Latest News: Business
Aspen Tech acquires Sulsim software
Aspen Technology, Inc. (Burlington, Mass.; www.aspentech.com), a provider of software and services to the process industries, announced it has acquired the Sulsim sulfur simulation software from Sulphur Experts Inc.(www.sulphurexperts.com). The Sulsim sulfur-recovery product has been used by the world’s leading…
Dow and Mitsui start up joint chlor-alkali plant in Texas
The Dow Chemical Company (Midland, Mich.; www.dow.com) has announced that its joint venture membrane chlor-alkali facility with Mitsui & Co., Ltd (Tokyo; www.mitsui.com) has successfully initiated full-scale, commercial production. Dow’s share of the chlorine produced at the Dow-Mitsui Chlor-Alkali Freeport,…
CB&I awarded contract for plastics project in Oman
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract valued in excess of $40 million by Oman Oil Refineries and Petroleum Industries Co. (Orpic) to provide ethylene technology and front end engineering and design (FEED) services for the Liwa…
Samsung Engineering signs oil-field-development contract in Iraq
Samsung Engineering Co., (Seoul, South Korea; www.samsungengineering.com) has officially announced that it was awarded the North (Hammar Mishrif) New Degassing Station Facilities contract for the ENI Zubair Oil Field Development project in Iraq, worth $840 million. The development of the…
Celanese announces plans for new methanol unit
Celanese Corp. (Irving, Tex.; www.celanese.com) has announced its intent to explore plans to construct a methanol production unit at the company’s Bishop, Tex., facility. Celanese is preparing to apply for the necessary environmental construction permits for a methanol unit…
Chevron Phillips expands capacity for sulfur-based products in Belgium
Chevron Phillips Chemical Co. LLC (The Woodlands, Tex.; www.cpchem.com) has announces that its wholly-owned affiliate, Chevron Phillips Chemicals International N.V. is expanding its Tessenderlo, Belgium facility. The expansion includes an on-purpose hydrogen sulfide (H2S) unit and additional sulfur-based products capacity.…
Asahi Kasei opens new acetonitrile plant in Korea
Asahi Kasei Chemicals (Tokyo, Japan; www.asahi-kasei.co.jp) held an opening ceremony celebrating the construction of a new acetonitrile plant in Tongsuh Petrochemical’s plant grounds in Ulsan, Korea, which started up operations in January 2014. Acetonitrile is mainly used as a…
ExxonMobil opens new plant for metallocene-based polyalphaolefins
ExxonMobil Chemical Co. (Houston; www.exxonmobilchemical.com) has announced the opening of its world-scale manufacturing facility that will enable the company to produce up to 50,000 tons per year of SpectraSyn Elite metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks at its integrated…
CB&I awarded Catofin technology project in China
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Shandong Sincier Petrochemical Co. for the license and engineering design of a grassroots propane and butane dehydrogenation unit to be built in Dongying, Shandong Province, China. The unit will…
Clariant and Petronas sign licensing collaboration
Clariant (Muttenz, Switzerland; www.clariant.com) and Petronas Technology Ventures Sdn Bhd (PTVSB; Kuala Lumpur, Malaysia; www.petronas.com.my), a technology commercialization arm of Petronas, today announced that they have entered into a licensing Term Sheet Agreement. The licensing collaboration term sheet was formalized…