The Sterling Group, L.P. Completes the Sale of Hudson Products Holdings, Inc.

The Sterling Group, L.P., a middle-market private equity firm based in Houston, Texas, today announced that they have finalized the sale of Hudson Products Holdings, Inc. to Riverstone Holdings LLC. Since 1939, Hudson Products has designed and manufactured air-cooled heat exchanger equipment to serve the oil, gas, and petrochemical processing industries.... 

LyondellBasell’s World-Class PE and PP Technologies Selected by Kazakhstan Petrochemical Industries

Kazakhstan Petrochemical Industries Inc. LLP, in which LyondellBasell is holding a minority interest, has selected LyondellBasell’s polyethylene (PE) and polypropylene (PP) technologies for three new plants that will have a combined capacity of 1300 KT of polyolefins per year. The plants will be constructed at the petrochemical complex of Karabatan... 

CMAI Launches Global Soda Ash Consulting Service

Chemical Market Associates, Inc. (CMAI) announces the launch of the Global Soda Ash Consulting Service; adding further depth and breadth to the products CMAI covers across the chemicals sector. Along with day-to-day contact with the key industry players, CMAI’s chlor-alkali consultants from all global offices will use their industry experience... 

Alfa Laval Wins Power Order in Russia Worth SEK 50 million

Alfa Laval, a world leader in heat transfer, centrifugal separation and fluid handling – has received an order for plate heat exchangers from a company in the growing Russian power industry. The order value is about SEK 50 million. Delivery is scheduled for 2009. “Some 50 percent of Alfa Laval’s order intake during the first half of 2008 derives... 

Swagelok(R) Variable Area Flowmeters Offer Custom Calibration

Swagelok® variable area flowmeters (VAFs) are the latest addition to the company’s broad line of fluid system components. Used to measure liquid and gas flow rates by means of a tapered tube and float, Swagelok flowmeters provide highly accurate measurement with individually calibrated scales and a 10:1 turndown ratio. All Swagelok VAFs are factory... 

Chevron to Sell Fuels Marketing Business in Brazil to a Subsidiary of Ultrapar Participacoes

Chevron Corporation announced that two of its subsidiaries have entered into an agreement with a subsidiary of Ultrapar Participações S.A. (Ultrapar) to sell Chevron’s fuels marketing business in Brazil for approximately $730 million plus a working capital adjustment. The final amount will vary based on exchange rate fluctuations and the actual... 

Dresser-Rand Agrees to Acquire Arrow Industries, Inc. and Completes Acquisition of Assets of Enginuity LLC

Dresser-Rand Group Inc., a global supplier of rotating equipment to the oil, gas, petrochemical, and process industries, announced today that its affiliates have entered into two acquisition agreements. Each is consistent with the company’s strategy of acquiring products, services, and technologies that offer access to new markets or enhance current... 

Albemarle to Increase Prices of FCC Catalysts for VGO and Resid Cracking

Albemarle Corporation, a leading global supplier of petroleum refining catalysts and additives, will increase the prices of its fluidized catalytic cracking (FCC) catalysts for both heavy feed (Resid) and vacuum gas oil (VGO) cracking applications by 20 percent worldwide, effective September 1, 2008, or as contracts allow. Natural gas and rare earth... 

BP and Verenium Announce Significant Partnership to Accelerate the Commercialization of Cellulosic Ethanol

BP and Verenium Corporation announced the creation of a strategic partnership to accelerate the development and commercialization of cellulosic ethanol. The partnership combines a broad technology platform and operational capabilities in an effort to advance the development of a portfolio of low-cost, environmentally sound cellulosic ethanol production...