Latest News: Business
Italian industry-academic collaboration on breakthrough innovation
An official ceremony took place today with Giovanni Azzone, rector of Politecnico di Milano (www.polimi.it), and Fabrizio Di Amato, CEO and chairman of Maire Tecnimont S.p.A. (www.mairetecnimont.com) for the signature of a framework agreement for a scientific collaboration between Maire…
Teijin Chemicals to establish JV with SK Chemicals
Teijin Chemicals Ltd. (Tokyo, Japan; www.teijin.co.jp), the core company of the Teijin Group’s resin and plastic processing business, announced an agreement with SK Chemicals, a South Korean chemical producer, on a business collaboration, including the establishment of a joint venture…
Praxair to acquire NuCO2 for $1.1 billion
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has entered into an agreement to acquire NuCO2 INC. from Aurora Capital Group, a Los Angeles, California based private equity firm, for $1.1 billion in cash. The transaction is subject to customary conditions to closing,…
Samsung Engineering awarded Iraq Gazprom Badra GSP contract
Samsung Engineering Co. (Seoul, South Korea; www.samsungengineering.co.kr) has officially announced its contract award from Gazprom Neft, a subsidiary of Gazprom, one of Russia’s largest oil and gas companies. The $879-million contract covers engineering, procurement and construction (EPC) for the gas…
First shipment of bio-based farnesene is made
The renewable chemicals and fuels company Amyris, Inc. (Emeryville, Calif.; www.amyris.com) announced today the first commercial shipment from its new plant in Brazil. Amyris's first purpose-built industrial fermentation facility produces Biofene, the company's brand of renewable farnesene. The product is…
U.S. specialty chemicals market volume expanded in December, ACC says
The market volume for specialty chemicals in the U.S. rose by 0.7% in December 2012, according to the American Chemistry Council (Washington, D.C.; www.americanchemistry.com). The December expansion follows a 0.5% gain in November and offsets some softness experienced in this…
Uhde wins another fertilizer contract in Turkey
Bandirma Gübre Fabrikaları A.Åž. (BAGFAS; Bandirma, Turkey) has awarded ThyssenKrupp Uhde (Uhde; Dortmund, Germany; www.thyssenkrupp-uhde.de) a contract to supply a plant for the production of calcium ammonium nitrate (CAN) fertilizer in 2012. The new plant will be integrated into the existing…
Jacobs receives contract for boron expansion project
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) says it was awarded a contract from Rio Tinto Minerals (RTM) to provide engineering, procurement and construction management (EPCM) services for its plant expansion project in Boron, Calif. Officials are currently estimating the…
Outotec to provide a renewable energy solution for a bio-ethanol facility in Iowa
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with a major cellulosic ethanol producer on the design and delivery of a renewable energy solution for a bio-ethanol facility in Iowa. The order has been included in Outotec's Q4 2012 order intake…
Shell and Kinder Morgan plan to export LNG from the U.S.
Shell US Gas & Power LLC (Shell), a subsidiary of Royal Dutch Shell Plc, and Southern Liquefaction Company, LLC, a Kinder Morgan company and unit of El Paso Pipeline Partners, L.P., announced their intent to form a limited liability company…