Archives :: Business & Economics :: Plant Watch, Mergers and Business News

Displaying 501 - 520 of 2237 stories.
February 5, 2013
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has entered into an agreement to acquire NuCO2 INC. from Aurora Capital Group, a Los Angeles, California based private equity firm, for $1.1 billion in cash. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close by the end of the first...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Praxair-to-acquire-NuCO2-for-$1-1-billion_10201.html
February 5, 2013
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.co.kr) has officially announced its contract award from Gazprom Neft, a subsidiary of Gazprom, one of Russia’s largest oil and gas companies. The $879-million contract covers engineering, procurement and construction (EPC) for the gas...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Samsung-Engineering-awarded-Iraq-Gazprom-Badra-GSP-contract_10202.html
February 1, 2013
Plant Watch Lonza to expand ADC manufacturing capacity January 8,2013 —Lonza (Basel, Switzerland; www.lonza.com) plans to invest 14 million Swiss francs (CHF; about $15 million) to expand antibody drug conjugate (ADC) manufacturing capacity in Visp, Switzerland. Oncology therapeutics including ADCs represent one of the fastest growing segments of the pharma and biotech industry. The expansion of the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lonza-to-Expand-ADC-Manufacturing-Capacity-and-More-Business-News_10178.html
January 30, 2013
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with a major cellulosic ethanol producer on the design and delivery of a renewable energy solution for a bio-ethanol facility in Iowa. The order has been included in Outotec's Q4 2012 order intake and its value will not be disclosed. The customer's...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-to-provide-a-renewable-energy-solution-for-a-bio-ethanol-facility-in-Iowa_10192.html
January 30, 2013
Shell US Gas & Power LLC (Shell), a subsidiary of Royal Dutch Shell Plc, and Southern Liquefaction Company, LLC, a Kinder Morgan company and unit of El Paso Pipeline Partners, L.P., announced their intent to form a limited liability company to develop a natural gas liquefaction plant in two phases at Southern LNG Company, LLC’s (Southern LNG) existing Elba Island LNG Terminal, near Savannah, Ga...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Shell-and-Kinder-Morgan-plan-to-export-LNG-from-the-U-S-_10193.html
January 30, 2013
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that its UOP Oleflex process technology has been selected by China’s Longgang Chemical Co. (Qingdao Province, China) to produce key ingredients for fuels and synthetic rubber. The C4 Oleflex process will be used to convert refinery-derived isobutane to isobutylene, a valuable petrochemical used in the production of fuels...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/UOP-technology-selected-for-petrochemical-production-in-China_10194.html
January 30, 2013
Fluor Corp. (Irving, Tex.; www.fluor.com) was awarded a contract by Williams to provide preliminary engineering services for a proposed propane dehydrogenation (PDH) project near Redwater, Alberta...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Fluor-to-provide-engineering-services-for-PDH-project-in-Canada_10195.html
January 30, 2013
Bandirma Gübre Fabrikalar─▒ A.┼×. (BAGFAS; Bandirma, Turkey) has awarded ThyssenKrupp Uhde (Uhde; Dortmund, Germany; www.thyssenkrupp-uhde.de) a contract to supply a plant for the production of calcium ammonium nitrate (CAN) fertilizer in 2012. The new plant will be integrated into the existing...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Uhde-wins-another-fertilizer-contract-in-Turkey_10196.html
January 30, 2013
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says it was awarded a contract from Rio Tinto Minerals (RTM) to provide engineering, procurement and construction management (EPCM) services...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Jacobs-receives-contract-for-boron-expansion-project_10197.html
January 29, 2013
Technip (Paris, France; www.technip.com) was awarded engineering and procurement contracts by Westlake Chemical Corp. for the expansion and modernization of the ethylene cracking furnaces and the recovery section of Westlake’s...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Technip-awarded-contracts-for-ethylene-plant-expansion-in-Kentucky_10189.html
January 29, 2013
Bechtel (Houston; www.bechtel.com) announced today the Bechtel Pueblo Team (BPT) has completed construction of the Pueblo Chemical Agent-Destruction Pilot Plant (PCAPP). The facility will eventually destroy 2,611 tons of mustard agent-filled munitions currently being stored at the U.S. Army Pueblo Chemical Depot in Colorado. “Construction completion marks the first step towards creating a safer...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Bechtel-completes-construction-of-chemical-weapons-demilitarization-facility_10191.html
January 28, 2013
Lanxess AG (Leverkusen, Germany; www.lanxess.com)  is expanding its global production network for inorganic pigments in China. A new high-tech facility for premium iron-oxide red pigments is being constructed at the Ningbo Chemical Park on the Chinese East Coast. The plant, with highly modern environmental standards, will initially have an annual capacity of 25,000 metric tons (m.t.). The investment...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-to-build-new-pigment-plant-in-China_10185.html
January 28, 2013
Described by the U.S. Dept. of Energy (DOE; Washington, D.C.; www.energy.gov) as a milestone in DOE’s Industrial Carbon Capture and Storage (ICCS) program, Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced today that Phase One of its two-stage carbon-capture project in Port Arthur, Texas is onstream. Ultimately, the project will capture approximately 1-million ton/yr of carbon dioxide...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Products-Phase-One-Carbon-Capture-Project-onstream-in-Texas_10187.html
January 28, 2013
Bechtel (Houston; www.bechtel.com) has purchased Chevron’s Waste Water Treatment (WWT) Process, a technology that improves the efficiency of petroleum refineries. The WWT Process is a proprietary, two-stage sour-water-stripping process that separates ammonia and hydrogen sulfide streams from sour waters generated by a refinery’s process units. The technology also allows debottlenecking of...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Bechtel-acquires-Chevrons-WWT-Process_10188.html
January 26, 2013
The largest privately managed industrial gas specialist, Messer Group GmbH (Bad Soden, Germany; www.messergroup.de) and Sichuan Meifeng, a Chinese chemicals company, have signed a joint-venture (JV) agreement to found Sichuan Meifeng Messer Gas Products. The JV will invest some €7.24 million in producing around 100,000 ton/yr of liquid carbon dioxide from industrial CO2...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Messer-produces-pure-CO2-from-waste-gas-in-China_10184.html
January 24, 2013
Lanxess AG (Leverkusen, Germany; www.lanxess.com) has increased its dichlorobenzene capacity by more than 15%. It has done so by installing an additional crystallizer at the Leverkusen site, thereby enabling it to produce more high-purity p-dichlorobenzene for the global market. Some €3 million has been invested in the capacity expansion for this intermediate for the manufacture of high-performance...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-expands-dichlorobenzene-capacity-at-Leverkusen-facility_10138.html
January 24, 2013
Technip (Paris, France; www.technip.com) was awarded by JBF Petrochemicals, a wholly–owned subsidiary of JBF Industries Ltd, a for a 1.25-million ton/yr, latest-generation purified terephthalic acid (PTA) unit, to be located in the Special...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Technip-awarded-PTA-contract-contract-by-JBF-Petrochemicals_10139.html
January 24, 2013
Linde Engineering Dresden GmbH, a subsidiary of The Linde Group (Munich, Germamy; www.linde.com) has signed an agreement with the Finnish Forest BtL Oy for the licensing of the biomass gasification technology Carbo-V, which will be implemented in a new Biomass–to-Liquid (BtL) plant in Kemi, Northern Finland. The commercial operation for the production of biodiesel and naphtha is expected to start at...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Linde-and-Forest-BtL-sign-licensing-agreement-for-Carbo-V-technology_10140.html
January 23, 2013
Petronas (Kuala Lumpur, Malaysia; www.petronas.com.my) and Evonik Industries AG Essen, Germany; www.evonik.com) signed a Letter of Intent (LoI) to jointly embark on the development of production facilities of specialty chemicals within Petronas’ Refinery & Petrochemical Integrated Development (Rapid) project in Pengerang, Johor. Under the LoI, the two parties will endeavor to form a partnership...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/Petronas-and-Evonik-sign-LoI-for-projects-in-Rapid-Project_10136.html
January 22, 2013
BASF SE (Ludwigshafen, Germany; www.basf.com) and China Petroleum & Chemical Corp. (Sinopec; Beijing) have completed a joint feasibility study and taken the next steps in the establishment of a world-scale isononanol (INA) plant in Maoming, Guangdong, China. Under the terms of the feasibility study, a new 50-50 joint venture will be formed, BASF MPCC Co. Ltd. Pre-approval has been received from the...
http://www.chemengonline.com/business_and_economics/plant_watch_mergers_and_bus_news/BASF-and-Sinopec-move-towards-a-world-scale-isononanol-plant-in-Maoming_10134.html
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