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Archives :: Business & Economics :: Plant Watch, Mergers and Business News

Displaying 121 - 140 of 1863 stories.
February 7, 2013
Air Liquide invests €65 million in the Port of Rotterdam
Rotterdam is the second largest chemical and petrochemical basin in Europe. This industry has maintained its momentum, despite the crisis, across Western Europe, with dynamic players demonstrating sustained demand for industrial gases. In this context, AirLiquide (Paris, France; www.airliquide.com) will invest an additional €65 million in the...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Liquide-invests-&euro65-million-in-the-Port-of-Rotterdam_10215.html
February 6, 2013
Wacker opens new dispersions plant in South Korea
Today, Wacker Chemie AG (Munich, Germany; www.wacker.com) officially launched its new production plant for vinyl acetate-ethylene copolymer (VAE) dispersions at its Ulsan site in South Korea. The additional 40,000 metric tons (m.t.) from the second reactor line increases the site’s VAE-dispersion capacity to a total of 90,000 m.t./yr. The production capacity of the site has thus almost doubled...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Wacker-opens-new-dispersions-plant-in-South-Korea_10203.html
February 6, 2013
Shell captures CO2 with MAN integrally-geared centrifugal compressor
MAN Diesel & Turbo (MDT; Berlin, Germany; www.mandieselturbo.com) is providing the compressor technology for Shell Canada’s Quest Carbon Capture and Storage (CCS) Project, located in Alberta, Canada. Quest will be the world’s first commercial-scale CCS project to tackle carbon emissions in an oil sand operation. Quest will capture more than one million metric tons (m.t.) per year of CO2...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Shell-captures-CO2-with-MAN-integrally-geared-centrifugal-compressor_10204.html
February 6, 2013
Forest BtL selects Axens’ Gasel F-T Technology Suite
Forest BtL Oy (Vantaa, Finland; www.forestbtl.com) and Axens (Rueil-Malmaison, France; www.axens.net)  have signed a license for the use of Gasel technology suite in the Biomass to Liquid (BtL) plant to be constructed in Ajos, near the city of Kemi, Finland. Ajos BtL is a NER300 supported...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Forest-BtL-selects-Axens-Gasel-F-T-Technology-Suite_10205.html
February 6, 2013
Italian industry-academic collaboration on breakthrough innovation
An official ceremony took place today with Giovanni Azzone, rector of Politecnico di Milano (www.polimi.it), and Fabrizio Di Amato, CEO and chairman of Maire Tecnimont S.p.A. (www.mairetecnimont.com) for the signature of a framework agreement for a scientific collaboration between Maire Tecnimont Group and Politecnico di Milano University in Breakthrough Innovation, so-called radical innovation. The...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Italian-industry-academic-collaboration-on-breakthrough-innovation_10210.html
February 5, 2013
Teijin Chemicals to establish JV with SK Chemicals
Teijin Chemicals Ltd. (Tokyo, Japan; www.teijin.co.jp), the core company of the Teijin Group’s resin and plastic processing business, announced an agreement with SK Chemicals, a South Korean chemical producer, on a business collaboration, including the establishment of a joint venture to develop, produce and distribute polyphenylene sulfide (PPS) resins and compounds in July. The joint venture (JV)...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Teijin-Chemicals-to-establish-JV-with-SK-Chemicals_10200.html
February 5, 2013
Praxair to acquire NuCO2 for $1.1 billion
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has entered into an agreement to acquire NuCO2 INC. from Aurora Capital Group, a Los Angeles, California based private equity firm, for $1.1 billion in cash. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close by the end of the first...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Praxair-to-acquire-NuCO2-for-$1-1-billion_10201.html
February 5, 2013
Samsung Engineering awarded Iraq Gazprom Badra GSP contract
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.co.kr) has officially announced its contract award from Gazprom Neft, a subsidiary of Gazprom, one of Russia’s largest oil and gas companies. The $879-million contract covers engineering, procurement and construction (EPC) for the gas...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Samsung-Engineering-awarded-Iraq-Gazprom-Badra-GSP-contract_10202.html
February 1, 2013
Lonza to Expand ADC Manufacturing Capacity and More Business News
Plant Watch Lonza to expand ADC manufacturing capacity January 8,2013 —Lonza (Basel, Switzerland; www.lonza.com) plans to invest 14 million Swiss francs (CHF; about $15 million) to expand antibody drug conjugate (ADC) manufacturing capacity in Visp, Switzerland. Oncology therapeutics including ADCs represent one of the fastest growing segments of the pharma and biotech industry. The expansion of the...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Lonza-to-Expand-ADC-Manufacturing-Capacity-and-More-Business-News_10178.html
January 30, 2013
Outotec to provide a renewable energy solution for a bio-ethanol facility in Iowa
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with a major cellulosic ethanol producer on the design and delivery of a renewable energy solution for a bio-ethanol facility in Iowa. The order has been included in Outotec's Q4 2012 order intake and its value will not be disclosed. The customer's...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Outotec-to-provide-a-renewable-energy-solution-for-a-bio-ethanol-facility-in-Iowa_10192.html
January 30, 2013
Shell and Kinder Morgan plan to export LNG from the U.S.
Shell US Gas & Power LLC (Shell), a subsidiary of Royal Dutch Shell Plc, and Southern Liquefaction Company, LLC, a Kinder Morgan company and unit of El Paso Pipeline Partners, L.P., announced their intent to form a limited liability company to develop a natural gas liquefaction plant in two phases at Southern LNG Company, LLC’s (Southern LNG) existing Elba Island LNG Terminal, near Savannah, Ga...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Shell-and-Kinder-Morgan-plan-to-export-LNG-from-the-U-S-_10193.html
January 30, 2013
UOP technology selected for petrochemical production in China
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that its UOP Oleflex process technology has been selected by China’s Longgang Chemical Co. (Qingdao Province, China) to produce key ingredients for fuels and synthetic rubber. The C4 Oleflex process will be used to convert refinery-derived isobutane to isobutylene, a valuable petrochemical used in the production of fuels...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/UOP-technology-selected-for-petrochemical-production-in-China_10194.html
January 30, 2013
Fluor to provide engineering services for PDH project in Canada
Fluor Corp. (Irving, Tex.; www.fluor.com) was awarded a contract by Williams to provide preliminary engineering services for a proposed propane dehydrogenation (PDH) project near Redwater, Alberta...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Fluor-to-provide-engineering-services-for-PDH-project-in-Canada_10195.html
January 30, 2013
Uhde wins another fertilizer contract in Turkey
Bandirma Gübre Fabrikaları A.Ş. (BAGFAS; Bandirma, Turkey) has awarded ThyssenKrupp Uhde (Uhde; Dortmund, Germany; www.thyssenkrupp-uhde.de) a contract to supply a plant for the production of calcium ammonium nitrate (CAN) fertilizer in 2012. The new plant will be integrated into the existing...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Uhde-wins-another-fertilizer-contract-in-Turkey_10196.html
January 30, 2013
Jacobs receives contract for boron expansion project
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says it was awarded a contract from Rio Tinto Minerals (RTM) to provide engineering, procurement and construction management (EPCM) services...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Jacobs-receives-contract-for-boron-expansion-project_10197.html
January 29, 2013
Technip awarded contracts for ethylene plant expansion in Kentucky
Technip (Paris, France; www.technip.com) was awarded engineering and procurement contracts by Westlake Chemical Corp. for the expansion and modernization of the ethylene cracking furnaces and the recovery section of Westlake’s...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Technip-awarded-contracts-for-ethylene-plant-expansion-in-Kentucky_10189.html
January 29, 2013
Bechtel completes construction of chemical weapons demilitarization facility
Bechtel (Houston; www.bechtel.com) announced today the Bechtel Pueblo Team (BPT) has completed construction of the Pueblo Chemical Agent-Destruction Pilot Plant (PCAPP). The facility will eventually destroy 2,611 tons of mustard agent-filled munitions currently being stored at the U.S. Army Pueblo Chemical Depot in Colorado. “Construction completion marks the first step towards creating a safer...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Bechtel-completes-construction-of-chemical-weapons-demilitarization-facility_10191.html
January 28, 2013
Lanxess to build new pigment plant in China
Lanxess AG (Leverkusen, Germany; www.lanxess.com)  is expanding its global production network for inorganic pigments in China. A new high-tech facility for premium iron-oxide red pigments is being constructed at the Ningbo Chemical Park on the Chinese East Coast. The plant, with highly modern environmental standards, will initially have an annual capacity of 25,000 metric tons (m.t.). The investment...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Lanxess-to-build-new-pigment-plant-in-China_10185.html
January 28, 2013
Air Products’ Phase One Carbon Capture Project onstream in Texas
Described by the U.S. Dept. of Energy (DOE; Washington, D.C.; www.energy.gov) as a milestone in DOE’s Industrial Carbon Capture and Storage (ICCS) program, Air Products (Lehigh Valley, Pa.; www.airproducts.com) announced today that Phase One of its two-stage carbon-capture project in Port Arthur, Texas is onstream. Ultimately, the project will capture approximately 1-million ton/yr of carbon dioxide...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Air-Products-Phase-One-Carbon-Capture-Project-onstream-in-Texas_10187.html
January 28, 2013
Bechtel acquires Chevron’s WWT Process
Bechtel (Houston; www.bechtel.com) has purchased Chevron’s Waste Water Treatment (WWT) Process, a technology that improves the efficiency of petroleum refineries. The WWT Process is a proprietary, two-stage sour-water-stripping process that separates ammonia and hydrogen sulfide streams from sour waters generated by a refinery’s process units. The technology also allows debottlenecking of...
http://www.che.com/business_and_economics/plant_watch_mergers_and_bus_news/Bechtel-acquires-Chevrons-WWT-Process_10188.html
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