Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) with its partner Total S.A. (Paris, France; www.total.com) announced the signing of a Memorandum of Understanding (MoU) with Daelim (Seoul, South Korea; www.daelim.co.kr/). Under the MoU, Daelim is planning to build a new 80,000-ton…
Chevron U.S.A. Inc. (CUSA), a wholly owned subsidiary of Chevron Corp. (San Ramon, Calif.; www.chevron.com), announced that it has signed a Share Purchase Agreement with Petrobras America Inc. (Petrobras) to acquire all the outstanding shares and equity interests of Pasadena…
Invista (Wichita, Kan.; www.invista.com) has completed the previously announced sale of its Apparel & Advanced Textiles business to an affiliate of Shandong Ruyi Investment Holding.The transaction includes: The Apparel & Advanced Textiles business’s portfolio of apparel-focused fibers and brands, including…
Trinseo (Berwyn, Pa.; www.trinseo.com) announced that Frank A. Bozich has been named President and CEO, effective March 4, 2019. He replaces Christopher D. Pappas, who recently announced his plans to retire following his tenure as President and CEO of Trinseo…
TechnipFMC (Houston; www.technipfmc.com) has been awarded a large ($500 million and $1 billion) reimbursable contract by ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA. The awarded…
The President Director of Pertamina, the state-owned National Oil & Gas Company of Indonesia, Nicke Widyawati, and Claudio Descalzi, CEO of Eni S.p.A. (Roma, Italy; www.eni.com), signed a Memorandum of Understanding (MOU) to investigate synergies of their respective technologies, expertise and…
Toyo Engineering Corp. (Chiba, Japan; www.toyo-eng.co.jp) has been awarded two major contracts in the petrochemicals sector — one in Russia and one in Thailand. In Russia, Toyo has been awarded a contract to build a 650,000-metric tons per year (m.t./yr)…
Cabot Corp. (Boston, Mass;. www.cabot-corp.com) has entered into a definitive agreement to sell its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., in a transaction valued…
ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The…
Saint-Gobain (Paris, France; www.saint-gobain.com) has opened a new flat glass production line (float) located in Sriperumbudur, near Chennai, India, at a ceremony attended by Pierre-André de Chalendar, Chairman and CEO of Compagnie de Saint-Gobain. This new state-of-the-art facility was built…