Capital equipment prices, as reflected in the CE Plant Cost Index (CEPCI), were relatively flat from March to April (the most recent data). Meanwhile, all of the Current Business Indicators from IHS Global Insight, declined slightly from April to May.…
Strong gains in capital spending by U.S. chemical manufacturers are expected during the next several years, according to the Mid-Year 2012 Situation and Outlook report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Capital spending for U.S. chemistry will…
Ineos Technologies (Lyndhurst, U.K.; www.ineos.com) has licensed its Innovene G and Innovene S processes for the manufacture of linear low density and high density polyethylene (PE) products to the ZapSibNeftekhim production complex of Sibur in Tobolsk, Russia. The two 400,000…
DeZurik, Inc. (Sartell, Minn.; www.dezurik.com), a global leader in municipal and industrial valves, has reached a definitive agreement to acquire Hilton Valve, Inc., a producer of fabricated large-diameter and custom knife-gate valves, effective July 9, 2012. The combining of Hilton…
Wison Engineering Ltd. (Shanghai, China; www.wison.com ), China’s largest private sector chemical engineering, procurement and construction (EPC) service provider, has been officially awarded an EPC contract by PDVSA Petroleo, S.A. (PDVSA), Venezuela’s state-run oil company, at the Puerto la Cruz…
Kobe Steel, Ltd. (Tokyo, Japan; www.kobelco.com) says it will establish two 100% owned companies in July, one in Europe and the other in the Middle East, to expand the global marketing and servicing of its compressors. Kobelco Machinery Europe GmbH…
Technip (Paris, France; www.technip.com) was awarded by ZapSibNeftekhim LLC (an affiliate of JSC Sibur Holding) two front-end engineering and design contracts for plants located in Tobolsk, in the Tyumen Region of Russia. The first contract concerns a linear low/high density…
The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) today released the first monthly report of its Chemical Activity Barometer (CAB), a new leading macroeconomic indicator. The data suggest that the broader U.S. economic recovery is slowing. The June CAB indicates…
The U.S. Environmental Protection Agency (EPA; Washington, D.C.; www.epa.gov) is extending the Chemical Data Reporting (CDR) submission deadline for 2012 reports from June 30, 2012, to August 13, 2012. The CDR requires manufacturers (including importers) of certain chemical substances…
The European Chemicals Agency (ECHA) is seeking public input regarding a list of ten substances it is planning to recommend for inclusion on the European Commission’s Authorization List. The chemicals include: Formaldehyde, oligomeric reaction products with aniline (technical MDA)…