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Latest News: Business

Sinopec and Técnicas Reunidas joint venture to develop petrochemical unit in Kazakhstan

A consortium led by KazMunayGas, Kazakhstan’s state-owned oil and gas company, has awarded the development of a steam cracker to a joint venture formed by Sinopec (Beijing, China) and Técnicas Reunidas S.A. (TR; Madrid, Spain). The Sinopec group will provide…

Lubrizol to double dispersant production capacity in Ohio

The Lubrizol Corp. (Cleveland, Ohio) is expanding operations at its Avon Lake, Ohio, manufacturing facility to double the production capacity of Solsperse Hyperdispersants, commonly used by coating and ink formulators for outstanding pigment dispersant performance, and for a variety of…

Mitsubishi Gas Chemical joins methanol fueling project in Yokohama

Mitsubishi Gas Chemical Company, Inc. (MGC; Tokyo) announced  that it joined the City of Yokohama, Maersk AS, Kokuka Sangyo Co., Ltd., Idemitsu Kosan Co., Ltd., Uyeno Transtech Ltd. and Yokohama Kawasaki International Port Corp. in a simulation of methanol bunkering,…

Kemira invests to expand coagulant production in Norway

Kemira Oyj (Helsinki, Finland) has invested in expanding the coagulant capacity in Fredrikstad in Norway to meet the growing market demand and to ensure production reliability in the Nordic region including Norway, Sweden and Finland. The scope of the investment…

Indian Oil Corp. selects Univation’s PE process technology for new world-scale plant

 Indian Oil Corporation Ltd. (IOCL; Mumbai) has selected Univation's UNIPOL PE Process Technology for a world-scale production line to be located at IOCL's Paradip Petrochemical Complex site in Paradip, India. The unit is designed to achieve a nameplate production capacity…

AdvanSix awarded $12-million USDA grant to expand fertilizer production

AdvanSix (Parsippany, New Jersey) announced that it has been awarded an approximately $12 million grant from the U.S. Department of Agriculture (USDA) through the Fertilizer Production Expansion Program (FPEP) supporting the expansion of innovative American fertilizer production strengthening domestic supply…

Maire awarded two contracts by SOCAR for refinery expansion in Azerbaijan

MAIRE S.p.A. (Milan) announced that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary NextChem Tech, has been awarded by SOCAR two contracts to upgrade and expand the capacity of the Heydar Aliyev Oil Refinery (HAOR) industrial complex in Baku, Azerbaijan. NextChem…

SABIC sells stake in Aluminium Bahrain to Ma’aden

Saudi Arabian Mining Company (Ma’aden) has agreed to acquire SABIC’s 20.62% share in Aluminium Bahrain (ALBA), following the satisfaction of certain agreed conditions, as it continues to pursue regional growth opportunities across its business. The transaction is indicative of Ma’aden’s…

New plant in Finland will demonstrate low-cost biographite production

CarbonScape Ltd. (Riverlands, New Zealand) announces a significant leap forward in its journey towards commercialization by selecting the Sunila site in Finland, owned by Stora Enso Oyj (Helsinki, Finland; a co-owner of CarbonScape),  as the location for its biographite demonstration…

Clariant divests Industrial Park Fechenheim for €95 million

Clariant AG (Muttenz, Switzerland) announced that it has reached an agreement to divest its real estate property “Industrial Park Fechenheim,” Frankfurt am Main, Germany to the Lugman Group, a Frankfurt-based single-family office specialized in real estate, for €95 million in…