Latest News: Business
Chemical production down slightly in the U.S. and globally, ACC says
The global chemical production regional index (Global CPRI) fell 0.1% in December, the fourth consecutive monthly decline. Similarly, the U.S. chemical production regional index (U.S. CPRI) also slipped by 0.1% in December, following a revised 0.1% decline in November. The…
Major expansion and upgrade project at Samsung Total Petrochemicals’ complex in Daesan
Total S.A. (Paris, France; www.total.com) is consolidating its positions in petrochemicals in Asia with a new expansion and upgrading project for the Daesan complex in South Korea, which the Group owns with Samsung as part of the Samsung Total Petrochemicals…
ZeaChem commercial biorefinery selected for USDA loan guarantee
ZeaChem Inc. (Lakewood, Colo.; www.zeachem.com), a developer of biorefineries for the conversion of renewable biomass into sustainable fuels and chemicals, today announced it has been selected for a $232.5 million loan guarantee from the U.S. Department of Agriculture’s (USDA; Washington,…
UOP technology selected for petroleum-refinery expansion in Pakistan
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, says that its new process technology designed to help petroleum refiners get more high-value product from each barrel of crude oil has been selected by National Refinery Limited (NRL) to maximize…
SNC-Lavalin Nuclear awarded contract for containment-filtered-venting system in Romania
SNC-Lavalin , Inc. (Montreal, Canada; www.snclavalin.com) says that SNC-Lavalin Nuclear has signed a contract with Societatea Nationala “Nuclearelectrica” (SNN) to install reactor containment-filtered-venting systems (CFVS) at the Cernavoda Nuclear Power Plant in Romania. The value of the contract is approximately…
Siemens to acquire Cambridge Water Technology
Siemens Industry Automation Division (Warrendale, Pa.; www.siemens.com/industryautomation) entered into an agreement to acquire Cambridge Water Technology (Cambridge, Mass.; www.cambridgewatertech.com). With this acquisition, Siemens intends to strengthen its product portfolio with a leading-edge technology. The acquisition of Cambridge Water Technology is…
Technip awarded a petroleum-refining contract in Bulgaria
Technip (Paris, France; www.technip.com) was awarded by Lukoil Neftochim Burgas ad, subsidiary of OAO LUKOIL, a lump sum turnkey contract, worth more than €900 million (Technip share around €600 million), for the engineering, procurement and construction of Phase 1 of…
Genomatica: Exclusive worldwide rights to Proesa process for making BDO
Genomatica (San Diego, Calif.; www.genomatica.com) has obtained the exclusive worldwide rights to Beta Renewables S.p.A.’s (Rivalta Scrivia, Italy; www.betarenewables.com) Proesa process for the production of 1,4-butanediol (BDO) from biomass, through any fermentation-based process, pursuant to a definitive agreement signed with…
Keyuan Petrochemicals announces commercial SBS production
Keyuan Petrochemicals Inc. (Ningbo, China; www.keyuanpetrochemicals.com), an independent manufacturer and supplier of petrochemical products in China, today announced that one of its production lines for styrene-butadiene-styrene (SBS) copolymers has commenced commercial production after successful trial production and testing late last…
CERA System joins Samson Group
On January 1, 2012, Cera System Verschleißschutz GmbH (Hermsdorf, Germany; www.cerasystem.de) — a company specializing in ceramics — became a member of the Samson Group AG (Frankfurt am Main, Germany; www.samson.de). The acquisition supplements the Samson product range to include…