Europe
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..
Technip working on Total’s hydrocracker in the Normandy refinery
Technip has been awarded by Total an engineering, procurement services and construction management contract to increase the capacity of the hydrocracker at the Normandy refinery located in Gonfreville, France.
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.
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.
Scientists to produce super absorbents from CO2
The German Federal Ministry of Education and Research (BMBF) has pledged €2.2 million in funds for a project by the BASF-supported Catalysis Research Laboratory (CaRLa) and hte AG, a company in which BASF has a majority interest.
Neste Oil's NExBTL renewable diesel receives certification in Germany
Neste Oil has received an International Sustainability & Carbon Certification (ISCC) certificate for the NExBTL renewable diesel produced at the company's Porvoo refinery in Finland.
SABIC opens new polyolefin logistics center in the UK
Saudi Basic Industries Corporation (SABIC) recently opened its polyolefin logistics center in northeast England, which is replacing SABIC’s current logistics center in the UK.
BASF and Gazprom celebrate 20-year partnership
BASF and its oil and gas subsidiary Wintershall commemorated 20 years of German-Russian economic history together with Gazprom at an anniversary event in Berlin.
Aker Midsund delivering separator and scrubber packages for FPSOs
Aker Midsund has signed a contract to deliver four separator and scrubber packages to Hyundai Heavy Industries for the Goliat FPSO.
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- 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
