Archives :: Business & Economics

Displaying 181 - 200 of 2978 stories.
April 10, 2014
Stamicarbon B.V. (Sittard, the Netherlands; www.stamicarbon.com), the Licensing and IP Center of Maire Tecnimont Group. (www.mairetecnimont.com), has signed a license agreement with Dakota Gasification Co. for the construction of a brownfield urea melt, granulation and DEF plant in Beulah, N.D. The urea plant will utilize Stamicarbon’s state-of-the-art Urea 2000Plus Pool Reactor technology. The...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Stamicarbon-signs-contract-for-urea-meltgranulation-plant-in-Bismark_11682.html
April 9, 2014
Clariant (Muttenz, Switzerland; www.clariant.com) and Ashland Inc. (Covington, Ky.; www.ashland.com) today announced that they have entered into a definitive agreement to sell their joint venture (JV), ASK Chemicals headquartered in Hilden, Germany, to investment funds affiliated with Rhône, a London and New York-based private equity investment firm. The enterprise value of the transaction before...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-and-Ashland-to-sell-ASK-Chemicals-JV-to-Rhone_11673.html
April 9, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) and Sinopec Corp. (Beijing, China; www.sinopec.com) today inaugurated two new plants for acrylic acid and superabsorbent polymers (SAP) at their state-of-the-art Verbund site, BASF-YPC Co., a 50-50 joint venture (JV) in Nanjing, China. Additionally, a new butyl acrylate plant will begin production later this year. The new plants will further strengthen the C3...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-and-Sinopec-inaugurate-acrylic-acid-and-SAP-plants-in-Nanjing_11674.html
April 9, 2014
Styron (Horgen, Switzerland; www.styron.com) says that it will convert its nickel butadiene rubber (Ni-BR) production train in Schkopau, Germany, to neodymium butadiene rubber (Nd-BR). Coupled with Styron’s existing leading technology in solution styrene butadiene rubber (SSBR), the Nd-BR offering will allow Styron to help customers around the world meet the increasing demand for green...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Styron-plans-to-convert-Ni-BR-rubber-production-line-to-Nd-BR_11675.html
April 8, 2014
CB&I (The Woodlands, Tex.; ) says that its Chevron Lummus Global joint venture has been awarded a contract valued in excess of $100 million. The scope of work includes the license, engineering design package and catalyst supply for three grassroots petroleum-refinery units to be located in China.One unit will utilize LC-MAX residue hydrocracking technology — the first commercialization for a grassroots...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-lands-refining-technology-award-in-China_11672.html
April 6, 2014
Ashland Specialty Ingredients, a commercial unit of Ashland Inc. (Covington, Ky.; www.ashland.com) held a grand opening ceremony for the opening of a new pharmaceutical center of excellence in Hyderabad, India. This is the ninth center of excellence that Ashland Specialty Ingredients has opened, and it joins Ashland’s global network of three-dozen research and development and technical centers. The...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Ashland-opens-new-center-of-excellence-in-Hyderabad_11669.html
April 3, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) and Toda Kogyo Corp. (Tokyo, Japan; www.todakogyo.co.jp), one of the industry leaders in the development and manufacture of cathode materials for lithium-ion batteries, have announced that they will enter exclusive...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-and-Toda-Kogyo-enter-negotiations-to-form-a-JV-for-CAMs_11666.html
April 2, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Orbite Aluminae Inc. on the delivery of a new calcination system for Orbite's high-purity alumina production facility located in Cap-Chat, Québec. The contract value is below €10 million and it has been booked in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-to-deliver-technology-for-high-purity-alumina-plant-in-Canada_11664.html
April 1, 2014
The piping and instrumentation diagram (P&ID) is often considered to be the gold standard for the proper design, operation and maintenance of plants in the chemical process industries (CPI), including chemical, oil-and-gas facilities, mining operations, food-processing plants, and water- and wastewater-treatment plants. The P&ID provides important information for manufacturing and installing...
http://www.chemengonline.com/business_and_economics/design_engineering_and_construction/Principles-of-P-and-ID-Development_11592.html
April 1, 2014
Plant Watch ExxonMobil to construct butyl rubber and hydrocarbon resin plants in Singapore March 6, 2014 — ExxonMobil Chemical Co. (Houston; www.exxonmobilchemical.com) plans to build facilities to manufacture halobutyl rubber and hydrogenated hydrocarbon resin at its petrochemical complex in Singapore. Engineering and procurement activities have begun, with construction expected to begin in the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ExxonMobil-to-construct-plants-in-Singapore-and-more-business-news_11631.html
April 1, 2014
  The annual 2013 CE Plant Cost Index (CEPCI) is available, and stands at 3.0% lower than the 2012 annual average value. However, the initial numbers for 2014 (January 2014 preliminary)...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Current-Trends_11633.html
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
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