The company has undertaken this move to focus on its two higher growth businesses – Aerospace, Technology, Environmental & Nuclear; and Buildings, Infrastructure & Advanced Facilities.

Bye-bye, naphtha cracker: A new steam cracking process allows petrochemical producers to skip the refining stage in the production of ethylene – with potential cost benefits of hundreds of dollars per ton.

Covestro is developing and marketing new polyether carbonate polyols that are produced with the aid of carbon dioxide. The company now offers the first representative of a new series of thermoplastic polyurethanes (TPU) containing polyether carbonate polyols based on CO2 technology.

McDermott has been awarded a technology contract for Map Ta Phut Olefins petrochemical plant in Rayong Province, Thailand. The client is a joint venture company of SCG Chemicals Company Limited, which is a wholly owned subsidiary of SCG, and the Dow Chemical Company.

A report by Global Market Insights has predicted the lithographic printing chemicals market to reach 17.5 billion dollars by 2025 owing to the rise of the packaging, publication, and promotion industries.

China is stepping up the pace — By 2025, China wants to play a leading role in terms of innovation, sustainability and networking. The ambitious plan will be a challenge particularly for chemical and petrochemical companies. What solutions does the concept “Made in China 2025” offer for an industry at the crossroads? And how can companies prepare for the future?

Daikin and Hitachi will start a joint demonstration to digitalize quality control know-how in the reaction process of chemical manufacturing, especially in fluorochemicals, at Daikin Yodogawa Plant (Settsu, Osaka Prefecture).

Shin-Etsu Chemical announced an investment of $ 125 million in the expansion of its photomask blanks business at its two existing photomask blanks plants: the Takefu Plant in Echizen City, Fukui Prefecture and the Naoetsu Plant in Joetsu City, Niigata Prefecture.

German chemical company Evonik and Transferra Nanosciences, formerly known as Northern Lipids, have signed an asset purchase agreement to acquire the business and assets of the biotechnology company based in Burnaby close to Vancouver/Canada. Both parties have agreed to not disclose the purchase price. The transaction is scheduled to close at the end of July 2016.

Exxon Mobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum.