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Latest News: Business

Total acquires Maersk Oil for $7.45 billion

Total S.A. (Paris, France; www.total.com) is pleased to announce that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil;…

Linde to supply Hydroprime technology for renewable fuels in Sweden

The Linde Group (Munich, Germany; www.the-linde-group.com) has been awarded with the engineering and supply of a modular hydrogen manufacturing unit for St1 Refinery in Gothenburg, Sweden. Linde’s Engineering Division (www.linde-engineering.com) will start the engineering and construction of the unit immediately,…

BASF acquires Netherlands-based producer of filaments for 3d printing

BASF SE’s (Ludwigshafen, Germany; www.basf.com) New Business unit has acquired 100% of the filament producer Innofil3D, headquartered in Emmen, the Netherlands. Approval from antitrust authorities is not required. “With this acquisition, BASF is moving one step further along the value…

Linde begins supply of hydrogen and steam to Wacker’s polysilicon plant in Tennessee

Linde North America Inc. (Bridgewater, N.J.; www.lindeus.com) has successfully commenced supplying ultra-high purity hydrogen and steam to Wacker Chemie AG (Munich, Germany; www.wacker.com) for its polysilicon plant located in Charleston, Tennessee. Wacker’s state-of-the-art multi-product facility, which recently began operating in…

Saipem wins refinery pipeline contract from Kuwait Petroleum Corp.

Saipem S.p.A. (San Donato Milanese, Italy; www.saipem.com) has been awarded a new contract in the onshore E&C sector worth approximately $850 million. Activities involve engineering, procurement, construction and commissioning for the Feed Pipelines for New Refinery Project (NRP) in relation…

Linde to provide modular hydrogen plant for refinery in Sweden

The Linde Group (Munich, Germany; www.the-linde-group.com) has been awarded with the engineering and supply of a modular hydrogen manufacturing unit for St1 Refinery in Gothenburg, Sweden. Linde’s Engineering Division will start the engineering and construction of the unit immediately, with…

Wacker expands technical center in Dubai with new dedicated laboratories for dispersions and silicones

Wacker Chemie AG (Munich, Germany; www.wacker.com) is strengthening its presence in Middle East and Africa (MEA) by expanding the service portfolio of its technical center in Dubai. The center of excellence located at the “Dubai Silicon Oasis” (DSO) technology park…

Pemex Fertilizantes Selects Jacobs for Ammonia IV Rehabilitation Project

Jacobs Engineering Group Inc. (Dallas, Tex.; www.jacobs.com) has been awarded a contract from Pemex Fertilizantes to deliver project management contract (PMC) services for the Ammonia IV Rehabilitation Project in the Cosoleacaque Petrochemical Complex in Veracruz, Mexico. Pemex Fertilizantes is rehabilitating…

Kaneka to build polyolefin foam production plant in Thailand

Kaneka Corp. (Osaka, Japan; www.kaneka.co.jp) has decided to establish a new plant to produce expanded polyolefin foam (under the product names EPERAN and EPERAN-PP) in Hemaraj Eastern Seaboard Industrial Estate, Rayong, Thailand, aiming at a further business expansion as well…

Axalta acquires thermoplastic coating specialist Plascoat Systems

Axalta Coating Systems (Philadelphia, Pa.; www.axaltacs.com) has acquired U.K.-based Plascoat Systems Limited (www.plascoat.com), a leading supplier of thermoplastic powder coatings, from its parent company, International Process Technologies (IPT) Ltd. Financial terms of the transaction were not disclosed. Established in 1952,…