Europe
Strategic buyers lead chemical M&A revival - report
Mergers and acquisitions (M&A) activity in the global chemicals industry surged following the recession, driven by interest from strategic buyers in the specialty chemical sector, according to a report issued Wednesday from Fitch Ratings.
Neste Oil starts Rotterdam renewable diesel plant
Neste Oil has successfully started up Europe's largest renewable diesel plant in Rotterdam in the Netherlands, the company said on Tuesday. Production of NExBTL renewable diesel at the new plant will be ramped up on a phased basis.
FMC Technologies to supply subsea equipment in North Sea
FMC Technologies has been awarded a contract by BG Group for the manufacture and supply of subsea production equipment to support the Knarr oil and gas field.
EIA sees $125/bbl oil in 2035 amid rising demand from China, India
Global oil prices are likely to remain high, but oil consumption should continue to grow, with both conventional and unconventional liquids used to meet rising demand, according to the International Energy Outlook (IEO2011) study released Monday by the US Energy Information Administration (EIA).
Neste Oil to sell Belgium polyalphaolefin plant to Chevron Phillips Chemical
Chevron Phillips Chemical (CPChem) has agreed to acquire a polyalphaolefin (PAO) plant located in Beringen, Belgium, from Neste Oil.
Sulzer opens first Russia pumps service center
Sulzer Pumps will soon open its first service center in Russia. Located in Khimki, Moscow, the new service center will provide repair and retrofit service for industrial pumping systems for Russian customers, the company said.
Technip to engineer Gabon ammonia-urea project
Gabon Fertilizers awarded France-based Technip with a strategic engineering contract for a world class grassroots ammonia-urea fertilizer project to be developed at Port Gentil, Gabon.
Foster Wheeler wins EPC deal for Sasol expansion in South Africa
Foster Wheeler has been awarded a contract by Sasol to provide engineering, procurement and construction management (EPCm) services for the Sasolburg utilities expansion project at Sasolburg, South Africa.
EU Parliament seeks stricter greenhouse gas rules
The European Parliament is calling for fast action to reduce non-CO2 climate forcers including black carbon soot, hydrofluorocarbons (HFCs), methane, and ground-level ozone, which together are responsible for nearly half of climate forcing, the group said.
Praxair to supply gases for Russia glass facility
Praxair has reached a 15-year agreement to supply nitrogen and hydrogen to Guardian Industries’ new float glass facility in Rostov, a growing industrial region in southern Russia.
- Aster Chemicals declares force majeure at Singapore naphtha cracker 8/29
- Orlen signs 1-yr deal with Equinor for supply of 15% oil it uses 8/29
- Novatek partially resumed processing at Ust-Luga complex 8/29
- Phillips 66 to begin winding down Los Angeles-area refinery next week 8/29
- Update: Mexico's Minatitlan refinery back online, Olmeca still down 8/29
- SIBUR produces test batch of first hexane plant in Russia 8/28
