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Sibur and Sinopec establish a joint venture to produce synthetic rubbers

Sibur (Moscow, Russia; www.sibur.com) a gas processing and petrochemicals company and China Petroleum and Chemical Corporation (Sinopec Corp.), a major global petroleum and petrochemical enterprise group entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber…

Foster Wheeler wins contract for Enterprise propane dehydrogenation project in Mont Belvieu, Tex.

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners…

GTC Technology/Neville Chemical JV to provide technology for Versalis plant in Italy

Neville Venture (Pittsburgh, Pa. www.nevchem.com), a joint venture between US-based companies GTC Technology and Neville Chemical Co., has signed a strategic partnership agreement with Versalis (Eni) for the production of hydrocarbon resins at Versalis’s plant in Priolo, Italy. GTC also…

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Rive Technology raises $20 million in Series D Financing  

Rive Technology (Princeton, N.J.; www.rivetechnology.com), a provider of innovative materials-based solutions for catalytic and separations processes in the petroleum refining, chemicals, water and biofuels industries, today announced the closing of a $20 million round of financing from leading energy investors.…

PMI in U.S. at highest level in two years; Global PMI up slightly, ACC says

The Manufacturing PMI (Purchasing Manager’s Index) for the U.S. rose by 4.5 points in July to 55.4, its highest level in two years, according to data from the Institute for Supply Management that was included in the American Chemistry Council’s…

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Messer continues to grow in China  

Messer (Bad Soden/Frankfurt, Germany; www.messergroup.com), the largest owner-managed industrial gas specialist worldwide, continues to drive its development in China. In the Paojiang industrial zone located in Shaoxing in Zhejiang province, the company is building a new air separation plant to…

Calendar: September–November

North America Energy Storage North America. Messe Düsseldorf North America (Chicago, Ill.). Phone: 312-781-5185; Web: mdna.com San Jose, Calif. Sept. 10–12   Winding: Machines, Mechanics and Measurements. Assn. of International Metallizers, Coaters and Laminators (Fort Mill, S.C.). Phone: 803-948-9470; Web:…

ChemInnovations 2013 Conference & Expo Preview

The fourth ChemInnovations Conference and Expo will be held September 25 and 26 in Galveston, Tex. at the Moody Gardens Convention Center. Programmed by chemical industry leaders and designed for professionals in the chemical process industries (CPI), the event aims…

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CNOOC selects Ineos Technologies process, and more business news

Plant Watch Sasol awards integrated complex contract to WorleyParsons July 11, 2013 — WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) has been awarded a contract by Sasol North America, Inc. (Sasol) for an integrated gas-to-liquids (GTL) and ethane-cracker complex, which includes…

Current economic trends

Preliminary data for the May 2013 CE Plant Cost Index (CEPCI; the most recent information available) indicate that the composite index decreased by 0.5% from the the final April value. The data for each of the subindices decreased in the…