Covestro AG (Leverkusen, Germany; www.covestro.com) accelerates its investment activities to capitalize on the strong methylene diphenyl diisocyanate (MDI) market growth. Today, the Supervisory Board of Covestro has approved an investment of around €1.5 billion to build a new world-scale MDI…
Dürr Systems AG (Bietigheim-Bissingen, Germany; www.durr.com) has completed the previously announced acquisition of the industrial environmental technology business of the U.S. company, Babcock & Wilcox Enterprises, Inc. (B&W; Barberton, Ohio; www.babcock.com) as of October, 5th, 2018. The transaction creates one…
Amin H. Nasser, president and CEO of Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Patrick Pouyanné, chairman and CEO of Total S.A. (Paris, France; www.total.com), signed today in Dhahran the joint development agreement for the front-end engineering and design (FEED)…
A much-anticipated report by the United Nation’s Intergovernmental Panel on Climate Change (www.ipcc.org) shows there is still a long way to go if we want to limit global temperature rise to 1.5°C and prevent dangerous warming. But the report also…
Wood plc. (London, U.K.; www.woodplc.com) has secured a new multi-million-dollar contract with Duqm Refinery and Petrochemicals Industries to provide two Terrace Wall double-fired delayed coker heaters at its petroleum refinery on the south eastern coast of the Sultanate of Oman.…
Siemens AG (Munich, Germany: www.siemens.com) and Southern Idaho Solid Waste (SISW) recently announced the successful commissioning of two SGE-56HM gas engines that are providing environmentally friendly electrical power for a landfill gas-to-energy project at the Milner Butte Landfill in Burley,…
In mid-August 2018, Sepahan Oil Co. (SOC; Tehran, Iran) and EDL Anlagenbau Gesellschaft mbH (EDL; Leipzig, Germany; www.edl.poerner.de) signed a contract for the modernization of the lube oil and wax production. SOC and EDL signed the contract for granting a…
BASF SE (Ludwigshafen, Germany; www.basf.com) and LetterOne signed a definitive transaction agreement to merge their respective oil-and-gas businesses in a joint venture (JV), which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading independent European…
Evonik Industries AG (Essen, Germany; www.evonik.com) is investing a double-digit million euro amount in the construction of a new multi-purpose facility at its Geesthacht location in Northern Germany, 30 km outside the city of Hamburg. The additional capacities created will…
Lanxess AG (Cologne, Germany; www.lanxess.com) is continuing to invest in its global production network for high-performance plastics and is building another compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. Starting in the second half…