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Latest News: Business

NAES Corp. acquires Olsson Industrial Electric

NAES Corp. (Issaquah, Wash.; www.naes.com), a provider of maintenance and construction, engineering, and O&M services, has acquired Olsson Industrial Electric, a recognized electrical construction, engineering, and controls contractor that provides services to the power generation, renewable energy, mining, pharmaceuticals, and…

AquaMetals breaks ground in Nevada for novel battery-recycling plant

Aqua Metals, Inc. (Oakland, Calif.; www.aquametals.com), a developer of a electrochemical lead recycling technology, announced it has broken ground for construction on its new AquaRefinery commercial battery-recycling facility in McCarran, Nev. In June 2015, Aqua Metals purchased 11.7 acres at…

Ube-Lotte JV announces launch of butadiene plant in Malaysia

Ube Industries, Ltd. (Ube; Tokyo, Japan; www.ube-ind.co.jp) recently commemorated the launch of Lotte Ube Synthetic Rubber Sdn. Bhd., a joint venture (JV) for the manufacturing of butadiene rubber (BR) based in the Tanjung Langsat industrial park in Johor, Malaysia. The…

A.W. Chesterton acquires Ceramic Polymer GmbH

A.W. Chesterton Co. (Woburn, Mass.; www.chesterton.com) announced the acquisition of Ceramic Polymer GmbH (Roedinghausen, Germany).  The company manufactures industrial coatings that are specialized in protecting metal and concrete materials in large industrial structures, such as storage tanks, offshore and onshore structures, pipelines, and…

Lubrizol to license Daelim polyisobutylene process technology in Deer Park

The Lubrizol Corp. (Wickliffe, Ohio; www.lubrizol.com) and Daelim Industrial (Seoul, South Korea) have signed a technology license agreement granting Lubrizol the right to use Daelim technology for the manufacture of polyisobutylenes (PIBs). Daelim is a leading provider of high-quality petrochemical…

ABB completes acquisition of Swedish control-room specialist CGM

ABB (Zurich, Switzerland; www.abb.com) has acquired the remaining shares of CGM AB to become its sole shareholder. Sweden-based CGM provides modern control-room design and ergonomic solutions for maximum control-room operator effectiveness. The acquisition complements ABB’s portfolio with the latest technology…

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.…