Archives :: Business & Economics

Displaying 281 - 300 of 2953 stories.
October 28, 2013
EuroChem (Moscow, Russia; www.eurochem.ru), one of the world's largest fertilizer companies, today announces the launch of drilling and blasting operations at its phosphate rock development project in Kazakhstan. The large-scale development of the phosphate rock deposit is carried out by Kazakhstan- based EuroChem-Fertilizers LLP. The initial...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Eurochem-launches-mining-operations-in-Kazakhstan_11190.html
October 24, 2013
WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) announces the recent award of an engineering, procurement and construction management (EPCM) contract by Invista for the development of a new...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/WorleyParsons-awarded-detailed-EPCM-contract-by-Invista_11185.html
October 22, 2013
The partial shutdown of the federal government earlier this month didn’t take the steam out of the U.S. economy, according to the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) monthly Chemical Activity Barometer (CAB) released today. The CAB is a leading economic indicator, shown to lead U.S. business cycles by an average of eight months at cycle peaks, and...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/Chemical-Activity-Barometer-increased-during-September-ACC-says_11175.html
October 21, 2013
Teijin Ltd. (Tokyo, Japan; www.teijin.com) has established Teijin Corporation (Thailand) Ltd., a wholly owned subsidiary that will produce and sell newly developed meta-aramid fiber starting in July 2015. Production will be handled at a new facility to be constructed on the premises of Teijin (Thailand) Ltd. in Ayutthaya Province beginning this December. The company also will handle...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Teijin-establishes-new-Thai-subsidiary_11126.html
October 21, 2013
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that subsidiaries of its Global Engineering and Construction Group have been awarded contracts for the front-end engineering design (FEED) for Saudi Aramco’s Khurais Arabian Light Crude Increment Program in Saudi Arabia. The Foster Wheeler contract value was not...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Foster-Wheeler-awarded-FEED-contract-from-Khurais-in-Saudi-Arabia_11145.html
October 19, 2013
Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and Quangang Petroleum and Chemical Industry Park Management have signed Memorandum of Understanding (MoU) to cooperate in the fields of technology introduction...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Neste-Jacobs-signs-MoU-with-Quangang-Petroleum-and-Chemical-Industry-Park-in-China_11124.html
October 19, 2013
White Martins, the Brazil-based subsidiary of Praxair, Inc. (Danbury, Conn.; www.praxair.com), has started up a new 800-ton/d air-separation unit (ASU) in the state of Minas Gerais, located in southeastern Brazil. Under a long-term contract, Praxair’s new plant will supply industrial gases to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Praxair-starts-up-ASU-in-Brazil_11125.html
October 18, 2013
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by GS Caltex Corporation for the license, basic engineering and catalyst supply for a new para-xylene unit to be built in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-awarded-technology-contract-from-GS-Caltex_11122.html
October 18, 2013
UOP LLC (UOP; Des Plaines, Ill.; www.uop.com), a Honeywell company, and ExxonMobil Research and Engineering Co. (EMRE; Fairfax, Va.) have finalized a technology licensing agreement with a subsidiary of Gazprom Neft under Honeywell’s UOP and EMRE’s joint marketing alliance. The new technology will enable Gazprom to improve its production of refined distillates at its subsidiary, the Moscow Oil...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Gazprom-Neft-UOP-and-EMRE-finalize-technology-licensing-agreement_11123.html
October 16, 2013
Air Products (Lehigh Valley, Pa.; www.airproducts.com), and its subsidiary Air Products Canada Ltd., today announced plans to build, own and operate a new world-scale hydrogen production plant adjacent to Shell Canada’s Scotford facility located northeast of Edmonton, Alberta, Canada. The Air Products facility will produce over 150 million standard cubic feet per day (MMSCFD) of hydrogen and will be...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Products-to-build-new-world-scale-H2-plant-to-support-Shell-Scotford-facility_11119.html
October 16, 2013
Fluor Corp. (Irving, Tex.; www.fluor.com) says that its ICA Fluor industrial engineering-construction joint venture (JV) with Empresas ICA, S.A.B. de C.V. (BMV: ICA) signed a contract with Petroquimica Mexicana de Vinilo (PMV), a JV between Mexichem, the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ICA-Fluor-to-build-vinyl-chloride-monomer-plant-in-Mexico_11120.html
October 16, 2013
Technip (Paris, France; www.technip.com) was awarded a contract by Sasol to supply its proprietary ethylene technology and front-end...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Technip-awarded-contract-for-ethane-cracker-in-Louisiana_11121.html
October 15, 2013
Clariant (Muttenz, Switzerland; www.clariant.com) has signed an agreement to divest its Detergents & Intermediates business to International Chemical Investors Group (ICIG; Luxembourg; www.ic-investors.com). The total consideration of the sale amounts to CHF 58 million, out of which 20 million will be in cash at closing. The transaction is subject to regulatory approvals. “Having successfully...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-divests-Detergents-and-Intermediates-Business-to-ICIG_11116.html
October 15, 2013
Wison Engineering Services Co. Ltd. (Shanghai, China; www.wison.com), the largest private sector chemical engineering, procurement and construction management (EPC) service provider in China announced today that Wison Engineering Ltd., an indirectly non wholly-owned subsidiary of the company was awarded a procurement and construction contract by...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Wison-wins-contract-for-project-in-Venezuela_11117.html
October 15, 2013
Cooper Valves (Stafford, Tex.; www.coopervalves.com) says it has acquired Accuseal (Houston), the leading manufacturer of severe service metal-seated ball valves. The acquisition will strengthen Cooper Valves’ position within the severe-service valve market. Accuseal will conduct future...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Cooper-Valves-acquires-Accuseal_11118.html
October 14, 2013
Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) and E.ON, one of the world’s largest power and gas companies, have entered an agreement, where E.ON will utilize excess heat generated at Haldor Topsøe’s production site in Frederikssund, Denmark, to provide district heating for up to 50% of Frederikssund city’s homes. In late August construction of a 400-m long...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Haldor-Topsøe-and-E-ON-to-harness-excess-industrial-heat_11114.html
October 14, 2013
Belarus-based Grodno Azot has placed an order with plant engineering specialists ThyssenKrupp Industrial Solutions AG (Hamburg, Germany; www.thyssenkrupp-uhde.com) for the planning and delivery of a nitric acid plant and a plant for the production of the liquid fertilizer urea ammonium nitrate (UAN) based on the Uhde process. The facilities will be integrated into the company's existing chemical plant in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ThyssenKrupp-Industrial-Solutions-receives-fertilizer-plant-contract-from-Belarus_11115.html
October 11, 2013
Technology, engineering and project-management company Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and dairy company Valio Oy...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Neste-Jacobs-to-deliver-APC-technology-whey-powder-factory_11110.html
October 11, 2013
Outotec Oyj (Espoo, Finland; www.outotec.com) has been awarded minerals-processing-technology orders by Grupo Peñoles for four greenfield concentrators and one expansion in Mexico. The orders, worth over €47 million, have been booked in Outotec's third quarter order intake. Outotec's deliveries include altogether 148 Outotec TankCell flotation cells, 9 Outotec High Rate thickeners and...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-receives-minerals-processing-technology-orders-from-Mexico_11111.html
October 10, 2013
Advent International www.adventinternational.com), one of the largest and most experienced global firms dedicated solely to private equity, today announced its divestment from Oxea (www.oxea-chemicals.com), one of the largest global manufacturers of Oxo chemicals. Oman Oil Co. (OOC; Muscat; www.oman-oil.com), a commercial company wholly owned by the Government of the Sultanate of Oman, will acquire Oxea to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Oman-Oil-acquires-Oxea-from-Advent-International_11107.html
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