Mobile Navigation

Latest News: Business

Member Exclusive

Edwards receives largest order in company’s history

Edwards (Crawley, U.K.; www.edwardsvacuum.com)  today announced one of the largest orders in the company’s history—the sale of approximately 100 iXH harsh process vacuum pumps to a major flat panel manufacturer. The pumps are intended for a manufacturing facility producing 50+-inch…

Member Exclusive

AkzoNobel opens Elotex production facility in China

AkzoNobel Functional Chemicals (www.akzonobel.com) has officially opened a new production site in Shanghai, China, for its Elotex building material additives business. The facility, which produces redispersible powder polymers, has an annual capacity of around 20,000 tons, and brings the total…

Member Exclusive

Mitsubishi Rayon to acquire Lucite International

The Board of Lucite International Group Ltd., (Southampton, UK; www.lucite.com), has announced that the company will be acquired by Mitsubishi Rayon Co. for a total cash consideration of approximately $1.6 billion. The purchase is subject to approval by the relevant…

Member Exclusive

Global chemicals-industry M&A activity surges despite volatile economy

Today, PricewaterhouseCoopers LLP, (PwC) released its quarterly report Chemical Compounds: Global Chemicals Mergers & Acquisitions Analysis – Third Quarter 2008, which provides details on deal transactions and reveals trends in the chemical industry. Chemical Compounds reported 27 deals, valued at over $50 million,…

Member Exclusive

LyondellBasell grants Lupotech T license to Borealis

Borealis AG (www.borealisgroup.com) has selected LyondellBasell’s (Rotterdam, Netherlands; www.lyondellbasell.com) Lupotech T technology for a new 350,000 ton/yr low density polyethylene (LDPE) plant; start-up is expected in 2013. “This investment is an important step in our growth strategy and our selection…

Member Exclusive

LS extends site in Pulnoy, France

Laboratoires Sérobiologiques (LS; www.laboratoires-serobiologiques.com), the active ingredients business of Cognis Care Chemicals, has begun to enhance its production site in Pulnoy, France. With this step, LS wants to further establish its site in France as a technology center for the…

Member Exclusive

Novo Nordisk invests in new insulin-production plant in China

Novo Nordisk A/S (Bagsvaerd, Denmark; www.novonordisk.com) today announced a major investment in a new insulin production plant in Tianjin, China. The plant has been designated Novo Nordisk’s primary production base in the Asia Pacific region and will supply both China…

Member Exclusive

SulphCo announces positive results from commercial-scale field trials

SulphCo, Inc. (Houston, Tex.; www.sulphco.com), a technology company with a patented ultrasound process to desulfurize crude oil, announced today, that in October field trials it successfully duplicated on a commercial scale the positive results recently produced in its Houston laboratory.…

Lurgi signs a worldwide contract with Intergraph

Lurgi GmbH (Frankfurt, Germany; www.lurgi.com) has signed a global agreement for the use of Intergraph SmartPlant Enterprise software and has joined the worldwide Software License Agreement (SLA) of it's parent company Air Liquide (www.airliquide.com). Lurgi is a global company that specializes…

Member Exclusive

Outotec and Eesti Energia to form a JV for development of oil shale processing

Outotec Oyj (Espoo, Finland; www.outotec.com) and Eesti Energia (www.energia.ee) have agreed to form a joint company for the development and marketing of sustainable, energy-efficient and economically viable oil shale processing methods. Eesti Energia will have a majority 60% stake and…