Latest News: Business
Saipem awarded contract for expansion of Versalis plant
Saipem S.p.A. (Milan, Itlay, www.saipem.com) has been awarded an engineering, procurement and construction contract for the expansion of the Versalis plant in Ferrara, Italy, worth approximately €200 million. The plant produces Ethylene Propylene [Diene] Monomer (EP[D]M), a type of rubber.…
Praxair will supply oxygen to steelmaker with new ASU in Peru
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has announced the startup of a new air-separation unit (ASU) in Pisco, located in the central region of Peru. The plant’s capacity is 270 tons per day. Under a longterm contract, Praxair will increase its…
CB&I lands refining technology award in China
CB&I (The Woodlands, Tex.; ) says that its Chevron Lummus Global joint venture has been awarded a contract valued in excess of $100 million. The scope of work includes the license, engineering design package and catalyst supply for three grassroots…
Yara acquires stake in SOx scrubber technology for maritime emissions control
Yara International (Oslo, Norway; www.yara.com) will expand its emissions-control business by acquiring a majority 63% stake in Green Tech Marine (GTM), a leading sulfur oxide (SOX) scrubber supplier to the marine industry. Starting Jan. 1, 2015, SOX Emission Control Areas…
Lubrizol breaks ground for new CPVC facility in India
The Lubrizol Corporation (Wickliffe, Ohio; www.lubrizol.com) announces the groundbreaking for a new TempRite chlorinated polyvinyl chloride (CPVC) compounding plant in Dahej, India. Construction of this plant is an integral component of the company's previously announced $400 million global expansion of…
Ashland opens new center of excellence in Hyderabad
Ashland Specialty Ingredients, a commercial unit of Ashland Inc. (Covington, Ky.; www.ashland.com) held a grand opening ceremony for the opening of a new pharmaceutical center of excellence in Hyderabad, India. This is the ninth center of excellence that Ashland Specialty…
Chevron Phillips breaks ground for large U.S. Gulf Coast petrochemical project
Chevron Phillips Chemical Co. LP (The Woodlands, Tex.; www.cpchem.com) held a groundbreaking ceremony for its U.S. Gulf Coast (USGC) Petrochemicals Project at the Cedar Bayou plant in Baytown, Tex. The groundbreaking ceremony signifies the start of construction for the USGC…
Solvay completes acquisition of ERCA, doubles surfactant capacity in Brazil
Solvay S.A. (Brussels, Belgium; www.solvay.com) has completed the acquisition of the specialty chemical assets of ERCA Química, Ltda. in Brazil, enabling the group to more than double its surfactant production capacity in the country and to expand its access to…
BASF and Toda Kogyo enter negotiations to form a JV for CAMs
BASF SE (Ludwigshafen, Germany; www.basf.com) and Toda Kogyo Corp. (Tokyo, Japan; www.todakogyo.co.jp), one of the industry leaders in the development and manufacture of cathode materials for lithium-ion batteries, have announced that they will enter exclusive negotiations to form a joint…
Outotec to deliver technology for high-purity alumina plant in Canada
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Orbite Aluminae Inc. on the delivery of a new calcination system for Orbite's high-purity alumina production facility located in Cap-Chat, Québec. The contract value is below €10 million and it has been…