Archives :: Business & Economics

Displaying 121 - 140 of 2963 stories.
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
June 1, 2014
Plant Watch Kemira to build sodium chlorate plant for pulp mill in Brazil May 9, 2014 — Kemira Oyj (Helsinki, Finland; www.kemira.com) will supply sodium chlorate to Klabin’s new pulp mill in Paraná, Brazil. Kemira will build, own and operate the sodium chlorate plant, which is scheduled to begin production during the first half of 2016. BASF and Yara plan to build ammonia plant in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/AkzoNobel-inaugurates-membrane-electrolysis-plant-in-Germany-and-more-business-news_11838.html
June 1, 2014
The preliminary value for the March CE Plant Cost Index (CEPCI) fell 0.6% from the final February value. The decline was driven by lower Equipment and Construction Labor subindices. The...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Current-Economic-Trends_11795.html
May 30, 2014
Market volumes for U.S. specialty chemicals were flat in April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The flat result in April followed a 1.3% gain in March and 0.3% gain in February.   In April, 10 of the 28 specialty chemical market...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Specialty-chemical-market-volumes-were-flat-in-April-ACC-report-says_11861.html
May 29, 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 by Marubeni Corp. for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan. The value of Foster Wheeler’s contract...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-contract-for-steam-reformer-heater-in-Kazakhstan_11858.html
May 28, 2014
The Dow Chemical Company (Midland, Mich.; www.dow.com) has awarded Fluor Corp. (Irving, Tex.; www.fluor.com) the engineering, procurement and construction (EPC) contract for its reverse osmosis (RO) manufacturing facility in the Kingdom of Saudi Arabia. Located in Jubail Industrial City II at the Sadara Chemical Co. complex, the facility will locally manufacture high-tech RO elements that purify water for...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Dow-awards-Fluor-EPC-contract-for-Saudi-RO-membrane-manufacturing-facility_11855.html
May 27, 2014
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), has reached its highest peak since February 2008, while also posting its highest year-over-year gain since September 2010. Measured on a three-month moving average (3MMA) basis, the CAB realized a healthy 0.8% gain over April, and is up a solid...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Economic-expansion-expected-through-years-end-ACCs-CAB-suggests_11852.html
May 26, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today announced the construction of a new plant for polyalkylene glycol (PAG)-based lubricants at its Ludwigshafen site. The manufacturing facility will start operations by the beginning of 2016 and produce PAG lubricant base stocks and formulated blends. With this double-digit million-euro investment BASF continues...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-to-build-new-PAG-plant-in-Ludwigshafen_11851.html
May 23, 2014
Both the Global and the U.S. Chemical Production Index (CPRI) rose during April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; ).  Both the Global and the U.S. Chemical Production Index (CPRI) rose during April, 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/Global-and-U-S-CPRIs-rose-in-April-ACC-says_11850.html
May 22, 2014
UOP LLC (Des Plaines, Ill.; www.uop.com) , a Honeywell company, announced that Guangdong Peng Zun Energy Development Co., a Chinese petrochemical producer, has selected Honeywell’s UOP C3 Oleflex process technology to convert propane to propylene, a valuable petrochemical used in plastics production. This will be the first propane dehydrogenation project in the Southern Guangzhou region, which is a...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/UOP-Oleflex-technology-selected-for-another-propylene-project-in-China_11842.html
May 20, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today announces the launch of commercial production of LFP (lithium iron phosphate) cathode materials in Weimar, Germany. BASF is operating a 3,000 metric ton (m.t.) per year plant in Weimar, leveraging LFP precursors produced at the BASF headquarters site in Ludwigshafen. IBU-Tec, a specialist in rotary kiln technology and systems, is carrying out operations...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-to-produce-LFP-cathode-materials-in-Germany_11839.html
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
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