Archives :: Business & Economics

Displaying 61 - 80 of 2919 stories.
June 30, 2014
Ineos (www.ineos.com) will acquire BASF SE’s (Ludwigshafen, Germany; www.basf.com) 50% share in Styrolution, a joint venture between the companies. The purchase price to be paid by Ineos amounts to €1.1 billion. A call option in favor of Ineos to buy BASF’s share in Styrolution was already included in the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Ineos-to-acquire-BASFs-share-in-Styrolution_11949.html
June 26, 2014
Specialty chemical market volumes in the U.S. rose 0.6% in May, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The May gain follows a 0.1% rise in April and a 1.1% rise in March.   Of the 28 specialty market segments monitored by ACC, 20 expanded in May, ACC...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-specialty-chemical-market-volumes-rose-in-May-ACC-report-says_11943.html
June 26, 2014
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a definitive agreement with Ineos to create a strong player in chlorovinyls, to be named Inovyn. The joint venture (JV) is expected to be effective by year-end following the divestments required by the European Commission. Until completion, Solvay and Ineos will continue to run their businesses separately. "Thanks to this...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Solvay-and-Ineos-to-create-chlorovinyls-producer-Inovyn_11940.html
June 25, 2014
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Glencore Oil Projects AG for the engineering and material supply of a steam reformer heater for hydrogen production for the Orsknefteorgsyntez Refinery at Orsk, Russia. The value of Foster...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-contract-for-steam-reformer-heater-in-Russia_11933.html
June 25, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Nyrstar, a global integrated mining and metals company, to provide Outotec Ausmelt technology to the Port Pirie redevelopment in South Australia. Outotec will provide a technology licence, engineering, proprietary equipment and advisory services for the redevelopment of Nyrstar Port Pirie into an advanced metals recovery-and-refining facility...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-to-provide-smelting-technology-for-Nyrstars-Port-Pirie-redevelopment-in-Australia_11934.html
June 25, 2014
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says that it was awarded a contract to support Ashta Chemicals Inc. in making significant upgrades to its chlorine and potassium-based chemicals plant located in Ashtabula, Ohio. Company officials did...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Jacobs-Awarded-Contract-by-Ashta-Chemicals_11939.html
June 24, 2014
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), continued its upward growth this month, with a 0.5% gain from May. Measured on a three-month moving average (3MMA), the CAB’s 0.5% gain beat the average first quarter monthly gains of 0.3%. Though the pace of growth has slowed significantly...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/CAB-economic-indicator-gains-0-5-percent-in-June_11931.html
June 23, 2014
Oxea (Oberhausen, Germany; www.oxea-chemicals.com) says that its specialty esters plant in Nanjing, China, is now mechanically complete. After a construction period of slightly more than...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Oxea-completes-specialty-esters-plant-in-Nanjing_11898.html
June 20, 2014
The U.S. Chemical Production Regional Index (U.S. CPRI) was 0.4% higher in May, following a 0.6% gain in April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Chemical...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-and-global-CPRIs-rise-in-May-ACC-says_11897.html
June 20, 2014
ExxonMobil Chemical Co. (Houston; www.exxonmobile.com) says that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Tex., complex and associated premium product facilities in nearby Mont Belvieu. This project, and major investments ExxonMobil has made to develop oil and natural-gas resources in the U.S., including the merger with XTO Energy, demonstrates the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ExxonMobil-Chemical-Co-begins-multi-billion-dollar-expansion-project-in-Baytown_11896.html
June 18, 2014
Lanxess AG (Cologne, Germany; www.lanxess.com) has completed the expansion of its Baypren polychloroprene solid rubber production operations in Dormagen, Germany. Werner Breuers, member of the Lanxess AG Board of Management, and Jan Paul de Vries, head of Lanxess’ High Performance Elastomers business unit, officially inaugurated the new production line today, Wednesday. It uses the innovative dry...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-opens-new-rubber-production-line-in-Dormagen_11893.html
June 17, 2014
Novasep (Pompey, France; www.novasep.com), a leading supplier of services and technologies to the life science industries, today announces that its Shanghai-based Asia Pacific subsidiary has secured an engineering, procurement and construction (EPC) contract with Tay Ninh Chemical Industry (Tanichem), a joint stock company between Vietnam National Chemical Group (Vinachem) and Tay Ninh...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Novasep-MIE-consortium-to-construct-the-first-sorbitol-production-plant-in-Vietnam_11889.html
June 16, 2014
Kobe Steel, Ltd. (Tokyo, Japan; www.kobelco.com) announces that its subsidiary company, Kobelco Machinery do Brazil Ltda., has begun full-scale marketing of nonstandard compressors in the South America. Based in Sao Paulo, Kobelco Machinery do Brazil (KMB) is Kobe Steel’s first location established in Brazil. In recent years, Brazil has been vigorously pursuing marine resource development. High...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Kobe-Steels-compressor-company-opens-in-Brazil_11886.html
June 13, 2014
Citing data from the U.S. Census Bureau, the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) said the wholesale trade in chemicals was up 1.1% in April to $11.1 billion, while inventories also rose by 0.8%. The data were included in ACC’s most recent Weekly Chemistry and Economic Report.   The inventory-to-sales ratio held steady...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Wholesale-trade-in-chemicals-rose-in-April-ACC-report-says_11884.html
June 6, 2014
The S&P index for chemical companies was up 8.5% from the beginning of 2014, while the wider and more diverse S&P 500 index was up 4.1% over the same time period, according to data discussed in the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).  ...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Chemical-equity-gains-beat-general-stocks-so-far-in-2014-ACC-says_11873.html
June 3, 2014
Solvay S.A. (Brussels, Belgium; www.solvay.com) has opened its new Research & Innovation (R&I) center at Ewha Womans University (Seoul, South Korea), putting the Group in a prime position to work closely with key Asian customers and universities to develop products for the booming battery, electronics and car markets. The R&I center in Seoul is Solvay's fourth in Asia and will employ some 60...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Solvay-opens-R-and-I-center-at-Koreas-Ewha-Womans-University_11865.html
June 3, 2014
The Linde Group (Pullach, Germany; www.linde.com) and BASF SE (Ludwigshafen, Germany; www.basf.com) intend to cooperate in developing and licensing processes for the on-purpose production of linear butenes and butadiene. BASF has developed process technology and catalysts as well as the extraction technologies, while Linde is providing its expertise for the integration, optimization and commercialization...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Linde-and-BASF-intend-to-jointly-develop-on-purpose-butadiene-technology_11866.html
June 2, 2014
On May 20, a foundation stone laying ceremony was held at the construction site of a new methanol ammonia co-production plant for the petrochemical company Shchekinoazot - one of the largest producers of chemicals in Russia. The new plant, which is located in the Tula region of Russia, will be the first ever in the world using Haldor Topsoe...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Topsoe-lays-foundation-for-first-ever-integrated-methanol-and-ammonia-plant-in-Russia_11864.html
June 1, 2014
Cost estimation is a critical dimension of project planning in asset-heavy industries such as the chemical process industries (CPI). Construction cost indices are useful tools in cost estimation and are used to compare plant construction costs from one time period to another. Understanding them can improve the accuracy of the cost estimates, as well as the effectiveness with which they are applied. This...
http://www.chemengonline.com/business_and_economics/cost_engineering/Construction-Cost-Indices_11829.html
June 1, 2014
The 86-SS below-the-hook drum lifter (photo) is made from 304 stainless steel and provides lifting services for a wide range of industries, including construction, marine...
http://www.chemengonline.com/business_and_economics/packaging_transportation_and_logistics/A-stainless-steel-drum-lifter-that-provides-ample-support_11817.html
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