Chemical Production Facilities News

The chemical tankers market is projected to grow from USD 26.63 billion in 2017 to USD 33.11 billion by 2022, at a CAGR of 4.5% between 2017 and 2022, said a research report. The flourishing chemical industry and increasing use of water transportation for transferring chemicals from one place to another across the globe are the major driving factors for the growth of the chemical tankers market, said Report Linker. Chemical tankers market includes revenues earned through shipping of chemicals and related products. The growth of the chemical tankers market is expected to be adversely impacted by the political unrest in the Middle East & Africa region as this region is one of the leading markets for chemical tankers.

IHC Lagersmit acquires ATEX 95 certificate for its LIQUIDYNE pump shaft seal. IHC Lagersmit, part of IHC Merwede, has acquired the ATEX 95 registration for its LIQUIDYNE pump shaft seal. This registration signifies compliance with the European guidelines, which must be met in order for equipment to be used in potentially explosive atmospheres. The ATEX 95 registration has been issued by DEKRA Certification, which judged and approved the Technical Construction File for the LIQUIDYNE series, types LDS, L2T and L3T.