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

Displaying 501 - 520 of 2252 stories.
February 14, 2013
KBR (Houston; says it was awarded a contract by Samsung Engineering Co. to provide a technology license, basic engineering design package, and supply of proprietary equipment for a 1,200 metric tons...
February 13, 2013
Technip (Paris, France;, in a consortium with Construcciones Industriales Tapia, was awarded by Petróleos Mexicanos (Pemex) through its subsidiary Pemex Refinación, a contract for the revamp of one of the conversion unit of the Ing. Héctor R. Lara Sosa petroleum refinery, located in Cadereyta, Mexico. Technip’s...
February 13, 2013
Solvay S.A. (Brussels, Belgium; says it will invest €75 million to build a new 85,000-ton/yr Highly Dispersible Silica (HDS) plant in Wloclawek, Poland. Combined with a further capacity expansion at its site in Qingdao (China), these two investments will increase Solvay's global highly dispersible silica production capacity by an additional 30%. Located in central Poland, close to key...
February 12, 2013
Metso Corp. (Helsinki, Finland; has opened a new automation service center in Ratchaburi, Thailand. The service center supports Metso’s strategy to grow its Automation business globally and strengthens Metso’s service capabilities in Thailand. Metso has large installed base for process automation products and valves especially in Thai pulp and paper industry, with customers like...
February 12, 2013
Jacobs Engineering Group Inc. (Pasadena, Calif.; was awarded a contract from Saudi Aramco Lubricating Oil Refining Co. (Luberef) to provide project management consulting (PMC) services for an expansion project at its lube oil refinery in Yanbu, Saudi Arabia. Officials did not disclose the contract value, however noted that the overall expansion project cost is...
February 11, 2013
The SensoTech GmbH (Magdeburg–Barleben, Germany; extends its market presence in North America with a new U.S. subsidiary and thereby reinforces significantly its globally networked team of sales and service staff. As a subsidiary of the German SensoTech GmbH, SensoTech Inc., which is located in Wayne, New Jersey, closely works together with already existing sales representatives of...
February 11, 2013
Neste Jacobs Oy (Porvoo, Finland; will deliver engineering, procurement and construction management (EPCM) services to construction of an isomerization unit at Neste Oil Porvoo petroleum refinery. The investment, valued at approximately €65 million, is intended to increase the output of high-octane gasoline and improve refining...
February 7, 2013
Fluor Corp. (Irving, Tex.; says it is currently performing early construction management services for Baxter International Inc.’s (Deerfield, Ill.; new biotechnology facility near Covington...
February 7, 2013
KBR (Houston; says it was selected by PT Pupuk Sriwidjaja Palembang, to provide licensing, engineering services and proprietary equipment for a new 2,000 metric tons (m.t.) per...
February 7, 2013
Rotterdam is the second largest chemical and petrochemical basin in Europe. This industry has maintained its momentum, despite the crisis, across Western Europe, with dynamic players demonstrating sustained demand for industrial gases. In this context, AirLiquide (Paris, France; will invest an additional €65 million in the...
February 6, 2013
Today, Wacker Chemie AG (Munich, Germany; officially launched its new production plant for vinyl acetate-ethylene copolymer (VAE) dispersions at its Ulsan site in South Korea. The additional 40,000 metric tons (m.t.) from the second reactor line increases the site’s VAE-dispersion capacity to a total of 90,000 m.t./yr. The production capacity of the site has thus almost doubled...
February 6, 2013
MAN Diesel & Turbo (MDT; Berlin, Germany; is providing the compressor technology for Shell Canada’s Quest Carbon Capture and Storage (CCS) Project, located in Alberta, Canada. Quest will be the world’s first commercial-scale CCS project to tackle carbon emissions in an oil sand operation. Quest will capture more than one million metric tons (m.t.) per year of CO2...
February 6, 2013
Forest BtL Oy (Vantaa, Finland; and Axens (Rueil-Malmaison, France;  have signed a license for the use of Gasel technology suite in the Biomass to Liquid (BtL) plant to be constructed in Ajos, near the city of Kemi, Finland. Ajos BtL is a NER300 supported...
February 6, 2013
An official ceremony took place today with Giovanni Azzone, rector of Politecnico di Milano (, and Fabrizio Di Amato, CEO and chairman of Maire Tecnimont S.p.A. ( for the signature of a framework agreement for a scientific collaboration between Maire Tecnimont Group and Politecnico di Milano University in Breakthrough Innovation, so-called radical innovation. The...
February 5, 2013
Teijin Chemicals Ltd. (Tokyo, Japan;, the core company of the Teijin Group’s resin and plastic processing business, announced an agreement with SK Chemicals, a South Korean chemical producer, on a business collaboration, including the establishment of a joint venture to develop, produce and distribute polyphenylene sulfide (PPS) resins and compounds in July. The joint venture (JV)...
February 5, 2013
Praxair, Inc. (Danbury, Conn.; 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...$1-1-billion_10201.html
February 5, 2013
Samsung Engineering Co. (Seoul, South Korea; 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...
February 1, 2013
Plant Watch Lonza to expand ADC manufacturing capacity January 8,2013 —Lonza (Basel, Switzerland; 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...
January 30, 2013
Outotec Oyj (Espoo, Finland; 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...
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...
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