Latest News: Business
Solvay launches rare-earth-recycling activities in France
Today, Solvay S.A. (Brussels, Belgium; www.solvay.com) officially opened two rare earth recycling units in France. In order to diversify its sources of supply and preserve resources, the Group has developed a process for recovering rare earths contained in end-of-life equipment…
Biofuels coalition defends Renewable Fuel Standard
A large coalition of advanced and traditional renewable fuel stakeholders today joined forces to defend America’s Renewable Fuel Standard (RFS) and the economic, employment, domestic renewable energy and national security benefits the RFS provides. The new coalition, Fuels America, spans…
Maire Tecnimont lands contract for Egyptian refinery
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.it) says that several contracts have been awarded to some of its subsidiaries for a total amount of approximately €135 million for engineering, procurement and technology services. In Egypt, the Group has been awarded —…
Jacobs wins contract for three SuperClaus units from Petronas
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) has received a contract from Petronas, the state-owned oil company of Malaysia, to develop a basic engineering package for three sulfur recovery units (SRUs). Officials did not disclose the contract value, however noted…
SNC-Lavalin lands EPC contract for thickened-mine-tailings project in Chile
SNC-Lavalin Inc. (Montreal, Quebec, Canada; www.snclavalin.com) has been awarded a contract by Compañía Minera del Pacífico S.A. (CAP Minería), to provide overall management, detailed engineering, procurement and construction (EPC) services for a thickened mine tailings disposal system at the Cerro…
Ineos Europe to source ethane from the U.S.
Ineos Europe AG (www.ineos.com) says it has completed supply and infrastructure agreements that will secure a significant volume of ethane feedstock from the U.S., for use in its European cracker complexes. The company has agreed to a long term deal…
KBR: License, FEED and EPC proposal for fertilizer complex in Indiana
KBR (Houston; www.kbr.com) was awarded a license and engineering contract by Ohio Valley Resources LLC to execute a front-end engineering design (FEED) package to develop an EPC proposal for a fertilizer complex. The complex is proposed for Spencer County, Indiana.…
Technip awarded two contracts for refinery projects in Kazakhstan
Technip (Paris, France; www.technip.com) was awarded two contracts, worth a total value of about €50 million, for the front-end engineering design (FEED) services of two petroleum refineries in Kazakhstan. These awards consist of the modernization of two out of the…
Leading economic indicator increases, but suggests sub-par growth in 2013
The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) today released its monthly Chemical Activity Barometer (CAB), a leading economic indicator derived from a composite index of chemical industry activity. The September CAB showed a 0.3% growth over the previous month.…
Wacker builds new dispersions plant in South Korea
Wacker Chemie AG (Munich, Germany; www.wacker.com) is expanding its production capacity in South Korea for vinyl acetate-ethylene copolymer (VAE) dispersions. The company is constructing a new plant with an annual capacity of 40,000 metric tons (m.t.) at its site in…