Petrochemical

Active hurricane forecast again threatens Louisiana industry

Tropical weather and climate researchers at Colorado State University are predicting 17 named storms, eight hurricanes and four major hurricanes in 2021, reports S&P...

ExxonMobil considers sale of elastic polymer business

ExxonMobil is exploring the sale of its Advanced Elastomer Systems division, potentially valuing the elastic polymer maker at around $800 million including debt, Reuters reports. The...

Cabot Corp. completes air emissions project in Franklin

Cabot Corporation announced April 1 that it had successfully completed a major air emissions control project at its carbon black manufacturing facility in Franklin,...

ExxonMobil plans $334M expansion at Baton Rouge chemical plant

ExxonMobil is planning to invest $334 million on  expansion and maintenance projects at its Baton Rouge chemical plant on Scenic Highway, according to an advance...

ExxonMobil creates carbon capture business unit

ExxonMobil Corp. says the time has come to turn capturing carbon emissions into a real business, as it faces pressure from activists to become...

The big freeze: Dow, Formosa and others still contending with fallout

Dow Chemical, Formosa Plastics, Lotte Chemical, Shell and Sasol are among the petrochemical producers in Louisiana still contending with the impact of freezing temperatures...

Stepan Company acquires Louisiana fermentation plant

Stepan Company last week announced it has closed on the acquisition of a shuttered  fermentation plant in Lake Providence. Financial terms of the transaction were...

Ingevity expanding Louisiana facility, upping polyol production by 40%

Ingevity Corporation is adding caprolactone polyol production capabilities at its facility in DeRidder. The North Charleston, South Carolina based company said in an announcement late...

Sasol: No share sale necessary after first-half profits triple

Sasol Ltd has retreated from a potential $2 billion share sale and announced that its first-half profit has more than tripled, marking the highest...

Crest Industries starting new specialty chemicals company in Louisiana

Crest Industries is creating a new specialty chemicals company that will manufacture innovative products at the Central Louisiana Regional Port in Alexandria. Crest Industries will...

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