Europe
ExxonMobil to consolidate businesses of fuels marketing, lubricants
The ExxonMobil board of directors will approve the consolidation of ExxonMobil Fuels Marketing Co. and ExxonMobil Lubricants & Petroleum Specialties Co. into ExxonMobil Fuels, Lubricants & Specialties Marketing Co., effective February 1, 2012.
HB Fuller to acquire global industrial adhesives business from Forbo
HB Fuller Co has signed an agreement to purchase the global industrial adhesives business of Forbo Group. Forbo is known for the breadth of its product line in all of HB Fuller’s core market segments, particularly packaging and durable assembly, according to Fuller officials.
Foster Wheeler wins EPCm for BP gas separation project in Scotland
Foster Wheeler has been awarded an engineering, procurement and construction management (EPCm) contract for BP Exploration’s enhanced gas separation project (EGSP) in Scotland. The project is expected to be completed in 2013.
Total wins Exxon tender for Slagen refinery lifting
Total has won ExxonMobil Corp.’s 2012 tender for lifting from its 110,000 bpd Slagen refinery in Norway, a fuel oil trader familiar with the matter said Wednesday. Annual fuel oil tenders from Exxon's Northwest Europe refineries are widely followed by traders in the region.
Total buys ExxonMobil stake in Antwerp olefins unit
Total affiliate PetroFina S.A. on Wednesday signed an agreement with ExxonMobil under which ExxonMobil is to transfer to Total its 35% shareholder interest in Fina Antwerp Olefins. This plant is the second largest in Europe for the production of base chemicals products, including ethylene, propylene and benzene.
Dow, Aksa form carbon fiber venture in Turkey
Dow Chemical and Turkey-based Aksa on Tuesday formed a joint venture to manufacture and commercialize carbon fiber and derivatives. Total investment in the project, including third-party investments, is expected to reach $1 billion in five years and create up to 1,000 employment opportunities, the companies said.
Jacobs awarded design work for sulfuric acid coolers in Bulgaria
Jacobs announced Tuesday its Canada-based Chemetics unit in Pickering, Ontario, was awarded a design and fabrication contract by Aurubis Bulgaria for two proprietary designed sulfuric acid coolers to be installed at its acid plant in Pirdop, Bulgaria.
BP to invest $15bn in Angola over next 20 years
BP plans to invest $15 billion in Angola over the next two decades, CEO Bob Dudley said at a press conference in Luanda. BP has already invested $15 billion in various projects in Angola and plans to invest another $15 billion for the next two decades, the CEO said.
Coca-Cola plans to have 100% plant-based bottle
Coca-Cola expects to have a plastic bottle made entirely from plant-based materials ready for commercial use in the next few years as it looks to reduce its reliance on petroleum used in traditional plastic bottles. Coca-Cola believes it can have the plant-based bottle developed by 2015 so that, by 2020, all of its plastic bottles can be using the new material.
Petrobras, Tereos mulling fuel ethanol production in Mozambique
Brazilian state-owned oil company Petroleo Brasileiro, or Petrobras, and French-controlled sugarcane miller Tereos Internacional said Wednesday they plan to study the possibility of producing and selling ethanol fuel in Mozambique. The two firms already operate a mill in the southern African country that crushes 1.2 million metric tons of sugarcane.
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