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Argonaut forms consortium to develop automated process development instrument
FOSTER CITY, California (November 5, 2001) - Argonaut Technologies has formed a new consortium comprised of two major pharmaceutical and specialty chemical companies with the aim of developing a state-of-the-art, multi-channel synthesizer for chemical process optimization. Joining in the collaboration are Pfizer and ICI.
According to Argonaut it's new process chemistry system will be designed to deliver a fully automated process development solution with each participating company receiving one or more of the development tools at the end of the collaboration.
"We are excited about working with these world-class organizations and their leading chemists to define the next generation of process development instruments," said Lissa Goldenstein, Argonaut's President and CEO. "Consortium members' input is vital to our development process and helps ensure that Argonaut meets the needs of our customers right from the start. Our previous consortia have proven that this methodology produces better, more cost-effective products for the market."
"This new process chemistry system hopes to combine the parallel throughput of our Surveyor with the control and analytical capabilities of our CLARK," said Dennis Dye, Argonaut's Vice President of Instrumentation. "One of the features anticipated to be integrated into this tool is in-situ analytical techniques under pilot plant-like conditions. This may help our customers refine and perfect their processes before they spend large amounts of money on physical plant and equipment."
"The Argonaut consortium provides ICI with a unique opportunity to help develop a state-of-the-art computerized, multi-reactor unit for synthesizing polymers at a useful scale for screening purposes," said Stephen Downing, Strategic Research Manager at ICI Paints. "Argonaut has thought quite deeply about the design of both the hardware and software and is listening to the customer's needs for combining functionality, capability and user-friendliness at an affordable cost. This new system should automate current processes and generate useful data for developing new formulations and processes."
CoolCan Technologies Inc. - Enters Into Funding Agreement CALABASAS, Calif.--Oct. 29, 2001--CoolCan Technologies Inc. (the "Company") announced today that it has entered into a funding agreement with Bay Financial S.A. ("Bay Financial"), a shareholder of the Company. Under the terms of the funding agreement, Bay Financial will have the right to provide up to $1,000,000 US of funding on a private placement basis in tranches over the next 12-month period. Air Liquide launches FabNet online access to TGCM customer supportDALLAS (October 29, 2001) - Air Liquide America (airliquide.com) has released its on-site service management system, FabNet. The system is designed to provide customers and Air Liquide America’s Total Gas and Chemicals Management (TGCM) employees with one-station access to aggregated data from various sources to support their operational business needs. Omnexus to form strategic alliance with The Society of the Plastics IndustryZURICH, Germany (October 26, 2001) – Omnexus (omnexus.com), an e-marketplace serving the plastics industry, has announced its intent to form a strategic alliance with The Society of the Plastics Industry. Solvay Minerals Inc. Names Carl Martin North American Business Manager for Solvay Performance ChemicalsHOUSTON--Oct. 29, 2001--Solvay Minerals Inc. announces the appointment of Carl Martin to the position of north american business manager for its marketing unit, Solvay Performance Chemicals Inc., effective Oct. 1, 2001, according to Richard L. Hogan, president. In this position, Mr. Martin is responsible for marketing products produced by Solvay Performance Chemicals' Barium/Strontium Strategic Business Unit. AT Plastics Reports Third Quarter ResultsBRAMPTON, Ontario--Oct. 30, 2001-- Third Quarter EBITDA from continuing operations up 38% from Q2 2001 -- AT Plastics benefiting from reduced feedstock costs and restructuring initiatives -- Successfully completed $35 million share issue -- On track to complete balance of restructuring plan: sell Packaging business and restructure debt. Air Products: Tight deadlines, big requirementsPHILADELPHIA – When David Beltz, Manager of B2B integration services for Air Products and Chemicals, wants to determine which e-channels to use to connect with a customer, he uses a simple two-by-two grid that ranks a customer’s technical sophistication against its network potential. To the Editor,As you rightly point out in your Oct 25 editorial entitled "Win/Win, Lose/Lose," the marketing spin and posturing of public marketplaces and consortia in the chemical industry are being tested by end users that want to maintain their competitive edge and receive a fast ROI. To the Editor,My views might not be considered neutral, with OxyChem's equity participation in Envera, but "Hub-to-Hub" connectivity was always in Envera's plans. As a founding Envera member and as an early adopter of B2B connectivity utilizing XML (in production since November 1999) OxyChem strongly endorses the need for "Hub-to-Hub" connectivity, both inter- and intra-Industry. Consider the real flywheel effects of connecting two hubs within the Chemical sector. In addition here are four thoughts on why this would be a positive step: ChemSW introduces new version of its Sample Tracking and Inventory SoftwareFAIRFIELD, California (October 29, 2001) - ChemSW chemsw.com has introduced a new Oracle version of STIS Sample Tracking and Inventory System, for the monitoring of samples and work throughout the laboratory. STIS is designed to enable users to register samples, create work lists, assign tests, enter test results and check progress and status, with complete audit trail and reporting. According to ChemSW, tests can be assigned to a single sample or to a batch of samples at once. BP Completes Deal To Strengthen Core Polymers BusinessesLONDON (November 1, 2001) - BP has completed its deal with Solvay, announced in December 2000, significantly strengthening its core polyolefins businesses in Europe and the USA. Buckeye Enters Joint Venture With Z Pellet EnterprisesMEMPHIS, Tenn. Nov. 1, 2001--Buckeye Technologies Inc. announced today that it has entered into a joint venture with Z Pellet Enterprises, Inc. of Weldon, N.C. The new venture will focus on expanding the market for FuzZpellets, a pelleted cottonseed dairy feed. The new joint venture, CottonFeed, LLC, will provide marketing, manufacturing and process technology expertise to third party manufacturers who will produce the product. American Vanguard Announces Record Third Quarter ResultsNEWPORT BEACH, Calif.-- Nov. 1, 2001--American Vanguard Corporation today reported financial results for the third quarter and nine months ended September 30, 2001. BP Solvay Polyethylene North America Names Foster Brown PresidentHOUSTON--Nov. 1, 2001--Foster Brown has been named president of BP Solvay Polyethylene North America, a new joint venture for the production of high density polyethylene (HDPE) between Solvay Polymers Inc. and BP Amoco Polymers Inc., effective Nov. 1, 2001. Hyprotech Appoints New President for European Headquarters; Cesc Batlle to Lead Hyprotech's Europe, Middle East and African OperationsCALGARY, Alberta, Canada--Nov. 2, 2001--Hyprotech is pleased to announce the appointment of Mr. Cesc Batlle as president of Europe, Middle East and Africa (EMEA), heading up the company's European Operations. Batlle's primary role will be to assure customer satisfaction and growth within EMEA, as well as to continue to provide a challenging and rewarding environment for all Hyprotech employees in the region. Airgas Completes Sale of Two Nitrous Oxide Plants and Related BusinessRADNOR, Pa.--Nov. 2, 2001--Airgas, Inc. announced today the completion of the sale of two nitrous oxide production facilities and related business to Air Liquide America Corporation. The transaction, which was originally announced on October 3, received provisional approval from the Federal Trade Commission last Friday. Rohm and Haas Acquires Flexible Packaging Adhesives Business From Benjamin MoorePHILADELPHIA, Nov. 2 -- Rohm and Haas Company announced today the acquisition of the flexible packaging adhesives business of Technical Coatings Co., a subsidiary of Benjamin Moore & Co. of New Jersey. The transaction price was not disclosed. Celanese Chemicals to Shut Down Its Vinyl Acetate Unit in Edmonton. Cangrejera VAM Unit to Remain OperationalDALLAS, Nov. 2 -- As part of the company's ongoing performance and process improvement efforts, Celanese Chemicals, the chemicals business of Celanese AG, has announced it will shut down its 85,000 ton capacity VAM unit in Edmonton, Canada by the first quarter of 2002. Chase Corporation Acquires TapecoatBRIDGEWATER, Mass.--Nov. 2, 2001--Chase Corporation today announced that it has concluded the purchase of certain assets of Tapecoat, a Division of TC Manufacturing Co., Inc. of Evanston, Illinois. Tapecoat is a provider of protective coatings for the transportation, marine and geo-synthetics industries and for underground oil, gas and water pipelines. Tapecoat is expected to report sales of about $9 million for 2001. The company recently celebrated its 60th anniversary. Hercules Executive Officers File CertificationWILMINGTON, Del.-- Aug. 19, 2002--Hercules Incorporated today filed its Quarterly Report on Form 10-Q for the second quarter 2002. Rohm and Haas Temporarily Reduces Supply Of Methyl Methacrylate Monomer (MMA)PHILADELPHIA, Aug. 19 -- Rohm and Haas Company today said that an unexpected power outage damaged production equipment at its Deer Park, Texas, methyl methacrylate (MMA) facility and caused the company to temporarily reduce its supply of that raw material. The company said it expects to restore production within the week and return to full supply levels within 8 weeks.
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