Latest News: Business
Shaw to be acquired by CB&I
The Shaw Group Inc. (Baton Rouge, La.; www.shawgrp.com) has signed a definitive merger agreement with CB&I (The Woodlands, Tex.; www.cbi.com) under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion. Under the terms…
BASF and Sinopec to explore building a world-scale isononanol plant in Maoming
BASF SE (Ludwigshafen, Germany; www.basf.com) and China Petroleum & Chemical Corp. (Sinopec; www.sinopec.com) have signed a Memorandum of Understanding (MoU) to further strengthen their cooperation by jointly exploring the possibility of building a world-scale isononanol (INA) plant in Maoming Hi-tech…
First day of the fair – first success
The Achema fair crew of Sommer Maschinen- & Anlagenbau (Düsseldorf, Germany), which now belongs to the HAVER Group (Oelde, Germany; www.haverboecker.com), says it received its first order on the first day of the Achema fair last month. Together with Fuchs…
Metabolix signs LOI with Antibioticos for production of Mirel Biopolymer Resin
Metabolix, Inc. (Cambridge, Mass.; www.metabolix.com) has signed a letter of intent (LOI) with Antibioticos S.A. (www.antibioticos-sa.com) for production of Mirel biopolymer resin at its manufacturing facility in Leon, Spain. Under the terms of the LOI, Metabolix will begin work immediately…
Air Products expands LNG heat-exchanger manufacturing in Florida
In order to stay ahead of the increasing demand for its liquefied natural gas (LNG) technology and equipment, Air Products (Lehigh Valley, Pa.; www.airproducts.com) plans to expand its LNG heat exchanger manufacturing capacity by constructing a second manufacturing facility at…
SNC-Lavalin and JV partners acquire engineering division in Saudi Arabia
SNC-Lavalin Inc. (Montreal, Quebec, Canada; www.snclavalin.com) is pleased to announce that SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy joint venture (JV) between SNC-Lavalin and its local partners, recently acquired the industrial division of Zuhair Fayez Partnership, a well-respected Saudi Arabian…
Matheson to strategically partner with SynGest
Matheson (Basking Ridge, N.J.; www.mathesongas.com) and SynGest Inc. (San Francisco, Calif.; www.syngest.com) have agreed to enter into a strategic agreement for Matheson to supply 100% of the oxygen and nitrogen for SynGest's worldwide BioAmmonia and BioUrea projects. Under the intended…
ABB wins order for a new gas condensate plant in Oman
ABB (Zurich, Switzerland; www.abb.com) has won a contract worth over $ 100 million to build a new gas condensate processing plant for Petroleum Development Oman (PDO) in the Sultanate of Oman. The order was booked in the second quarter. The…
Toyo awarded EPC contract for Indian chemical complex
Toyo Engineering India Ltd. (Toyo-India), an Indian subsidiary of Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp), has been awarded an engineering, procurement and construction (EPC) contract to build a new multi-business chemical production site for BASF India Ltd. part of…
Evonik expands production of crosslinking boosters in Wesseling
In the products triallyl cyanurate (TAC) and triallyl isocyanurate (Taicros), Evonik Industries AG (Essen, Germany; www.evonik.com) offers two high-quality crosslinking boosters. Given the planned expansion of production capacities in Wesseling at the end of 2013, it will be possible to…