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Latest News: Business

Federal Reserve district reports suggest gradual economic growth, ACC report notes

The most recent reports from the twelve districts of the U.S. Federal Reserve suggest that economic activity continued to expand gradually in July and early August across most regions and sectors, according to data discussed in the Weekly Chemistry and…

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Air Products to build a new ASU to supply Cangzhou Zhengyuan Fertilizer    

Air Products (Lehigh Valley, Pa.; www.airproducts.com) has signed a long-term contract with Cangzhou Zhengyuan Fertilizer Co., and will build, own and operate an air separation unit (ASU) and integrated gas liquefier in Hebei Province, China. The ASU will produce approximately…

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SNC-Lavalin awarded EPCM contract for copper project in Chile  

SNC-Lavalin Inc. (Montreal, Quebec, Canada; www.snclavalin.com) has been awarded a contract by Minera Antucoya S.A., a subsidiary of Antofagasta Minerals S.A. (AMSA), to provide overall management, detailed engineering, procurement and construction management (EPCM) services for the Antucoya project in Chile.…

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Lanxess to build world’s largest EPDM plant in China  

Lanxess AG (Leverkusen, Germany; www.lanxess.com) is building the world’s largest plant for EPDM (ethylene propylene diene monomer) synthetic rubber in China. The company is investing €235 million in the plant in Changzhou (Jiangsu Province). This is the largest investment the…

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Linde to build Vietnam’s largest ASU  

The Linde Group (Munich, Germany; www.linde.com) has been awarded a long-term contract to supply Vietnamese steel-company POSCO SS-Vina (PSSV) with industrial gases. PSSV and local Group member Linde Gas Vietnam (LGV) recently signed an agreement to this effect. The deal…

Lingering tropical storm Isaac impacts on- and off-shore facilities along U.S. Gulf Coast

Earlier today, tropical storm Isaac was downgraded from Category 1 hurricane status and the National Hurricane Center predicts that it will be downgraded to a tropical depression on Thursday. Over the past several days, it has moved across Louisiana, dumping…

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JGC awarded contract for EPC services of Japan’s first oxygen-blown coal IGCC plant  

JGC Corp. (Yokohama, Japan; www.jgc.co.jp) has been awarded a contract by Osaki CoolGen Corp. for engineering, procurement and construction (EPC) services of the core facilities for an integrated coal-gasification combined-cycle (IGCC) demonstration plant. The lump-sum turnkey contract, which was awarded…

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Foster Wheeler: FEED contract for CCS project in the U.K.  

Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Samsung C&T ECUK Ltd. (Samsung), a wholly owned subsidiary of Samsung C&T Korea, to participate in a…

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JGC launches Japan’s largest Mega-Solar Power Project  

JGC Corp. (Yokohama, Japan; www.jgc.co.jp) says that it will be joining Japan's largest-scale mega-solar photovoltaic power generation project to date, located in the seaside industrial district of Oita City, Oita Prefecture. This is the first domestic solar power project JGC…

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Lummus propane-dehydrogenation technology selected for unit in China  

CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by the Hebei Haiwei Group for the license and basic engineering design of a grassroots propane dehydrogenation unit to be located in Jingxian, Hebei Province, China. The unit will use…