Tesoro Corp. (San Antonio, Tex.; www.tsocorp.com) and Tesoro Logistics LP announced that the companies will change their names to Andeavor and Andeavor Logistics LP, respectively, on Aug. 1, 2017. The companies also unveiled new logos and ticker symbols. "We are…
Sandvik AB (Stockholm, Sweden; www.sandvik.com) has signed an agreement to divest Sandvik Process Systems to FAM AB, owned by the three largest Wallenberg foundations, at a price of 5.0 billion SEK. Sandvik Process Systems delivers advanced industrial process solutions based…
Sadara Chemical Co. (Jubail, Saudi Arabia; www.sadara.com) announced the production of commercial quantities of on-specification liquid polymeric methylene diphenyl diisocyanate (PMDI), the largest single train facility of its kind in the world. PMDI, which is used in the production of…
Owens Corning (Toledo, Ohio; www.owenscorning.com) announced that it has signed an agreement to acquire Pittsburgh Corning, a leading producer of cellular glass insulation systems for commercial and industrial markets. Upon closing, the company will pay approximately $560 million in cash,…
BASF SE (Lugwigshafen, German; www.basf.com) and Sinopec will expand the capacity of existing propionic acid production with an additional 30,000 metric tons per year (m.t./yr) at their state-of-the-art Verbund site, BASF-YPC Company Limited, a 50-50 joint venture (JV) in Nanjing,…
Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) and Haltermann Carless, a leading provider of high-value specialty hydrocarbons, have signed a contract under which Neste Jacobs will perform the engineering, procurement and construction management (EPCM) services for an upgrade and expansion of…
Amec Foster Wheeler (London, U.K.; www.amecfw.com) has been awarded an engineering contract by ISAB Srl, a Lukoil Group Company, as part of a major turnaround at their refinery in Priolo, Sicily, Italy. ISAB has selected Amec Foster Wheeler to execute…
AkzoNobel’s (Amsterdam, the Netherlands; www.akzonobel.com) Specialty Chemicals business has completed an organic peroxides expansion project at its Polymer Chemistry production facility in Los Reyes, Mexico. The investment will increase the company’s peroxyester capacity in North America by 40%, substantially increasing…
Air Liquide Engineering & Construction (www.engineering-airliquide.com) has recently signed a major contract amounting around €100 million to design and built three air separation units (ASUs) for Yankuang Group, one of the largest energy and chemical companies in China. Air Liquide Engineering & Construction…
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) announced a planned expansion of its Performance Films manufacturing capacity in Martinsville, Virginia. The capacity expansion is expected to be complete in late 2017 and will increase capacity for both paint protection films and…