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Latest News: Business

Energy efficiency is least-expensive utility resource available, report says

Saving a kilowatt-hour through energy-efficiency improvements costs one-third or less than the cost of any new source of electricity supply, according to a new report from the American Council for an Energy Efficient Economy (ACEEE; Washington, D.C.).   Costs for…

Energy Efficiency Improvement Program for SIR Refinery

Axens (Rueil-Malmaison Cedex, France; www.axens.net) and Orbeo (Paris; www.orbeo.com) completed a joint study of the The Ivoirian Refining Co.'s (SIR) Refinery in Abidjan, Ivory Coast, to improve its energy efficiency. The study focused on identification of greenhouse gas emission reduction…

AIChE welcomes recommendations from CSB supporting reactive chemical safety education

The American Institute of Chemical Engineers (AIChE; www.aiche.org) welcomed recent recommendations by the U.S. Chemical Safety Board (CSB) to include reactive chemical safety education for chemical engineering students at U.S. universities. The CSB recommendations were produced following the investigation of…

Babcock International Group acquires UKAEA

Babcock International Group Plc. (Babcock; London; www.babcock.co.uk), the engineering support services company, has agreed to acquire UKAEA Ltd. (Harwell, U.K.) from the United Kingdom Atomic Energy Authority for a cash consideration of £50 million. UKAEA will have cash balances of…

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KBR wins clean-coal contract for China

KBR (Houston, Tex.; www.kbr.com) has been awarded a contract by Beijing Guoneng Yinghui Clean Energy Engineering Co. (Beijing Guoneng) to provide licensing, engineering services and proprietary equipment for the implementation of KBR's and Southern Company's Transport Integrated Gasification technology (TRIG)…

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Outotec to deliver engineering, smelter technology to Iran

Outotec Oyi (Espoo, Finland; www.outotec.com) has received two orders from Iran with the total value of approximately €10 million. Sarcheshmeh Copper Investment Co. has ordered engineering work and converter hoods from Outotec for its copper smelter located in Sarcheshmeh. The…

UOP to offer Raschig Super-Pak structured packing equipment

In an agreement with Raschig GmbH (Ludwigshafen, Germany) announced Sept. 16, UOP (Des Plaines, Ill.) has acquired exclusive rights to offer Super-Pak equipment for all UOP process units worldwide, as well as non-exclusive rights to offer the equipment for non-UOP…

Investor group advocates global climate-change framework

A worldwide shift to energy-efficient and low-carbon technologies for power generation and transportation offers enormous economic opportunities, but the investment community will not be able to realize economic growth without a credible, global climate-change-framework treaty, says an international group of…

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Teijin’s Biofront demonstration plant enters operation

Teijin Ltd. (Osaka and Tokyo; www.teijin.co.jp/english)  announced that it has begun producing its proprietary heat-resistant bioplastic Biofront a demonstration plant in Matsuyama, Ehime Prefecture. The plant was originally Toyota Motor Corp.’s polylactic acid demonstration plant. Following the acquisition of the plant…

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Cytec and Mitsubishi Rayon to advance composites

Cytec Engineered Materials (CEM; Tempe, Ariz.,), a business unit of Cytec Industries Inc. (www.cytec.com) and Mitsubishi Rayon Co. (MRC; Tokyo)) have entered into a strategic business collaboration to advance carbon-fiber-reinforced composite-materials technology. Both CEM and MRC will have the opportunity…