Air Liquide (Paris, France; www.airliquide.com) has signed a major long-term contract with Evraz Highveld Steel and Vanadium, the second-largest steel producer in South Africa. Air liquide is investing around €40 million in a new air separation unit (ASU), with a…
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has executed a definitive agreement by which Praxair sold its advanced components business to FM Industries, Inc. (Fremont, Calif.). FM Industries is a wholly-owned subsidiary of NGK Insulators of Japan. Terms of the transaction were…
Fluor Corp. (Irving, Tex.; www.fluor.com) says that Arlington Valley Solar Energy II, LLC (AVSE II), a member of LS Power Group, has awarded Fluor a lump-sum engineering, procurement and construction (EPC) contract, as well as a separate contract for ongoing…
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) has been awarded a contract for a project to renovate cooling water facilities at a thermal power plant in Nassiriyah in southern Iraq. This marks the first post-Iraq War lump-sum contract for engineering, procurement, and…
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,…