ThyssenKrupp AG (Essen, Germany; www.thyssenkrupp.com) and Outokumpu Oyj (Espoo, Finland; www.outokumpu.com) today announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp, to create a new global leader in stainless steel. Agreements to this effect have been…
Capital equipment prices, as reflected in the CE Plant Cost Index (CEPCI), decreased 0.53% from October to November. Decreases are typical during the third quarter. Meanwhile, the CPI Operating Rate, as reported from IHS Global Insight, increased 0.8% from November…
North America Biophysical Soc. 56th Annual Meeting. The Biophysical Soc. (Rockville, Md.). Phone: 240-290-5606; Web: biophysics.org/2012meeting San Diego, Calif. February 25–29 3rd Annual ARPA-E Energy Innovation Summit. ARPA-E (Washington, D.C.). Phone: 512-697-8849; Web: arpa-e.energy.gov Washington, D.C. February 27–29 …
The Babcock & Wilcox Co. (B&W; Charlotte, N.C.; www.babcock.com) says that its subsidiary Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $75 million to provide construction services for the installation of environmental equipment…
Total S.A. (Paris, France; www.total.com) is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals…
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) and Solutia Inc. (St. Louis, Mo.; www.solutia.com) have entered into a definitive agreement, under which Eastman will acquire Solutia, a leader in performance materials and specialty chemicals. Under the terms of the agreement, Solutia…
The global chemical production regional index (Global CPRI) fell 0.1% in December, the fourth consecutive monthly decline. Similarly, the U.S. chemical production regional index (U.S. CPRI) also slipped by 0.1% in December, following a revised 0.1% decline in November. The…
ZeaChem Inc. (Lakewood, Colo.; www.zeachem.com), a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals, today announced it has been selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s (USDA; Washington,…
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its new process technology designed to help petroleum refiners get more high-value product from each barrel of crude oil has been selected by National Refinery Limited (NRL) to maximize…
SNC-Lavalin , Inc. (Montreal, Canada; www.snclavalin.com) says that SNC-Lavalin Nuclear has signed a contract with Societatea Nationala “Nuclearelectrica” (SNN) to install reactor containment-filtered-venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. The value of the contract is approximately…