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Haldor Topsoe and Ferrostaal to form joint venture
FOCUS catalysis systems. The main emphasis of research is on fundamental and industrially relevant challenges such as the use of carbon dioxide as a synthesis building block or more efficient amination reactions. The proximity of CaRLa to BASF's research laboratories and Heidelberg University offers ideal background conditions for outstanding catalysis research and rapid knowledge transfer from principle-based research to industry. The international reputation also draws on a large number of high level scientific publications and positive evaluations from the years 2009 and 2014. Original Source: BASF, 25 Mar 2015 (Website: http://www.basf.com/) © BASF 2015
Haldor Topsoe and Ferrostaal to form joint venture On 27 Mar 2015, Ferrostaal GmbH, a leading global project developer for industrial plants, and Haldor Topsoe A/S, a world leader in catalysis and related process technologies, announced the establishment of Ferrostaal Topsoe Projects GmbH, a new joint venture that will be based in Essen, Germany, and owned with equal shares by the two companies. The new company will position itself as a leading player in developing, financing, and realizing major industrial projects in the petrochemical, refining, and environmental sectors. The joint venture is subject to approval from the regulatory authorities. Original Source: Haldor Topsoe, 27 Mar 2015 (Website: http://www.topsoe.com/) Haldor Topsoe A/S 2015
Annual report 2014: another year with solid progress for Haldor Topsoe On 27 Mar 2015, Haldor Topsoe presented its financial performance for 2014. In 2014 revenue increased by 6% to DKR 5685 M compared to DKR 5348 M in 2013, while the company realized an operating profit (EBIT) of DKR 563 M. This corresponds to an EBIT margin of 9.9% and was achieved in spite of an incurred loss of DKR 151 M related to the closure of the subsidiary Haldor Topsoe Fuel Cell A/S. Adjusting for this item and a warranty provision change in May 2015
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2013, EBIT increased by DKR 118 M or 20% compared to 2013. Moreover, the closure of Topsoe Fuel Cell is set to increase the free cash flow from 2015 onwards, freeing capital for use in other investments and projects. During 2014, Topsoe's catalyst revenue increased by 13% compared to 2013, driven by strong demand for the company's refining catalysts as well as other areas. The increase in catalyst revenue, however, was offset by a decrease in technology revenue by 10% compared to 2013, which is largely made up of engineering services, equipment, and licensing. Consequently, total year-on-year revenue growth was somewhat lower than targeted reflecting the cyclical nature of the industries that Topsoe operate in. EBIT decreased 20% to DKR 563 M corresponding to an EBIT margin of 9.9% (2013: DKR 701 M and an EBIT margin of 13.1%). CAPEX decreased by 11% and amounted to DKR 639 M (2013: DKR 721 M). Two new production lines in Frederikssund, Denmark, and Houston, TX, Topsoe's two primary production sites, were completed in 1H 2014. In 2014 additional CAPEX has been spent on the establishment of two new production sites in China and Brazil. At the end of 2014, Topsoe employed 2737 employees globally, which represents an increase of 8% compared to end-2013. Original Source: Haldor Topsoe, 27 Mar 2015 (Website: http://www.topsoe.com/) © Haldor Topsoe A/S 2015
Sinopec Engineering Group and ExxonMobil Research and Engineering Company announce joint technology development agreement On 30 Mar 2015, Sinopec Engineering (Group) Co Ltd (SEG) and ExxonMobil Research and Engineering Company (EMRE) announced that they are participating in a cooperative development agreement for advancement of fluid bed methanol-to-gasoline (MTG) technology. The agreement will leverage the two companies' expertise and experience in methanol conversion to gasoline and fluid bed technology development to refine and commercialize a fluid bed version of MTG technology. The two companies
are developing the technology under the cooperative development agreement with the intent to globally license the technology. Original Source: Sinopec, 30 Mar 2015 (Website: http://www.sinopecgroup.com/ english/) © Sinopec 2015
BASF launches next-generation PremAir NXT catalytic coating technology A next-generation PremAir NXT catalytic coating technology has been introduced by BASF. PremAir NXT is designed to help automotive producers meet new US Tier 3 and California LEV III regulations. Dangerous ground-level ozone is converted into oxygen with the use of the PremAir NXT solution. Original Source: Coatings World, Mar 2015, 20 (3), 83-84 (Website: http://www.coatingsworld. com) © Rodman Media 2015
NEW PLANTS Albemarle and ASOS to collaborate on fluid catalytic cracking (FCC) catalyst facility in the Middle East On 12 Mar 2015, Albemarle Corporation, a leader in the global speciality chemicals industry, announced that it has entered into discussions with its Middle Eastern partner Ali & Sons Oilfield Supplies & Services Co (ASOS) to construct a manufacturing facility for fluid catalytic cracking (FCC) catalysts and additives in Abu Dhabi, UAE. Abu Dhabi represents the ideal site for the proposed facility because it would allow Albemarle to meet rapidly growing regional demand for refinery catalyst solutions and would provide an unmatched security of supply for existing customers in the Middle East. The facility would manufacture Albemarle's value-added AFX catalysts, which promote increased propylene yield from resid feedstocks. Original Source: Albemarle, 12 Mar 2015 (Website: http://www.albemarle.com/) © Albemarle Corporation 2015. Original Source: Albemarle Corporation, 2015. Found on PR Newswire, 12 Mar 2015 (Website: http://www.prnewswire.com)
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Haldor Topsoe and Ferrostaal to form joint venture On 27 Mar 2015, Ferrostaal GmbH, a leading global project developer for industrial plants, and Haldor Topsoe A/S, a world leader in catalysis and related process technologies, announced the establishment of Ferrostaal Topsoe Projects GmbH, a new joint venture that will be based in Essen, Germany, and owned with equal shares by the two companies. The new company will position itself as a leading player in developing, financing, and realizing major industrial projects in the petrochemical, refining, and environmental sectors. The joint venture is subject to approval from the regulatory authorities. Original Source: Haldor Topsoe, 27 Mar 2015 (Website: http://www.topsoe.com/) Haldor Topsoe A/S 2015
Annual report 2014: another year with solid progress for Haldor Topsoe On 27 Mar 2015, Haldor Topsoe presented its financial performance for 2014. In 2014 revenue increased by 6% to DKR 5685 M compared to DKR 5348 M in 2013, while the company realized an operating profit (EBIT) of DKR 563 M. This corresponds to an EBIT margin of 9.9% and was achieved in spite of an incurred loss of DKR 151 M related to the closure of the subsidiary Haldor Topsoe Fuel Cell A/S. Adjusting for this item and a warranty provision change in May 2015
ON
C ATA LY S T S
2013, EBIT increased by DKR 118 M or 20% compared to 2013. Moreover, the closure of Topsoe Fuel Cell is set to increase the free cash flow from 2015 onwards, freeing capital for use in other investments and projects. During 2014, Topsoe's catalyst revenue increased by 13% compared to 2013, driven by strong demand for the company's refining catalysts as well as other areas. The increase in catalyst revenue, however, was offset by a decrease in technology revenue by 10% compared to 2013, which is largely made up of engineering services, equipment, and licensing. Consequently, total year-on-year revenue growth was somewhat lower than targeted reflecting the cyclical nature of the industries that Topsoe operate in. EBIT decreased 20% to DKR 563 M corresponding to an EBIT margin of 9.9% (2013: DKR 701 M and an EBIT margin of 13.1%). CAPEX decreased by 11% and amounted to DKR 639 M (2013: DKR 721 M). Two new production lines in Frederikssund, Denmark, and Houston, TX, Topsoe's two primary production sites, were completed in 1H 2014. In 2014 additional CAPEX has been spent on the establishment of two new production sites in China and Brazil. At the end of 2014, Topsoe employed 2737 employees globally, which represents an increase of 8% compared to end-2013. Original Source: Haldor Topsoe, 27 Mar 2015 (Website: http://www.topsoe.com/) © Haldor Topsoe A/S 2015
Sinopec Engineering Group and ExxonMobil Research and Engineering Company announce joint technology development agreement On 30 Mar 2015, Sinopec Engineering (Group) Co Ltd (SEG) and ExxonMobil Research and Engineering Company (EMRE) announced that they are participating in a cooperative development agreement for advancement of fluid bed methanol-to-gasoline (MTG) technology. The agreement will leverage the two companies' expertise and experience in methanol conversion to gasoline and fluid bed technology development to refine and commercialize a fluid bed version of MTG technology. The two companies
are developing the technology under the cooperative development agreement with the intent to globally license the technology. Original Source: Sinopec, 30 Mar 2015 (Website: http://www.sinopecgroup.com/ english/) © Sinopec 2015
BASF launches next-generation PremAir NXT catalytic coating technology A next-generation PremAir NXT catalytic coating technology has been introduced by BASF. PremAir NXT is designed to help automotive producers meet new US Tier 3 and California LEV III regulations. Dangerous ground-level ozone is converted into oxygen with the use of the PremAir NXT solution. Original Source: Coatings World, Mar 2015, 20 (3), 83-84 (Website: http://www.coatingsworld. com) © Rodman Media 2015
NEW PLANTS Albemarle and ASOS to collaborate on fluid catalytic cracking (FCC) catalyst facility in the Middle East On 12 Mar 2015, Albemarle Corporation, a leader in the global speciality chemicals industry, announced that it has entered into discussions with its Middle Eastern partner Ali & Sons Oilfield Supplies & Services Co (ASOS) to construct a manufacturing facility for fluid catalytic cracking (FCC) catalysts and additives in Abu Dhabi, UAE. Abu Dhabi represents the ideal site for the proposed facility because it would allow Albemarle to meet rapidly growing regional demand for refinery catalyst solutions and would provide an unmatched security of supply for existing customers in the Middle East. The facility would manufacture Albemarle's value-added AFX catalysts, which promote increased propylene yield from resid feedstocks. Original Source: Albemarle, 12 Mar 2015 (Website: http://www.albemarle.com/) © Albemarle Corporation 2015. Original Source: Albemarle Corporation, 2015. Found on PR Newswire, 12 Mar 2015 (Website: http://www.prnewswire.com)
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