Latest News: Business
Foster Wheeler establishes new JV E&C company in China
Foster Wheeler AG (Zug, Switzerland, www.fwc.com) announced today that a subsidiary of its Global Engineering and Construction (E&C) Group has signed an equity purchase agreement with CEFOC (The Fourth Construction Company Ltd. of China Electronics System Engineering) to purchase a…
Praxair expands hydrogen supply with Gulf Coast startup
Praxair, Inc. (Danbury, Conn.; www.praxair.com) today announced the startup of its state-of-the-art, 135 million standard cubic feet per day (scfd) hydrogen plant serving the Valero petroleum refinery in Port Arthur, Texas and other customers. The new plant houses the largest…
Styron announces sale of expandable polystyrene business to Ravago
Styron Europe GmbH (Horgen, Switzerland; www.styron.com) and Ravago S.A. announced jointly today that they have signed a definitive agreement under which Styron’s Expandable Polystyrene (EPS) business will be sold to RP Compounds, a subsidiary of Ravago S.A., for an undisclosed…
Chemical production in the U.S. is flat for June, but forecasts indicate growth, ACC says
The U.S. Chemical Production Regional Index (U.S. CPRI) was flat in June, following a 0.1% gain the previous month, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). During June, chemical production rose in the Midwest, Mid-Atlantic and West…
Siemens and Midrex to build direct-reduction plant for voestalpine in Texas
Siemens Industry Inc., USA (www.siemens.com/metals), and consortium partner Midrex Technologies, Inc. (Charlotte, N.C.; www.midrex.com) received an order from the Austrian voestalpine group (www.voestalpine.com) to build a direct reduction plant in the U.S. The Midrex plant will be constructed near the…
Nordson to acquire Kreyenborg Group’s polymer processing businesses
NordsonCorp. (Westlake, Ohio; www.nordson.com) announced it has entered into a definitive agreement to acquire Münster, Germany based Kreyenborg Group’s Kreyenborg GmbH and BKG Bruckmann & Kreyenborg Granuliertechnik GmbH companies. Material terms of the transaction are being provided in required regulatory…
Oriental Energy selects Ineos PP process technology for project in Ningbo, China
Ineos Technologies (Rolle, Switzerland; www.ineos.com) announced that it has been chosen to provide the Innovene PP process to Oriental Energy Company Limited based in Nanjing for its subsidiary, Ningbo Fuji Petrochemical Company Limited. The unit, to be built in Ningbo,…
Clariant signs long-term ethylene supply contract with OMV
Clariant International Ltd. (Muttenz, Switzerland; www.clariant.com), announced that it has signed a long-term supply contract with OMV. From 2015, the Austrian oil and gas company will supply Clariant's site in Gendorf (Germany) with ethylene. This agreement will enable Clariant to…
Sapphire Energy and Linde expand partnership for algae-based crude
Sapphire Energy, Inc. (San Diego, Calif.; http://www.sapphireenergy.com/), a producer of algae-based crude oil, and the technology company The Linde Group AG (Munich, Germany; www.the-linde-group.com) announced they will expand their partnership to commercialize a new industrial-scale conversion technology needed to upgrade…
Metso wins service contract for Pearl GTL plant in Qatar
Metso Corp. (Helsinki, Finland; www.metso.com) was awarded a service contract by Qatar Shell supporting an earlier delivery of valves and intelligent positioners to the Pearl Gas-to-Liquids (GTL) Project in Ras Laffan Industrial City. Jointly developed by Qatar Petroleum and Shell,…