HollyFrontier Corp. (Dallas, Tex.; www.hollyfrontier.com) announced a series of strategic actions targeting growth, risk management and shareholder returns: a new renewable diesel unit (RDU) project, regular dividend annual growth target and a new HollyFrontier share repurchase authorization. Commenting on the…
Cabot Corp. (Boston, Mass;. www.cabot-corp.com) marked the groundbreaking of its previously announced carbon black capacity expansion project in Cilegon, Indonesia. This phase of the project will add approximately 80,000 metric tons per year (m.t./yr) of additional production capacity and is…
Baker Hughes (Houston; www.bakerhughes.com), C3.ai, and Microsoft Corp. announced an alliance to bring enterprise artificial intelligence (AI) solutions to the energy industry on Microsoft Azure’s cloud computing platform. This alliance will enable customers to streamline the adoption of scalable AI…
Teijin Ltd. (Tokyo; www.teijin.com) announced that it has signed a technical license agreement with Shanghai Energy New Materials Technology Co., Ltd. (SEMCORP) for the manufacture of solvent-based coating separators used in lithium-ion secondary batteries (LIBs) for electric vehicles (EVs). The…
Honeywell (Charlotte, N.C.; www.honeywell.com) announced that it is increasing production capacity of its proprietary Spectra fiber to meet the demands of global militaries and law enforcement for high-performing and lightweight armor that provides critical protection against a wide range of threats. Spectra fiber is…
Next Wave Energy Partners, LP (Houston; www.nextwaveenergy.com) has made a positive final investment decision (FID) to construct a new alkylate production facility, known as Project Traveler, which will be located adjacent to the Houston Ship Channel at Next Wave’s 53-acre site…
The Saudi Arabian General Investment Authority (SAGIA), Shell Overseas Services Ltd. (Shell; www.shell.com) and Advanced Metallurgical Group N.V. (www.amg-nv.com) signed a memorandum of understanding (MOU) to evaluate the potential for construction and operation, subject to regulatory approvals, of a spent…
Today Shell (The Hague, the Netherlands; www.shell.com) announced it has successfully made high-end chemicals using a liquid feedstock made from plastic waste. The technique, known as pyrolysis, is considered a breakthrough for hard-to-recycle plastics and advances Shell’s ambition to use…
KBR (Houston; www.kbr.com) has been awarded a contract for its PLINKE Hydrochloric Acid (HCl) Purification technologies by Italmatch Deutschland GmbH for its phosphorous acid production plant in Frankfurt, Germany. Under the terms of the contract, KBR will provide technology license,…
The preliminary value for the CE Plant Cost Index (CEPCI; the most recent available) for September 2019 increased from the previous month’s value by 0.7, reversing a trend of declining values this year. Three of the four major subindices —…