Latest News: Business
CB&I awarded paraxylene contract by Reliance Industries
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Reliance Industries Ltd. for providing technology for the world’s largest aromatics complex to be built at Jamnagar, Gujarat, India. "Our role as the exclusive licensor for BP's paraxylene technology…
MHI receives award for testing CO2-recovery facility for Statoil
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi.co.jp) has been awarded from Statoil (Trondheim, Norway; www.statoil.com) to undertake verification testing for a technology qualification program (TQP) for one of the world's largest carbon-dioxide-capture facilities. The approximately 3,400-ton/d CO2 recovery system…
Dyadic Netherlands to develop enzymes for European-funded research consortium
Dyadic International, Inc. (Jupiter, Fla.; www.dyadic.com), a global biotechnology company focused on the discovery, development, manufacture and sale of enzymes and other proteins for the industrial enzyme, bioenergy, and biopharmaceutical industries, has announced that its research and development center in…
Strong gains in capital spending expected for U.S., ACC mid-year report says
Strong gains in capital spending by U.S. chemical manufacturers are expected during the next several years, according to the Mid-Year 2012 Situation and Outlook report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Capital spending for U.S. chemistry will…
Ineos Technologies has been selected by Sibur for four PE units
Ineos Technologies (Lyndhurst, U.K.; www.ineos.com) has licensed its Innovene G and Innovene S processes for the manufacture of linear low density and high density polyethylene (PE) products to the ZapSibNeftekhim production complex of Sibur in Tobolsk, Russia. The two 400,000…
DeZurik to acquire Hilton Valve
DeZurik, Inc. (Sartell, Minn.; www.dezurik.com), a global leader in municipal and industrial valves, has reached a definitive agreement to acquire Hilton Valve, Inc., a producer of fabricated large-diameter and custom knife-gate valves, effective July 9, 2012. The combining of Hilton…
Wison wins Puerto la Cruz oil refinery in Venezuela
Wison Engineering Ltd. (Shanghai, China; www.wison.com ), China’s largest private sector chemical engineering, procurement and construction (EPC) service provider, has been officially awarded an EPC contract by PDVSA Petroleo, S.A. (PDVSA), Venezuela’s state-run oil company, at the Puerto la Cruz…
Technip awarded two contracts for a petrochemical complex in Russia
Technip (Paris, France; www.technip.com) was awarded by ZapSibNeftekhim LLC (an affiliate of JSC Sibur Holding) two front-end engineering and design contracts for plants located in Tobolsk, in the Tyumen Region of Russia. The first contract concerns a linear low/high density…
ACC’s Chemical Activity Barometer (CAB) suggests slowing economic growth
The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) today released the first monthly report of its Chemical Activity Barometer (CAB), a new leading macroeconomic indicator. The data suggest that the broader U.S. economic recovery is slowing. The June CAB indicates…
EPA extends CDR reporting deadline
The U.S. Environmental Protection Agency (EPA; Washington, D.C.; www.epa.gov) is extending the Chemical Data Reporting (CDR) submission deadline for 2012 reports from June 30, 2012, to August 13, 2012. The CDR requires manufacturers (including importers) of certain chemical substances…