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KBR awarded FEED contract for butadiene expansion project in Saudi Arabia; and more business news

  Plant Watch Momentive to construct two formaldehyde plants in Louisiana November 10, 2014 — Momentive Specialty Chemicals Inc. (Columbus, Ohio; www.momentive.com) plans to build two new formaldehyde plants in Geismar and Luling, La., with operations expected to begin in…

Amec Foster Wheeler awarded boiler contract in Bulgaria

Amec Foster Wheeler (London, U.K.; www.amecfw.com) has announced the award of a contract for the design, supply and erection of a circulating fluidized-bed (CFB) boiler island for Deven JSCo, asubsidiary of Solvay Sodi. The boiler island, the second that Amec…

Economic Indicators

Current trends The preliminary value for the September CE Plant Cost Index (CEPCI; top; the most recent available) rose 0.26% from the final August value, extending the series of monthly increases to six in a row. All four of the…

Lubrizol to acquire oilfield chemicals and drilling fluids businesses from Weatherford

The Lubrizol Corp. (Wickliffe, Ohio; www.lubrizol.com) has agreed to acquire Weatherford’s (Houston; www.weatherford.com) oilfield chemicals business and its drilling fluids business for $825 million, including a $75 million performance-based cash earnout. The deal enhances Lubrizol’s footprint in the $20 billion…

Current Trends

The preliminary value for the September CE Plant Cost Index (CEPCI; the most recent available) rose 0.26% from the final August value, extending the series of monthly increases to six in a row. All four of the major subindices increased…

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Pöyry awarded contract for nickel emissions reduction project in Canada  

Vale Canada Ltd. has awarded Pöyry (Montreal) Inc. (www.poyry.com) with the detailed engineering and construction site assistance services assignment for the nickel emissions project at Copper Cliff Nickel Refinery in Sudbury, Ontario, Canada. The project involves a new baghouse with…

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BASF plans major investment in pioneering superabsorbent technology  

BASF SE (Ludwigshafen, Germany; www.basf.com) today announced plans for a major investment in a pioneering superabsorbent technology platform of its hygiene business. BASF will invest up to €500 million ($625 million) over the next two to three years to establish…

Gevo to provide renewable isobutanol process technology to Florida plant

Gevo, Inc. (Englewood, Colo.; www.gevo.com) has announced that Highlands EnviroFuels, LLC has signed a letter of intent to become a Gevo licensee to produce renewable isobutanol. Highlands will build a commercial-scale syrup mill in Highlands County, Fla., which would have…

Synalloy acquires carbon-pipe distributor Specialty Pipe & Tube

Synalloy Corp. (Spartanburg, S.C.; www.synalloy.com) has announced that it has acquired Specialty Pipe & Tube, Inc., a distributor of seamless carbon pipe, with a focus on heavy-wall, large-diameter products. End markets for its products include oil-and-gas applications, as well as…

Pentair enhances equipment-protection services with recent acquisition

Pentair plc (Manchester, U.K.; www.pentair.com) announced that it has signed an agreement to purchase Steinhauer Elektromaschinen AG (www.steinhauer.de), a producer of enclosure machining and related technologies. The planned acquisition will further enhance Pentair’s brand of Hoffman equipment-protection solutions by expanding…