Haldor Topsoe A/S (Lyngby, Denmark) and Shaanxi Yanchang Petroleum (Group) Co., Ltd. (Yanchang) form a joint venture (JV) with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market. The JV will secure fast delivery to…
Neles Corp. (Helsinki, Finland) has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox Oy (Lappeenranta, Finland). The acquisition will complement Neles' offering and exposure to the mining and metals industry.…
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 0.5% in July on a three-month moving average (3MMA) basis following a 0.8% gain in June. On a year-over-year (Y/Y)…
The Chemours Company (Wilmington, Del.) has entered into a definitive agreement to sell its Mining Solutions business for $520 million in cash to Draslovka Holding a.s., a Czech-based private company specializing in cyanide production. The transaction is expected to close…
KBR, Inc. (Houston) announced that it has been awarded technology licensing contracts by PKN Orlen (Płock, Poland) for KBR's Solvent Deasphalting (SDA) and Residue Fluid Catalytic Cracking (RFCC) technologies as part of PKN's Bottom-of-the-Barrel project for its Plock Refinery in…
The preliminary value for the CE Plant Cost Index (CEPCI; top) for May 2021 (most recent available) is once again higher than the previous month, continuing a string of substantial monthly increases since the beginning of the year. In May,…
The Lenzing Group (Lenzing, Austria) is investing GBP 20 million (around €23.3 million) to build a new, state-of-the-art wastewater treatment plant at its site in Grimsby, United Kingdom. The investment is part of the company’s plans to reduce wastewater emissions…
Saipem S.p.A. (San Donato Milanese, Italy) has announced the launch of SUISO, a technological solution for the production of green hydrogen, confirming its commitment to support its clients in the energy transition. The trademark has been registered with the European…
KBR, Inc. (Houston) announced that it has been awarded a contract by Neo Lithium Corp. in Argentina for its Tres Quebradas Lithium Project (3Q Project). Under the terms of the contract, KBR will implement its evaporation and crystallization technology solutions…
ExxonMobil Corp. (Irving, Tex.) and SABIC (Riyadh, Saudi Arabia) announced that their joint venture, Gulf Coast Growth Ventures located near Corpus Christi, Texas, has reached mechanical completion of a monoethylene glycol unit and two polyethylene units. Project startup is expected…