Mobile Navigation

Latest News: Business

Member Exclusive

LyondellBasell’s technologies selected by Kazakhstan Petrochemical Industries

Kazakhstan Petrochemical Industries Inc. LLP, in which LyondellBasell (Rotterdam, Netherlands; www.lyondellbasell.com) is holding a minority interest, has selected LyondellBasell’s polyethylene (PE) and polypropylene (PP) technologies for three new plants that will have a combined capacity of 1,300,000 metric tons (m.t.)…

Member Exclusive

BMS starts construction of TDI plant in China

During the course of this year Bayer MaterialScience (BMS; Leverkusen, Germany;  www.bayermaterialscience.com) plans to start construction of a state-of-the-art, world-scale facility for producing the polyurethane raw material toluene diisocyanate (TDI) at the integrated production site in Shanghai. The relevant Chinese…

Member Exclusive

CAC builds sodium hypochlorite plant in Moscow

Wassertechnik Essen GmbH, a subsidiary of the Austrian EVN AG, has commissioned Chemieanlagenbau Chemnitz GmbH (CAC; Chemnitz, Germany; www.cac-chem.de) to plan and erect a sodium hypochlorite plant on the basis of chlorine membrane electrolysis. Designed to have an annual capacity…

Konica Minolta and Universal Display Corp. announce OLED technology license agreement

Konica Minolta licenses Universal Display's proprietary UniversalPHOLED and other OLED technologies to make and sell energy-efficient white OLED lighting products with novel design features and environmental benefits   Konica Minolta Holdings, Inc. (Konica Minolta), a company that leads the way…

Ineos completes acquisition of Seal Sands site from BASF

Following clearance from the European Commission on August 1, 2008, Ineos Nitriles has successfully completed its agreement to purchase the Seal Sands site on Teesside, U.K. from BASF plc, a subsidiary of the German chemical company BASF. The acquisition includes…

Member Exclusive

Canada’s first low-CO2 power plant

Siemens’ (Erlangen, Germany; www.siemens.com/energy) coal gasification technology has been selected for Canada’s first low-CO2 IGCC power plant. EPCOR Power Generation is planning to build an integrated gasification combined cycle power plant (IGCC) featuring carbon capture and storage in Genesee near…

Lanxess will move headquarters from Leverkusen to Cologne

Specialty chemicals company Lanxess AG plans to move its headquarters from Leverkusen to Cologne (both Germany). Relocation is to be completed by 2011. Lanxess will now begin discussions with the city of Cologne to identify possible sites. “Lanxess is today…

IChemE expands presence in China  

The Institution of Chemical Engineers (London; IChemE) has announced plans to establish a greater presence in China, following the appointment of Dr. Yan Tsaur as the country’s first IChemE Operations Director.   Professor Richard Darton, IChemE President, outlined the Institution’s…

Small-Deal Activity Driving M&A Volume in the Chemicals Industry

Small-deal activity continues to drive healthy deal volume in the global chemicals industry with 374 announced deals in the first half of 2008, according to the PricewaterhouseCoopers’ LLP report, Chemical Compounds: Global Chemicals Mergers & Acquisitions Analysis – Second Quarter…

Member Exclusive

BASF builds a new world-scale plant for Trilon M

BASF SE (Ludwigshafen, Germany; www.basf.com) is investing in the production of its sustainable complexing agent Trilon M, thereby consolidating its position as one of the world’s leading producers of complexing agents. The construction of a new world-scale plant at Ludwigshafen…