TechnipFMC (Houston; www.technipfmc.com) has been awarded a large ($500 million and $1 billion) reimbursable contract by ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA. The awarded…
The President Director of Pertamina, the state-owned National Oil & Gas Company of Indonesia, Nicke Widyawati, and Claudio Descalzi, CEO of Eni S.p.A. (Roma, Italy; www.eni.com), signed a Memorandum of Understanding (MOU) to investigate synergies of their respective technologies, expertise and…
Toyo Engineering Corp. (Chiba, Japan; www.toyo-eng.co.jp) has been awarded two major contracts in the petrochemicals sector — one in Russia and one in Thailand. In Russia, Toyo has been awarded a contract to build a 650,000-metric tons per year (m.t./yr)…
Cabot Corp. (Boston, Mass;. www.cabot-corp.com) has entered into a definitive agreement to sell its Specialty Fluids business to Sinomine (Hong Kong) Rare Metals Resources Co. Limited, a wholly owned subsidiary of Sinomine Resource Group Co., Ltd., in a transaction valued…
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.6 percent in December, following a 0.3 percent gain in November and a 0.4 percent decline in October. During December,…
ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The…
Saint-Gobain (Paris, France; www.saint-gobain.com) has opened a new flat glass production line (float) located in Sriperumbudur, near Chennai, India, at a ceremony attended by Pierre-André de Chalendar, Chairman and CEO of Compagnie de Saint-Gobain. This new state-of-the-art facility was built…
Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) and Cosmo Energy Group (Tokyo; www.ceh.cosmo-oil.co.jp) signed a memorandum of understanding (MOU) to study new business opportunities in the lubricants market, both in Spain and Japan and internationally. The agreement covers…
Avantium (Amsterdam, the Netherlands; www.avantium.com) announced that it has retaken full ownership of its YXY plants-to-plastics technology through the purchase of BASF’s shares in the Synvina joint venture. Avantium has appointed Marcel Lubben as Managing Director of Synvina to lead…
Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com), through its wholly-owned subsidiary Saudi Aramco Technologies, signed a Joint Development and Collaboration Agreement (JDCA) with Axens (Rueill-Malmaison, France; www.axens.net) and TechnipFMC (Houston; www.technipfmc.com) to accelerate the development and commercialization of the company’s Catalytic…