Latest News: Business
Atlas Copco to acquire Edwards Group
Atlas Copco AB (Stockholm, Sweden; www.atlascopco.com) and Edwards Group Ltd. have entered into an agreement where Atlas Copco will acquire Edwards, a global supplier of vacuum and abatement solutions, for an amount of up to $1.6 billion. Edwards is a…
Evonik announces expansion of oil additives in Singapore
Evonik Industries AG (Essen, Germany; www.evonik.com) has announced a significant expansion of its Jurong Island, Singapore oil additives plant, to be completed in early 2015. With ongoing improvement and debottlenecking projects scheduled to be finalized during the first half of…
Outotec to modernize Pasar copper smelter in the Philippines
Outotec Oyj (Espoo, Finland; www.outotec.com) has been awarded a contract by Philippine Associated Smelting and Refining Co. (Pasar) for the modernization of Pasar's copper smelter in the Philippines. The contract value exceeds €12 million and it has been booked in…
Panda Power Funds to build combined-cycle power plant in Maryland
Panda Power Funds (Dallas, Tex.; www.pandafunds.com) has announced that it intends to build, own and operate an 859-MW combined-cycle power plant in an industrial-zoned area of Brandywine, Maryland. Once complete, the natural-gas-fueled generating station will be able to supply the…
Uneven growth in chemical production continues, ACC says
Citing data from the U.S. Federal Reserve (Washington, D.C.; www.federalreserve.gov), the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) said growth in chemical production has been “uneven over the past several quarters” in the U.S. in its latest Weekly Chemistry and…
Praxair to expand Kirtland nitrogen facility
Praxair, Inc. (Danbury, Conn.; www.praxair.com) announced today that it has started up a second nitrogen plant at its facility in Kirtland, New Mexico to support growing nitrogen demand in the San Juan basin, which includes southwestern Colorado and northwestern New…
Black & Veatch and Kiewit complete first stage of Jordan Cove LNG facility
Black & Veatch (Overland Park, Kan.; www.bv.com) and Kiewit (Omaha, Neb.; www.kiewit.com) have completed the front-end engineering and design (FEED) work and pre-construction planning activities for the Jordan Cove Liquefaction Project. Located in Coos Bay, Ore., the facility will utilize Black…
Technip awarded contract by NCRA for a H2 plant in Kansas
Technip (Paris, France; www.technip.com), in consortium with its construction partner Performance Contractors Inc., was awarded a contract by the National Cooperative Refinery Assn. (NCRA). This contract covers supply of Technip’s proprietary reforming technology, as well as engineering, procurement, installation and…
Metso to supply biomass-fired heating plant in Finland
Metso Corp. (Helsinki, Finland; www.metso.com) will supply a biomass-fired heating plant for district heating production to Elenia Lämpö in Turenki, Finland. The heating plant is scheduled to go on-stream in late 2014. The value of the order will not be…
Chevron Phillips receives key permits for large Gulf Coast project
Chevron Phillips Chemical Company LP (The Woodlands, Tex; www.cpchem.com) announced it received air permits from the Texas Commission on Environmental Quality for its planned ethane cracker and polyethylene units. Additionally, Chevron Phillips Chemical received a greenhouse gas permit from Environmental…