Fluor Corp. (Irving, Tex.; www.fluor.com) announced that Bruce Stanski has been appointed as Fluor’s chief financial officer (CFO) effective Aug. 4, 2017, replacing Biggs Porter, whose retirement was previously announced in March. Porter will continue to support Fluor as an…
Half a year after the announcement of the 2030 strategy, MOL Group (Budapest, Hungary; https://molgroup.info/en) has reached an important milestone in its industrial transformational journey. The license agreements signed with Evonik Industries AG (Essen, Germany; www.evonik.com) and thyssenkrupp AG (Essen,…
LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) announced that Liaoning Bora Petrochemical Co., Ltd, has selected LyondellBasell’s world leading polypropylene (PP) and polyethylene (PE) technologies for three new plants. The plants will be constructed in its new petrochemical complex in Panjin, Liaoning…
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) announced Thierry Vanlancker as its new CEO, as current chief Ton Büchner steps down with immediate effect due to health reasons. Büchner joined AkzoNobel in 2012 and has been responsible for significantly improving the performance…
Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has made a binding offer to acquire the European and Chinese operations of IVA, one of the world’s leading wire-enamel manufacturers, from its parent company Superior Essex. IVA, which has been in operation since…
The preliminary value for the May CE Plant Cost Index (CEPCI; most recent available) rose compared to the previous month’s value, making it the eighth straight month of increasing values. New data for carbon-steel plates pushed the Equipment subindex…
The Chinese Petroleum Corp. (CPC) awarded DuPont Clean Technologies (DuPont; Wilmington, Del.; www.cleantechnologies.dupont.com) the contract to supply the technology license, engineering and proprietary equipment for a MECS DynaWave wet-gas scrubbing unit to be installed at its Taoyuan refinery in Taiwan in August…
AkzoNobel’s (Amsterdam, the Netherlands; www.akzonobel.com) Specialty Chemicals business is working on plans to double production capacity at its organic peroxides facility in Ningbo, China, during the next two years. A project to boost the capacity by 40% is already underway,…
BASF SE (Ludwigshafen, Germany; www.basf.com) started the production of Palatinol DOTP (dioctyl terephthalate), a general-purpose plasticizer, at its Pasadena, Tex. facility, with a nameplate capacity of 60,000 metric tons per year (m.t./yr). The plant enables BASF to respond to the…
The Business Unit Catalysts (Munich, Germany) of Clariant (Muttenz, Switzerland; www.clariant.com) today announced the opening of a new office for its Catalysts business in Yinchuan city, capital of the Ningxia Hui autonomous region in China. With the new branch, Clariant…