Latest News: Business
Foster Wheeler: New refinery in Turkey
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says a subsidiary of its Global Engineering and Construction Group has been awarded contracts by SOCAR & TURCAS Rafineri A.S. (STRAS) for its planned grassroots refinery to be built within the Petkim Petrokimya A.S.…
AkzoNobel to divest National Starch business for $1.3 billion
Akzo Nobel N.V. (Amsteredam, the Netherlands; www.akzonobel.com) today announced the sale of its National Starch business to Corn Products International (Westchester, Ill.). The company will receive $1.3 billion in cash and the buyer will assume certain pension and employee benefit liabilities.…
Chemical production down in May, but industrial output surges
Overall production in the chemical industries fell by 0.9% in May, following a 0.4% gain in April, but wider industrial production surged ahead by a greater-than-expected 1.2% in May, the American Chemistry Council (ACC; Arlington, Va.; www.americanchemistry.com) Weekly Chemistry and…
RWE Power awards licence to build FB drying plants for lignite to Linde subsidiary
RWE Power (Cologne, Germany; www.rwe.com) and Linde-KCA-Dresden GmbH (www.linde-kca.com), a subsidiary of The Linde Group (Munich, Germany; www.linde.com), have signed a framework agreement on the use of technology developed by RWE Power for drying lignite. This turns Linde-KCA-Dresden into a provider…
BASF & RTI to develop new carbon capture technology
BASF SE (Ludwigshafen, Germany; www.basf.com) and RTI International (Research Triangle Park, N.C.; www.rti.org), are joining forces to develop a new, exceptionally cost-effective technology to capture carbon dioxide from waste gases emitted by coal-fired power plants and other industrial sources. The…
BMS invests in integrated production network
Bayer MaterialScience (BMS; Leverkusen, Germany; www.bayermaterialscience.com) will continue in the future to network its activities in North Rhine-Westphalia (NRW) at the Leverkusen, Dormagen and Krefeld-Uerdingen Chemparks. This task transfers as of July 1, 2010, to the Bayer subgroup’s newly established NRW…
Pöyry: engineering and project-services contract
Pöyry Plc. (Vantaa, Finland; www.poyry.com) has been awarded engineering and project services contract by Kevitsa Mining AB, a subsidiary of First Quantum Minerals Ltd. (FQML), for its Kevitsa nickel/copper concentrator project in Northern Finland. The value of the contract is expected…
Fluor/AMEC JV wins Canadian mining contract
Fluor Corp. Irving, Tex.; www.fluor.com) announced that Terrane Metals Corp. (British Columbia, Canada) awarded British Columbia Mining Joint Venture (BCMJV) — a 50:50 joint venture between Fluor Canada Ltd. and AMEC Americas Ltd. — a contract to perform engineering, procurement and…
Nearly $1 billion for industrial CCS
U.S. Energy Secretary Steven Chu today announced that three projects have been selected to receive up to $612 million from the American Recovery and Reinvestment Act — matched by $368 million in private funding — to demonstrate large-scale carbon capture…
BASF increases PIB capacity
BASF S.E. (Ludwigshafen, Germany; www.basf.com) has started up a new plant for the production of low-molecular-weight, highly reactive polyisobutene (HR PIB) at its site in Ludwigshafen, Germany, thus increasing its capacity by 25,000 metric tons (m.t.) per year to 40,000 m.t./yr.…