Technip (Paris, France; www.technip.com) has been awarded by Sonatrach, the Algerian national oil company, a contract for the refurbishment and revamping of the Algiers refinery. This lump sum turnkey contract, worth approximately 67.9-billion Algerian Dinars ($908 million), will last 38…
Total and CPI to study coal-to-olefins petrochemical project in China November 5, 2010 — Total S.A. (Paris, France; www.total.com) and the Chinese energy group China Power Investment Corp. (CPI) intend to build a coal-based petrochemical plant in China. The two…
Technip (Paris, France; www.technip.com) has been awarded by Total an engineering, procurement services and construction management contract to increase the capacity of the hydrocracker at the Normandy refinery located in Gonfreville, France. This project, which is part of a larger…
BASF SE (Ludwigshafen, Germany; www.basf.com) and Ineos Industries Holdings Limited (Lyndhurst, U.K.; www.ineos.com) have announced their intention to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based…
ABB (Zurich, Switzerland; www.abb.com) and Baldor Electric Co. (Fort Smith, Ark.) have agreed that ABB will acquire Baldor in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement,…
Lummus Technology (The Woodlands, Tex.), a CB&I company (www.cbi.com), has been awarded a contract by Liaoning Tongyi Petrochemical Co. for the license and engineering design of grassroots OCT olefins-conversion units and Catofin dehydrogenation units at several of its sites in…
The Dow Chemical Company (Midland, Mich.; www.dow.com) has increased its monopropylene glycol (MPG) capacity by 15%, an additional 35,000 ton/yr, in the Stade, Germany plant after completion of an advanced energy improvement and technology optimization project. “The investment in our…
BASF SE (Ludwigshafen, Germany; www.basf.com) has signed a purchase agreement to acquire the styrene catalysts business of CRI/Criterion (Houston; www.cricatalyst.com), a wholly owned subsidiary of Shell. Financial details of the transaction are not being disclosed. CRI/Criterion is a leading global…
The Federal Ministry of Education and Research (BMBF; Bonn, Germany) has pledged €2.2 million in funds for a project by the BASF-supported Catalysis Research Laboratory (CaRLa; www.carla-hd.de) and hte AG (both Heidelberg, Germany; www.hte-company.de), a company in which BASF SE…
Air Liquide (Paris, France; www.airliquide.com) has signed a long-term contract with Tongmei Guangfa Chemical Industry Co., whose major shareholder is Datong Coal Mine Group Co. Under the terms of the agreement, Air Liquide will invest around €60 million in a…