Latest News: Business
Air Products to acquire DuPont’s stake in DA NanoMaterials
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has entered into a definitive agreement to acquire all of DuPont’s (Wilmington, Del.; www.dupont.com) interest in DuPont Air Products NanoMaterials LLC (DA NanoMaterials; Tempe, Ariz.; www.nanoslurry.com ), the two companies’ 50-50 joint venture serving…
Far East Petrochemical selects Axens’ butene and hexene technologies
ZAO “Far East Petrochemical Co.” (FEPCO), which is implementing the project of OJSC “NK Rosneft” for the construction of petrochemical complex to be located in Primorsk region of Russia, has selected Axens’ (Rueil-Malmaison, France; www.axens.net) AlphaButol and AlphaHexol technologies for…
Jacobs selected for Solvay’s specialty-polymers project in China
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has been awarded a contract from Solvay S.A. (Brussels, Belgium; www.solvay.com) for a major, specialty-polymers production plant to be built at Solvay's industrial site in Changshu, which is located in the province of…
Elevance Renewable Sciences and Arkema to develop and produce renewable polymers
Elevance Renewable Sciences, Inc. (Woodridge, Ill.; www.elevance.com) and Arkema (Colombes, France; www.arkema.com) have formed a global partnership for the development and production of renewable specialty polymers. Elevance is providing novel, differentiated, functionalized renewable starting materials including the company’s 9-decenoic methyl…
John Steitz to become president and CEO of Albemarle
Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) has announced that John Steitz has been elected president and CEO of the company, effective March 1, 2012. In this role, Steitz will oversee all aspects of the company's operations, including global responsibility for…
Global CPRI rose in January, ACC report says
The Global Chemical Production Regional Index (Global CPRI) rose 0.3% in January, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). In the latest ACC Weekly Chemistry and Economic Report, ACC points out that chemical production gains in…
Lanxess to invest €40 million at Newcastle site in South Africa
Lanxess AG (Leverkusen, Germany; www.lanxess.com) is investing €40 million to build a CO2 concentration unit at its South African site in Newcastle. At this site, the group operates a highly modern plant, that mainly produces sodium dichromate, which is further processed…
Two contracts for Tecnimont
Maire Tecnimont S.p.A. (Rome, Italy; www.mairetecnimont.it) says that its subsidiaries, Tecnimont S.p.A. and Tecnimont do Brasil Ltda, have been awarded two contracts in Saudi Arabia and Brazil, respectively, for an overall value of $145 million. In the Kingdom of Saudi…
Molycorp rare-earth ore facility is ahead of schedule
Molycorp Inc. (Greenwood Village, Colo.; www.molycorp.com) today announced that the sequential start-up of the new Project Phoenix rare earth manufacturing facility at its flagship Mountain Pass, California operation will begin this week and includes the following operations and plants: …
AltairStrickland is among the finalists for safety award
AltairStrickland (Houston, Tex.; www.altairstrickland.com and three other companies are finalists out of 138 contractors nominated for the Houston Business Roundtable (HBR) Safety Excellence Award in the “General Contractor, Medium” category. AltairStrickland was nominated by BP Texas City. The Total Incident…