Petrochemicals
Huntsman may close Swiss textile chemicals plant
Huntsman said that its textile effects (TE) division plans to implement a significant restructuring, including the possible closure of its production facilities and business support offices in Basel, Switzerland. The planned restructuring and the possible closures could affect approximately 600 positions in Basel, with potentially 500 job losses and 100 positions moving to other sites across the organization, to build capability closer to customers.
Huntsman plans $40m Asia-Pacific technology hub
Huntsman plans to invest $40 million in building an Asia Pacific regional technology center in Shanghai's Minhang economic and technological development zone. The US-based chemicals manufacturer said the center would support rapidly-growing demand for world-class technology and innovation from customers across the Asia Pacific region.
Celanese opens German engineered polymer plant
US-based specialty chemicals firm Celanese has opened its polyoxymethylene (POM) production facility in Frankfurt Hoechst Industrial Park in Germany. With a nameplate capacity of 140,000 tpy, Celanese’s new POM plant will be the world’s largest and strengthens the company’s Ticona engineering polymers business, including its global operations and advanced technical capabilities, the company said.
BASF picks N America care chemicals distributors
BASF has entered into agreements with nine distributors who will represent its personal care and selected home care businesses in North America, the company said on Monday.
RPM buys US restoration, cleaning solutions group
US-based specialty coatings and sealants firm RPM International said that its RPM2 business unit has agreed to acquire the Legend Brands group of companies, providers of equipment and solutions for water and fire damage restoration, professional cleaning and environmental control.
Oiltanking, PERN sign JV for Poland liquids terminal
Oiltanking and petroleum logistics firm PERN have signed a joint venture to jointly develop and construct a terminal for the storage and handling of bulk liquids in the Port of Gdansk, Poland. The terminal will potentially be able to store and handle crude oil, refined oil and petrochemical products.
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
Williams to expand Louisiana ethylene plant by 44%
Williams will expand its olefins production facility in Geismar, Louisiana, the company announced on Tuesday. The expansion will increase the facility's ethylene production by 600 million pounds/year to a new annual capacity of 1.95 billion pounds. It is expected to be completed the third quarter of 2013.
Technip wins Brazil fertilizer plant engineering deal
Technip was awarded a contract for providing basic and front-end engineering services on Petrobras’ grassroots fertilizer complex to be located at Uberaba, state of Minas Gerais, Brazil. The deal was awarded within the framework of a cooperation partnership with Haldor Topsoe, Technip officials said.
Cabot JV opens black masterbatch plant in China
Cabot has opened its new masterbatch plant in Tianjin, China, the specialty chemicals producer said on Monday. Construction of the $20 million black masterbatch project began in February 2011.
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- Foundation stone laid for 1.2-MMtpy blue ammonia plant in Qatar 11/29
- Traders using STS transfers near Senegal to export Russian naphtha to Brazil 11/29
- Mexican firefighters extinguish second fire in one week at Pemex refinery 11/29
- Australia's Ampol ends Lytton refinery repairs, provides output forecast 11/29
- Indonesia committed to introduce B40 biodiesel on Jan. 1 11/29
