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PR Newswire | January 14, 2020
The new LDPE unit had not yet achieved beneficial operation (BO) as planned for in December 2019. The unit was in the final stages of commissioning and startup when the incident occurred. The unit has been shut down and an investigation is underway to determine the cause of the incident, the extent of the damage and resulting impact on the LDPE unit's BO schedule. All other Lake Charles units and previously commissioned LCCP units, namely the ethane cracker, ethylene glycol/ethylene oxide an...
WVMetroNews | February 29, 2020
A Senate committee approved two bills representing tax credits aimed at West Virginia’s petrochemical industry. HB 4421, called the Natural Gas Liquids Economic Development Act, would provide a credit to businesses that store or transfer natural gas. The goal of the bill is to attract an ethane cracker plant or storage hub. HB 4019, called the Downstream Natural Gas Manufacturing Investment Tax Credit Act of 2020, would allow eligible taxpayers to take a credit against the portion of state...
Chemical Technology | January 13, 2020
German specialty chemicals company Lanxess has completed the sale of its chrome chemicals business to Chinese leather chemicals producer Brother Enterprises for €80m ($89m). The deal was first announced on 12 August last year, when the two companies signed an agreement. Lanxess noted that the transaction obtained all the necessary approvals from the relevant antitrust authorities. A part of Lanxess Leather business unit, the chrome chemicals business has been generating an annual revenue of...
Venturebeat | June 11, 2020
In a study published this week in the Journal of Medicinal Chemistry, researchers at Google, in collaboration with X-Chem Pharmaceuticals, demonstrated an AI approach for identifying biologically active molecules using a combination of physical and virtual screening processes. It led to the creation of the Chemome Initiative, which launches today — a collaboration between Google’s Accelerated Science team and startup ZebiAI that aims to enable the discovery of many more small molecul...
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