Latest News: Business
ABB acquires ring motor business from Alstom
ABB (Zurich, Switzerland; www.abb.com), a power and automation technology group, announced today the acquisition of Alstom’s ring motor business to enhance its gearless mill drive (GMD) system business. The parties agreed not to disclose financial details of the transaction. The…
Sibur and Sinopec establish a joint venture to produce synthetic rubbers
Sibur (Moscow, Russia; www.sibur.com) a gas processing and petrochemicals company and China Petroleum and Chemical Corporation (Sinopec Corp.), a major global petroleum and petrochemical enterprise group entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber…
Foster Wheeler wins contract for Enterprise propane dehydrogenation project in Mont Belvieu, Tex.
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners…
GTC Technology/Neville Chemical JV to provide technology for Versalis plant in Italy
Neville Venture (Pittsburgh, Pa. www.nevchem.com), a joint venture between US-based companies GTC Technology and Neville Chemical Co., has signed a strategic partnership agreement with Versalis (Eni) for the production of hydrocarbon resins at Versalis’s plant in Priolo, Italy. GTC also…
Dow and Johnson Matthey Davy Technologies License LP Oxo Technology to PetroChina
Johnson Matthey Davy Technologies (JM Davy; London, U.K. www.davyprotech.com) and The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that PetroChina Guangdong Petrochemical Co., a subsidiary of PetroChina Company Ltd. (PetroChina), China's largest oil-and-gas producer and distributor, has selected LP Oxo…
PMI in U.S. at highest level in two years; Global PMI up slightly, ACC says
The Manufacturing PMI (Purchasing Manager’s Index) for the U.S. rose by 4.5 points in July to 55.4, its highest level in two years, according to data from the Institute for Supply Management that was included in the American Chemistry Council’s…
Messer continues to grow in China
Messer (Bad Soden/Frankfurt, Germany; www.messergroup.com), the largest owner-managed industrial gas specialist worldwide, continues to drive its development in China. In the Paojiang industrial zone located in Shaoxing in Zhejiang province, the company is building a new air separation plant to…
DOE announces new biofuels projects
During remarks at the U.S. Energy Dept.’s (DOE; Washington, D.C.; www.energy.gov) Biomass 2013 annual conference, Secretary Moniz today highlighted the important role biofuels play in the Administration’s Climate Action Plan to increase our energy security and reduce greenhouse gas emissions…
Lewa-Nikkiso acquires Geveke
Nikkiso Co. (Tokyo, Japan) the manufacturer of fluid control technologies, has acquired Geveke B.V. (Amsterdam, the Netherlands), a sales company and system integrator of industrial pumps and compressors, as a strategic investment at this end of July 2013. Nikkiso is…
Clariant capacity expansion for pigments approved
Specialty chemical maker Clariant (Muttenz, Switzerland; www.clariant.com) is proceeding with a 50% expansion in capacity at its Azo pigments and pigment preparations plants in Roha, India. This recently approved investment will also enhance the capabilities and output at the site…