Sunoco Inc. announced that it will permanently close its polypropylene manufacturing facility located in Bayport, Texas, no later than April 30, 2009. The facility can produce approximately 400 million pounds of polypropylene each year. “The decision to close the facility was made after an extensive review which demonstrated that the plant is no longer...
Atlas Copco has won a multi-million USD contract to supply six turboexpander compressors for a new type of application related to liquefied natural gas (LNG). The customer, Norway-based KANFA Aragon A.S., part of the Sevan Marine Group, will use the equipment for the world’s first floating natural gas liquefaction plant. Installed aboard a so-called...
EnPro Industries announced the acquisition of Northern Gaskets and Mouldings Limited (NGM), a distributor of sealing products and a manufacturer of gaskets located in Batley, UK. NGM will operate as part of Garlock (Great Britain) Limited. The acquisition was completed for cash. Terms were not disclosed. NGM serves a variety of industries in the United...
Dresser-Rand Group Inc. announced that Dresser-Rand has made an investment in Ramgen Power Systems, LLC, and further expects to support Ramgen’s ongoing development work. Dresser-Rand’s funding will help satisfy Ramgen’s requirement with the Department of Energy’s National Energy Technology Lab to obtain private matching funds...
Equistar Chemicals, LP, will temporarily idle the olefin unit at La Porte, Texas, due to declining market and economic conditions. The La Porte olefin unit is expected to remain out of service until early 2009. The plant has a nameplate capacity of 1.7 billion pounds per year of ethylene and 700 million pounds of propylene. “We have elected to...
The Board of Royal Dutch Shell plc announced that Peter Voser will succeed Jeroen van der Veer as Chief Executive, effective 1 July 2009. Voser (50) is Chief Financial Officer and a Director of the Board since October 2004. “I am delighted to announce Peter Voser as the next Chief Executive of Royal Dutch Shell,” said RDS plc Chairman Jorma...
Foster Wheeler Ltd. announced that its subsidiaries, Foster Wheeler Energy Limited and Foster Wheeler International Engineering & Consulting (Shanghai) Co. Ltd., together with its consortium partner, Wuhuan Engineering Company, have been awarded contracts by Sasol Synfuels International (Proprietary) Limited (Sasol) and Shenhua Ningxia Coal Industry...
Chemical Market Associates, Inc. (CMAI) announces the completion of the 2009 World Polyolefins Analysis. This market study provides clients with a historical perspective and insight into the forecast of supply and demand dynamics, production capacity, trade patterns, pricing relationships, profitability, production economics and technology for global...
Exousia Advanced Materials, Inc., a leader in advanced coatings and industrial materials, announced through its wholly owned subsidiary, AEGEON Advanced Coatings, the introduction of its 9400 Series Underwater Curable Epoxy Coatings. These high-performance industrial coatings provide superior corrosion protection in underwater and high humidity locations....
The technology group The Linde Group has entered into two new contracts for the on-site supply of gases to the companies Ningbo Iron & Steel Co. Ltd and Hanwha Chemical Corporation (HCC) in Ningbo in eastern China. Under the agreements, Linde will build an additional air separation plant at the emerging industrial site on the Yangtze delta, an...