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11:57 AM, 27th November 2019
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Two injured in TPC’s chemical plant explosion in Texas: Official

HOUSTON, US: Two workers were injured in an explosion at TPC Group’s chemical plant in Port Neches, Texas, that felt more than 30 miles (48 kms) away from the plant, said a law enforcement official. KFDM-TV in Beaumont, Texas, quoted Jefferson County Judge Jeff Branick saying all workers had been accounted for following the blast that shattered windows and blew doors of their hinges. The Jefferson County Sheriff’s Office said two injured people were taken to an area hospital. Capt ...

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5:35 AM, 29th November 2019
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Sekisui completes acquisition of AIM Aerospace

RENTON, US: Sekisui Chemical Co Ltd has finalized the acquisition of AIM Aerospace from Liberty Hall Capital Partners (LHCP). AIM Aerospace is now a wholly owned operating company within Sekisui Chemical.  AIM Aerospace is a leading designer and producer of advanced composite structures, systems, engine components and thermoplastic technology for the global aerospace industry and leading the way in the implementation of advanced thermoplastics and intelligent automation for aerospace in No ...

11:57 AM, 27th November 2019
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Two injured in TPC’s chemical plant explosion in Texas: Official

HOUSTON, US: Two workers were injured in an explosion at TPC Group’s chemical plant in Port Neches, Texas, that felt more than 30 miles (48 kms) away from the plant, said a law enforcement official. KFDM-TV in Beaumont, Texas, quoted Jefferson County Judge Jeff Branick saying all workers had been accounted for following the blast that shattered windows and blew doors of their hinges. The Jefferson County Sheriff’s Office said two injured people were taken to an area hospital. Capt ...

11:45 AM, 27th November 2019
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ExxonMobil elects current State Street CEO to its board

IRVING, US: ExxonMobil Corporation said that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Hooley’s previous experience leading a large global financial services organization, along with operation ...

9:45 AM, 25th November 2019
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Novomer names former president of Sirrus as next CEO

ROCHESTER, US: Novomer Inc has named Jeff Uhrig as its new Chief Executive Officer (CEO). Uhrig will oversee day-to-day business operations and direct efforts to further develop and commercialize Novomer’s unique catalyst technology. Uhrig has held wide-ranging corporate responsibilities during his career including his most recent position as President and Chief Executive Officer for Sirrus Inc., a leading developer of methylene malonate technology. At Sirrus, he led a successful sale pro ...

10:46 AM, 22nd November 2019
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Carbon appoints former DuPont chairman Ellen Kullman as CEO

MIDLAND, US: Former DuPont Chairman and CEO Ellen Kullman is taking the reins as President and CEO of Carbon, a 3-D printing tech venture best known for its manufacturing partnerships with Adidas, Ford and Ikea. Carbon’s founding CEO Joseph DeSimone is stepping into the role of Executive Chairman of the board. Kullman, who has served on the board of directors at Carbon since 2016, told CNBC she views her appointment as a partnership with the founder, who she described as a scientist and s ...

10:58 AM, 16th November 2019
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Bayer, Dewpoint signs $100 million research partnership

BERLIN, GERMANY/ BOSTON, US: Bayer and Dewpoint Therapeutics announced an option, research and license agreement worth up to $100 million. The partnership will leverage Dewpoint’s proprietary platform for biomolecular condensates and Bayer’s small molecule compound library to develop new treatments for cardiovascular and gynecological diseases. Today, around 80 percent of the human proteome is still considered to be beyond the reach of small molecules, which make up more than 80 pe ...

7:28 AM, 16th November 2019
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ACI executive VP Richard to retire after 42 years

WASHINGTON, US: The American Cleaning Institute’s (ACI) said that Richard Sedlak, Executive Vice President (VP) of Technical & International Affairs, is retiring from ACI as of December 31, 2019 after more than 42 years at the association.  As of January 1, 2020, Dr. James Kim, ACI’s Associate Vice President, Science & Regulatory Affairs, will lead the Institute’s technical and regulatory department. “Rich’s vast knowledge, experience and legacy withi ...

11:41 AM, 8th November 2019
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McDermott's Lummus Technology bags petrochemicals contract in China

HOUSTON, US: McDermott International Inc has been awarded a sizeable technology contract by Formosa Chemicals Industries Ningbo Limited. The contract is for the technology license and basic engineering services for a grassroots alpha-methylstyrene (AMS) recovery unit in Ningbo, China. This 10,000 MTA unit will utilize AMS technology jointly licensed by Versalis and McDermott's Lummus Technology to recover specialty chemicals for niche market sale. The award strengthens the ongoing collaboratio ...

10:05 AM, 7th November 2019
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ExxonMobil, FuelCell Energy expands agreement for carbon capture technology

IRVING / DANBURY, US: ExxonMobil and FuelCell Energy Inc have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil is exploring options to conduct a pilot test of next-generat ...

5:18 AM, 6th November 2019
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McDermott appoints new Chief Financial Officer

HOUSTON, US: McDermott International Inc (MDR) has appointed Chris Krummel as Executive Vice President, Chief Financial Officer, effective immediately. Krummel joined McDermott in 2016 and previously served as the company's Global Vice President, Finance and Chief Accounting Officer. He replaces Stuart Spence, who has resigned from McDermott to pursue other opportunities. Krummel has 25 years of finance leadership experience. Prior to joining McDermott, he served as: a consultant of American I ...

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