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Latest News: Business

E.U. project to reduce water consumption in CSP plants

Under coordination by Kelvion (Bochum, www.kelvion.com), a total of twelve partners — within the context of the project MinWaterCSP, for minimized water consumption in concentrated solar power plants (CSP) — will develop solutions to reduce the consumption of water in…

Kolon Plastics and BASF to set up JV for the production of POM in Korea

  Kolon Plastics (Gimcheon, Korea; www.kolonplastics.com) and BASF SE (Ludwigshafen, Germany; www.basf.com) signed an agreement to establish a joint venture (JV) in Korea to manufacture polyoxymethylene (POM), an engineering plastic used in industrial, transportation, construction and consumer markets. The 50-50…

Oil and natural-gas boom causes methane emissions to increase

  Like carbon dioxide, methane is one of the most important greenhouse gases. After a period of stagnation around 2000, atmospheric methane concentrations started to rise again in 2007. So far, the causes have been unknown. According to the recent…

ABB to increase efficiency and productivity at SCA’s expanded pulp mill

For the first time ever an integrated automation solution will manage end-to-end production in the pulp industry — from the woodyard to the baling line — from a single control room ABB (Zurich, Switzerland; www.abb.com) will provide integrated solutions using…

BASF and Avantium intend to establish joint venture

  BASF SE (Ludwigshafen, Germany; www.basf.com) and Avantium Technologies B.V. (Amsterdam, the Netherlands; www.avantium.com ) today announced that they have signed a letter of intent and entered into exclusive negotiations to establish a joint venture (JV) for the production and…

Concentrated-solar power plant inaugurated in South Africa

  The Bokpoort concentrated-solar plant, built by a joint venture (JV) between Sener (www.sener.es), Acciona (both Madrid, Spain; www.acciona.com) and TSK and South Africa’s Crowie, was inaugurated today (March 14) near Upington in Northern Cape Province of South Africa. The…

NET Power breaks ground on clean-power demonstration plant

NET Power, LLC (Durham, N.C.; www.netpower.com) has broken ground on a first-of- a-kind power plant that will validate a new natural-gas-fired power system that produces low-cost electricity with zero atmospheric emissions, including carbon dioxide. NET Power is a collaboration between…

KBR awarded contract for restarted Kima Fertilizer Project in Egypt

  KBR, Inc. (Houston; www.kbr.com) has been awarded a new contract for proprietary equipment and has also restarted work under the contract awarded by Tecnimont S.p.A. (part of Maire Tecnimont Group) previously announced in December 2011 for the license and…

KBR JV awarded project-management contract for Baku Oil Refinery modernization

  KBR, Inc. (Houston; www.kbr.com) today announced its Socar-KBR LLC joint venture (JV) was awarded a significant project management consultancy (PMC) contract for the Heydar Aliyev Baku oil refinery modernization project in Azerbaijan. This award marks the first major award…

Amec Foster Wheeler awarded multiple Algerian refinery contracts

  Amec Foster Wheeler (London, U.K.; www.amecfw.com) announces today that it has been awarded a front-end engineering design (FEED) contract by Sonatrach SPA for three new refineries located in Biskra, Tiaret and Hassi Messaoud, Algeria. The three refineries will each…