Latest News: Business
Samsung lands first fertilizer contract in Latin America
Samsung Engineering Co., (Seoul, Korea; www.samsungengineering.co.kr) has received a notification of award (NOA) for an $843-million fertilizer plant from Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company. It is a historic project order for Samsung Engineering as it marks…
CB&I awarded EPCM contract for butadiene extraction plant in Belgium
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by BASF SE (Ludwigshafen, Germany; www.basf.com) for the engineering, procurement and construction management (EPCM) of a new butadiene extraction plant in Antwerp, Belgium. The contract, which is valued in excess…
Jacobs lands EPC contract from Methanex
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract from Methanex Corp., the world’s largest methanol supplier to major international markets, to provide engineering, procurement and construction (EPC) services for a methanol production facility in Louisiana. Officials estimate…
Bio-based butadiene agreement signed by Invista and LanzaTech
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OECD CLI points to easing economic activity, ACC says
The Organization for Economic Co-operation and Development (OECD) composite leading indicator (CLI) for June and other data “continue to point to an easing of economic activity” in most major OECD economies and slowdowns in most major non-OECD economies,” according to…
Worley Parsons lands EPCM contract from Liaoning North Dynasolor
Liaoning North Dynasol, a 50/50 joint venture between Shanxi North Xing’an and Dynasol, has recently awarded to WorleyParsons Ltd.’ (North Sydney, Australia; www.worleyparsons.com) Tianjin office in China with the EPCM (engineering, procurement and construction management) and commissioning contract for the…
Oxea expands its portfolio with new special alcohols
Chemical manufacturer Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com) says that it is expanding its product portfolio by offering a broader range of higher alcohols. For this purpose, Oxea invested in additional hydrogenation capacities at the Oberhausen site. In the third quarter…
CSB deploys to fire and explosion at Chevron refinery
A seven-member investigative team from the U.S. Chemical Safety Board (CSB; www.csb.gov) is deploying to the scene of an explosion and fire that occurred Monday, August 6, at the Chevron Refinery in Richmond, Calif. The team will be headed by…
Praxair breaks ground on new ASU in Memphis
To support the current and projected industrial growth in the U.S. Southeast region, Praxair, Inc. (Danbury, Conn.; www.praxair.com) broke ground on its new air separation unit (ASU) in Memphis, Tenn. With a capacity of 600 ton/d, the new plant is…
Jacobs receives contract from Codelco
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a contract from Codelco, the National Copper Corp. of Chile and world leader in copper production, to provide engineering services for an anticipated 200,000 metric tons (m.t.) per day copper mine…