The preliminary value for the CE Plant Cost Index (CEPCI) for April 2023 (most recent available) rose compared to the previous month’s value, the second consecutive monthly rise. The April values saw small increases in all four subindices (Equipment; Buildings;…
As part of the "Hydrom Phase A Round 1" call for projects, the consortium led by Engie S.A. (La Défense, Courbevoie, France) and POSCO (Pohang-si, South Korea) was awarded land block (Z1-02) by Hydrom, the orchestrator and master planner of…
The Saudi Arabian Oil Company (Aramco; Dhahran) and TotalEnergies SE (Paris) awarded Engineering, Procurement and Construction (EPC) contracts for the $11 billion Amiral complex, a future world scale petrochemicals facility expansion at the SATORP refinery in the Kingdom of Saudi…
Vertex Energy, Inc. (Houston) announced that the Company has completed its first series of commercial sales transactions of renewable diesel (RD) from its recently completed Renewable Diesel production facility at its refinery located in Mobile, Alabama (the “Mobile Refinery”). The…
Trane Technologies plc (Swords, Ireland) announced its participation in three projects accelerating next-generation heat-pump efficiency to reduce energy and emissions across multiple industrial sectors. These projects were recently awarded U.S. Department of Energy (DOE) grants for the research and development…
TotalEnergies SE (Paris) and VNG, a German natural gas distribution company, have signed an agreement to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. Under the agreement, green hydrogen will be produced from renewable…
Honeywell International Inc. (Charlotte, N.C.) announced that SASA Polyester Sanayi A.Ş. will build the world’s largest Propane Dehydrogenation (PDH) unit in Yumurtalık, Türkiye using the latest generation of Honeywell Oleflex technology. The facility will have the capacity to produce 1-million-tons…
Nippon Shokubai America Industries, Inc. (NAII), the U.S. subsidiary of NIPPON SHOKUBAI CO., LTD., has launched marketing and capital investment initiatives to expand the Nippon Shokubai Group’s Solutions Business, a division that leverages the company’s research and development (R&D) capabilities…
Busch Vakuumteknik AB, a business of The Busch Group, has acquired the Gothenburg-based service company VakuumExperten i Sverige AB, which specializes in preventive and remedial maintenance work in vacuum technology. “The acquisition of VakuumExperten is in line with our promise…
SK geo centric (SKGC; Seoul, South Korea) has introduced Korea’s first platform utilizing “blockchain technology” for recording and tracking the history of recycled plastic materials. By leveraging the tamper-proof nature of blockchain, it aims to ensure that customers can rest assured…