Latest News: Business
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…
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…
Eastman to acquire Solutia
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) and Solutia Inc. (St. Louis, Mo.; www.solutia.com) have entered into a definitive agreement, under which Eastman will acquire Solutia, a leader in performance materials and specialty chemicals. Under the terms of the agreement, Solutia…
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…
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…
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…
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…