CB&I (The Woodlands, Tex; www.cbi.com) has been awarded two contracts for a grassroots refinery in China. The scope of work includes the license and engineering design of an alkylation unit and two Chevron Lummus Global (CLG) diesel hydrocracking units along…
The preliminary value for the October CE Plant Cost Index (CEPCI; the most recent available) edged slightly higher than the previous month’s value, reversing the small decline since July. The Equipment, Construction Labor and Engineering & Supervision subindices all ticked…
Linde Korea, a member of The Linde Group (Munich, Germany; www.the-linde-group.com), announced that it has completed the takeover of Air Liquide Korea’s industrial merchant and electronics onsite and liquid bulk air gases business in South Korea. The ten sites under…
Lonza Group AG (Basel, Switzerland; www.lonza.com)), KKR and Capsugel S.A. announced that they have entered into a definitive agreement under which Lonza will acquire Capsugel from KKR for $5.5 billion in cash, including refinancing of existing Capsugel debt of approximately…
Akzo Nobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) has finalized the acquisition of BASF’s global Industrial Coatings business, which supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport, strengthening its position as the global…
Darren W. Woods, currently president of Exxon Mobil Corp. (Irving, Tex.; www.exxonmobil.com), has been elected chairman and chief executive officer (CEO) by the board of directors effective Jan. 1, 2017. Rex W. Tillerson, chairman and chief executive officer of Exxon…
DuPont’s (Wilmington, Del.; www.dupont.com) Nutrition & Health branch and Hygiena LLC (Camarillo, Calif.; www.hygiena.com), a Warburg Pincus portfolio company that specializes in rapid food safety and environmental sanitation testing, announced today that Hygiena will acquire DuPont’s global food-safety diagnostics business.…
Covestro AG (Leverkusen, Germany; www.covestro.com) has begun delivery of a novel product based on carbon dioxide. The first tanker left the company’s Dormagen site near Cologne, Germany, on Tuesday. Covestro has now officially started production in the plant it inaugurated…
Green Biologics Ltd. (GBL; Abingdon, Oxfordshire U.K.; www.greenbiologics.com), an industrial biotechnology and renewable specialty chemicals company, announced the start of commercial shipments of bio-based n-butanol and acetone from its manufacturing facility in Little Falls, Minn. Over the past year, Green…
Solvay SA (Brussels, Belgium; www.solvay.com) has signed a definitive agreement to sell its 58.77% stake in its Thai subsidiary Vinythai PCL to Japanese company Asahi Glass (AGC; Tokyo; www.agc.com), thereby exiting its Asian polyvinyl chloride (PVC) activities. The transaction is…