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Latest News: Business

OECD CLI points to easing economic activity, ACC says

The Organization for Economic Co-operation and Development (OECD) composite leading indicator (CLI) for June and other data “continue to point to an easing of economic activity” in most major OECD economies and slowdowns in most major non-OECD economies,” according to…

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Worley Parsons lands EPCM contract from Liaoning North Dynasolor  

Liaoning North Dynasol, a 50/50 joint venture between Shanxi North Xing’an and Dynasol, has recently awarded to WorleyParsons Ltd.’ (North Sydney, Australia; www.worleyparsons.com) Tianjin office in China with the EPCM (engineering, procurement and construction management) and commissioning contract for the…

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UOP butadiene technology selected for capacity boost in Romania  

UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its technology has been selected to boost yields at Romania’s largest synthetic rubber production facility. Romania’s Energy Bio-Chemicals will use the UOP KLP process to purify butadiene, a monomer…

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Jacobs sells iron-ore-pelletizing business to Metso  

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says it has sold its iron ore pelletizing intellectual property and other assets to Metso Corp. (Helsinki, Finland; www.metso.com). Officials did not disclose the terms of the agreement, but confirmed the transaction between…

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Oxea expands its portfolio with new special alcohols  

Chemical manufacturer Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com) says that it is expanding its product portfolio by offering a broader range of higher alcohols. For this purpose, Oxea invested in additional hydrogenation capacities at the Oberhausen site. In the third quarter…

CSB deploys to fire and explosion at Chevron refinery

A seven-member investigative team from the U.S. Chemical Safety Board (CSB; www.csb.gov) is deploying to the scene of an explosion and fire that occurred Monday, August 6, at the Chevron Refinery in Richmond, Calif. The team will be headed by…

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Praxair breaks ground on new ASU in Memphis  

To support the current and projected industrial growth in the U.S. Southeast region, Praxair, Inc. (Danbury, Conn.; www.praxair.com) broke ground on its new air separation unit (ASU) in Memphis, Tenn. With a capacity of 600 ton/d, the new plant is…

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Jacobs receives contract from Codelco  

Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a contract from Codelco, the National Copper Corp. of Chile and world leader in copper production, to provide engineering services for an anticipated 200,000 metric tons (m.t.) per day copper mine…

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Teijin to establish polyester chemical recycling JV in China  

Next month, Teijin Ltd. (Tokyo, Japan; www.teijin.co.jp) will establish Zhejiang Jiaren New Materials Co., Ltd., a joint venture (JV) with Jinggong Holding Group (Shaoxing, Zhejiang Province, China; www.jgsteelgroup.com), one of China’s largest production bases for fiber products. Through the JV,…

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INEOS Paraform broadens product range  

INEOS Paraform GmbH & Co. KG (Mainz, Germany; www.ineosparaform.com), has today announced the start up of its new dimethoxymethane (Methylal) plant, based at the company’s site in Mainz, Germany. Methylal is an additive used in polyacetal and ion exchange resins.…