Americas
Airgas acquires Weldinghouse, nitrogen services unit of Priority Energy
Weldinghouse is an industrial gas and welding supply distributor that generated more than $19 million in sales in calendar year 2014. Headquartered in Corpus Christi, Texas, Weldinghouse has four locations throughout southern Texas and nearly 40 associates.
US chemical activity shows summer recovery
There were gains in the output of pesticides, synthetic rubber, chlor-alkali, plastic resins, and pharmaceuticals. These gains were offset, however, by declines in the production of organic chemicals, adhesives, acids, phosphates, sulfates, manufactured fibers, other specialties, and fertilizers.
US gasoline demand rises to post-2007 high: API
Gasoline demand rose last month by 3.5% from June 2014 to average over 9.3 million bpd. These deliveries were the highest for any month since August 2007.
Shell to sell Elba LNG stake in Georgia to partner Kinder Morgan for $630M
The Elba liquefaction project is proposed to be constructed and operated at the existing Elba Island LNG terminal near Savannah, Georgia. Kinder Morgan currently owns 51% of the ELC joint venture, while Shell owns the remaining 49% and subscribes to 100% of the liquefaction capacity.
Dow, Olin earn IRS nod for $5B chlor-alkali merger
Dow will separate its US Gulf Coast chlor-alkali and vinyl, global chlorinated organics and global epoxy businesses, and then merge these businesses with Olin in a Reverse Morris Trust transaction.
Dominion contracts GE for two compressor trains at Cove Point LNG project
The project located on the Chesapeake Bay in Lusby, Maryland, will produce about 5.25 MMtpy of LNG when completed in late 2017 and will be the first LNG export terminal on the US East Coast.
REG plans $31M upgrade to Illinois biorefinery
The most notable upgrade will be the addition of biodiesel distillation capabilities to the 45-million gal nameplate capacity biorefinery. Other planned upgrades include pretreat capacity improvements, along with storage, logistics and other optimization enhancements.
Univar acquires US-based Chemical Associates
Chemical Associates markets, manufactures and distributes oleochemicals like tall oil fatty acids, oleic acids, stearic acids, fractionated acids, fatty alcohols, polyunsaturated fatty acids, coconut fatty acids, castor derivatives, methyl esters, calcium stearate, metallic stearates, and glycerine.
Praxair to recover CO2 at PBF refinery in Delaware
Praxair will build, own and operate a 450-tpd carbon dioxide purification and liquefaction plant at the refinery, run by PBF Energy in Delaware City, Delaware.
Oiltanking acquires Vopak terminals in Finland for chemicals, oil products
Finland is one of the main transit hubs for the export and import of chemical and petroleum products in relation to Russia and the other FSU countries.
- IHI, Vopak to launch ammonia terminal project in Japan 7/11
- India's BPCL plans to shut Bina refinery unit for 15-day maintenance in August 7/11
- Soaring electric truck sales deal new blow to diesel use in China 7/11
- Russia`s Tatneft launches new hydrocracking unit on TANECO refinery 7/11
- IEA: Global oil market may be tighter than it looks 7/11
- India must boost its petchem output to counter China's dominance, Reliance says 7/11
