Latest News: Business
Federal Reserve district reports suggest gradual economic growth, ACC report notes
The most recent reports from the twelve districts of the U.S. Federal Reserve suggest that economic activity continued to expand gradually in July and early August across most regions and sectors, according to data discussed in the Weekly Chemistry and…
Air Products to build a new ASU to supply Cangzhou Zhengyuan Fertilizer
Air Products (Lehigh Valley, Pa.; www.airproducts.com) has signed a long-term contract with Cangzhou Zhengyuan Fertilizer Co., and will build, own and operate an air separation unit (ASU) and integrated gas liquefier in Hebei Province, China. The ASU will produce approximately…
SNC-Lavalin awarded EPCM contract for copper project in Chile
SNC-Lavalin Inc. (Montreal, Quebec, Canada; www.snclavalin.com) has been awarded a contract by Minera Antucoya S.A., a subsidiary of Antofagasta Minerals S.A. (AMSA), to provide overall management, detailed engineering, procurement and construction management (EPCM) services for the Antucoya project in Chile.…
Lanxess to build world’s largest EPDM plant in China
Lanxess AG (Leverkusen, Germany; www.lanxess.com) is building the world’s largest plant for EPDM (ethylene propylene diene monomer) synthetic rubber in China. The company is investing €235 million in the plant in Changzhou (Jiangsu Province). This is the largest investment the…
Linde to build Vietnam’s largest ASU
The Linde Group (Munich, Germany; www.linde.com) has been awarded a long-term contract to supply Vietnamese steel-company POSCO SS-Vina (PSSV) with industrial gases. PSSV and local Group member Linde Gas Vietnam (LGV) recently signed an agreement to this effect. The deal…
Lingering tropical storm Isaac impacts on- and off-shore facilities along U.S. Gulf Coast
Earlier today, tropical storm Isaac was downgraded from Category 1 hurricane status and the National Hurricane Center predicts that it will be downgraded to a tropical depression on Thursday. Over the past several days, it has moved across Louisiana, dumping…
JGC awarded contract for EPC services of Japan’s first oxygen-blown coal IGCC plant
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) has been awarded a contract by Osaki CoolGen Corp. for engineering, procurement and construction (EPC) services of the core facilities for an integrated coal-gasification combined-cycle (IGCC) demonstration plant. The lump-sum turnkey contract, which was awarded…
Operations begin for heavy rare-earth ore concentrate
Molycorp, Inc. (Greenwood Village, Colo.; www.molycorp.com) today announced the start-up of its new heavy rare-earth concentrate facilities at Mountain Pass, Calif., which will produce heavy rare-earth concentrate from freshly mined Mountain Pass ore. The ore will then be processed into…
Jacobs receives contract for soda-ash plant in India
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a contract from RSPL Ltd. to provide engineering services for a new greenfield soda ash plant in Gujarat, India. Officials did not disclose the contract value, however noted that the total…
Foster Wheeler: FEED contract for CCS project in the U.K.
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) says that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Samsung C&T ECUK Ltd. (Samsung), a wholly owned subsidiary of Samsung C&T Korea, to participate in a…