Business & Economics
Foster Wheeler awarded contract for Dow’s Louisiana plant upgrade
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by The Dow Chemical Company (Midland, Michigan; www.dow.com) to provide detailed engineering, procurement and construction management (EPCM)…
Georgia Pacific’s GP Harmon Recycling acquires Highlands Group plastics facility in Tennessee
Georgia Pacific’s (Atlanta, Ga.; www.gp.com) GP Harmon Recycling (www.gpharmon.com) has announced the asset acquisition of The Highlands Group, Inc.’s plastics recycling facility located in Elizabethton, Tenn. The acquisition marks GP Harmon Recycling’s official entrance into plastics recycling processing. GP…
Kaneka to expand production capacity of chlorinated polyvinyl chloride
Kaneka Corporation (Osaka, Japan; www.kaneka.com) is increasing its production capacity of chlorinated polyvinyl chloride (CPVC) resin at wholly owned subsidiary Kaneka North America LLC, located in Texas, to 50,000 metric tons per year (m.t./yr), an increase of approximately 20,000 m.t./yr.…
Siemens designs sinter plant for Ukranian steel producer EMZ
Siemens Metals Technologies (Linz, Austria; www.siemens.com/metals) has received an order from the Metinvest Group to carry out detailed engineering work on a new sinter plant for PJSC "Yenakiieve Iron and Steel Works" (EMZ), a Ukrainian steel producer. The sinter plant…
KBR awarded contract for Ineos HDPE plant
KBR (Houston, Tex.; www.kbr.com) announced that it has been awarded a front-end engineering and design (FEED) contract by Ineos Olefins & Polymers USA for one of the largest grassroots high-density polyethylene (HDPE) plants to be built in the Americas. The…
Altana to acquire rheology modifier business from Rockwood
The specialty chemicals group Altana (Wesel, Germany; www.altana.com) has signed a definite agreement to acquire the global rheology business of Rockwood Holdings Inc. The unit, currently part of Rockwood’s Performance Additives segment, is one of the world’s leading manufacturers of…
ACC’s CAB signals improving U.S. business conditions
The American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) leading macroeconomic indicator Chemical Activity Barometer (CAB) reading for July showed a 0.2% gain, measured on a three-month-moving average basis, suggesting that “future U.S. business cycle conditions strengthened from June,” the ACC…
Air Liquide invests an additional €50 million in the Antwerp basin
Air Liquide (Paris, France; www.airliquide.com) has signed a long-term contract with BASF SE (Ludwigshafen, Germany; www.basf.com) to supply carbon monoxide to its MDI (methylene diphenyl diisocyanate ) production unit located in Antwerp, Belgium. Air Liquide will invest in a new…
Yokogawa wins major contract for large U.K. onshore gas storage facility
Yokogawa Electric Corporation (Tokyo, Japan; www.yokogawa.com) announces that its subsidiary, Yokogawa United Kingdom Ltd., has been awarded a multi-million pound contract by SSE Hornsea Ltd for the upgrade of one of the U.K.'s largest onshore underground gas storage facilities, located…
Sasol and Ineos sign agreement for high-density polyethylene JV
Sasol (Johannesburg, South Africa; www.sasol.com) and Ineos Olefins & Polymers USA (Ineos) today announced the signing of a Memorandum of Understanding (MOU) with the intent to form a joint venture to manufacture high-density polyethylene (HDPE). The envisaged plant will…