Archives :: Business & Economics

Displaying 1 - 20 of 2947 stories.
November 1, 2014
The preliminary value for the August CE Plant Cost Index (CEPCI; the most recent available) rose 0.35% from the final July value, continuing a string of five consecutive monthly increases...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Current-economic-trends_12297.html
October 17, 2014
Citing recent data from the U.S. Federal Reserve (Washington, D.C.; www.federalreserve.gov), the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) said that overall industrial production, as well as production within the chemical industry rose in September.   In the latest ACC Weekly Chemistry and Economic...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-industrial-production-and-chemical-production-rose-in-Sept-ACC-says_12293.html
October 16, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) and Archroma (Reinach, Switzerland www.archroma.com) have agreed on the sale of BASF’s global textile chemicals business to Archroma, a supplier of specialty chemicals to the textile, paper and emulsions industries. Archroma is a portfolio company of SK Capital Partners, a private investment firm with focus on the specialty materials, chemicals and...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-to-divest-global-textile-chemicals-business-to-Archroma_12288.html
October 16, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) will start operations in a new plant to produce ingredients for customers in the cosmetic and consumer goods industries in Americana (São Paulo state, Brazil). This is another step in the specialty chemicals company’s expansion of its market position in the dynamically growing Brazilian and South American markets. In the future, the plant will...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-opens-new-production-facility-in-Brazil_12289.html
October 14, 2014
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Pemex Refinacion for an ultra-low sulfur diesel (ULSD) project at the Salina Cruz refinery, Oaxaca, Mexico. Foster Wheeler’s scope of work, which also includes start-up and...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-EPC-contract-for-Clean-Fuels-Project-at-Salina-Cruz_12283.html
October 14, 2014
CB&I (The Woodlands, Rex.; www.cbi.com) has been awarded a contract by Shandong Sincier Petrochemical Co. for the license and engineering design of a gasification unit to be built near Dongying, Shandong...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-lands-gasification-technology-contract-in-China_12284.html
October 9, 2014
Clariant AG (Muttenz, Switzerland; www.clariant.com) will build a new production facility at its Tangerang site in Indonesia to support regional demands in the personal and home care industry. The overall investment of approx. CHF17 million in combined...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-invests-in-personal-and-home-care-segments-in-Asia_12281.html
October 9, 2014
CB&I (The Woodlands, Tex.; www.cbi.com) today announced Chevron Lummus Global, a joint venture between CB&I and Chevron, has been awarded a contract in excess of $100 million by Bahrain Petroleum Co. (Bapco). The scope of work includes the license of its LC-Fining and IsoCracking technologies and engineering...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-announces-technology-award-in-the-Kingdom-of-Bahrain_12282.html
October 8, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) has officially opened a new production line to manufacture surface-treated fumed silica under the Aerosil brand name. The new line will be located at Evonik’s Rheinfelden, Germany site, which will boost their global production capacity for these products by 25%. Aerosil specialty silica grades enhance the properties of high-performance adhesives...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-boosts-capacity-for-special-silicas-at-its-Rheinfelden-site_12277.html
October 7, 2014
M+W Group (Stuttgart, Germany; www.mwgroup.net), one of the world’s leading high-tech engineering and construction companies, has been awarded a major order from Merck KGaA (Darmstadt, Germany; www.merckgroup.com) for its new pharmaceutical facility in China. The site, with around 40,000 m2, is located in the Nantong Economical Technological...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/M+W-Group-receives-contract-for-Mercks-new-pharmaceutical-facility-in-China_12274.html
October 7, 2014
BASF India Ltd. today inaugurated its large-scale chemical production complex at Dahej in Gujarat, India. With a project cost of INR 1,000 crore (approximately €150 million), the site represents BASF’s single largest investment in India. The site was jointly inaugurated by Smt. Anandiben Patel, Hon’ble Chief Minister of Gujarat; Shri Saurabhbhai Patel, Hon’ble Minister for Finance...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-inaugurates-chemical-complex-in-India_12275.html
October 7, 2014
Borealis AG (Vienna, Austria; www.borealisgroup.com) plans to partner with Neste Oil and Veolia in a joint venture (JV) to modernize and operate the power plant in the Kilpilahti petrochemical cluster in Porvoo, Finland. Designed to meet demanding European emissions requirements, the power plant will supply Borealis’ integrated petrochemical complex in Porvoo with safe, reliable and sustainable...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/New-Borealis-JV-delivers-safe-and-reliable-energy-supplies-in-Porvoo_12276.html
October 3, 2014
Shale-gas-driven investment in the U.S. by chemical companies continues to expand, according to records maintained by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The current list of chemistry industry projects totals 208, up from 188 in July. The cumulative...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Chemical-industry-expansion-continues-but-equities-slip-slightly-ACC-says_12271.html
October 2, 2014
Parker Hannifin Corp. (Cleveland, Ohio; www.parker.com), a global leader in motion and control technologies, today announced the formal opening of its world-class Polymer Innovation Center at the Parflex Division in Ravenna, Ohio. The Parflex Division designs and manufactures thermoplastic and fluoropolymer hose, tubing and accessories that provides unique solutions for application market segments such as...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Parker-opens-Parflex-Polymer-Innovation-Center_12269.html
October 1, 2014
Plant Watch Lanxess expands new plant for inorganic pigments in Ningbo September 11, 2014 — Lanxess AG (Cologne, Germany; www.lanxess.com) is adding a mixing and milling plant to the pigment plant already under construction in Ningbo, China. The new pigment plant will have an initial capacity of 25,000 metric tons per year (m.t./yr) of iron oxide red pigments. The mixing and milling plant will have a...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Eastman-to-acquire-specialty-chemicals-company-Taminco-for-$2-8-billion-and-more-business-news_12212.html
October 1, 2014
The preliminary value for the July CE Plant Cost Index (CEPCI; the most recent available) rose 0.14% from the final June value, making it the fourth consecutive monthly gain. The Equipment...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Current-Trends_12197.html
September 30, 2014
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says that its joint venture (JV) with AMEC and Balfour Beatty has been selected by Sellafield Ltd. to deliver its Box Encapsulation Plant (BEP) project in West Cumbria, U.K. Sellafield officials noted that the potential value range of the framework agreement is between $380 million (£240 million) and $540 million (£336...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Jacobs-JV-selected-for-Sellafield-Framework_12261.html
September 29, 2014
After having worked together for years across the globe, GEA Process Engineering (Søborg, Denmark; www.gep.com) announces the acquisition of Scan-Vibro A/S from Svendborg in Denmark. The acquisition is a perfect match and the plan is to further grow and develop the company and its business using the synergies achievable through being a part of the GEA organization. Scan-Vibro has been a long-time...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/GEA-acquires-Scan-Vibro_12254.html
September 26, 2014
Specialty chemical market volumes were flat in the U.S. for August, after gains in June and July, according to the latest weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C....
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Specialty-chemical-market-volumes-flat-in-August-ACC-says_12253.html
September 24, 2014
ThyssenKrupp Industrial Solutions AG (Essen, Germany; www.thyssenkrupp-industrial-solutions.com) is making its Steam Active Reforming (STAR) process available to Formosa Plastics Corp. (FPC) for a propane dehydrogenation (PDH) plant in Texas. The PDH plant is to be built at the petrochemical complex in Point Comfort. The contract awarded to ThyssenKrupp Industrial Solutions includes licensing, basic...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ThyssenKrupp-Industrial-Solutions-awarded-planning-contract-for-PDH-plant-in-Texas_12236.html
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