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Latest News: Business

Chemical wholesale trade slips in December, ACC report says

Wholesale trade of chemicals slipped by 1.4% to $8.98 billion in December 2010, according to the latest Weekly Chemical and Economic Trends report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), which cited data from the U.S. Census Bureau.…

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Foster Wheeler: Copper processing facility in Chile

The Global Engineering and Construction Group of Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has been awarded an engineering design contract for a copper concentrator plant in Chile for the Chilean Copper Corp. (Codelco), the world’s largest copper producing company. The…

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Fike expands manufacturing facility

Fike (Blue Springs, MO; www.fike.com) announces the completion of a new Pressure Vessel Manufacturing Facility at its corporate headquarters in Blue Springs, Missouri. This new facility allows for the increased production of Fike commercial clean agent fire protection cylinders, while…

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SNC-Lavalin: Coal mine expansion in Columbia

SNC-Lavalin, Inc. (Montreal, Canada; www.snclavalin.com) has signed a contract for the implementation of the first phase of the Cerrejon Coal Mine Project in Colombia. SNC-Lavalin, in a 50-50 joint venture (JV) with partner Sinclair Knight Merz (SKM; www.globalskm.com), will provide…

Honeywell integrates Matrikon acquisition and forms new business unit

Honeywell (Morris Township, N.J.; www.honeywell.com) has formed a new business unit within Honeywell Process Solutions (Phoenix, Ariz.; www.honeywell.com/ps) called Advanced Solutions. This business integrates the open connectivity and broad-platform capability of Honeywell’s Matrikon acquisition with its applications and solutions business.…

PSE joins C-SOPS consortium

Process Systems Enterprise Ltd. (PSE; London; www.psenterprise.com), providers of the gSOLIDS modeling environment for integrated solids processes, today announced that it has joined the National Science Foundation Engineering Research Center for Structured Organic Particulate Systems (C-SOPS). C-SOPS is a consortium of…

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Metso: Gasification for renewable gas production

Metso Corp. (Helsinki, Finland; www.metso.com) will supply a gasifier to sustain new gasification technology to Göteborg Energi AB´s innovative project GoBiGas20MW. The value of the order is approximately €30 million, and the order was already included in Energy and Environmental…

Chemical industry employment slips in the U.S., but overall jobs rise, ACC report says

Chemical industry employment in the U.S. slipped by 2,700 to 775,300 people in January, but overall, nonfarm payrolls rose, according to data collected by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Citing information from the Bureau of Labor Statistics…

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Foster Wheeler: Feasibility study for KCl expansion

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced today that its Global Engineering and Construction Group has been awarded a feasibility study contract by Karnalyte Resources Inc. for the Wynyard Carnallite Potash Project in Saskatchewan, Canada. The study will consider initial…

DOE: SunShot Initiative

U.S. Energy Secretary Steven Chu today announced additional details of the Department of Energy's (DOE; Washington, D.C.; www.energy.gov) "SunShot" initiative to reduce the total costs of photovoltaic solar energy systems by about 75% so that they are cost competitive at…