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Economic Indicators: Business News

Plant Watch A new plant for crude-oil processing to be built in Italy December 10, 2007 — ABB has won a contract worth more than $86 million from Eni SpA to design and construct a new oil processing plant in…

Evonik JV brings additional H2O2 capacity onstream in Korea  

Evonik Industries (Essen, Germany; www.evonik.com) and Headwaters, Inc. (South Jordan, Utah; www.headwaters.com) have substantially increased production capacity for hydrogen peroxide at the facility operated by their joint venture (JV) EvonikHeadwaters in Ulsan, Korea. The JV acquired this facility from Kemira…

Davy Process Technology and Johnson Matthey Catalysts to supply technology for Wyoming plant    

Davy Process Technology and Johnson Matthey Catalysts announced today that they have entered into contracts to supply basic engineering design and a methanol technology license to Medicine Bow Fuel & Power LLC, for its Carbon County, Wyoming plant. The estimated…

HR Equity Group acquired Blue Tech, Inc.

HR Equity Group acquired Blue Tech, Inc., with the transfer of ownership from Dennis Harrow to the new leadership of Travis Robbins and Will Hancock. Blue Tech is aggressively working to re-establish its place as one of the leaders in…

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Honeywell signs main automation contractor agreement with BP

Honeywell (Phoenix, Ariz.; www.honeywell.com/ps) today announced a six-year agreement with BP Exploration to provide Main Automation Contractor (MAC) services at the oil and gas leader’s new and existing facilities. Honeywell will help BP Exploration & Production (E&P) accelerate production schedules…

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Fluor wins Marathon Oil’s $1.6-billion U.S. refinery upgrade

Fluor Corp. has been selected to provide integrated engineering, procurement and construction (EPC) for expansion and upgrade of Marathon Oil Corp.’s Detroit, Mich., refinery. The $1.6-billion EPC contract includes services, the value of procured materials and the construction contracts under…

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World’s largest gas turbine begins trial operation

First firing of the world’s largest and most powerful gas turbine, developed by Siemens (Erlangen, Germany; www.siemens.com), was achieved as scheduled on December 20, 2007. This marks the beginning of a planned 18-month trial operation period at the E.ON Irsching…

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Linde seals exclusive gas contract in China  

The Linde Group (Munich, Germany; www.linde.com) has secured a long-term contract with Ningbo Wanhua Polyurethane, which is one of the fastest growing chemical companies for the production of polyurethanes in China. Linde will supply oxygen and nitrogen to Wanhua’s world-scale…

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Kureha to produce PGA in West Virginia

Kureha Corp. (Tokyo, Japan; www.kureha.co.jp/en ) says it will invest more than $100 million to build a plant in Belle, W.Va., which will produce and sell the high-performance polymer, polyglycolic acid (PGA). Construction of the production facility, which will be…

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BASF producing natural gas in Siberia with Gazprom

BASF AG (Ludwigshafen, Germany; www.basf.com) and OAO Gazprom (Moscow, Russia) today officially launched production operations at the Russian natural gas field Yuzhno Russkoye. This is the first time that a German company has been directly involved in the production of…