In The News
A record year for German E&C firms
Bookings by members of the German Large Industrial Plant Manufacturer´s Group (AGAB; Frankfurt; www.vdma.org) rose to a record 32.8 billion euros in 2008 compared to 32.4 billion euros in 2007. “Since the beginning of the upturn in 2003, bookings have…
Alstom to supply boilers for a 1.6-GW power plant
Alstom (Paris, France; www.alstom.com) has been awarded a contract worth around 500 million euros by RWE Power AG to supply two cutting-edge boilers for its Eemshaven power plant in the Netherlands. The new hard coal-fired units will provide clean, reliable…
Siemens to expand competence in solar business
Siemens Energy (Erlangen, Germany; www.siemens.com/energy) is to acquire a 28% stake in the Italian solar company Archimede Solar Energy S.p.A. (ASE; Massa Martana) and thus expand its competencies for solar thermal power plants. ASE is the sole producer of solar…
DuPont expects continued revenue growth in global PV market
DuPont (Wilmington, Del.; www.dupont.com) expects to nearly triple its annual photovoltaic sales to more than $1 billion in 2012 based on strong fundamentals for long-term revenue growth in the photovoltaic (PV) solar energy market, combined with the company’s ability to…
New Chinese JV for phosphorus pentoxide production
In order to secure supply and meet the growing demand for phosphorus pentoxide, Clariant International Ltd. (Muttenz, Switzerland; www.clariant.com) is establishing a joint venture with two Chinese partners in Kunming in the Chinese province of Yunnan. A state-of-the-art phosphorus pentoxide…
Ineos Technologies wins HDPE license contract in China
Ineos Technologies Ltd. (Runcorn, U.K.; www.ineostechnologies.com) has licensed its Innovene S Process for the manufacture of high- and medium-density polyethylene (HDPE and MDPE) to China Petrochemical International Company Ltd. for use at Sinopec Wuhan Co. in Wuhan, China. The 300,000…
Foster Wheeler wins EPCm contract at BP’s Whiting Refinery
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that its Houston-headquartered subsidiary, Foster Wheeler USA Corp. (FWUSA), part of its Global Engineering and Construction Group, has been awarded the full Engineering, Procurement and Construction Management (EPCm) services contract from BP…
Roche and Genentech agree to combine the two organizations
F. Hoffmann-La Roche Ltd. (Roche; Basel, Switzerland; www.rochemengonline.com) and Genentech, Inc. (San Francisco, Calif.; www.genentech.com) announced today that they signed a merger agreement under which Roche will acquire the outstanding publicly held interest in Genentech for $95.00 per share in…
Foster Wheeler wins contract for Paradip Refinery in India
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced that subsidiaries in its Global Engineering and Construction Group, Foster Wheeler Energy Limited and Foster Wheeler (G.B.) Limited, have been awarded a contract by Indian Oil Corporation Limited (IOCL) for a grassroots petroleum…
SolVin starts new production facility Diofan PVDC latex
SolVin (www.solvinpvc.com), a joint venture of Solvay S.A.(Brussels, Belgium; www.solvay.com) and BASF SE (Ludwigshafen, Germany; www.basf.com), announces the successful startup of new production capacity for Diofan polyvinylidene chloride (PVDC) latex at its Tavaux, France, plant. Diofan PVDC latex is a…