Latest News: Business
Foster Wheeler awarded contract for propylene oxide unit in Saudi Arabia
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) announced yesterday that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management (EPCm) contract by Aramco Overseas Company B.V. (AOC), a subsidiary of Saudi Aramco, and…
Takreer selects Siemens wet air oxidation system for treatment of refinery spent caustic
The Industry Automation Div. of Siemens AG (Nuremburg, Germany; www.siemens.com) is providing Takreer (Abu Dhabi Oil Refining Co.) with a Zimpro wet air oxidation (WAO) system to treat refinery spent caustic as part of the company's expansion of its refinery…
Linde Engineering Dresden purchases Choren’s Carbo-V-Technology
Linde Engineering Dresden GmbH (www.linde.com) has acquired the Carbo-V Technology of the insolvent Choren Industries GmbH (Freiberg, Germany) from the insolvency administrator Dr. Bruno M. Kübler. The Carbo-V Technology (for flowsheet, see Chem. Eng., August 2003, p. 16; www.chemengonline.com/articles/2003/NewsChem/NewsChem08012003_14.html) constitutes…
Air Liquide invests in new ASU in South Africa
Air Liquide (Paris, France; www.airliquide.com) has signed a major long-term contract with Evraz Highveld Steel and Vanadium, the second-largest steel producer in South Africa. Air liquide is investing around €40 million in a new air separation unit (ASU), with a…
Toyo invests in Indonesian engineering company
Toyo Engineering Corp. (Toyo; Chiba, Japan; www.toyo-eng.co.jp) has acquired 47% of shares of a major engineering company, PT. Inti Karya Persada Teknik (IKPT; Jakarta, Indonesia; www.ikpt.com). IKPT, an engineering company founded in 1982, has a lot of experience in engineering,…
Praxair sell advanced components business to FM Industries
Praxair, Inc. (Danbury, Conn.; www.praxair.com) has executed a definitive agreement by which Praxair sold its advanced components business to FM Industries, Inc. (Fremont, Calif.). FM Industries is a wholly-owned subsidiary of NGK Insulators of Japan. Terms of the transaction were…
Fluor to design, build, operate and maintain 125-MW PV facility in Arizona
Fluor Corp. (Irving, Tex.; www.fluor.com) says that Arlington Valley Solar Energy II, LLC (AVSE II), a member of LS Power Group, has awarded Fluor a lump-sum engineering, procurement and construction (EPC) contract, as well as a separate contract for ongoing…
JGC wins closed cooling-water facility rehabilitation project in Iraq
JGC Corp. (Yokohama, Japan; www.jgc.co.jp) has been awarded a contract for a project to renovate cooling water facilities at a thermal power plant in Nassiriyah in southern Iraq. This marks the first post-Iraq War lump-sum contract for engineering, procurement, and…
AkzoNobel invests €80 million to supply new Suzano pulp mill in Brazil
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) is planning to invest €80 million in the construction of a new pulp Chemical Island facility in Brazil. The plant, operated by the company's Pulp and Paper Chemicals business, Eka Chemicals, will supply the Suzano…
ThyssenKrupp and Outokumpu to combine their stainless-steel businesses to create a new global leader
ThyssenKrupp AG (Essen, Germany; www.thyssenkrupp.com) and Outokumpu Oyj (Espoo, Finland; www.outokumpu.com) today announced the combination of Outokumpu with Inoxum, the stainless steel unit of ThyssenKrupp, to create a new global leader in stainless steel. Agreements to this effect have been…