Americas
Dow’s Univation, Linde agree to collaborate on cracker, PE integration
Under the agreement, Univation and Linde will work toward delivering streamlined technology, capital expense and operational expense reduction opportunities and improved quality in early-stage design to ethylene cracker and polyethylene projects.
US chemical index shows signs of slowdown: ACC
Accounting for adjustments, the CAB remains up 1.6% over this time last year, a marked deceleration of activity from one year ago when the barometer logged a 3.2% year-over-year gain from 2014.
DuPont doubles down on cost cuts ahead of merger with Dow Chemical
DuPont says it is now targeting cost cuts of $730 million in 2016, with annual savings adding up to $1 billion. Those new projections are higher than figures stated in December.
Flow control provider Accudyne names new CEO
Treadway, who most recently served as president and CEO of Thomas & Betts Corp., a global business unit of ABB, will assume the position on March 1 and be based in Dallas.
Brazil’s Petrobras nears sale involving chemicals producer Braskem
State-run Petrobras has received interest from major international chemical companies for its 36% stake in Braskem's total capital, according to the Reuters report.
Siemens to buy engineering simulation software supplier CD-adapco
CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including fluid dynamics (CFD), solid mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.
US gasoline inventories rise more than expected, but distillate fuels fall
Crude inventories rose by 4 million bbl for the week, compared with analysts' expectations for an increase of 2.8 million bbl. Oil inventories climbed to the highest level since 1990.
M&G Chemicals to expand Corpus PTA, PET plant
In a statement, M&G Chemicals announced an increase in planned PET capacity from 1 MMtpy to at least 1.1 MMtpy, and in PTA capacity from 1.2 MMtpy to 1.3 million MMtpy.
US refiner Tesoro to boost processing of biocrude
Converting renewable biomass into biocrude is expected to enable existing refining assets to produce less carbon-intensive fuels at a lower capital and operating cost than competing technologies.
Flint Hills to build new Texas ethanol terminal
The Buda ethanol terminal will have a rail spur, two storage tanks, a truck-loading rack, water storage, and an operations building. Investment terms were not immediately disclosed.
- UPM unlocks new bio-based markets as Leuna biorefinery produces its first commercial product 12/19
- Stamicarbon awarded technology licensing contract for new urea plant in Eastern China 12/19
- Ford takes $19.5-B writedown on EV business 12/19
- Babcock & Wilcox awarded $40-MM contract for advanced wet gas scrubbing technology at Canadian petroleum refinery 12/19
- Aarti Industries secures methanol and toluene feedstock supply through multiple long-term contracts 12/19
- bp picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit 12/19
