Business & Economics
Dow and Johnson Matthey Davy Technologies License LP Oxo Technology to PetroChina
Johnson Matthey Davy Technologies (JM Davy; London, U.K. www.davyprotech.com) and The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that PetroChina Guangdong Petrochemical Co., a subsidiary of PetroChina Company Ltd. (PetroChina), China's largest oil-and-gas producer and distributor, has selected LP Oxo…
ABB acquires ring motor business from Alstom
ABB (Zurich, Switzerland; www.abb.com), a power and automation technology group, announced today the acquisition of Alstom’s ring motor business to enhance its gearless mill drive (GMD) system business. The parties agreed not to disclose financial details of the transaction. The…
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…
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…
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…
DOE announces new biofuels projects
During remarks at the U.S. Energy Dept.’s (DOE; Washington, D.C.; www.energy.gov) Biomass 2013 annual conference, Secretary Moniz today highlighted the important role biofuels play in the Administration’s Climate Action Plan to increase our energy security and reduce greenhouse gas emissions…
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:…