Latest News: Business
MHI awarded concept study for large CO2-recovery facility in Norway
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi.co.jp) has been awarded by Statoil, an international energy company with headquarters in Norway, to undertake a concept study for a technology qualification program (TQP) for one of the world's largest carbon dioxide…
Lummus Technology awarded PP contract in China
CB&I's (The Woodlands, Tex.; www.cbi.com) Lummus Technology has been awarded a contract by Huating Coal Group Co., Ltd. for the license, basic engineering and related services for a polypropylene plant at Huating Industrial Development Area Gansu in China. The plant…
JGC subsidiary awarded ethylene facility expansion project in Saudi Arabia
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) says that its wholly-owned Saudi Arabian subsidiary, JGC Gulf International Co. (JGC Gulf), has been awarded a contract for expansion of ethylene manufacturing facilities for the Rabigh Phase II Project. The contract was awarded by…
Hillenbrand to acquire Coperion
Hillenbrand, Inc. (Batesville, Ind.; www.hillenbrand.com) has agreed to acquire the Coperion Group (Stuttgart, Germany; www.coperion.com) . The transaction is anticipated to close by December 31, 2012, subject to regulatory approvals. Hillenbrand is a strategic global diversified industrial company, publicly listed…
ITT to acquire Bornemann Pumps
ITT Corp. (White Plains, N.Y.; www.itt.com) announced today it has signed an agreement to acquire Joh. Heinr. Bornemann GmbH (Bornemann Pumps; Obernkirchen, Germany; www.bornemann.com), a leading global provider of highly engineered pumps and systems for the oil and gas industry.…
OECD CLI forecasts weakening growth, ACC report says
The Organization for Economic Co-operation and Development (OECD) composite leading indicator (CLI) for August shows that most major world economies will continue to see weakening growth in coming quarters, according to OECD data that was included in the latest Weekly…
Foster Wheeler awarded EPCm contract for Lanxess’ Nd-PBR plant in Singapore
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) say that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by Lanxess Butyl Pte. Ltd. for a new neodymium-polybutadiene (Nd-PBR) rubber plant…
Uhde to engineer one of the world’s largest liquid fertilizer plants
OCI Construction Group has selected ThyssenKrupp Uhde GmbH (Uhde; Dortmund, Germany; www.uhde.eu) for an engineering and procurement contract for the construction of one of the world’s largest single-train liquid fertilizer plants to be built in the U.S. Uhde was awarded…
Air Products’ Indura opens new liquid plant in Chile
Air Products (Lehigh Valley, Pa.; www.airproducts.com) says that Indura, its South American joint venture, has opened a new 84-ton/d industrial gas plant producing liquid oxygen, nitrogen and argon in Puerto Varas, Chile. The new facility, which will include a cylinder…
Novasep to build world’s largest chromatography plant for the pharmaceutical industry
Novasep (Pompey, France; www.novasep.com) announces today an investment of €30 million to build in Europe what will be the world's largest chromatography plant used for the production of a large volume commercial API (active pharmaceutical ingredient). The plant will be…