AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) is planning to invest €80 million in the construction of a new pulp Chemical Island facility in Brazil. The plant, operated by the company's Pulp and Paper Chemicals business, Eka Chemicals, will supply the Suzano…
ThyssenKrupp AG (Essen, Germany; www.thyssenkrupp.com) and Outokumpu Oyj (Espoo, Finland; www.outokumpu.com) today announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp, to create a new global leader in stainless steel. Agreements to this effect have been…
Total S.A. (Paris, France; www.total.com) is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals…
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) and Solutia Inc. (St. Louis, Mo.; www.solutia.com) have entered into a definitive agreement, under which Eastman will acquire Solutia, a leader in performance materials and specialty chemicals. Under the terms of the agreement, Solutia…
The global chemical production regional index (Global CPRI) fell 0.1% in December, the fourth consecutive monthly decline. Similarly, the U.S. chemical production regional index (U.S. CPRI) also slipped by 0.1% in December, following a revised 0.1% decline in November. The…
ZeaChem Inc. (Lakewood, Colo.; www.zeachem.com), a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals, today announced it has been selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s (USDA; Washington,…
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its new process technology designed to help petroleum refiners get more high-value product from each barrel of crude oil has been selected by National Refinery Limited (NRL) to maximize…
Technip (Paris, France; www.technip.com) was awarded by Lukoil Neftochim Burgas ad, subsidiary of OAO LUKOIL, a lump sum turnkey contract, worth more than €900 million (Technip share around €600 million), for the engineering, procurement and construction of Phase 1 of…
SNC-Lavalin , Inc. (Montreal, Canada; www.snclavalin.com) says that SNC-Lavalin Nuclear has signed a contract with Societatea Nationala “Nuclearelectrica” (SNN) to install reactor containment-filtered-venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. The value of the contract is approximately…
Siemens Industry Automation Division (Warrendale, Pa.; www.siemens.com/industryautomation) entered into an agreement to acquire Cambridge Water Technology (Cambridge, Mass.; www.cambridgewatertech.com). With this acquisition, Siemens intends to strengthen its product portfolio with a leading-edge technology. The acquisition of Cambridge Water Technology is…