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Latest News: Business

Praxair to build nitrogen plant at Toray site in North Carolina

Praxair, Inc. (Danbury, Conn.; www.praxair.com) announced that it has signed a longterm contract to provide nitrogen to Toray Carbon Fibers America, Inc., a U.S. subsidiary of Toray Industries, Inc. Praxair will build, own and operate an air separation plant that…

Emerson books $150-million automation contract for Tahrir complex in Egypt

Emerson (St. Louis, Mo.; www.emerson.com) and Carbon Holdings, the privately owned Egyptian petrochemical firm, have announced that Emerson Process Management has been selected to provide automation and reliability technologies and services for Carbon Holdings’ Tahrir Petrochemicals Project at Ain Sokhna,…

Yokogawa acquires plant-data specialist Industrial Evolution

Yokogawa Electric Corp. (Tokyo, Japan; www.yokogawa.com) announces the acquisition of Industrial Evolution Inc. (Phoenix, Ariz.; www.industrialevolution.com) to strengthen its provision of advanced solutions to the process industries. The acquisition of Industrial Evolution, a provider of cloud-based plant data sharing services,…

KBR acquires three subsidiary companies from Chematur Technologies

KBR, Inc. (Houston; www.kbr.com) announced that it has acquired Weatherly Inc, Plinke GmbH and Chematur Ecoplanning Oy from Chematur Technologies AB, owned by Connell Chemical. Weatherly is a North American-based company with extensive experience providing nitric acid and ammonium nitrate…

Solvay’s desalination and phosphorus-based water-additives business acquired by Italmatch

Solvay (Brussels, Belgium; www.solvay.com) has entered into an agreement under which its desalination and phosphonates and phosphonic acid-based water additives business will be acquired by Italmatch Chemicals Group. The transaction is consistent with Italmatch Chemicals Group’s growth strategy and strengthens…

Black & Veatch wins two major desalination projects in Asia

  Black & Veatch (Overland Park, Kan.; www.bv.com) will perform key roles in two upcoming desalination projects in Hong Kong and Singapore. Both central to each city’s water resiliency planning, the two plants are set to establish new design and…

ICA Fluor to build $1-billion petroleum-refining facility in Mexico

  Fluor Corp. (Irving, Tex.; www.fluor.com) says that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, S.A.B. de C.V. (www.ica.com.mx/ir), was authorized by Pemex Transformación Industrial (Pemex) to proceed with the engineering, procurement and construction (Phase…

Chemical equity prices off for 2015, ACC report says

The S&P Chemicals Index, a measure of equity prices for chemical companies, fell 4.0% in December and ended 2015 down 6.3% compared to the beginning of the year, according to the first Weekly Chemistry and Economic Report of 2016, from…

Technip awarded contract by Air Products for a H2 plant in Baytown

  Technip (Paris, France; www.technip.com) was awarded a contract by Air Products (Lehigh Valley, Pa.; www.airproducts.com) to provide technology, engineering and procurement services for a grassroots hydrogen plant in Baytown, Texas. The 3.5 million standard cubic meters per day plant…

Axens to expand its sulfur abatement portfolio

  Axens North America Inc. (Houston; www.axens.net) has entered into an Asset Purchase Agreement (APA) with Scutter Enterprises, L.L.C. (Chesterfield, Missouri) to purchase assets and technology related to sulfur removal products. Scutter was created in 2009 and specialized in solid…