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Latest News: Business

Johnson Matthey appoints new chairman

The Board of Directors of Johnson Matthey (JM; London, www.matthey.com) has announced that Patrick Thomas will succeed Tim Stevenson as Chairman. Patrick will join the board as Non-Executive Director and Chairman Designate on 1st June 2018. He will be appointed…

Praxair starts up H2 and N2 supply for Yara and BASF’s Freeport ammonia plant

Praxair, Inc. (Danbury, Conn.; www.praxair.com) has started to supply hydrogen and nitrogen to Yara Freeport LLC, a world-scale ammonia plant in Freeport, Texas. The plant, which is a joint venture between Yara International and BASF, has a capacity of 750,000…

Saudi Aramco and RRPCL to proceed with refining and petrochemicals megaproject in India

Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) signed a Memorandum of Understanding (MOU) with Ratnagiri Refinery and Petrochemicals Ltd. (RRPCL), a consortium of Indian oil companies that includes The Indian Oil Corporation Ltd. (IOCl), Bharat Petroleum Corporation Ltd. (BPCL) and Hindustan…

KBR’s ROSE technology selected for refinery upgrade in Chile

KBR, Inc. (Houston; www.kbr.com) announced that it has been awarded a license and engineering (LBED) contract by ENAP Refinerías SA (ENAP) to utilize KBR's ROSE solvent deasphalting technology at their Bío Bío refinery in Concepcion, Chile. Under the terms of…

Yara and BASF open world-scale ammonia plant in Freeport, Texas

Yara International ASA (Oslo, Norway; www.yara.com) and BASF SE (Ludwigshafen, Germany; www.basf.com) celebrated the opening of a new world-scale ammonia plant in Freeport, Texas, USA. The $600-million, state-of-the-art facility uses a cost-efficient and sustainable production process, based on by-product hydrogen…

Orion Engineered Carbons selects Topsoe’s fluegas technology for Louisiana site

Orion Engineered Carbons S.A. (Luxembourg; www.orioncarbons.com) has signed a contract for Haldor Topsoe’s (Lyngby, Denmark; www.topsoe.com) sustainable fluegas cleaning technology, SNOX. The contract has a value of a three digit million DKK amount. The solution will remove SOx, NOx and dust…

BASF starts up new polyarylsulfone production line in South Korea

BASF SE (Ludwigshafen, Germany; www.basf.com) has started up a new production line for its high-temperature resistant thermoplastic Ultrason (polyarylsulfone) at its site in Yeosu, South Korea. With the new line, the global annual capacity for Ultrason will increase by 6,000…

Saudi Aramco and Total confirm intent to build world-scale petrochemicals complex in Jubail

Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Total S.A. (Paris, France; www.total.com) signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia. The complex will be integrated downstream of the SATORP refinery, a joint venture…

Motiva Enterprises signs MoUs with TechnipFMC and Honeywell UOP

Motiva Enterprises LLC (Houston; www.motiva.com), a wholly-owned downstream oil and gas subsidiary of Saudi Aramco, recently signed Memorandums of Understanding (MoUs) worth around $8–10 billion with U.S. companies Honeywell UOP LLC (Des Plaines, Ill.; www.uop.com) and TechnipFMC plc, in a…

WorleyParsons completes acquisition of M+W Group assets in Germany

WorleyParsons Ltd. (North Sydney, Australia; www.worleyparsons.com) announced the completion of the strategic acquisition of the Ludwigshafen and Schwarzheide offices of the M+W Group in Germany. The business acquired provides engineering services supporting the world-scale facilities of the chemical companies in…