Latest News: Business
Ineos Technologies has been selected by Sibur for four PE units
Ineos Technologies (Lyndhurst, U.K.; www.ineos.com) has licensed its Innovene G and Innovene S processes for the manufacture of linear low density and high density polyethylene (PE) products to the ZapSibNeftekhim production complex of Sibur in Tobolsk, Russia. The two 400,000…
DeZurik to acquire Hilton Valve
DeZurik, Inc. (Sartell, Minn.; www.dezurik.com), a global leader in municipal and industrial valves, has reached a definitive agreement to acquire Hilton Valve, Inc., a producer of fabricated large-diameter and custom knife-gate valves, effective July 9, 2012. The combining of Hilton…
Strong gains in capital spending expected for U.S., ACC mid-year report says
Strong gains in capital spending by U.S. chemical manufacturers are expected during the next several years, according to the Mid-Year 2012 Situation and Outlook report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Capital spending for U.S. chemistry will…
Wison wins Puerto la Cruz oil refinery in Venezuela
Wison Engineering Ltd. (Shanghai, China; www.wison.com ), China’s largest private sector chemical engineering, procurement and construction (EPC) service provider, has been officially awarded an EPC contract by PDVSA Petroleo, S.A. (PDVSA), Venezuela’s state-run oil company, at the Puerto la Cruz…
Technip awarded two contracts for a petrochemical complex in Russia
Technip (Paris, France; www.technip.com) was awarded by ZapSibNeftekhim LLC (an affiliate of JSC Sibur Holding) two front-end engineering and design contracts for plants located in Tobolsk, in the Tyumen Region of Russia. The first contract concerns a linear low/high density…
ACC’s Chemical Activity Barometer (CAB) suggests slowing economic growth
The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) today released the first monthly report of its Chemical Activity Barometer (CAB), a new leading macroeconomic indicator. The data suggest that the broader U.S. economic recovery is slowing. The June CAB indicates…
EPA extends CDR reporting deadline
The U.S. Environmental Protection Agency (EPA; Washington, D.C.; www.epa.gov) is extending the Chemical Data Reporting (CDR) submission deadline for 2012 reports from June 30, 2012, to August 13, 2012. The CDR requires manufacturers (including importers) of certain chemical substances…
ECHA seeks public consultation on inclusion of substances on authorization list
The European Chemicals Agency (ECHA) is seeking public input regarding a list of ten substances it is planning to recommend for inclusion on the European Commission’s Authorization List. The chemicals include: Formaldehyde, oligomeric reaction products with aniline (technical MDA)…
Linde wins contract for ethylene plant in Russia
The Linde Group (Munich, Germany; www.linde.com) has received an engineering contract for the licensing and front end engineering design (FEED) of one of the world’s largest ethylene plants in Tobolsk, Western Siberia. The contract was awarded by Russia’s largest petrochemical…
Siebtechnik centrifuge deal brings large-capacity machines to China
Under a recently signed €20 million contract, Siebtechnik GmbH (Muelheim, Germany; www.siebtechnik.de) has begun delivery of a set of 40 large-capacity centrifuges to Chinese potash producer Qinhai Salt Lake Industry Co. (Qinghai Potash Production; QPP; Golmud, China). On Wednesday evening…