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Latest News: Business

Emerson expands steam-system offerings with acquisitions from Circor International

Emerson (St. Louis, Mo.; www.emerson.com) has acquired the Spence and Nicholson product lines from Circor International. The acquisition complements Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings. The Spence and Nicholson lines are established industry-leading…

Sibur to sell Togliatti-based production assets to Tatneft

Sibur (Moscow; www.sibur.com) and Tatneft signed a letter of intent with respect to Togliatti-based petrochemical facilities. Under the deal, Sibur plans to sell and Tatneft plans to acquire certain production and other assets that are currently registered in the name…

HIMA partners with ECT to expand its rotating machinery business

HIMA Paul Hildebrandt GmbH (Brüh, Germany; www.hima.com) has entered into a partnership with Energy Control Technologies (ECT; Urbandale, Iowa; www.energycontroltechnologies.com), a company focused on the rotating machinery market. The partnership will combine the strength of HIMA’s SIL rated products and…

New Wacker Production Plant for Dispersible Polymer Powders Goes on Stream in South Korea

Following a construction phase lasting 20 months, Wacker Chemie AG (Munich, Germany; www.wacker.com) has brought a new spray dryer for the production of dispersible polymer powders on stream in Ulsan, South Korea. The plant is part of an ongoing site…

Messer commissions large production plant for gases in Vietnam

Messer Group GmbH (Bad Soden, Germany; www.messergroup.com) has commissioned a new production plant for air gases in Dung Quất, a coastal city in the center of Vietnam. The air separation plant is located on the site of the new steelwork…

Japanese consortium begins study for licensing plastic-waste gasification facilities

JGC Corp. (Yokohama, Japan; www.jgc.com), Ebara Environmental Plant Co., Ltd., Ube Industries, Ltd. and Showa Denko K.K. (SDK) announced that they started a study of collaboration for an Engineering, Procurement and Construction (EPC) business for plastic waste gasification facilities utilizing…

Dow enters partnership with Fuenix focused on recycled feedstocks

Dow (Midland, Mich.; www.dow.com) announced an agreement with the Fuenix Ecogy Group, based in Weert, The Netherlands, for the supply of pyrolysis oil feedstock, which is made from recycled plastic waste. The feedstock will be used to produce new polymers…

GTM ONE choses Topsoe SynCOR technology for world-scale methanol plant in Volgograd

Haldor Topsoe A/S Lyngby, Denmark; www.topsoe.com), Mitsubishi Heavy Industries Engineering, Ltd. (Yokohama, Japan; www.mhiengineering.com) and GTM ONE have signed a license agreement for the design, construction, and operation of a 3,000-ton/d methanol plant based on Topsoe’s SynCOR Methanol technology. The…

DIC to acquire BASF’s global pigments business

BASF SE (Ludwigshafen, Germany; www.basf.com) and the fine chemical company DIC Corp. (Tokyo, Japan; www.dic-global.com) have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion. The…

GE to deliver power-generation technologies for Poland’s largest petroleum refinery

GE Steam Power (www.ge.com/power/steam) has been selected by Polish petroleum refiner PKN Orlen (www.orlen.pl) to deliver a full lifecycle power-generation package for its Plock refinery plant, which includes a new steam turbine generator set, Predix Asset Performance Management (APM) software…