Archives :: Business & Economics

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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
September 23, 2014
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), and released today, continued to see an easing of growth this month, with a 0.1 percent gain over August as measured on a three-month moving average (3MMA). Growth for the third quarter stands at an average monthly gain of 0.2 percent compared to...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Pace-of-growth-slows-for-leading-economic-indicator-for-second-consecutive-month-ACC-says_12211.html
September 23, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has signed a contract with Norilsk Nickel for the delivery of minerals processing technology and equipment to the Bystrinskoe copper concentrator in the Chita Region...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-to-deliver-minerals-processing-technology-to-Norilsk-Nickel-in-Russia_12210.html
September 23, 2014
Fluor Corp. (Irving, Tex.; www.fluor.com) was awarded an engineering, procurement, fabrication and construction contract by Fort Hills Energy L.P. for the utilities scope of the Fort Hills oil sands mining project. The project is located about 90 km north of Fort McMurray in Alberta, Canada. Fluor booked the contract for $1.3 billion in the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Fluor-secures-Canadian-oil-sands-contract_12235.html
September 22, 2014
On September 15, Sulzer Ltd. (Winterthur, Switzerland; www.sulzer.com) agreed to acquire Advanced Separation Company B.V. (ASCOM) and ProLabNL B.V., (both Arnhem, the Netherlands). These acquisitions expand the offering of the division Sulzer Chemtech for gas-liquid and liquid-liquid separation technologies and position it as a major player in the market. ASCOM’s portfolio covers gas-liquid...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Sulzer-strengthens-its-position-in-the-oil-and-gas-market_12206.html
September 22, 2014
Merck KGaA (Darmstadt, Germany; www.merckgroup.com) Sigma-Aldrich (St. Louis, Mo.; www.sigma-aldrich.com) have entered into a definitive agreement under which Merck will acquire Sigma-Aldrich for $17.0 billion (€13.1 billion), establishing one of the leading players in the $130 billion global life science industry. Merck will acquire all of the outstanding shares of Sigma-Aldrich for $140 per share in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Merck-KGaA-to-acquire-Sigma-Aldrich-for-$17-billion_12208.html
September 22, 2014
Siemens AG (Munich, Germany; www.siemens.com) executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand (Houston), which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover bid. Siemens’ bid is unanimously supported by...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Siemens-to-acquire-Dresser-Rand-for-$7-6-billion_12209.html
September 19, 2014
Both the U.S. and the Global Chemical Production Regional Index (CPRI) rose in August, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   In the U.S., the CPRI rose 0.5% in August, the ACC report says, a gain that follows a 0.4% rise in July. “Chemical...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-and-Global-CPRI-expanded-in-August-ACC-says_12204.html
September 19, 2014
Mitsubishi Hitachi Power Systems (MHPS; Yokohama, Japan; www.mpshq.com) has received an order from ENEA Wytwarzanie S.A., a power producer in Poland, for two sets of selective catalytic reduction (SCR) deNOx system for installation at Units 1 and 2 of the company's Power Station in Kozienice. These high-performance systems reduce emissions of NOx (oxides of nitrogen) by more than 80%. They are scheduled to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/MHPS-receives-order-for-DeNOx-system-in-Poland_12202.html
September 16, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has opened a new office in Manila, the Philippines, as part of the company's expansion in the Asia Pacific (APAC) region. The new office was inaugurated by Stuart Sneyd, president of Outotec's APAC region, in the presence of customers, ministries and industry associations. The Philippines is ranked as the fifth most mineralized country in the world and has...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-opens-office-in-Manila_12188.html
September 16, 2014
Technology, engineering and project management company Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and Borealis (Vienna, Austria; www.borealisgroup.com) have signed an agreement for Neste Jacobs to deliver the EPCM (engineering, procurement...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Neste-Jacobs-to-implement-Borealis-steam-cracker-upgrade-in-Sweden_12189.html
September 15, 2014
The Organization for Economic Co-operation and Development (OECD; Paris; www.oecd.org) released its global composite leading indicator (CLI) for July, and the data “point to stable growth momentum in most major economies,” according to the latest Weekly...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Global-leading-economic-indicator-points-to-stable-growth-ACC-report-says_12187.html
September 12, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Cobre del Mayo on the delivery of full anode conversion of the Piedras Verdes copper electrowinning plant in Mexico. The delivery will include over 6,000 of the new mixed metal oxide coated titanium anodes. The order value is less than €10 million. Cobre del Mayo's refinery at Piedras Verdes in Sonora, the heart of Mexico's copper...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-delivers-coated-titanium-anodes-to-copper-tankhouse-in-Mexico_12185.html
September 11, 2014
Specialty chemicals group Lanxess AG (Cologne, Germany; www.lanxess.com) is strengthening its production network in China to meet the high level of demand for iron oxide pigments and is adding a mixing and milling plant to the pigment plant already under construction in Ningbo. Lanxess is creating a total of roughly 200 new jobs with these two plants. Potential customers for the iron oxide pigments are the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-expands-new-plant-for-inorganic-pigments-in-Ningbo_12177.html
September 11, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today announced the start-up of a new butadiene extraction plant at its Verbund site in Antwerp, Belgium. The plant has an annual production capacity of 155,000 metric tons (m.t.). The plant in Antwerp is BASF’s second butadiene extraction plant in Europe. BASF already operates a butadiene extraction plant at its Verbund site in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-starts-up-butadiene-extraction-plant-in-Antwerp_12178.html
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