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Chemic Laboratories, Solvias AG | June 18, 2021
Solvias, one of the biggest independent analytical testing, contract research, development, and manufacturing companies, announced today the acquisition of Chemic Laboratories, Inc., headquartered in Canton, Massachusetts (Chemic). Solvias gains a solid footing in the United States and highly complementary laboratory testing capabilities as a result of this acquisition. Based in Boston's biopharmaceutical sector, Chemic increases Solvias' global footprint and offers integr...
Bloomberg Environment | February 26, 2020
Philadelphia leaders hope their attempt to ban hydrogen fluoride from oil refinery processes within city limits will spark other regulation of the chemical compound across the country. The city’s proposal comes after a fire and explosion at Philadelphia Energy Solutions’ Girard Point Refinery in June 2019, where 5,000 pounds of toxic hydrofluoric acid—a mixture of hydrogen fluoride (HF) and water—was released. No workers or residents were hurt, though the company has sinc...
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
Axalta | July 08, 2021
Axalta Coating Systems, a leading global supplier of liquid and powder coatings, announced today that it has entered into definitive agreements to acquire U-POL Holdings Limited from Graphite Capital Management LLP and other holders for £428 million (approximately $590 million), subject to certain adjustments stated in the transaction's Sale and Purchase Agreements. U-POL, located in the United Kingdom, was founded in 1948 and is a leading manufacturer of repair and refi...
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