Chevron Corp. (San Ramon, Cakif.; www.chevron.com) and Atlas Energy, Inc. (Philadelphia, Pa.; www.atlasenergyresources.com) announced today that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition will provide…
CB&I (The Woodlands, Tex.; www.cbi.com) has signed an agreement with Sabic Americas Inc. (Houston; www.sabic.com/americas/en) to jointly develop and commercialize toluene methylation technology. Toluene methylation is used to selectively produce para-xylene within an aromatics complex. The technology was developed around…
A database just released by the U.S. Dept. of Energy (DOE; Washington, D.C.; www.energy.gov) documents the worldwide growth of gasification, the expected technology of choice for future coal-based plants that produce power, fuels, and chemicals with near-zero emissions. The 2010…
Celanese Corp. (Dallas, Tex.; www.celanese.com) plans to construct manufacturing facilities in China and the U.S. to utilize recently-developed advanced technology for the production of ethanol for chemical applications and other industrial uses. Celanese’s innovative process technology builds on the company’s…
Lanxess AG (Leverkusen, Germany; www.lanxess.com) has agreed to acquire two businesses from Flexsys, a division of Solutia Inc. (St. Louis, Missouri) to strengthen the portfolio of its Rubber Chemicals business unit. Lanxess will acquire the primary accelerator business as well…
BASF Catalysts LLC (Iselin, N.J.; www.basf.com) has entered into an original equipment manufacturing (OEM) agreement with Chemiewerk Bad Köstritz (Thüringen, Germany; www.cwk-bk.de) to market molecular sieve products targeted at the natural gas, petroleum refining, petrochemical and air-drying markets. BASF commented…
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Turkey is currently undergoing very dynamic development; the Turkish economy saw growth of more than 10% in the first half of 2010. High technology and energy sectors have seen accelerated growth for a number of years. In this context, Air…
Joint Venture Panama (JVP), a joint venture led (70%) by SNC-Lavalin (Montreal, Canada; www.snclavalin.com), along with partners GyM S.A. (a member of Graña y Montero Group) (15%) and Techint International Construction Corp. (15%), is pleased to announce that it has…
Total S.A. (Paris, France; www.total.com) and the Chinese energy group China Power Investment Corp. (CPI) announced their intention to build a coal-based petrochemical plant in China. The two companies signed a letter of understanding (LOU) today in Paris during the…