Latest News: Business
Bechtel providing EPC services for California Valley Solar Ranch
Bechtel (Frederick, Md.; www.bechtel.com) has received full notice to proceed for construction of the California Valley Solar Ranch (CVSR) project, one of the largest solar photovoltaic (PV) plants being built in the world. Bechtel is providing engineering, procurement, and construction…
Fluor receives full notice to proceed on contracts for Conga mine project in Peru
Fluor Corp. (Irving, Tex.; www.fluor.com) announced today that the company's Mining business received a full notice to proceed for Newmont Mining’s Conga project in Peru. Additionally, a joint venture between Fluor’s Infrastructure business and Odebrecht was awarded the earthworks scope…
Outotec signs ferrochrome plant delivery agreement with TISCO JV in China
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Shanxi Taigang Wanbang Furnace Charge Co. — a joint venture (JV) between Shanxi Jinzhong Industrial Trading Co. Ltd. and the world's largest stainless steel producer, Taiyuan Iron and Steel Co. Ltd. (referred…
Evonik acquires the Pharmaceuticals business of SurModics
Evonik Industries AG (Essen, Germany; www.evonik.com) has reached an agreement to acquire the Pharmaceuticals business of SurModics, Inc. (Eden Prairie, Minn.). Signing took place on November 1, 2011 and the transaction is expected to close shortly. Following the acquisition of…
Tecnimont & Stamicarbon: New contract for fertilizer project in Egypt
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. (Rome, Italy; www.mairetecnimont.it) has been awarded an engineering-procurement-construction-commissioning (EPCC) contract on a lump-sum turnkey basis for the realization of a new fertilizers complex within the existing industrial area in…
Dow and Davy license LP Oxo Technology to Wison (Nanjing) Clean Energy
Davy Process Technology Ltd. (DPT; London, U.K.; www.davyprotech.com), a Johnson Matthey company, and The Dow Chemical Company’s (Midland, Mich.; www.dow.com) Oxygenated Solvents business announced that Wison (Nanjing) Clean Energy Co. (Wison Energy), a member company of the Wison Group (www.wison.com) located in…
Toyo awarded energy-optimization project at Sabic
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) was awarded an energy optimization project for one of Saudi Basic Industries Corp.’s (Sabic; ; Riyadh, Saudi Arabia; www.sabic.com) existing ammonia plant and pack age boilers at Al-Jubail Fertilizer Co. (Al-Bayroni) in the…
Oxea to build its first production plant in China
Oxea GmbH (Oberhausen, Germany; www.oxea-chemicals.com) says it will build its first chemical plant for the production of oxo derivatives in Nanjing, China, in 2012. Scheduled to go on-stream in 2013, the new state-of-the-art plant will serve the fast-growing demand for oxo…
DOE to invest $60 million to develop CSP technologies
As part of the U.S. Dept. of Energy’s (DOE; Washington, D.C.; www.energy.gov) SunShot Initiative, Energy Secretary Steven Chu today announced a $60 million investment over three years for applied scientific research to advance cutting-edge concentrating solar power (CSP) technologies. CSP…
Lummus Technology lands contract in China
CB&I (The Woodlands, Tex.; www.cbi.com) announced today that Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. Ltd. for the license and engineering design of two light olefins recovery units. The plants will…