Archives :: Business & Economics

Displaying 141 - 160 of 2927 stories.
March 31, 2014
Samsung Engineering Co., (Seoul, South Korea; www.samsungengineering.com) has officially announced that it was awarded the North (Hammar Mishrif) New Degassing Station Facilities contract for the ENI Zubair Oil Field Development project in Iraq, worth $840 million. The development of the Zubair Field is led by Eni (32.8%) with Occidental Petroleum Corp. (23.4%), Korea Gas Corp. (18.8%) and Iraq's state-run...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Samsung-Engineering-signs-oil-field-development-contract-in-Iraq_11653.html
March 31, 2014
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract valued in excess of $40 million by Oman Oil Refineries and Petroleum Industries Co. (Orpic) to provide ethylene technology and front end...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-awarded-contract-for-plastics-project-in-Oman_11656.html
March 27, 2014
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Shandong Sincier Petrochemical Co. for the license and engineering design of a grassroots propane and butane dehydrogenation unit to be built in Dongying, Shandong Province, China. The unit will use the Catofin dehydrogenation...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-awarded-Catofin-technology-project-in-China_11646.html
March 27, 2014
Clariant (Muttenz, Switzerland; www.clariant.com) and Petronas Technology Ventures Sdn Bhd (PTVSB; Kuala Lumpur, Malaysia; www.petronas.com.my), a technology commercialization arm of Petronas, today announced that they have entered into a licensing Term Sheet Agreement. The licensing collaboration term sheet was formalized at a signing ceremony held today at the Kuala Lumpur Convention Centre, in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-and-Petronas-sign-licensing-collaboration_11647.html
March 25, 2014
Repsol’s (Madrid, Spain) Chemicals Division (www.chemicals.repsol.com) has entered into an agreement to license Chevron Phillips Chemical’s proprietary technology for production of metallocene-based polyethylene resins. Repsol will be implementing this technology in its existing integrated site...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Repsol-enters-metallocene-license-agreement_11644.html
March 25, 2014
Sandvik Process Systems (SPS; Fellbach, Germany; www.processsystems.sandvik.com), a world leading supplier of sulfur processing & handling solutions for the oil-and-gas industry, has expanded its product portfolio by purchasing the proprietary technology and knowhow of the Brimrock Group Inc. (Calgary...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Sandvik-expands-its-sulfur-technology-portfolio_11645.html
March 24, 2014
JGC Corporation JGC Corp. (Yokohama, Japan; www.jgc.co.jp) and its partners GS Engineering & Construction (GS) and SK Engineering & Construction, both based in Korea, announced today that they received award notification by Kuwait National Petroleum Company (KNPC) to provide engineering, procurement...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/JGC-awarded-EPC-contract-for-clean-fuels-project-in-Kuwait_11637.html
March 24, 2014
Bayer MaterialScience AG (Leverkusen, Germany; www.materialscience.bayer.de) is increasing its production capacities in the Asia/Pacific region to meet the continued growth in demand there for raw materials for coatings and adhesives. Ground was broken at the site in Shanghai, China, on Monday for a new plant for the production of the precursor hexamethylene diisocyanate (HDI). With an annual capacity of...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Bayer-expands-production-for-coating-raw-materials-in-China_11638.html
March 24, 2014
Velocys plc (Plain City, Ohio; www.velocys.com) has entered a joint venture (JV) with Waste Management (www.wm.com), NRG Energy (NRG; www.nrgenergy.com), and Ventech Engineers International (Ventech; www.ventech-eng.com) to develop gas-to-liquids (GTL) plants in the U.S. and other select geographies. The JV will pursue the development of multiple plants utilizing a combination of renewable biogas...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/GTL-joint-venture_11639.html
March 24, 2014
The member companies of the Large Industrial Plant Manufacturers ́ Group (AGAB) at the German Engineering Federation (VDMA; Frankfurt am Main, Germany; www.vdma.org) booked orders worth €21.2 billion in 2013, a 3% increase year-on-year (2012: €20.5 billion). The industry is continuing to experience a fundamental shift in the business environment. “To an increasing extent, customers expect...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/German-Engineering-and-Construction-staying-competitive-in-a-volatile-environment_11640.html
March 21, 2014
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) grew 0.3% in February. Following flat growth in January due to harsh winter weather, February’s CPRI showed growth in six out of seven regions. There was a modest decline in the Gulf Coast compared to January, but this was offset by gains in other...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-chemical-production-expanded-in-February-ACC-says_11634.html
March 14, 2014
Wholesale trade in chemicals grew 1.4% in the U.S. in January, to $10.8 billion, while inventories fell 1.3% to $12.6 billion, according to the most recent Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   As a result of the January rise in...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-wholesale-chemical-trade-grows-OECD-leading-indicator-steady-ACC-says_11591.html
March 14, 2014
Novo Nordisk A/S (Bagsværd, Denmark; www.novonordisk.com) is increasing its drug development capacity by investing 550 million Danish kroner ($100 million) in a new research and development facility in Bagsværd, Denmark. The purification plant will expand the company’s capacity to produce active pharmaceutical...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Novo-Nordisk-invests-in-new-purification-pilot-plant-in-Denmark_11587.html
March 14, 2014
On February 15, 2014, Kreisel GmbH & Co. KG (Krauschwitz, Germany; www.kreisel.eu) took over the business of the insolvent Schäffer Verfahrenstechnik GmbH & Co. KG in Thierhaupten near Augsburg. The approximately 30 employees will retain their jobs in the newly founded Schäffer Verfahrenstechnik GmbH. In this way, the planning, design and manufacturing of sophisticated bulk material...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Kreisel-strengthens-its-position-in-southern-Germany-_11588.html
March 13, 2014
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by S-OIL Corporation for the front-end engineering design (FEED) for a residue upgrading project at S-OIL’s Onsan...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-FEED-contracts-by-S-OIL-for-residue-upgrading-project_11582.html
March 13, 2014
KBR (Houston; www.kbr.com) says that Agrium awarded the company two engineering, procurement and construction (EPC) contracts for a new grassroots urea plant and to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/KBR-awarded-EPC-contracts-for-Agriums-nitrogen-operations-Facility_11583.html
March 13, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) will build the world's first plant for the production of Aquavi Met-Met — a new source of methionine specially developed for shrimp and other crustaceans — in Antwerp, Belgium. Aquavi Met-Met is added to the feed used in aquacultures. The plant is scheduled to commence operation in late 2015. The investment volume is in the lower...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-invests-in-innovative-methionine-source-for-shrimp_11584.html
March 10, 2014
The JPMorgan Global Manufacturing PMI (purchasing manager's index) rose 0.3 points to 53.3 in February, a 34-month high, according to the latest Weekly Economic and Chemistry report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).   The global PMI has signaled expansion in each of the last 15 months, and has maintained a generally upward trend since...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Global-manufacturing-index-rose-in-February-ACC-report-says_11578.html
March 10, 2014
Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) officially opened a large extension of the company's catalyst plant in Frederikssund, Denmark. This plant and a plant in Houston, Texas, constitute the company's two primary facilities globally. The extension, representing an investment in excess of DKK 300 million (nearly $56 million), consists of the addition of a new production unit (called P6)...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Haldor-Topsøe-expands-its-Frederikssund-catalyst-plant_11579.html
March 7, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today inaugurated a new global Research and Development (R&D) Center at its Thane site in Navi Mumbai, India, focusing on organic synthesis, advanced process and formulation research, discovery chemistry for modern agricultural solutions, and molecular modeling. With an initial investment of €2 million, this new facility has been set up by BASF under...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-opens-global-R-and-D-center-in-Mumbai_11576.html
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