Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) has announced that its main subsidiary Tecnimont S.p.A. has signed a memorandum of understanding with Cronus Chemicals,LLC, which will be converted into a contract to build an ammonia and urea plant located in Tuscola,…
The average large project in the chemical process industries (CPI) overruns its sanctioned budget, including contingency, by 21%. Even more alarming, 10% of large projects overrun their budget by more than 70%. These are findings based on research by the…
Hexpol AB (Malmö, Sweden; www.hexpol.com) has acquired the business of Portage Precision Polymers Inc., a well-known rubber compounder in the U.S. market. Portage Precision Polymers, with two manufacturing facilities in Ohio (Ravenna and Mogadore), had a turnover of $29 million…
Plant Watch Momentive to construct two formaldehyde plants in Louisiana November 10, 2014 — Momentive Specialty Chemicals Inc. (Columbus, Ohio; www.momentive.com) plans to build two new formaldehyde plants in Geismar and Luling, La., with operations expected to begin in…
Amec Foster Wheeler (London, U.K.; www.amecfw.com) has announced the award of a contract for the design, supply and erection of a circulating fluidized-bed (CFB) boiler island for Deven JSCo, asubsidiary of Solvay Sodi. The boiler island, the second that Amec…
Current trends The preliminary value for the September CE Plant Cost Index (CEPCI; top; the most recent available) rose 0.26% from the final August value, extending the series of monthly increases to six in a row. All four of the…
The Lubrizol Corp. (Wickliffe, Ohio; www.lubrizol.com) has agreed to acquire Weatherford’s (Houston; www.weatherford.com) oilfield chemicals business and its drilling fluids business for $825 million, including a $75 million performance-based cash earnout. The deal enhances Lubrizol’s footprint in the $20 billion…
The preliminary value for the September CE Plant Cost Index (CEPCI; the most recent available) rose 0.26% from the final August value, extending the series of monthly increases to six in a row. All four of the major subindices increased…
NORTH AMERICA Europe Asia & Elsewhere 22nd Winter Fluorine Conference. American Chemical Soc., Div. of Fluorine Chemistry (Washington, D.C.). Phone: 800-227-5558; Web: acs.org St. Pete Beach, Fla. January 11–16, 2015 5th Electric Energy Storage Conference. Marcus Evans North America…
Vale Canada Ltd. has awarded Pöyry (Montreal) Inc. (www.poyry.com) with the detailed engineering and construction site assistance services assignment for the nickel emissions project at Copper Cliff Nickel Refinery in Sudbury, Ontario, Canada. The project involves a new baghouse with…