Business & Economics Archives - Chemical Engineering https://www.chemengonline.com/category/business-economics/ Chemical Engineering essentials for the global chemical processing industries (CPI) Wed, 13 May 2026 17:02:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 UPM acquires intellectual property from Avatium for bio-based glycols https://www.chemengonline.com/upm-acquires-intellectual-property-from-avatium-for-bio-based-glycols/ https://www.chemengonline.com/upm-acquires-intellectual-property-from-avatium-for-bio-based-glycols/#respond Wed, 13 May 2026 17:02:32 +0000 https://www.chemengonline.com/?p=328432 Materials company UPM (Helsinki, Finland; www.upm.com) today announced that it has reached an agreement with Avantium N.V. (Amsterdam, the Netherlands; www.avantium.com) to acquire the intellectual property related to Avantium’s Ray Technology®, a process for the production of bio-based mono-ethylene glycol (MEG) and mono-propylene glycol (MPG) from plant-based sugars. The transaction comprises Avantium’s patent portfolio and […]

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]]> https://www.chemengonline.com/upm-acquires-intellectual-property-from-avatium-for-bio-based-glycols/feed/ 0 Technip Energies completes project to modernize ethane furnaces in steam cracker https://www.chemengonline.com/technip-energies-completes-project-to-modernize-ethane-furnaces-in-steam-cracker/ https://www.chemengonline.com/technip-energies-completes-project-to-modernize-ethane-furnaces-in-steam-cracker/#respond Tue, 12 May 2026 18:06:26 +0000 https://www.chemengonline.com/?p=328377 Technip Energies (Nanterre, France; www.ten.com) successfully completed the Shell Skyline project at Shell Chemicals Park Moerdijk, Netherlands, modernizing the 16 oldest ethane furnaces of the steam cracker. The Engineering, Procurement and module Fabrication contract consisted in doubling the capacity of each furnace by using a multi-lane coil design. As a result, the total number of […]

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]]> https://www.chemengonline.com/technip-energies-completes-project-to-modernize-ethane-furnaces-in-steam-cracker/feed/ 0 Protected: Risk-Reduction Strategies with Material Selection for AI Data Center Cooling Systems https://www.chemengonline.com/risk-reduction-strategies-with-material-selection-for-ai-data-center-cooling-systems/ https://www.chemengonline.com/risk-reduction-strategies-with-material-selection-for-ai-data-center-cooling-systems/#respond Thu, 07 May 2026 14:53:19 +0000 https://www.chemengonline.com/?p=327997 There is no excerpt because this is a protected post.

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]]> https://www.chemengonline.com/risk-reduction-strategies-with-material-selection-for-ai-data-center-cooling-systems/feed/ 0 Evonik and Imubit start pilot for industrial AI applications in Singapore https://www.chemengonline.com/evonik-and-imubit-start-pilot-for-industrial-ai-applications-in-singapore/ https://www.chemengonline.com/evonik-and-imubit-start-pilot-for-industrial-ai-applications-in-singapore/#respond Mon, 04 May 2026 21:42:35 +0000 https://www.chemengonline.com/?p=327674 Evonik (Essen, Germany; www.evonik.com) and Imubit (Houston, Tex.; www.imubit.com) started a pilot collaboration to evaluate advanced industrial artificial intelligence (AI) applications within Evonik’s facility in Singapore. The open-loop pilot will assess model-driven insights to support operating strategy execution in a production use case.  Initiated by Evonik’s Advanced Process Innovation team in Singapore, the pilot is […]

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]]> https://www.chemengonline.com/evonik-and-imubit-start-pilot-for-industrial-ai-applications-in-singapore/feed/ 0 Economic sentiment for chemical manufacturers improves despite higher costs, ACC says https://www.chemengonline.com/economic-sentiment-for-chemical-manufacturers-improves-despite-higher-costs-acc-says/ https://www.chemengonline.com/economic-sentiment-for-chemical-manufacturers-improves-despite-higher-costs-acc-says/#respond Fri, 01 May 2026 15:58:47 +0000 https://www.chemengonline.com/?p=327268 Overall economic sentiment for U.S. chemical manufacturers rose in Q1 2026, with several indexes reaching their highest levels since the survey’s inception back in Q1 2023, according to the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) latest Chemical Manufacturing Economic Sentiment Index (ESI). Indexes for new orders, order backlogs, production and capacity utilization all jumped […]

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]]> https://www.chemengonline.com/economic-sentiment-for-chemical-manufacturers-improves-despite-higher-costs-acc-says/feed/ 0 Chemical Engineering Business News: May 2026 https://www.chemengonline.com/chemical-engineering-business-news-may-2026/ https://www.chemengonline.com/chemical-engineering-business-news-may-2026/#respond Fri, 01 May 2026 00:00:00 +0000 https://www.chemengonline.com/?p=326211 Nouryon expands production capacity for colloidal silica in China; Linde to construct new ASU in North Carolina; TotalEnergies and Masdar form $2.2-billion renewable-energy JV; BASF to sell Aseptrol chlorine dioxide business to Oxidium

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]]> https://www.chemengonline.com/chemical-engineering-business-news-may-2026/feed/ 0 Refiners Pursue Flexibility Amid Economic Headwinds https://www.chemengonline.com/refiners-pursue-flexibility-amid-economic-headwinds/ https://www.chemengonline.com/refiners-pursue-flexibility-amid-economic-headwinds/#respond Fri, 01 May 2026 00:00:00 +0000 https://www.chemengonline.com/?p=326214 Petroleum refiners are taking steps to support and increase operational flexibility and business agility as logistical challenges and economic headwinds build, and policy certainty is difficult to find Amid

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]]> https://www.chemengonline.com/refiners-pursue-flexibility-amid-economic-headwinds/feed/ 0 Evonik opens laboratory for PEEK applications in electric motors https://www.chemengonline.com/evonik-opens-laboratory-for-peek-applications-in-electric-motors/ https://www.chemengonline.com/evonik-opens-laboratory-for-peek-applications-in-electric-motors/#respond Wed, 29 Apr 2026 20:56:13 +0000 https://www.chemengonline.com/?p=327141 Evonik (Essen, Germany; www.evonik.com) has announced the opening of its PEEK Rectangular Magnet Wire Lab during an inaugural ceremony at the CHINAPLAS international exhibition for the plastics and rubber industry. Built to serve the needs of major Chinese and Asian markets, the lab will focus on research and innovation for polyether ether ketone (PEEK) powder-based […]

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]]> https://www.chemengonline.com/evonik-opens-laboratory-for-peek-applications-in-electric-motors/feed/ 0 2026 CEPCI updates: February (prelim.) and January (final) https://www.chemengonline.com/2026-cepci-updates-february-prelim-and-january-final/ https://www.chemengonline.com/2026-cepci-updates-february-prelim-and-january-final/#respond Mon, 27 Apr 2026 16:03:59 +0000 https://www.chemengonline.com/?p=326730 The preliminary value for the CE Plant Cost Index (CEPCI) for February 2026 (most recent available) rose slightly compared to the previous month’s value. The most current increase is the sixth consecutive monthly rise, and pushes the CEPCI value to levels that exceed the previous highs observed in the wake of the COVID-19 pandemic. The […]

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]]> https://www.chemengonline.com/2026-cepci-updates-february-prelim-and-january-final/feed/ 0 Dow and RDM Group collaborate on food packaging made with recycled fiber and plastic https://www.chemengonline.com/dow-and-rdm-group-collaborate-on-food-packaging-made-with-recycled-fiber-and-plastic/ https://www.chemengonline.com/dow-and-rdm-group-collaborate-on-food-packaging-made-with-recycled-fiber-and-plastic/#respond Mon, 27 Apr 2026 15:58:09 +0000 https://www.chemengonline.com/?p=326725 Dow Chemical Co. (Midland, Mich.; www.dow.com), a global materials science company, and RDM Group (Milan, Italy; www.rdmgroup.com), a leading producer of recycled cartonboard, today announced the launch of Multiboard CirculaRR, a breakthrough solution that advances circularity in food barrier packaging. The innovation is suitable for food-contact applications, including frozen foods such as fish and cakes […]

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