business of Pentair plc (Manchester, U.K.; www.pentair.com) for $3.15 billion. The complementary acquisition establishes Emerson's global presence in control, isolation, pressure relief valves and actuation…

Current economic trends

The June 2016 preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) ticked lower than the previous month, reversing the direction from the May value, but continuing a general lowering trend over the past several months.…

Veolia to provide wastewater-treatment technologies for Lotte-Axiall petrochemicals facility

CB&I (The Woodlands, Tex.; www.cbi.com) has chosen Veolia Water Technologies (Moon Township, Pa.; www.veoliawatertech.com) to engineer and procure a wastewater treatment package for the 1,000,000-metric tons per year (m.t./yr) Lotte Axiall Chemical Company (LACC) ethane cracker and associated monoethylene glycol…

Johnson Matthey and Ilika to partner on lithium-sulfur battery project

Ilika p.l.c. (Southampton, U.K.; www.ilika.com) announces that it is taking part in a three-year project to develop protected anodes for lithium sulfur batteries, led by Johnson Matthey Plc (London; www.matthey.com) and supported by Innovate UK and the Engineering and Physical…

Praxair confirms preliminary merger discussions with Linde

Praxair, Inc. (Danbury, Conn.; www.praxair.com) has confirmed that it is currently in preliminary discussions with Linde AG (Munich, Germany; www.the-linde-group.com) regarding a potential merger. According to Praxair, these discussions are ongoing, and there can be no assurance that they will…