Middle East
HP Impact: Fieldbus Foundation registers devices with advanced field diagnostics
The Fieldbus Foundation has registered the first FOUNDATION fieldbus devices incorporating advanced field diagnostics technology. The new registration requirements help to standardize how fieldbus dev..
HP Associations: Growing the fuel pool
Whether refiners like it or not, the drumbeat for renewable fuels grows daily. The building momentum for such fuels is boosted by government mandates and regulations. Unfortunately, the tidal wave for..
SABIC building a plastics applications development center at Saudi university
The Saudi Basic Industries Corp. (SABIC) has signed a construction contract with El Seif Engineering Contracting to build a new SABIC plastics application development center (SPADC) at the Riyadh Techno Valley research complex inside the King Saud University (KSU) campus in Saudi Arabia.
ABB obtains Baldor Electric and expands industrial motion presence
ABB will acquire Baldor Electric in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement, ABB will commence a tender offer to purchase all of Baldor’s outstanding shares for $63.50 per share in cash.
INEOS and BASF establish global styrenics company called Styrolution
INEOS Industries Holdings and BASF SE intend to combine their global business activities in styrene monomers (SM), polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene-butadiene block copolymers (SBC) and other styrene-based copolymers (SAN, AMSAN, ASA, MABS) as well as copolymer blends into a new joint venture called Styrolution.
ProSep to collaborate in Saudi Arabia with Bandariyah International Group
ProSep Inc. has signed a collaboration agreement with Bandariyah International Group, a supplier to the Saudi Arabian oil and gas and petrochemical industries.
BASF buys CRI/Criterion’s global styrene catalysts business
BASF has signed a purchase agreement to acquire the styrene catalysts business of CRI/Criterion, a wholly owned subsidiary of Shell based in Houston, Texas. Financial details of the transaction are not being disclosed.
ITT picks up OI and enhances its global analytical instrumentation business
ITT Corp. has completed its previously announced acquisition of OI Corp. for approximately $29 million. OI is a provider of innovative instrumentation for laboratory and environmental testing in the pharmaceutical, petrochemical, power and industrial markets.
Asian investment creates opportunity for flow and filtration equipment
The expansion of sewage transport, primary treatment and secondary treatment in Asia is creating market opportunities for suppliers of pumps valves, scrubbers, chemicals, controls, filters and other water pollution control equipment.
CB&I has Middle East storage contract
CB&I has been awarded a contract, valued in excess of $60 million, by Daewoo Engineering and Construction Co. Ltd. for the construction of several storage tanks for the Ruwais refinery expansion project in Abu Dhabi, UAE.
- SkyNRG starts construction on its first SAF plant in Delfzijl, the Netherlands 2/13
- India's Reliance wins U.S. license for Venezuelan oil 2/13
- Singapore light distillates stocks hit over 3-yr high on robust imports 2/13
- Three contractors injured at ExxonMobil facility in Beaumont, Texas (U.S.) 2/13
- China's epic renewables boom lifts it into rare clean capacity club 2/13
- TotalEnergies booked loss in France due to refining activities, CEO says 2/13
