The ratio of oil prices to natural gas prices rose to 50.7 to 1 this week, higher than the 48.8 to 1 level from last week, according to data from the Energy Information Administration (EIA; Washington, D.C.; www.eia.gov) that were…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) and FuelCell Energy, Inc. (Danbury, Conn.; www.fuelcellenergy.com) have signed a Memorandum of Understanding (MoU) to work toward the market development of stationary Direct FuelCell (DFC) power plants that simultaneously produce hydrogen, ultra-clean electricity and…
GEA Group AG (Düsseldorf, Germany; www.geagroup.com) has acquired Aseptomag (Kirchberg, Switzerland), one of the world’s leading suppliers of aseptic and hygienic valves, valve modules, and system solutions. Aseptomag had a workforce of 35 employees and generated revenue of around CHF19.5…
ITT Goulds Pumps (Seneca Falls, N.Y.; www.gouldspumps.com) today announced that nominations are open for a new recognition program to honor individuals who do an exceptional job of specifying, operating and maintaining industrial pumps. The Pulse of Industry Honor Roll is…
Pump Solutions Group (PSG), a business unit within the Engineered Systems segment of Dover Corp. (Downer’s Grove, Ill.; www.DoverCorporation.com), has completed the acquisition of Maag Group (Maag; Zurich, Switzerland; www.maag.com) for a purchase price of approximately $285 million, subject to normal…
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi.co.jp) has received an order for a large-scale carbon-dioxide recovery plant for Qatar Fuel Additives Co., Ltd. (QAFAC), a major fuel additive producer in Qatar, through MHI Industrial Engineering & Services Private Ltd.…
David Weidman, chairman and CEO of Celanese Corp. (Dallas, Tex.; www.celanese.com), was honored at a dinner event in New York’s Waldorf Astoria Hotel last night. Stephanie Burns, chairman of the Society of Chemical Industry (SCI), America International Group, presented the…
Rhein Chemie (Mannheim, Germany; www.rheinchemie.com), a wholly owned subsidiary of Lanxess (Leverkusen, Germany; www.lanxess.com), has acquired Tire Curing Bladders LLC (TCB; Little Rock, Arkansas), a leading manufacturer of bladders for the tire industry. TCB is a privately owned company that…
BASF (Ludwigshafen, Germany; www.basf.com), through its global battery materials business unit, today announced that it has signed a long-term licensing agreement to acquire global rights for the production and sale of lithium iron phosphate (LFP) battery materials technology from LiFePO4+C…
The Linde Group (Munich, Germany; www.linde.com) has been selected to supply air gases to chemicals producer Dahua Group on Songmu Island in Dalian, Northeast China. Linde will be investing around €70 million in the project. An agreement outlining the terms…