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Latest News: Business

Fluor and TechnipFMC complete EPCM work for Sasol in Louisiana

Fluor Corp. (Irving, Tex.; www.fluor.com) announced that its joint venture with TechnipFMC plc (Houston; www.technipfmc.com) has successfully completed its engineering, procurement and construction management (EPCM) services scope of work on Sasol’s world-scale petrochemical complex in Westlake, Louisiana. The joint venture…

Honeywell and Wood to collaborate on Connected Plant technologies in refining and petrochemicals markets

Honeywell UOP (Des Plaines, Ill.; www.uop.com) and Wood (www.woodplc.com) will work together through the Honeywell Connected Plant platform to commercialize digital services that help refiners and petrochemical manufacturers make their operations safer, more efficient and more reliable. Honeywell UOP has partnered with…

Thermo Fisher announces capacity expansions in Italy and North Carolina

Thermo Fisher Scientific Inc. (Waltham, Mass.; www.thermofisher.com) announced that it is investing $150 million in its Pharma Services business to provide additional capacity for sterile liquid and lyophilized product development and commercial manufacturing. Included in the site expansion projects are…

Lubrizol finalizes acquisition of Laboratoire Phenobio

The Lubrizol Corp. (Cleveland, Ohio; www.lubrizol.com) announced the acquisition of Laboratoire Phenobio, an innovative supplier of naturally-derived extracts and botanical active ingredients. Recognized across the world as a pioneer in botanical extracts and natural performance ingredients, this addition expands Lubrizol's…

Solvay invests in AI software developer Noble.AI

Solvay S.A. (Brussels, Belgium; www.solvay.com) has invested in Noble.AI, a leading developer of software that helps R&D organizations speed up their innovation efforts. Noble’s software, which incorporates physics-based principles into an artificial intelligence engine, will enable Solvay to accelerate its…

Lanxess significantly expands benzyl alcohol capacity

Lanxess AG (Cologne, Germany; www.lanxess.com) is expanding its production capacity for the industrial chemical benzyl alcohol for the global market by around 30%. The two-stage expansion of the plant at the German site in Krefeld-Uerdingen is scheduled for completion by…

thyssenkrupp wins major order for fertilizer complex in Egypt

Thyssenkrupp’s plant engineering business (Dortmund, Germany; www.thyssenkrupp-industrial-solutions.com) has won a major order from the Egyptian chemical and fertilizer manufacturer NCIC (El Nasr Company for Intermediate Chemicals). The order for the engineering, procurement and construction (EPC) of a new fertilizer complex…

Global chemicals production rose 0.1 in January, ACC says

Data collected and tabulated by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) show that global chemicals production rose 0.1 percent in January. This follows a 0.3 percent gain in December, stable activity in November and a 0.1 percent gain…

Nokia joins Pöyry and Infosys on industrial artificial intelligence offering

Nokia (Espoo, Finland; www.nokia.com) announced that it will partner with Pöyry PLC (Helsinki, Finland; www.poyry.com), an international consulting and engineering company, and Infosys (Bengaluru, India; www.infosys.com), a global leader in next-generation digital services and consulting, to further enhance and accelerate…

McDermott announces startup of PetroChina’s new alkylation unit in Jilin

McDermott International, Inc. (Houston; www.mcdermott.com) announced the successful commercialization and startup of its single largest CDAlky reactor to date at PetroChina's refinery in Jilin, China. The 350,000-metric-tons-per-year (m.t./yr; 9,000 barrels per day) plant is one of four CDAlky projects awarded…