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Latest News: Business

KBR awarded FCC technology contract by Raízen Argentina

KBR, Inc. (Houston) announced that it has been awarded a contract by Raízen Argentina for modernizing the Fluid Catalytic Cracking (FCC) unit at its Buenos Aires Refinery. Under the terms of the contract, KBR will provide a basic engineering package…

Air Liquide to build €70-million gases plant in Wuhan, China

Air Liquide (Paris) will invest around €70 million to build a state-of-the-art gases plant in Wuhan, Central China, to supply a major memory chipmaker. Air Liquide has been producing ultra-pure industrial gases for this leading Chinese high-tech company for more…

Lonza to expand manufacturing center in Nansha, China

Lonza AG (Basel, Switzerland) announced new investments in GMP laboratories and mid-scale manufacturing assets at its API manufacturing center in Nansha, China. The investments, totaling over CHF 20 million (around $22 million), will allow Lonza to provide a smoother transition…

Baker Hughes expands carbon-capture portfolio with investment in bio-methanation technology company Electrochaea

Baker Hughes (Houston), an energy technology company, has announced an investment in Electrochaea, a growth-stage company developing novel proprietary bio-methanation technology. Through its investment, Baker Hughes will enhance its broader carbon capture and utilization (CCU) portfolio and provide an integrated…

Primetals Technologies commissions hydrogen-based ore-reduction pilot plant

Primetals Technologies Ltd. (London, U.K.) has announced that its the Hydrogen-based fine-ore reduction (HYFOR) pilot plant developed was commissioned at the voestalpine site in Donawitz, Austria. First tests were successful. Testing with various iron ore concentrates will continue to collect…

Mega-scale green-hydrogen project under development in Kazakhstan

The German investor and project developer SVEVIND Energy GmbH and Kazakh Invest National Company JSC have signed a memorandum of understanding regarding SVEVIND’s plan to develop and realize mega-sized facilities for producing green hydrogen by utilizing wind and solar power…

5G augmented-reality pilot project underway at Cepsa’s La Rábida refinery

Vodafone España, S.A.U., in collaboration with Capgemini, has developed two use cases for the Pilot 5G Andalucía project, which will being carried out at Cepsa’s (Madrid, Spain) La Rábida refinery in Palos de la Frontera (Huelva). These projects will show…

U.S. chemical production trend improved in May, ACC says

The U.S. Chemical Production Regional Index (U.S. CPRI), rose 4.6% in May following a 1.2% decline in April and a 3.4% drop in March, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). During May, chemical output rose in…

Técnicas Reunidas awarded $240-million contract from Gazprom Neft

Técnicas Reunidas S.A. (TR; Madrid, Spain) has been awarded by Gazprom Neft a $240 million contract for the development of a modern unit for treating a residual oil at Moscow Refinery. The scope of works which will be implemented during…

Air Liquide completes acquisition of world’s largest oxygen-production site

Air Liquide (Paris) has finalized the acquisition from Sasol Ltd. (Johannesburg, South Africa) of 16 Air Separation Units (ASU) located in Secunda, South Africa. Air Liquide will operate this site - the biggest oxygen production site in the world -…