Latest News: Business
Wison enters collaboration with Gazprom for gas-to-olefins project in Russia
Wison Engineering Services Co. Ltd. (Shanghai, China; www.wison.com) recently announced that its indirect wholly-owned subsidiary Wison Engineering Ltd. entered into a memorandum with Gazprom neftekhim Salavat for cooperation on a natural gas-to-polyolefin (ethylene and propene) project at an oil-and-gas base…
Evonik to build new silicone plant in Geesthacht
Evonik Industries AG (Essen, Germany; www.evonik.com) is investing a double-digit million euro amount in the construction of a new multi-purpose facility at its Geesthacht location in Northern Germany, 30 km outside the city of Hamburg. The additional capacities created will…
Lanxess to build new production plant for high-performance plastics in Krefeld-Uerdingen
Lanxess AG (Cologne, Germany; www.lanxess.com) is continuing to invest in its global production network for high-performance plastics and is building another compounding facility at its Krefeld-Uerdingen site, Germany, for a mid double-digit million euro amount. Starting in the second half…
Smart simulation extended to include three-phase flow and more
PSRE Co. (Piping System Research & Engineering Co.; Moscow, Russia; www.truboprovod.ru), a leading developer of smart simulation and sizing tools for every piping and equipment engineer/designer, is pleased to announce the new version 4.1 of PASS/HYDROSYSTEM scheduled for release beginning…
Evonik to expand its hydrophobic fumed silica capacities
Evonik Industries (Essen, Germany; www.evonik.com) is expanding its capacities for refinement fumed silica in Rheinfelden, Germany. The group will invest an amount in the low double-digit million euro range to expand its Rheinfelden facility, which further processes hydrophilic silica to…
Fluor uses IBM Watson to deliver predictive analytics capability for megaprojects
Fluor Corp. (Irving, Tex.; www.fluor.com) and IBM (Armonk, N.Y.; www.ibm.com) announced today the use of artificial intelligence-based systems to predict, monitor and measure the status of engineering, procurement, fabrication and construction (EPC) megaprojects from inception to completion. Fluor’s extensive engineering,…
Honeywell introduces largest modular cryogenic-gas-processing plant
Honeywell (Morris Plains, N.J.; www.honeywell.com) announced that its UOP Russell business has introduced a new high-recovery cryogenic gas processing plant that is 50% larger than other pre-engineered plants currently available. With a capacity of 300 million standard cubic feet per…
Haldor Topsoe invests in Indian fertilizer plant
Haldor Topsoe A/S (Lyngby, Denmark; www.topsoe.com) has signed a shareholder agreement for a 11.7% stake in the Ramagundam fertilizer plant in Telangana, India, together with the Danish government-owned fund IFU and The Danish Agribusiness Fund (DAF). The Ramagundam project comprises…
Momentive Performance Materials acquired by South Korea-based consortium
Momentive Performance Materials Inc. (Waterford, N.Y.; www.momentive.com) and SJL Partners LLC, KCC Corp. and Wonik QnC Corp. (collectively, the “Investor Group”) announced that they have entered into a definitive merger agreement whereby the Investor Group will acquire Momentive in a transaction…
Metso and Hexagon collaborate to improve valve data
Metso Corp.’s (Helsinki, Finland; www.metso.com) valves business has joined forces with Hexagon PPM (Huntsville, Ala.; www.hexagonppm.com) to ramp up its valve quotation efficiency. The agreement complements Metso's digital quotation tools, and it will enhance the efficient exchange of inquiry, quotation…