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2015: process technologies segment
F O C U S c-LEcta and Purolite collaborate to market Calb Immo Plus immobilized enzyme c-LEcta GmbH and Purolite Corporation have entered into a joint development, manufacturing and marketing collaboration for a highperformance preparation of immobilized enzyme Candida antarctica lipase B (CalB). The enzyme is available immediately through Purolite and c-LEcta under the trade name of CalB immo Plus. CalB immo Plus is obtained by lipase adsorption immobilization on a highly hydrophobic carrier and is supplied as dry spherical beads. CalB immo Plus is suitable for a wide range of esterification and transesterification applications including its use in solvent-free systems as well as in organic solvents. CalB is a versatile biocatalyst used extensively for largescale production of cosmetic, personal care, and pharmaceutical ingredients, as well as food ingredients. Immobilized enzymes are well established as biocatalysts in these industries, and provide sustainability, process economy, easy separation from reaction mixtures and the ability to be reused for many reaction cycles. Original Source: Biospace, 1 Jul 2014, (Website: http://www.biospace.com)
Johnson Matthey: 1Q interim management statement 2014/2015: process technologies segment Johnson Matthey’s Process Technologies business had a softer 1Q 2014/2015 as a result of the timing of new projects and catalyst orders in its Chemicals businesses. The division’s sales were down 17% to £119 M (1Q 2013/2014 £144 M) and underlying operating profit was also lower. The Oil and Gas businesses performed well, supported by good demand for refinery catalysts and additives, although this was more than offset by lower catalyst sales and the continued slower pace of licensing activity in the Chemicals businesses. Two new licences, one for a substitute natural gas plant and one for an oleochemicals based process, were secured in the period. With catalyst orders in the Chemicals businesses expected to increase, the group
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anticipates that the division’s performance for 1H 2014 will be broadly in line with that of 1H 2013 and that the division will make progress in 2014/2015. Original Source: Johnson Matthey, website: http://www.matthey.com (23 Jul 2014) © Johnson Matthey plc 2014
UOP Green Fuels Technology selected by Petrixo to produce renewable jet fuel and diesel UOP LLC, a Honeywell company, announced on 9 Jul 2014 that its green fuels process technology has been selected by Petrixo Oil & Gas to produce renewable jet fuel and renewable diesel at a new refinery to be built in Fujairah, United Arab Emirates. Petrixo will use UOP Renewable Jet Fuel process technology to process approximately 500,000 tonne/y of renewable feedstocks into renewable jet fuel and renewable diesel, also known as Honeywell Green Jet Fuel and Honeywell Green Diesel. The process technology is capable of processing a variety of renewable feedstocks. Petrixo announced in early 2014 that it will invest $800 M to build the new refinery, which will have a design capacity of 1 M tonne/y of biofuel products, and will be the first commercial-scale renewable jet fuel production facility outside North America. Original Source: Honeywell, website: http://honeywell.com/ (9 Jul 2014) © Honeywell International Inc 2014
UOP helping meet petrochemicals demand in China On 23 Jun 2014, UOP LLC, a Honeywell company, announced that its licensee, China’s Wison (Nanjing) Clean Energy Co Ltd, has produced more than 360 M lbs of light olefins at a plant in Nanjing, China, using UOP’s breakthrough methanol-to-olefin (MTO) process technology. The plant, the first commercial-scale facility to use the UOP/Hydro MTO process technology, has been operating since Sep 2013 and is successfully meeting expectations for the quality and quantity of light olefins, as well as other performance criteria. The Wison plant has an annual production capacity of
300,000 tonne/y of ethylene and propylene. UOP provided technology licences, basic engineering, catalysts, adsorbents, speciality equipment, and technical services for the plant. The UOP/Hydro MTO process technology was successfully demonstrated in a semi-commercial-scale unit built and operated by Ineos (then Norsk-Hydro). The Total-UOP OCP process technology was developed jointly by UOP and Total Petrochemicals and demonstrated in an integrated MTOOCP semi-commercial-scale unit built and operated by Total in Feluy, Belgium. Since 2011, UOP has announced four licences for MTO technology in China. Shandong Yangmei Hengtong Chemicals Co Ltd, expected to start up in late 2014, will use the technology to produce 295,000 tonne/y of ethylene and propylene, and Jiutai Energy (Zhungeer) Co, expected to start up in 2015, will use it to produce 600,000 tonne/y of ethylene and propylene. Jiangsu Sailboat Petrochemical Chemicals is also building what is expected to be the largest single-train MTO unit in the world, producing 833,000 tonne/y of ethylene and propylene. Original Source: Honeywell, website: http://honeywell.com/ (23 Jun 2014) © Honeywell International Inc 2014
Grace reports 2Q 2014 adjusted EPS of $1.22: key figures WR Grace & Co has announced 2Q 2014 net income of $136.2 M, or $1.77/diluted share. Net income for 2Q 2013 was $90.3 M, or $1.16/diluted share. Adjusted EPS was $1.22/diluted share, unchanged from 2Q 2013. Net sales of $838.0 M increased 4.4% compared with 2Q 2013. Adjusted EBIT of $166.1 M increased 8.3% from 2Q 2013. The UNIPOL Polypropylene Process Technology licensing and catalysts business acquired in Dec 2013 contributed approximately $10.6 M to adjusted EBIT after acquisition-related costs of approximately $1 M. Adjusted EBIT margin of 19.8% increased 70 basis points compared with 2Q 2013. Adjusted EBIT return on invested capital was 27.4% on a trailing fourquarter basis, unchanged compared with 31 Dec 2013. For 1H ended 30 Jun 2014, sales increased 4.6% to $1.58 bn. Acquisitions contributed SEPTEMBER 2014
Johnson Matthey: 1Q interim management statement 2014/2015: process technologies segment Johnson Matthey’s Process Technologies business had a softer 1Q 2014/2015 as a result of the timing of new projects and catalyst orders in its Chemicals businesses. The division’s sales were down 17% to £119 M (1Q 2013/2014 £144 M) and underlying operating profit was also lower. The Oil and Gas businesses performed well, supported by good demand for refinery catalysts and additives, although this was more than offset by lower catalyst sales and the continued slower pace of licensing activity in the Chemicals businesses. Two new licences, one for a substitute natural gas plant and one for an oleochemicals based process, were secured in the period. With catalyst orders in the Chemicals businesses expected to increase, the group
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anticipates that the division’s performance for 1H 2014 will be broadly in line with that of 1H 2013 and that the division will make progress in 2014/2015. Original Source: Johnson Matthey, website: http://www.matthey.com (23 Jul 2014) © Johnson Matthey plc 2014
UOP Green Fuels Technology selected by Petrixo to produce renewable jet fuel and diesel UOP LLC, a Honeywell company, announced on 9 Jul 2014 that its green fuels process technology has been selected by Petrixo Oil & Gas to produce renewable jet fuel and renewable diesel at a new refinery to be built in Fujairah, United Arab Emirates. Petrixo will use UOP Renewable Jet Fuel process technology to process approximately 500,000 tonne/y of renewable feedstocks into renewable jet fuel and renewable diesel, also known as Honeywell Green Jet Fuel and Honeywell Green Diesel. The process technology is capable of processing a variety of renewable feedstocks. Petrixo announced in early 2014 that it will invest $800 M to build the new refinery, which will have a design capacity of 1 M tonne/y of biofuel products, and will be the first commercial-scale renewable jet fuel production facility outside North America. Original Source: Honeywell, website: http://honeywell.com/ (9 Jul 2014) © Honeywell International Inc 2014
UOP helping meet petrochemicals demand in China On 23 Jun 2014, UOP LLC, a Honeywell company, announced that its licensee, China’s Wison (Nanjing) Clean Energy Co Ltd, has produced more than 360 M lbs of light olefins at a plant in Nanjing, China, using UOP’s breakthrough methanol-to-olefin (MTO) process technology. The plant, the first commercial-scale facility to use the UOP/Hydro MTO process technology, has been operating since Sep 2013 and is successfully meeting expectations for the quality and quantity of light olefins, as well as other performance criteria. The Wison plant has an annual production capacity of
300,000 tonne/y of ethylene and propylene. UOP provided technology licences, basic engineering, catalysts, adsorbents, speciality equipment, and technical services for the plant. The UOP/Hydro MTO process technology was successfully demonstrated in a semi-commercial-scale unit built and operated by Ineos (then Norsk-Hydro). The Total-UOP OCP process technology was developed jointly by UOP and Total Petrochemicals and demonstrated in an integrated MTOOCP semi-commercial-scale unit built and operated by Total in Feluy, Belgium. Since 2011, UOP has announced four licences for MTO technology in China. Shandong Yangmei Hengtong Chemicals Co Ltd, expected to start up in late 2014, will use the technology to produce 295,000 tonne/y of ethylene and propylene, and Jiutai Energy (Zhungeer) Co, expected to start up in 2015, will use it to produce 600,000 tonne/y of ethylene and propylene. Jiangsu Sailboat Petrochemical Chemicals is also building what is expected to be the largest single-train MTO unit in the world, producing 833,000 tonne/y of ethylene and propylene. Original Source: Honeywell, website: http://honeywell.com/ (23 Jun 2014) © Honeywell International Inc 2014
Grace reports 2Q 2014 adjusted EPS of $1.22: key figures WR Grace & Co has announced 2Q 2014 net income of $136.2 M, or $1.77/diluted share. Net income for 2Q 2013 was $90.3 M, or $1.16/diluted share. Adjusted EPS was $1.22/diluted share, unchanged from 2Q 2013. Net sales of $838.0 M increased 4.4% compared with 2Q 2013. Adjusted EBIT of $166.1 M increased 8.3% from 2Q 2013. The UNIPOL Polypropylene Process Technology licensing and catalysts business acquired in Dec 2013 contributed approximately $10.6 M to adjusted EBIT after acquisition-related costs of approximately $1 M. Adjusted EBIT margin of 19.8% increased 70 basis points compared with 2Q 2013. Adjusted EBIT return on invested capital was 27.4% on a trailing fourquarter basis, unchanged compared with 31 Dec 2013. For 1H ended 30 Jun 2014, sales increased 4.6% to $1.58 bn. Acquisitions contributed SEPTEMBER 2014