Latest News: Business
Haldor Topsøe licensing technology to Azerbaijan’s first ammonia-urea complex
The State Oil Company of Azerbaijan (SOCAR) has decided to build the country’s first combined ammonia-urea complex 30 km north of Azerbaijan’s capital Baku. The plant is going to play a very important role for the economy of Azerbaijan in…
Solvay and Sadara JV begins construction of H2O2 plant in Saudi Arabia
Saudi Hydrogen Peroxide Co., a newly created joint venture (JV) between Sadara Chemical Co. (Sadara; Jubail Industrial City; Saudi Arabia) and the Solvay Group (Brussels, Belgium; www.solvay.com), announced today that they have begun constructing one of the world's largest hydrogen…
Outotec to supply technology for upgrading Cu smelter in Utah
Outotec Oyj (Espoo, Finland; www.outotec.com) will supply the latest flash-smelting technology improvements to the upgrade of Rio Tinto's Kennecott Utah copper smelter in the U.S. The contract value is approximately €14 million and will be booked in Outotec's third quarter…
August CAB shows gains; equity prices neutral, ACC says
The August Chemistry Activity Barometer (CAB) from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) rose by 0.1% in August, while equity prices for chemical companies were neutral, according the ACC’s latest Weekly Chemistry and Economic Report. The…
Costello and Zeton sign MoU for modular construction
R.C. Costello & Assoc., Inc. (Redondo Beach, Calif.; www.rccostello.com) and Zeton Inc. (Burlington, Ontario, Canada; www.zeton.com) have signed a Memorandum of Understanding (MoU) to provide a customized “end-to-end” solution from feasibility studies, process simulation, front-end engineering through detailed design, procurement,…
JGC joins power-and-steam supply business in Saudi Arabia
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) announced today that, together with Marubeni Corp. and Aljomaih Holding Co., (Aljomaih; Dammam, Saudi Arabia), it has signed a contract to provide electric power and steam to three oil-and-gas complexes owned by the Saudi state-owned…
Synalloy acquires CRI, expands specialty chemicals segment
Synalloy Corporation (Spartanburg, S.C.; www.synalloy.com), a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon piping systems, announces the…
Russia’s GSE-Giprokauchuk signs major new contract with Aveva for software integration
Aveva Solutions Ltd. (Cambridge, U.K.; www.aveva.com) has announced that it has been awarded a significant new contract by LLC GSE-Giprokauchuk, Russia ’s leader in design and research for the chemical, petrochemical and synthetic rubber industries. The contract is for the…
Fourth consecutive monthly gain in leading economic indicator, ACC says
The pendulum of the U.S. economy remains on the upswing, according to the American Chemistry Council’s , released today. The economic indicator, shown to lead U.S. business cycles by an average of eight months at cycle peaks, increased 0.1 percent…
Technip to provide FEED for LNG liquefaction project in Louisiana
Technip (Paris, France; www.technip.com) was awarded the front-end engineering and design (FEED) contract for Trunkline LNG Export, LLC’s potential expansion of the existing liquefied natural gas (LNG) import terminal located in Lake Charles, Louisiana.The potential expansion project includes a LNG…