Latest News: Business
UOP’s C3 Oleflex process selected for propylene production in China
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, has been selected to provide technology to produce propylene in China. Fujian Meide Petrochemical Co. will use Honeywell’s UOP C3 Oleflex process technology to convert propane to propylene, a key ingredient in…
Primozone and Ozone Water Systems: U.S. strategic partnership agreement
Primozone Production AB (Löddeköpinge, Sweden; www.primozone.com) and Ozone Water Systems, Inc. (OWS; Phoenix, Ariz.; www.ozonewatersystems.com), announced today that they have entered into a strategic partnership agreement for the U.S. Under the terms of the agreement, Ozone Water Systems, a leading…
OECD CLI shows diverging growth patterns, ACC report says
The composite leading indicator (CLI) for January 2013, the most recent available, released by the Organization for Economic Cooperation and Development (OECD; Paris, France; www.oecd.org) showed a divergent growth pattern in the world’s major economies, according to the latest Weekly…
Toyo awarded synthetic resin project in Texas
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) has been awarded a contract to construct a synthetic resin (ethylene-vinyl alcohol copolymer, EVOH) production plant with a capacity of 15,000 ton/yr in La Porte, Houston, planned by the Nippon Synthetic Chemical Industry…
Ube establishes JV for synthetic rubber production in Malaysia
Ube Industries, Ltd. (Ube; Tokyo, Japan; www.ube-ind.co.jp) has established a joint venture (JV) with Lotte Chemical Corp. (Seoul, South Korea), Lotte Chemical Titan Holding Sdn. Bhd. (Kuala Lumpur, Malaysia), and Mitsubishi Corp. (Tokyo, Japan) to manufacture and market butadiene rubber…
CB&I awarded PDH contract in Korea
CB&I (The Woodlands, Tex.; www.cbi.com) announced today that it has been awarded a contract by SK gas, South Korea’s largest importer and distributor of liquefied petroleum gas (LPG), for the license and engineering design of a grassroots propane dehydrogenation (PDH)…
Samsung Engineering signs its first deal in Azerbaijan with Socar fertilizer award
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.co.kr) signed a contract, worth $650 million (€498 million), with State Oil Company of Azerbaijan Republic (Socar), Azerbaijan’s state-owned company, for the Socar Ammonia and Urea Complex project. Socar CEO Rovnag Abdullayev and Samsung…
Toyo awarded refinery modernization contract in Tatarstan
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) has been awarded a contract with TAIF-NK (Nizhnekamsk, Republic of Tatarstan, Russian Federation) to provide services for detailed engineering and procurement for the petroleum-refinery modernization project in Nizhnekamsk. TAIF-NK belongs to TAIF PSC…
BASF to start up new FCC catalysts testing and research laboratory in Heidelberg
BASF Corp. (Iselin, N.J.; www.basf.com) has announced that it will start-up a new multi-million euro fluid catalytic cracking (FCC) catalysts testing and research laboratory at the hte AG (the; www.hte-company.com) facility in Heidelberg, Germany. hte is a wholly owned subsidiary…
Davy Process Technology and SEKAB E-Technology form strategic partnership
Davy Process Technology Ltd. (Davy; London, U.K.; www.davyprotech.com), a Johnson Matthey company, and SEKAB (Rotterdam, the Netherlands; www.sekab.com), a leading player in the field of the ethanol based chemicals and biofuels, today announced at World Biofuels Markets that they are…