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Latest News: Business

AGC Triples U.S. biopharmaceutical production capacity

AGC Inc. (Tokyo; www.agc.com) announced a major expansion of AGC Biologics, a U.S>-based subsidiary of the company. At AGC Biologics’ Seattle site, plans have been finalized to install twelve additional 2,000-L single-use mammalian-cell bioreactors, and to establish a brand new…

McDermott awarded two polypropylene contracts in India

McDermott International, Inc. (Houston; www.mcdermott.com) announced that it has been awarded two sizeable technology contracts by Indian Oil Corporation Ltd. (IOCL) for the license and basic engineering design of a 200,000-metric-tons-per-year (m.t./yr) polypropylene (PP) plant in Barauni, India, as well…

Técnicas Reunidas wins FEED contract for Adnoc and Cepsa’s joint LAB project

The Abu Dhabi National Oil Company (ADNOC; www.adnoc.com), and its project partner Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com), have announced the awarding of the front-end engineering design (FEED) contract to Técnicas Reunidas S.A. (TR; Madrid, Spain; www.tecnicasreunidas.es)…

Veolia and Sadara to construct industrial waste-to-energy facility

Sadara Chemical Company (Sadara; www.sadara.com), a Joint Venture developed by Saudi Aramco & The Dow Chemical Company, and Veolia Middle East SAS have inked an agreement for the construction and operation of a sustainable industrial waste-to-energy facility in PlasChem Park,…

thyssenkrupp fertilizer-production technology wins over Saudi customer Ma’aden again

The Saudi Arabian Mining Company (Ma’aden) will use the dual-pressure ammonia process developed by thyssenkrupp Industrial Solutions AG (Milton Keynes, U.K.; www.thyssenkrupp-materials.co.uk) in the new “Phosphate 3” ammonia plant at its fertilizer complex. As a subcontractor of the South Korean…

Saudi Aramco and Raytheon form cybersecurity joint venture

Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Raytheon Co. (Waltham, Ma.; www.raytheon.com), through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture  company that will develop and provide best-in-class cybersecurity services in Saudi Arabia…

PPG to acquire industrial coatings manufacturer Whitford Worldwide

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) announced that it has reached a definitive agreement to acquire Whitford Worldwide Company, a global manufacturer that specializes in low-friction and nonstick coatings for industrial applications and consumer products. The transaction is expected to…

KBR commissions first ammonia plant based on PurifierPlus technology

KBR, Inc. (Houston; www.kbr.com) announced that it has fully commissioned its first PurifierPlus ammonia process based greenfield plant at PT Panca Amara Utama (PAU) in Sulawesi, Indonesia. The total installed cost of the PurifierPlus technology is typically 10-15% less than…

Mistras Group acquires Canadian pipeline inspection specialist

MISTRAS Group, Inc. (Princeton Junction, N.J.; www.mistrasgroup.com) announced that it has acquired 100% of the stock of Onstream Pipeline Inspection Services, Inc.(Alberta, Canada), a leading North American provider of proprietary technology enabling pipeline inspection and data analytics services.  The preliminary…

Sibur begins construction on Russia’s first maleic anhydride plant

Sibur (Moscow; www.sibur.com)  has launched the construction of a maleic anhydride (MAN) production facility at Sibur’s Tobolsk production facility. Maleic anhydride is used in the construction, agriculture, automotive, paint and varnish, furniture, pharmaceutical and other industries. It serves as feedstock…