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Evonik plans to shut down polyethylene waxes production and more business news

Evonik plans to shut down polyethylene waxes production May 21, 2010 — Evonik Industries AG (Essen, Germany) intends to shut down its production of polyethylene waxes in Heme, Germany at the end of December, 2010. This step was taken as…

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Keeping Corrosion at Bay

Given the recent focus on cost control, it’s likely that chemical processors will suffer sticker shock when they learn that industry spends $276 billion annually on corrosion prevention, monitoring and repair. Even more abrasive is the fact that this figure…

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Solvay and Thinfilm enter commercial agreement

Solvay Solexix (Solvay; Bollate, Italy; www.solvaysolexis.com) will begin to market its newly-developed Solvene polymer for applications in printed electronics with its partner Thin Film Electronics ASA (Thinfilm; Oslo, Norway; www.thinfilm.se) Solvay and Thinfilm started a collaboration, in 2007, in the…

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Cellulosic biofuel demonstration in China

Novozymes A/S (Bagsvaerd, Denmark: www.novozymes.com), COFCO Ltd. (www.cofco.com/en) and Sinopec Corp. (both Beijing, China; english.sinopec.com) signed a Memorandum of Understanding covering the next steps towards commercialization of cellulosic biofuel in China. As part of the agreement, COFCO and Sinopec will build a…

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Milestones in distributed production of biofuels

A biomass-to-liquids (BTL) demonstration plant jointly operated by the Oxford Catalysts Group Plc. (Abingdon, U.K.; www.oxfordcatalysts.com) and the Portuguese incorporated holding company, SGC Energia (SGCE; www.sgc.pt), for the small-scale distributed production of biofuels has achieved some significant commissioning milestones. The…

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Flexible carbon capture CFB technology moves closer to commercialization

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has signed, together with ENDESA and the Spanish Foundation, Fundación Ciudad de la Energía (CIUDEN), a grant agreement with the European Commission (EC; Brussels, Belgium). The grant agreement stipulates the terms of €180 million…

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Startup of large biomass CFB in Finland

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today the successful start of commercial operation of a large-scale, 125-MWe (385-MWth), circulating fluidized-bed (CFB) boiler island delivered to Kaukaan Voima Oy, in Finland. Kaukaan Voima Oy is owned by Pohjolan Voima Oy…

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$1.075 billion contract for construction of Borouge 3 ethane cracker in Abu Dhabi signed

Borouge (Abu Dhabi in the UAE; www. borouge.com), a joint-venture between the Abu Dhabi National Oil Company (ADNOC), Borealis (Vienna, Austria; www.borealisgroup.com) and The Linde Group (Munich, Germany; www.linde.com) formally signed a $1.075-billion contract for the construction of a 1.5…

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Borouge awards three EPC contracts for Borouge 3 expansion project

Borouge, a joint-venture between the Abu Dhabi National Oil Co. and Borealis has awarded three major Engineering, Procurement and Construction (EPC) contracts valued at approximately $2.6 billion for its Borouge 3 expansion project in Ruwais, Abu Dhabi, in the UAE. These…

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Fluor awarded contracts by Ma’aden-Alcoa JV

Fluor Corp. (Irving, Tex.; www.fluor.com) has won a series of contracts from the joint venture comprising Saudi Arabian Mining Co., also known as Ma’aden, and Alcoa, to provide program management consultancy (PMC) and engineering, procurement and construction management (EPCM) services for…