Latest News: Business
AkzoNobel to invest €45 million in DCP plant at Ningbo
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has announced its intention to invest €45 million in a new dicumyl peroxide (DCP) plant at its Ningbo multi-site in China to meet a growing local, regional and global demand. Widely used as cross-linking agent…
Outotec to deliver copper smelting and converting technology to China
Outotec Oyj (Espoo, Finland; www.outotec.com) has been awarded a contract by Guangxi Jinchuan Non-Ferrous Metals Co. for the design and delivery of a greenfield copper production plant to be built in the Fangchenggang port area near Bei Hai in Southern…
Latest OECD CLI points to a broad slowdown, ACC report says
The composite leading indicator (CLI) for September, released this week by the Organization for Economic Cooperation and Development (OECD), points “more strongly to a slowdown in economic activity in most OECD countries and major nonmember economies,” according to the most…
Praxair to supply new Uruguayan pulp mil
Praxair Uruguay, a subsidiary of Praxair, Inc. (Danbury, Conn.; www.praxair.com), has signed a 15-year contract to supply oxygen to a new pulp mill complex being built in Punta Pereira, in the department of Colonia, Uruguay. The new facility will be…
Japanese firms plan large fertilizer plant in Angola
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi.co.jp) and Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp), Sojitz Corp. (Tokyo; www.sojitz.com), Sumitomo Corp. (Tokyo; www.sumitomocorp.co.jp), entered into an Early Work Agreement covering a portion of the engineering work (basic design, preparation…
Bechtel awarded $3.9-billion contract for Sabine Pass LNG expansion
Bechtel Corp. (Frederick, Md.; www.bechtel.com) has been selected by Cheniere Energy Partners, L.P. to provide engineering, procurement, and construction services for two new liquefaction trains at the Sabine Pass liquefied natural gas (LNG) terminal in Cameron Parish, Louisiana. The project…
UOP technology to clean natural gas on FPSO vessels in Brazil
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that Modec, Inc. has commissioned a UOP Separex membrane system for processing natural gas on a new Floating Production, Storage and Offloading (FPSO) vessel. The FPSO is using the…
MHI begins installation of radioactive-waste storage-facility equipment at Fukushima Daiichi
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi.co.jp) has begun installation work of the equipment at the site of the Fukushima Daiichi Nuclear Power Station operated by Tokyo Electric Power Company, Inc. (Tepco; www.tepco.co.jp), to deliver a facility to temporally…
U.S. wholesale chemical trade surges upward, but overseas recession likely
Sales of chemicals at the wholesale level increased by 7.8% in October, according to data from the U.S. Census Bureau that was discussed in the latest installment of the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Weekly Chemistry and Economic…
Cristal Global announces TiO2-industry partnership with Outotec
Cristal Global (Jeddah, Saudi Arabia; www.cristalglobal.com), one of the leading vertically integrated titanium-chemicals companies in the world, has announced a “groundbreaking” partnership with Outotec Oyj (Espoo, Finland; www.outotec.com), a leading provider of sustainable minerals and metals processing solutions. The parties…