Archives :: Business & Economics

Displaying 41 - 60 of 2931 stories.
August 19, 2014
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi-global.com), working jointly with GAP Insaat Yatirim ve Dis Tiscaret A.S., a Turkish construction company and Mitsubishi Corp., will build large-scale ammonia and urea fertilizer production plants for Turkmenhimiya (TH), a state-owned chemical company in Turkmenistan. The EPCC (engineering, procurement, construction and commissioning) contract...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/MHI-Mitsubishi-and-GAP-Insaat-to-build-large-scale-fertilizer-plant-in-Turkmenistan_12088.html
August 15, 2014
Citing data from the U.S. Federal Reserve (Washington, D.C.; www.federalreserve.gov), the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) said production by the chemical industry in the U.S. increased by 0.6% in July. Excluding pharmaceuticals, chemical production rose 0.7%. The information was included in ACC’s latest Weekly Chemistry and...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-chemical-production-increased-in-July-ACC-report-says_12083.html
August 12, 2014
Clariant AG (Muttenz, Switzerland; www.clariant.com) plans to build its newest masterbatches plant in greater Sydney Area, Australia. The new plant will mainly serve the Australian market with a full range of color and additive masterbatches, technically innovative solutions and services to meet the growing local needs...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Clariant-plans-to-build-new-masterbatches-plant-in-Australia_12074.html
August 8, 2014
Exports of chemicals from the U.S. rose 3.2% in June to $16.7 billion, while imports were down 2.4% to $16.4 billion, according to data from the latest Weekly Chemistry and Economic Report from the American...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-chemical-exports-grew-in-June-imports-down-ACC-report-says_12070.html
August 1, 2014
Plant Watch ExxonMobil invests in new delayed coker unit at Belgium refinery July 7, 2014 — An affiliate of ExxonMobil (Irving, Tex., www.exxonmobil.com), Esso Belgium, a division of ExxonMobil Petroleum & Chemical B.V.B.A., plans to install a new delayed coker unit at its Antwerp, Belgium petroleum refinery. The investment for this refinery upgrade totals more than $2 billion.   Five-member...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/ExxonMobil-invests-in-new-delayed-coker-unit-at-Belgium-refinery-and-more-business-news_12032.html
August 1, 2014
Hangzhou Hangding Nylon Tech. Co. and Uhde Inventa-Fischer GmbH (Berlin, Germany; www.uhde-inventa-fischer.com) have successfully commissioned a plant for the production of high-performance polyamide 6 for textile grade applications. The plant is located in the Economic Technical Development Area of Hangzhou City in Zhejiang Province, P.R. China and...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Polyamide-6-plant-commissioned-for-Hangzhou-Hangding-Nylon-Tech-_12058.html
August 1, 2014
Borealis AG (Vienna, Aurstia: www.borealisgroup.com) announces the divestment of its Biosuper business in France. The Biosuper brand, a phosphate-based dryer used in animal stables, and the related production equipment will be transferred to the new owner, Eliard SPCP, during the third quarter of 2014. This transaction will free up storage space for Borealis’ fertilizer products at its warehouse in...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Borealis-to-divest-its-Biosuper-business-in-France_12059.html
August 1, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com), a global minerals and metals processing service and technology provider, has openedf its Western U.S. office in Denver, Colorado. Outotec's Canada based North America Market Area president, Marcus Horn, oversees the facilities now located in the heart of the Rocky Mountains. "Denver was a sensible choice for us and for our customers," says Marcus...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-opens-office-in-Denver_12060.html
August 1, 2014
The preliminary value for the May CE Plant Cost Index (CEPCI; the most recent available) rose 0.1% from the final April value, after a slightly larger rise the previous month. All subcategories...
http://www.chemengonline.com/business_and_economics/plant_cost_index/Economic-Indicators_11980.html
July 30, 2014
Aveva (Cambridge, U.K.; www.aveva.com) has launched AVEVA Information Standards Manager (AVEVA ISM), a software product that enables both EPC (engineering, procurement, construction) contractors and asset owner operators to achieve greater control over critical engineering information across their projects and enterprises. It does this by rationalizing existing class libraries and imposing consistent...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Aveva-launches-a-new-application-for-governing-asset-information_12051.html
July 28, 2014
Outotec Oyj (Espoo, Finland; www.outotec.com) has purchased the assets of Kalogeo Anlagenbau GmbH (Leobersdorf, Austria) after the company became insolvent. Kalogeo has provided solutions for biomass, sludge and wastewater treatment and designed, built and operated several mid-size thermal sludge-treatment plants based on fluidized-bed technology. The transaction will not impact Outotec's financial...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-acquires-the-business-of-Kalogeo-Anlagenbau_12048.html
July 25, 2014
The Global Chemical Production Regional Index (Global CPRI) was flat for the second month in a row in June, on a three-month-moving-average basis, 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-CPRI-was-flat-for-second-consecutive-month-in-June-ACC-says_12046.html
July 22, 2014
The July Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) posted a 0.4% increase over June, as measured on a three-month moving average (3MMA) basis. The pace of growth was consistent with earlier growth logged in the second quarter. Year-over-year growth now stands at a 4.4% increase. Uncertainty in...
http://www.chemengonline.com/business_and_economics/economic_indicators.html/U-S-economic-expansion-being-tempered-by-uncertainty-in-energy-markets-CAB-shows_12039.html
July 22, 2014
Wison Engineering Services Co. (Shanghai, China; www.wison.com), the largest private sector chemical engineering, procurement and construction management (EPC) service provider in China, says that Wison Engineering Ltd., an indirectly non wholly-owned subsidiary of the company, has commenced the site construction activities of site preparation for the Puerto la Cruz Refinery Deep Conversion Project in...
http://www.chemengonline.com/business_and_economics/packaging_transportation_and_logistics/Wison-starts-site-preparation-for-major-project-in-Venezuela_12035.html
July 22, 2014
CB&I (The Woodlands, Tex.; www.cbi.com) and Clariant (Muttenz, Switzerland; www.clariant.com) announced today its new Ziegler-Natta (ZN) polypropylene catalyst production plant in Louisville, Kentucky, is on schedule to begin production in 2015. The plant is part of a long-term strategic partnership between Clariant’s Catalysts business unit and CB&I’s Lummus Novolen Technology...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/CB-and-I-and-Clariants-polypropylene-catalyst-partnership-off-to-a-successful-start_12037.html
July 22, 2014
Air Liquide (Paris, France; www.airliquide.com) says that it has been selected by Natgasoline LLC, a wholly-owned subsidiary of OCI N.V., as the supplier of oxygen for its new world-scale methanol plant in Beaumont, Tex. Air Liquide will invest around €90 million (more than $120 million) in this high growth area for the chemical industry. Air Liquide has entered into a new long-term agreement to...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Liquide-expands-its-relationship-with-OCI-in-Texas_12038.html
July 21, 2014
GEA Wiegand GmbH and GEA Filtration (Ettlingen, Germany; www.gea-wiegand.com) have received an order for a revamp of an old evaporator and for a new direct-steam sterilization unit of a German gelatin manufacturer. After the commissioning phase of the evaporation plant, the customer will replace the existing ion-exchange unit and install an ultrafiltration system with a diafiltration unit for the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/GEA-Wiegand-New-orders-from-the-gelatine-industry_11989.html
July 21, 2014
Evonik Industries AG (Essen, German; www.evonik.com) plans to build a plant to produce precipitated silicas in Americana (São Paulo, Brazil). The company is investing a mid-double-digit-million euro amount; the plant is scheduled to go on stream in 2016. This will be the first production plant for highly dispersible (HD) silica in South America. This high-growth silica is used mainly for high-quality low...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-invests-in-new-silica-plant-in-Brazil_11990.html
July 21, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) and AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) have entered into negotiations to build a membrane electrolysis facility at AkzoNobel’s site in Ibbenbüren, Germany. The objective of the negotiations is to establish a joint venture (JV) for the new construction and shared operation of an electrolysis facility for potassium hydroxide...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Evonik-and-AkzoNobel-look-into-production-JV-for-membrane-electrolysis-in-Ibbenburen_11991.html
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