Latest News: Business
BASF sells decorative paints business to Prosol
On August 14, BASF SE (Ludwigshafen, Germany; www.basf.com) and Prosol Lacke + Farben GmbH (Aschaffenburg, Germany; www.prosol-farben.de) signed a contract regarding the sale of the decorative paints business of Relius Coatings GmbH & Co. KG in Germany and Relius France…
Cheaper chemicals from algae, farms and forest may be possible, report says
The bio-based materials and chemicals industry needs to tap newer, non-food sources of biomass and cellulosic material and raise volumes of feedstock before it can emerge as an economically viable alternative to petroleum-based products, according to a Lux Research (Boston,…
EPA identifies substitutes for toxic flame-retardant chemical
In an effort to identify possible substitutes for a toxic flame-retardant chemical, known as decabromodiphenyl ether (decaBDE), the EPA (U.S. Environmental Protection Agency; Washington, D.C.; www.epa.gov) has released a draft report on alternatives. This assessment, developed with public participation under…
Outotec to provide technology for nickel sulfate production in South Korea
Outotec Oyj (Espoo, Finland; www.outotec.com) has agreed with Enerchem Co. on the delivery of technology for a nickel-matte treatment facility to be built in South Korea. This order follows the conceptual study and basic engineering Outotec provided for the project.…
Samsung lands first fertilizer contract in Latin America
Samsung Engineering Co., (Seoul, Korea; www.samsungengineering.co.kr) has received a notification of award (NOA) for an $843-million fertilizer plant from Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company. It is a historic project order for Samsung Engineering as it marks…
CB&I awarded EPCM contract for butadiene extraction plant in Belgium
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by BASF SE (Ludwigshafen, Germany; www.basf.com) for the engineering, procurement and construction management (EPCM) of a new butadiene extraction plant in Antwerp, Belgium. The contract, which is valued in excess…
Jacobs lands EPC contract from Methanex
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) was awarded a contract from Methanex Corp., the world’s largest methanol supplier to major international markets, to provide engineering, procurement and construction (EPC) services for a methanol production facility in Louisiana. Officials estimate…
Bio-based butadiene agreement signed by Invista and LanzaTech
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OECD CLI points to easing economic activity, ACC says
The Organization for Economic Co-operation and Development (OECD) composite leading indicator (CLI) for June and other data “continue to point to an easing of economic activity” in most major OECD economies and slowdowns in most major non-OECD economies,” according to…
Worley Parsons lands EPCM contract from Liaoning North Dynasolor
Liaoning North Dynasol, a 50/50 joint venture between Shanxi North Xing’an and Dynasol, has recently awarded to WorleyParsons Ltd.’ (North Sydney, Australia; www.worleyparsons.com) Tianjin office in China with the EPCM (engineering, procurement and construction management) and commissioning contract for the…