Following a good second quarter, LANXESS specifies its earnings forecast for 2018

Net income increased very sharply to EUR 126 million

02-Aug-2018 - Following a good performance in the second quarter, specialty chemicals company LANXESS has specified its earnings forecast for 2018. The Group now expects an increase of the operating result at the upper end of the guidance of five to ten percent that was presented in May. In the previous year, ...

BASF boosts capacity for highly chromatic yellow pigments

02-Aug-2018 - BASF will extend its production capacities for isoindoline yellow pigments by around 70% by 2020, as the demand for high-performance pigments grows. Bright yellow tones that offer a high degree of weather resistance and temperature stability are sought after, particularly in demanding ...

LANXESS plans to expand its business with membrane elements in Turkey

Distribution agreement signed with Burkut

02-Aug-2018 - The Liquid Purification Technologies (LPT) business unit of the specialty chemicals company LANXESS plans to expand its business with reverse osmosis membrane elements in Turkey. Correspondingly, LPT signed a distribution agreement with the Turkish Burkut INC, Izmir, regarding the sale of ...

BASF Group records slight sales and earnings growth

31-Jul-2018 - In the second quarter of 2018, BASF Group achieved a slight increase in sales and earnings. “Compared with the second quarter of 2017, sales rose by €518 million to €16.8 billion,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE. This was driven by higher ...

Metrohm acquires B&W Tek

30-Jul-2018 - Metrohm AG from Herisau, Switzerland and B&W Tek from Newark in Delaware, USA are pleased to announce the acquisition of B&W Tek’s Spectroscopy Solution Business, B&W Tek LLC, as well as several overseas subsidiaries. This acquisition contributes to the strategic growth of Metrohm enhancing the ...

Waters acquires DESI-MS technology from Prosolia

Desorption Electrospray Ionization (DESI) imaging gives deeper biological insights

25-Jul-2018 - Waters Corporation, Prosolia, Inc. and the Purdue Research Foundation announced that Waters® acquired exclusive rights to Desorption Electrospray Ionization (DESI) technology for all mass spectrometry applications from Prosolia and PRF. "The acquisition of DESI technology bolsters Waters' ...

AkzoNobel teams up with Renmatix to develop biomass-derived additives for paint and construction

25-Jul-2018 - AkzoNobel Specialty Chemicals and Renmatix will jointly develop biomass-based performance additives that improve the properties of architectural paints and construction materials. Renmatix is one of the winners of the 2017 Imagine Chemistry challenge, a program through which AkzoNobel Specialty ...

Stora Enso to boost green energy generation at Maxau Mill

Investment volume of 25 million EUR

23-Jul-2018 - Stora Enso has decided to install a new steam turbine with a closed-loop cooling system and additional biomass storage at its mill in Maxau, Germany. The investment cost is approximately EUR 25 million and implementation of the project is scheduled to start during the third quarter of 2018 with ...

Oxea starts propanol production in Texas

23-Jul-2018 - Oxea has successfully started up its new 100,000mt per annum world-scale production unit “Propanol2” at its Bay City, Texas, USA, site. The now fully operational, state-of-the-art unit will increase Oxea’s North American production capacity for n‑propanol by 75percent. Construction and ...

Neste aiming to use waste plastic as a raw material for fuels and plastics

20-Jul-2018 - Neste is exploring ways to introduce liquefied waste plastic as a future raw material for fossil refining. The aim of the development project is to proceed to industrial scale trial during 2019. The company’s target is to process annually more than one million tons of waste plastic by ...