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11:35 AM, 27th November 2019
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AkzoNobel supplies powder coatings for European’s new tallest building

AMSTERDAM, NETHERLANDS: Europe will soon have a new tallest building – and it’s being protected from the ravages of the Warsaw weather by a high-class powder coatings system supplied by AkzoNobel. Standing 310 meters tall, the Varso Tower – developed by international workspace provider HB Reavis – will dominate the skyline of the Polish capital. It features a sleek black exterior which has been created by using the company’s Interpon D2525 super-durable topcoat on ...

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3:12 PM, 29th March 2011
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Lonza to invest £16 million in UK facility

  BASEL, SWITZERLAND: Lonza will invest £16 million to further develop the flexibility and capability of its Slough, UK biopharmaceutical manufacturing facility to respond to a broader range of customer projects and strengthen its global network of biologics development and manufacturing. The project is scheduled for completion by the end of 2012.   An integral part of the investment is the construction of a new 60,000 square foot building adjacent to existing buildings to cre ...

2:57 PM, 28th March 2011
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Perstorp extends 2- Ethylhexanoic Acid capacity in Singapore

  PERSTORP, SWEDEN: Perstorp is extending capacity for 2-EHA in Europe and Asia by establishing production at the group’s manufacturing unit in Singapore. The production is planned to start in 2013. “Increasing our capacity is in line with our strategy going forward. It also strengthens ur position in the Asian market, with production of specialty products in the region,” said Martin Lundin, President and CEO, Perstorp.   The capacity increase will be established i ...

2:47 PM, 26th March 2011
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3i to sell Azelis chemicals firm: sources

  LONDON, UK: British private equity firm 3i Group has kicked off the sale of Azelis, a Belgium headquartered chemicals distributor with 1 billion euros ($1.4 billion) in sales, people familiar with the situation said. London-listed 3i has hired Bank of America Merrill Lynch to sell the company, which it acquired in 2007 in a 315 million euro deal, two people said on Friday.   The firm hopes to run a tightly-controlled auction process, focusing on potential trade buyers, one of the ...

1:29 PM, 26th March 2011
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Shell opens first gas flow into GTL plant in Qatar

  Completing a major milestone, Qatar Petroleum and Shell announced the first flow of dedicated offshore gas into the Pearl GTL plant located in Ras Laffan industrial city in the State of Qatar.   HAGUE, THE NETHERLANDS: Shell, which is the operator of the Pearl GTL plant developed under a production and sharing agreement with QP, has opened natural gas wells offshore allowing the first sour gas to flow through a subsea pipeline into the giant GTL plant onshore. Sections of t ...

12:51 PM, 26th March 2011
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INEOS to expand Ethylene Oxide capacity in US

SOUTHAMPTON, UNITED KINGDOM: INEOS Oxide said that it is considering plans to expand its Ethylene Oxide (EO) and Ethylene Oxide Derivatives (EOD) capacity as part of its strategy to grow its global business over the next few years.   As part of its growth strategy INEOS’ Oxide business is considering an investment in the US Gulf which would incorporate EO, Glycol and EOD’s, building on its existing presence and experience in this market.   “The timing is right fo ...

12:26 PM, 26th March 2011
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Total, IFP and Axens form bio-ethylene technology alliance

  RUEIL-MALMAISON, FRANCE: Total Petrochemicals, IFP Energies nouvelles (IFPEN) and its subsidiary Axens recently announced an alliance with the objective to develop a new optimized technology for the production of bio-ethylene by dehydration of ethanol. The proprietary technology will address large-scale units and the quality of the monomers will be in line with modern derivative production processes.   Based on Total Petrochemicals original proprietary catalyst development, this ...

4:33 PM, 25th March 2011
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ALTANA reports outstanding results based on improved economy

  WESEL, GERMANY: ALTANA ended the business year 2010 with good sales and earnings figures on account of an improved economy. Sales climbed to € 1,535.4 million, corresponding to an increase of 30 per cent compared to the previous year (€ 1,181.7 million). Adjusted for exchange rate as well as acquisition effects, the operating sales growth was 24 per cent. As a result, ALTANA did more than compensate for the crisis-related decrease in sales in the business year 2009 and was also ...

3:44 PM, 25th March 2011
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K+S completes acquisition of Potash One

K+S now holds 100 per cent of the outstanding common shares of Potash One. Shares of Potash One shares were delisted from the Toronto Stock Exchange (TSX) K+S continues the development of the Legacy Project in Saskatchewan     KASSEL, GERMANY: K+S Aktiengesellschaft (K+S) has acquired all shares of Potash and K+S Canada now holds 100 per cent of the outstanding common shares of Potash One.   To effect the compulsory acquisition, K+S Canada has deposited the cash conside ...

3:43 PM, 25th March 2011
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ALTANA acquires can end sealants business in US

  WESEL, GERMANY: ALTANA has acquired the can end sealants business for the metal can packaging market of US based Watson Standard Adhesives Company. By way of an asset deal, ALTANA primarily acquired customer relationships, products, know-how and inventories. WSAC’s can end sealants business will be integrated into the ACTEGA Coatings & Sealants division of ALTANA. The former WSAC can end sealant products will be produced at ACTEGA’s existing site near Philadelphia and inc ...

12:30 PM, 25th March 2011
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Rhodia buys stake in Phoenix Venture Partners

  With a focus to strengthen its innovation potential, Rhodia has acquired an equity interest in the investment fund.   PARIS, FRANCE: Rhodia has acquired an equity interest in Phoenix Venture Partners LP, an investment fund focused on the financing and development of innovative technology start-up companies. This fund targets companies working primarily on advanced materials, investing chiefly in North America and to a lesser extent, in Europe and Asia.   Following its recen ...

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