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Latest News: Business

BASF and Petronas to build a polyisobutene production plant in Kuantan

  BASF SE (Ludwigshafen, Germany; www.basf.com) and Petronas Chemicals Group Berhad (PCG; www.petronaschemicals.com.my) will build a new world-scale production plant for highly reactive polyisobutene (HR-PIB) at the site of their existing joint venture, BASF Petronas Chemicals Sdn Bhd (www.basf-petronas.com.my), in…

CB&I to supply steam reformer and equipment to Afipsky Oil Refinery in Russia

  CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract in excess of $90 million by NefteGazIndustriya, LLC, through project developer MAVEG Industrieausruestungen GmbH, for the Afipsky Oil Refinery. The scope of work includes detailed engineering, procurement, fabrication and…

GFBiochemicals starts up world’s first commercial-scale plant for bio-based levulinic acid

Bio-based chemical company GFBiochemicals Ltd. (Milan, Italy; www.gfbiochemicals.com) has started commercial production at its new levulinic acid plant in Caserta, Italy, which has a production capacity of 10,000 metric tons per year (m.t./yr). The announcement was made at the BIO…

U.S. chemical production rose in June, ACC report says

Overall production in the U.S. chemical industry rose by 0.7% in June to 92.1% of its average 2007 level, according to an analysis of data from the U.S. Federal Reserve Board by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).…

Axens to supply technologies for S-OIL

  Axens (Rueil-Malmaison, France; www.axens.net) has been awarded several contracts for the expansion of the existing residue conversion facilities at S-Oil’s (www.s-oil.com) Onsan refinery in South Korea. The Residue Upgrading Complex Project (RUCP) is aimed at reducing fuel oil production…

Flowrox appoints new CEO

Flowrox Oy (Lappeenranta, Finland; www.flowrox.com) has introduced Jukka Koskela as its new chief executive officer (CEO). Following a successful career in the energy industry spanning five years, Koskela brings to Flowrox a wealth of experience and knowledge in global product…

Maire Tecnimont awarded refinery-upgrade contract in Poland

Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) has announced that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPC contract by Lotos Asfalt Sp. z o. o., a subsidiary of Grupa LOTOS SA related to a refinery-unit upgrading…

Jacobs Engineering announces new president and CEO

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) announced that Steven J. Demetriou has been named president and chief executive officer (CEO). Demetriou will also be elected to the Board. Demetriou brings over 30 years of global business leadership experience to…

ThyssenKrupp Industrial Solutions lands contract for an in-pit crushing and conveying system in Russia

  ThyssenKrupp Industrial Solutions AG (Dortmund, Germany; www.thyssenkrupp-industrial-solutions.com), the plant engineering and construction specialist of the ThyssenKrupp Group, has received a contract from Apatit, a subsidiary of the leading Russian fertilizer producer PhosAgro, to supply a complete in-pit crushing and…

Platform Specialty Products to acquire specialty chemicals supplier Alent

Platform Specialty Products Corp. (West Palm Beach, Fla.; www.platformspecialtyproducts.com) and Alent plc (Woking, U.K.; www.alent.com) announced the terms of a recommended offer by Platform to acquire all of the issued and outstanding shares of Alent in a cash and stock…