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Latest News: Business

Fluor and COOEC form new fabrication JV

  Fluor Corp. (Irving, Tex.; www.fluor.com) has agreed with Offshore Oil Engineering Co., Ltd. (COOEC), a subsidiary of China National Offshore Oil Corp., to form a new joint venture (JV), COOEC Fluor Heavy Industries Co., Ltd. (CFHI), through which the…

Borouge awards FEED contract to Neste Jacobs for UAE polyethylene modification project

Borouge, an Abu Dhabi-based provider of plastics solutions has selected Neste Jacobs Oy (Porvoo, Finland; www.nestejacobs.com) as a Front End Engineering and Design (FEED) service contractor for its polyethylene (PE) plant modification project, located in Ruwais industrial area, United Arab…

Japanese consortia intend to build IGCC plant in Fukushima Prefecture

  Tokyo Electric Power Company, Inc. (TEPCO), Mitsubishi Heavy Industries, Ltd., Mitsubishi Corp., Mitsubishi Electric Corp., Joban Joint Power Co., today concluded a letter of intent to promote the development of the world's most advanced coal-fired thermal power plants in…

Air Products opens Doe Canyon helium plant

  Air Products (Lehigh Valley, Pa.; www.airproducts.com) opened its new Doe Canyon helium production facility in Colorado. The Doe Canyon helium plant is the only one in the world extracting helium from a gas stream composed primarily of carbon dioxide.…

Black & Veatch creates South African subsidiary

Black & Veatch (Overland Park, Kan.; www.bv.com), a global engineering, procurement and construction (EPC) company providing energy, water, and telecommunications solutions, announced the creation of its new local entity, Black & Veatch South Africa. Headquartered in Johannesburg, the new local…

BOC and Eastman open hydrogen plant in South Wales

Directors and staff from BOC and Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) joined key contractors at a ceremony at Eastman’s site at Newport in South Wales to mark the official opening of a hydrogen plant. BOC, a member of The…

LyondellBasell sells Argentina-based subsidiary Petroken

LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) announced that YPF S.A. and  Grupo Inversor Petroquimica S.L. have accepted an offer to purchase LyondellBasell's Argentina-based, wholly-owned subsidiary Petroken Petroquimica Ensenada S.A. (Petroken).  The sale is expected to close in late 2015 following Brazilian…

Outotec to provide tailings-treatment paste plant to Yara Suomi

Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Yara Suomi Oy on the design and delivery of a paste plant for tailings treatment. The contract, valued at over €40 million, has been booked in Outotec's third-quarter order intake. Outotec's EPC…

MHG announces startup of commercial-scale PHA fermentation process

Meredian Holdings Group Inc. (MHG; Bainbridge, Ga.; www.MHGBio.com) announced that the company has become the world’s largest producer of polyhydroxyalkanoates (PHA) with the startup of their first commercial-scale fermenter in Bainbridge, Ga. MHG has been working over the last couple…

Air Products to supply oxy-fuel systems to Korean glass maker

Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced that it has been selected by Techpack Solutions in Korea to supply its integrated oxy-fuel solutions. It is Air Products’ second project to support this leading Korean container-glass maker that aims to reduce…