Archives :: Business & Economics

Displaying 121 - 140 of 2949 stories.
May 20, 2014
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that PennTex Midstream Partners LLC (Houston) has selected UOP Russell to supply a gas processing plant to recover valuable natural gas liquids (NGLs) in northern Louisiana. The plant, which will process 200-million standard cubic feet per day of natural gas, will be in production in the first quarter of 2015. In addition, UOP...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/UOP-Russell-modular-equipment-to-process-natural-gas-in-Louisiana_11840.html
May 19, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) has commenced an integrated production complex for isophorone and isophorone diamine in Shanghai, China. The company has invested over €100 million in the facilities, which will have an annual output capacity of 50,000 metric tons. Construction in the Shanghai Chemical Industry Park (SCIP) took less than two years. Evonik primarily plans to use the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-starts-isophorone-facilities-in-China_11796.html
May 16, 2014
Intergraph Corp. (Huntsville, Ala.; www.intergraph.com) has released SmartPlant Fusion 2014, the latest version of its breakthrough solution for engineering, procurement and construction (EPC) companies and plant operators to rapidly find, capture, organize, link and visualize large volumes of information through a simple web portal. Trustworthy engineering data and documentation is essential to effective...
http://www.chemengonline.com/business_and_economics/design_engineering_and_construction/Intergraph-releases-SmartPlant-Fusion-2014_11790.html
May 16, 2014
Data from the Organization for Economic Co-operation and Development’s (OECD; Paris; www.oecd.org) composite leading indicator(CLI) for March show divergence, depending on the region, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   The CLI data “point to growth below trend in Brazil...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Regional-differences-in-latest-OECD-CLI-data-ACC-report-says_11793.html
May 13, 2014
The Babcock & Wilcox Company (B&W; Charlotte, N.C.; www.babcock.com) says that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has signed a definitive agreement to acquire industrial processes solutions provider MEGTEC based on an enterprise value of $155 million, subject to adjustment for MEGTEC’s cash and indebtedness and certain other closing items. MEGTEC...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/B-and-W-to-acquire-international-industrial-products-and-services-firm-MEGTEC_11786.html
May 12, 2014
The JPMorgan Global Manufacturing PMI (purchasing manager’s index) slipped 0.5 points to 51.9, signaling that the upturn in the global manufacturing sector continued to ease at the start of the second quarter, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). A reading above 50 for the index indicates...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Slip-in-Global-Manufacturing-PMI-signals-slower-rate-of-improvement-ACC-says_11782.html
May 12, 2014
Clariant (Munich, Germany; www.clariant.com) says that its Catofin catalyst will be used in a new grassroots iso-butane dehydrogenation unit commissioned by Shandong Chengtai Chemical Industry Co. CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded the contract for the license and engineering design of the new unit to be built in Changyi, Shandong...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-Catofin-catalyst-chosen-for-isobutylene-project-in-China_11781.html
May 8, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) and Yara (Osöo, Norway; www.yara.com) have made good progress with their plan to jointly build a world-scale ammonia plant on the U.S. Gulf Coast. The proposed plant would be located...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-and-Yara-plan-to-build-ammonia-plant-in-Freeport_11776.html
May 6, 2014
BASF SE (Ludwogshafen, Germany; www.basf.com) and Sinopec (Beijing, China; www.sinopec.com) will build a new world-scale production plant for Neopentylglycol (NPG) at their state- of-the-art Verbund site, BASF-YPC Co., a 50-50 joint venture in Nanjing, China. The plant...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-and-Sinopec-to-build-a-new-NPG-production-plant-in-Nanjing_11768.html
May 6, 2014
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has recently installed an air separation unit (ASU) for AGC Glass Europe, the world’s largest producer of flat glass. The state-of-the-art cryogenic Prism ON300 plant, now successfully operating at AGC’s Teplice factory in the Czech Republic, produces pure oxygen and nitrogen and represents a significant part of AGC’s rebuilt float...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Products-technology-supplies-gases-for-glass-factory-in-Czech-Republic_11771.html
May 2, 2014
The Global Chemical Production Regional Index (Global CPRI) rose 0.4% in March, on a three-month-moving-average basis, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   Production gains in the Western Europe, Asia-Pacific, and Africa...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Global-chemical-production-rose-in-March-ACC-data-say_11765.html
May 2, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast. The on-purpose production of propylene to supply the company’s North American operations would allow BASF to take advantage of low...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-evaluates-natural-gas-based-investment-in-the-U-S-_11762.html
May 1, 2014
FRI is lucky to have survived a simple valve-tray project. A few years ago, the low-pressure (LP) test column stood empty, because there were no trays ready to be installed. The intention was to install a set of new valve trays of a very simple design, but when the column was empty, neither a design nor the actual trays existed. It took five months for the trays to be designed, drawn, fabricated, shipped...
http://www.chemengonline.com/business_and_economics/project_mgmt/Plan-and-re-plan_11736.html
May 1, 2014
Plant Watch Lanxess inaugurates new high-tech plastics plant in Brazil April 10, 2014 — Lanxess AG (Cologne, Germany; www.lanxess.com) inaugurated its new high-tech plastics plant in Porto Feliz, Brazil. The company has invested around €20 million in the facility, which will initially have a capacity of 20,000 metric tons per year (m.t./yr). In the new plant, polyamide and polybutylene...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Borealis-invests-in-capacity-expansion-for-crosslinked-polyethylene-and-more-business-news_11737.html
May 1, 2014
The CE Plant Cost Index (CEPCI) preliminary value for February 2014 (the most recent available) is 0.4% higher than the final values from January. The Equipment, Labor, Buildings and...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Current-Economic-Trends_11698.html
April 29, 2014
Bayer MaterialScience AG (Leverkusen, Germany; www.materialscience.bayer.de) has been issued the permit for the expansion and operation of its hydrochloric acid facility in Dormagen. The Cologne district authority issued the corresponding ruling on Tuesday following a detailed appraisal. The company can now move forward with the European-wide marketing of hydrochloric acid, which occurs as a by-product in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Bayer-to-expand-HCl-facility-in-Dormagen_11758.html
April 28, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) is investing in the technology startup Algal Scientific Corp. (Northville, Mich.; www.algalscientific.com). Evonik is part of an investors’ consortium that is investing more than $3 million in Series A financing round. Under the trade name Algamune, Algal markets 1,3-β-glucan, a polysaccharide that strengthens immune response. It is used as...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-invests-in-Algal-Scientific_11754.html
April 24, 2014
Most chemical processes are born in the laboratory. The challenge for engineers is to then convert the laboratory method into a large and economically sound industrial process. Unfortunately, many promising technologies never see the light of day; some because of perpetual piloting programs aimed at solving minute process issues, others due to unanticipated technical problems resulting from fast-tracking...
http://www.chemengonline.com/business_and_economics/cost_engineering/Scaleup-Options-and-Risk_11748.html
April 24, 2014
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption, desorption and recovery (ADR) facility at AngloGold Ashanti Corp.’s Cripple Creek...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-contract-for-U-S-gold-facility_11746.html
April 24, 2014
Meredian, Inc. (Bainbridge, Ga.; www.meredian.com), a privately held biopolymer manufacturer, and Tate & Lyle Plc (London, U.K.; www.tateandlyle.com), a leading global provider of specialty food ingredients and...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Meredians-PHA-ready-for-commercial-scale-production_11747.html
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