Suez Environnement, Europe’s second-biggest water company, and Chinese partners agreed to build an incinerator near Shanghai to treat hazardous and medical waste that will generate steam and supply energy.
BASF SE predicts annual earnings to rise this year after the world’s biggest chemical maker posted fourth-quarter profit that beat analyst estimates on increased demand for catalysts and coatings from the car industry.
Asian stocks advanced, with the regional benchmark gauge ending at a six-week high, as telecommunications companies led gains. Japanese shares rose after the yen weakened and an advisory committee said the world’s largest pension fund doesn’t need a domestic-bond focus.
Borealis AG, the Abu Dhabi-owned maker of chemicals, is already benefiting from rival Ineos Group Holdings Ltd.’s plans to import cheaper ethane into Europe, even though the first tankers won’t dock for another year, according to Chief Executive Officer Mark Garrett.
Evonik Industries AG Chief Executive Officer Klaus Engel expects the German chemical industry to grow in 2011 even with an imminent economic slowdown, Deutsche Presseagentur reported, citing a statement.
Bloomberg BNA – Chicago Mayor Rahm Emanuel expanded his public health campaign against petroleum coke and coal, vowing to introduce an ordinance that will ban new storage and processing facilities, and prohibit any expansion of existing facilities.