Americas
Rare earths sales likely to triple by 2015 - study
World demand for rare earths is forecast to expand by 7.1%/year to 180,000 metric tons by 2015, according to a new study from US industry market research firm The Freedonia Group. In dollar terms, sales are expected to more than triple from $3.0 billion in 2010 to $9.2 billion in 2015.
Calumet to buy Wisconsin refinery from Murphy Oil for around $475mn
Murphy Oil has agreed to sell its 34,300 bpd refinery in Superior, Wisconsin, for $214 million plus the value of hydrocarbon inventory to refiner Calumet Specialty Products. The hydrocarbon inventory will be valued based on market prices at closing, the company said. The inventory was valued at approximately $260 million as of June 30.
Biofuels firm Gevo to build isobutanol processing demonstration plant in Texas
Renewable chemicals and advanced biofuels firm Gevo will work with a subsidiary of the Arabian American Development Co. to build a hydrocarbon processing demonstration plant at their facility just outside of Houston in Silsbee, Texas.
Statoil to supply ethane for NOVA Canada cracker
NOVA Chemicals has signed a memorandum of understanding with Statoil to secure a long-term supply of ethane from the Marcellus Shale basin. Financial terms were not disclosed.
DuPont buys US solar technology firm Innovalight
US-based chemicals major DuPont has acquired Innovalight, a company specializing in advanced silicon inks and process technologies that increase the efficiency of crystalline silicon solar cells.
Foster Wheeler to hire Linde exec Masters as CEO
The board of directors for engineering firm Foster Wheeler has approved a senior leadership succession plan under which J. Kent Masters, 50, will become CEO, effective October 1.
Bioenergy group Terrabon awarded jet fuel project for US defense agency
Houston-based bioenergy company Terrabon has been awarded a $9.6 million, 18-month contract by Logos Technologies to design a more economical and renewable jet fuel (BioJet) production solution for the Defense Advanced Research Projects Agency (DARPA).
ExxonMobil marine affiliate to build two crude oil tankers for US West Coast use
Exxon Mobil’s US marine affiliate, SeaRiver Maritime, signed a letter of intent with Aker Philadelphia Shipyard to build two US flag crude oil tankers in partnership with shipbuilding technology firm Samsung Heavy Industries.
KBR inks EPC deal for Molycorp chlor-alkali plant
Rare earth oxides producer Molycorp awarded an engineering, procurement, and construction (EPC) contract to KBR to build a chlor-alkali plant as part of the company’s $781 million expansion at its flagship rare earth facility in Mountain Pass, Calif.
Chevron forms technology alliance with NASA to improve oil, natgas recovery
Chevron and NASA’s Jet Propulsion Laboratory (JPL) have formed an alliance to develop a range of technologies to improve the production and recovery of oil and natural gas resources, the groups said on Monday.
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