Latest News: Business
Foster Wheeler awarded PMC contract for grassroots refinery in Turkey
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that a subsidiary of its Global Engineering and Construction (E&C) Group has been awarded a contract by STAR Rafineri A.Åž., a subsidiary of SOCAR Turkey, for project management consultancy (PMC) services for…
AkzoNobel completes sale of primary amides business to PMC Group
AkzoNobel (Amsterdam, The Netherlands; www.akzonobel.com) completed the sale of its primary amides chemicals business to the chemicals and plastics company PMC Group Inc. (Mt. Laurel, N.J.; www.pmc-group.com), effective December 31, 2013. Financial details were not disclosed. Under the terms of…
Jacobs acquires FMHC Corporation
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) announced today that it has acquired the assets of FMHC Corp. (FMHC; Chicago, Ill). FMHC is a nationwide provider of turnkey wireless communications site development, design, network deployment, construction, and related services to…
Air Products increases U.S. Midwest liquid CO2 supply
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has signed a long-term agreement for the production of liquid CO2 with Big River Resources Boyceville, LLC (Boyceville, Wisc.). Air Products will operate a facility to produce 250 ton/d of liquid CO2 at Big…
Global manufacturing PMI rises, ACC report says
The JP Morgan Global Manufacturing purchasing manager’s index (PMI) rose 0.2 points in December 2013, to a level of 53.3. The gain is 12 consecutive monthly rise, and the highest level for the index in 32 months, according to the…
Rosneft, Pirelli and Oil Techno to collaborate on synthetic rubber JV in Armenia
Rosneft, LLC (Moscow, Russia; www.rosneft.com), Pirelli Tyre Russia and Oil Techno have signed a Memorandum of Understanding (MOU) with regard to establishing a styrene-butadiene rubber (SBR) production joint venture (JV) in Armenia. The synthetic rubber JV will focus especially on…
Outotec wins orders in Turkey
Outotec (Espoo, Finland; www.outotec.com) will deliver technology and services worth over €100 million to Cengiz Group for their Mazidagi and Samsun operations in Turkey. The orders include a roasting plant for pyrite concentrates, calcine leaching and solvent extraction plants, copper…
Axiall selects Louisiana as site for proposed ethylene cracker
Axiall Corp. (Atlanta, Ga.; www.axiall.com) today announced that the company has selected the state of Louisiana as the location of a possible ethylene cracker to be built in conjunction with a related derivatives plant. Axiall proposes to construct the facility…
December CAB and November CPRIs are up, ACC says
The Chemical Activity Barometer (CAB) reading (on a three-month moving average basis) in December strengthened from November, rising 0.1 points from 93.8 to 93.9, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington,…
Foster Wheeler awarded contract for hydrogen reformers in Vietnam
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for two Terrace Wall hydrogen reformers by GS Engineering & Construction Corp., which is acting on behalf of…