Latest News: Business
Linde to supply industrial gases for NLMK steelmaking site in Russia
The Linde Group (Munich, Germany; www.the-linde.group.com) and the NLMK Group, a leading international manufacturer of high-quality steel products, have signed an agreement for the longterm supply of oxygen, nitrogen, and argon to the Novolipetsk Steel site in Russia. Linde is…
Perstorp sells its bioproducts business
Perstorp (Malmö, Sweden; www.perstorp.com) announced the sale of Perstorp BioProducts, a leading producer of biodiesel and glycerine in Scandinavia, to a Swedish investor together with a member of the subsidiary’s management team. The terms of the transaction were not disclosed.…
SNC-Lavalin signs agreement with Perdaman for development of urea plant in Western Australia
SNC-Lavalin (Montreal, Canada; www.snclavalin.com) has signed an agreement with Perdaman Chemicals and Fertilisers Pty Ltd (Perdaman) for the continued development of the 2-million ton/yr urea fertilizer plant located in Western Australia. Once the project is approved, its estimated capital cost…
Fluor selected for lithium and boron mine project in Nevada
Fluor Corp. (Irving, Tex.; www-fluor.com) says that ioneer Ltd. has selected Fluor to deliver its lithium and boron mine outside of Tonopah, Nevada. Fluor will initially provide a definitive feasibility study, and subsequently, engineering, procurement and construction management (EPCM) services…
Oxiteno marks opening of new alkoxylation plant in Texas
Oxiteno (São Paulo, Brazil; www.oxiteno.com), a leader in the manufacture of surfactants and specialty chemicals, celebrated the official opening of its first alkoxylation plant in Pasadena, Texas, on November 14th. This unit, planned to support mainly U.S. customers, has annual…
Versalis launches oilfield chemicals JV in Abu Dhabi
Versalis (San Donato Milanese, Italy; www.versalis.eni.com), Petrochem (a Mazrui Energy Services Company), a leading manufacturer of drilling fluids, and Mazrui Energy Services (a Mazrui International Company), a leading service company in the Oil & Gas industry in the Middle East,…
Invista licenses PTA process technology to Honggang Petrochemical
INVISTA’s (Wichita, Kan.; www.invista.com) technology and licensing group, INVISTA Performance Technologies (IPT), and Jiangsu Honggang Petrochemical Co., Ltd. (Honggang) have reached agreement for the licensing of INVISTA’s latest purified terephthalic acid (PTA) process technology. This is the first time that…
Ineos to acquire Ashland’s composites business for $1.1 billion
INEOS Enterprises (London; www.ineos.com) has agreed to acquire the entire composites business from Ashland Global Holdings Inc. (Covington, Ky.; www.ashland.com) for $1.1 billion. The businesses included in the transaction have combined sales of more than $1.1 billion per year. They…
Air Liquide Engineering & Construction selected as technology provider for Pertamina refinery upgrade
Air Liquide Engineering & Construction (www.engineering-airliquide.com) has been selected as a technology licensor by Pertamina, the state-owned National Oil & Gas Company of Indonesia, engaged in the oil, gas and renewable energy sectors. Air Liquide Engineering & Construction will provide…
Maire Tecnimont awarded design contract for ExxonMobil petrochemicals project
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) announced that its subsidiary Tecnimont S.p.A., through its affiliate Tecnimont USA Inc., in consortium with Performance Contractors Inc., has been awarded a reimbursable contract by Exxon Mobil Corp. (Irving, Tex.; www.exxonmobil.com) for the initial…