Polymers
ADM to end US bioplastics alliance with Metabolix
US-based bioscience firm Metabolix announced Thursday that Archer Daniels Midland (ADM) has given a termination notice for its role in the companies’ Telles joint venture for PHA bioplastics. ADM said projected financial returns from the alliance were too uncertain.
LyondellBasell to shut two polypropylene lines in Germany
LyondellBasell will shut down two polypropylene (PP) lines in Wesseling, Germany, by mid-2012, seeking to reduce costs and maintain its competitive position.
Celanese finalizes deal to acquire polyvinyl acetate lines from Ashland
US-based specialty materials producer Celanese completed its acquisition of certain polyvinyl acetate assets from Ashland. The deal was first announced in November, and financial terms were not disclosed.
Apply new enhanced tubes to optimize heat transfer in LNG trains
New developments for heat exchangers reduce capital and plot size of key equipment
HP Construction: Asia Pacific
Davy Process Technology Ltd., a Johnson Matthey company, and The Dow Chemical Co.’s Oxygenated Solvents Business, have announced that Wison (Nanjing) Clean Energy Co., Ltd., has selected LP Oxo S..
Dow, Aksa form carbon fiber venture in Turkey
Dow Chemical and Turkey-based Aksa on Tuesday formed a joint venture to manufacture and commercialize carbon fiber and derivatives. Total investment in the project, including third-party investments, is expected to reach $1 billion in five years and create up to 1,000 employment opportunities, the companies said.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Chevron Phillips Chemical plans new Texas ethane cracker for 2017
The company will build a world-scale cracker at its existing Cedar Bayou complex as well as two nearby polyethylene units.
Momentive, UPC form China phenolic resin venture
Momentive Specialty Chemicals and UPC Technology Corp. have now signed a definitive joint venture agreement creating Momentive Union Specialty Chemicals, a venture that will build manufacturing capacity in China to produce specialty phenolic resins.
DuPont cuts profit outlook on weakening demand
US-based chemicals major DuPont on Friday lowered its 2011 full-year earnings outlook to a range of $3.87-$3.95 earnings per share (EPS), excluding significant items – down from a forecast last month of $3.97-$4.05/share. The projected earnings still represent an 18% to 20% increase from 2010.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
