Latest News: Business
John Rolando is named president of Evonik
John Rolando has been named president of Evonik Corporation, effective April 1. Rolando replaces Tom Bates, who is retiring after more than 15 years — the last five as president — at the North American subsidiary of Evonik Industries (Essen,…
UOP technology selected for petrochemicals complex in Brunei
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that its technology has been selected to produce key petrochemicals in a new complex in Brunei. Brunei Hengyi Industries Sdn Bhd, a subsidiary of China’s Zhejiang Hengyi Group Co.,…
KBR wins fabrication award for first Canadian oil-sands CCS project in Alberta
KBR (Houston; www.kbr.com) announced today that Shell Canada Energy has selected KBR to perform off-site modularization and pipe fabrication at their Edmonton Module Facility. This historic project will use Shell Quest Carbon Capture and Storage (CCS) technologies to reduce CO2 emissions…
Toyo awarded PE-plant contract in Egypt
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) has been jointly awarded with ENPPI, an engineering company under the Egyptian Ministry of Petroleum, a contract to build a 400,000 ton/yr polyethylene (PE) plant as part of Ethydco's petrochemical complex to be…
ACC leading indicator rises for 8th consecutive month
The chemical activity barometer (CAB), a macroeconomic leading indicator developed by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose in March on a three-month-moving-average (3MMA) basis. The March gain is the eighth consecutive monthly gain, and the CAB readings…
Sinopec Sichuan Vinylon Works and Davy announce the acceptance of a methanol plant in China
China Petrochemical International Ltd. (Sinopec International), Sinopec Sichuan Vinylon Works (SVW) and Davy Process Technology (Davy; London, England; www.davyprotech.com), a wholly owned Johnson Matthey subsidiary, are pleased to announce the acceptance of a 771,000 metric ton (m.t.) per year methanol…
ThyssenKrupp to build complete cement plant in Indonesia
ThyssenKrupp Polysius has won a contract from PT Holcim Indonesia Tbk., Jakarta, to build a second cement plant near the town of Tuban on the northern coast of the island of Java. The contract is worth around $250 million and…
Markus Steilemann is appointed head of Bayer’s Polycarbonates business unit
Bayer MaterialScience (Leverkusen, Germany; www.materialscience.bayer.com) has appointed Markus Steilemann as the new head of its Polycarbonates business unit. He succeeds Michael Koenig, who will join the Board of Management of Bayer AG on April 1, 2013. At the same time,…
UOP PDH technology selected by Williams for propylene plant in Canada
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its UOP C3 Oleflex process technology has been selected by Williams (Tulsa, Okla.) to produce propylene, a valuable petrochemical used in plastics production. The selection is the sixth win…
ICIG kicks off €53-million investment at PPC in Thann
PPC (Thann, France; www.ppchemicals.com), a company of WeylChem Group (Frankfurt am Main, Germany; www.weylchem.com), the fine chemicals platform of International Chemical Investors Group (ICIG; Luxembourg), has secured bank financing from Commerzbank for the conversion of the mercury electrolysis plant. The…