Fluor Corp. (Irving, Tex.; www.fluor.com) has signed a memorandum of understanding (MoU) with Sibur (Moscow; www.sibur.ru), Russia’s leading petrochemical company, for the establishment of a joint venture with the Scientific Research and Design Institute for Gas Processing (NIPIgaspererabotka) in Krasnodar,…
Lanxess AG (Leverkusen, Germany; www.lanxess.com) and Dutch company Royal DSM N.V. (Heerlen, the Netherlands; www.dsm.com) have reached an agreement in principle involving the sale of DSM Elastomers to Lanxess for €310 million on a cash and debt-free basis. DSM Elastomers…
Solvay S.A. (Brussels, Belgium; www.solvay.com) is studying the construction of an epichlorohydrin production plant in Taixing, China, with an initial capacity of 100,000 ton/yr. The plant, which is expected to start producing in 2013, will be based on Solvay's innovative…
Dynasol, a subsidiary of Repsol (www.repsol.com) and the Kuo Group, has signed an agreement with China’s Shanxi Northern Xing’an Chemical Industry (Xing’an) to produce and market rubber in China. The two companies are to set up a joint company which…
Fluor Corp. (Irving, Tex.; www.fluor.com) announced today that Socar & Turcas Rafineri A.S. (Stras; www.socarturcas.com.tr), the joint venture of the State Oil Co. of the Azerbaijan Republic (Socar) and Turcas Petrol A.S. (ISE:TRCAS), awarded the firm a project management consultant…
Evonik Industries AG (Essen, Germany; www.evonik.com) intends to construct a new production plant for isophorone and isophorone diamine. A suitable site is being sought, and economic and strategic market factors play an important role in this decision. Production is scheduled…
Yule Catto & Co. plc (Harlow, U.K.; www.yulecatto.com) has agreed to acquire PolymerLatex GmbH (Marl, Germany; www.polymer-latex.de) from TowerBrook Capital Partners. The transaction, which is subject to the necessary regulatory and shareholder approvals, is expected to be completed during Q2,…
Foster Wheeler AG (FWC; Zug, Switzerland; www.fwc.com) announced today that its Global Engineering and Construction Group has been awarded a basic engineering design and front-end engineering design (FEED) contract for two grassroots petroleum refineries in Brazil for Petróleo Brasileiro S.A., (Petrobras).…
The Shaw Group Inc. (Baton Rouge, La.; www.shawgrp.com) it has been selected by GAIL (India) Ltd (GAIL) to provide its proprietary technology and basic engineering for a new 450,000-ton/yr ethylene plant. Shaw also will provide support during detailed engineering, procurement…
Wacker Chemie AG (Munich, Germany; www.wacker.com) will build a new and fully integrated polysilicon production site near the city of Cleveland, Tenn. The chemical company announced the decision today. With an annual capacity of 15,000 metric tons (m.t.), the production…