Asia/Pacific
Saint-Gobain to acquire chemicals construction company FOSROC for $1 B
Saint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately owned global construction chemicals player, for $1 B (€960 MM) in cash.
Update: Idemitsu Chiba CDU operating normally after lubricant plant's fire
Lubricant shipments from Idemitsu Kosan's Chiba refinery, near Tokyo, have been suspended due to a fire on Tuesday, but other facilities including a crude distillation unit (CDU) are operating normally.
Damper subsidy to oil refiners in Russia set to decline 4.5% to $1.7 B in June
Damper payments, a form of subsidy to oil refineries, are set to decline by around 4.5% to 150 B roubles ($1.7 B) in Russia in June from May due to global gasoline price rises and a weaker rouble.
Lummus secures heater supply awards from Reliance Industries
Lummus Technology, a global provider of process technologies and value-driven energy solutions, has secured awards from Reliance Industries Ltd. to supply four Short Residence Time (SRT®) ethylene cracking heaters at two facilities in India.
Fire breaks out at Idemitsu's Chiba refinery
A fire broke out at Idemitsu Kosan's Chiba refinery early Tuesday afternoon, a company spokesperson said, adding that no further details were available for now.
Indorama Ventures secures $200-MM loan from IFC to drive sustainability program
Indorama Ventures, a global sustainable chemical producer, has secured a new 7-yr loan totaling $200 MM from the International Finance Corporation (IFC) to help fund the continued growth of the company’s strategic sustainability programs in India, Thailand and Indonesia, and promote a circular economy as a leading PET recycler.
KBR green ammonia technology selected by OCIOR Energy in India
KBR’s green ammonia technology, K-GreeN®, has been selected by OCIOR Energy for its plant located in Odisha’s Gopalpur region, India. This will be the 10th KBR-licensed green ammonia plant globally and the first to be located in India.
Hygenco, Ameropa ink cooperation for supply of green ammonia
Hygenco Green Energies and Ameropa sign green ammonia supply agreement from Hygenco's planned 1.1-MMtpy green ammonia facility in India.
Sungrow Hydrogen wins contract for world's largest green H2, ammonia and methanol integrated project
Sungrow Hydrogen was awarded a contract by China Energy Engineering Corporation for the Songyuan Hydrogen Energy Industrial Park project in Jilin China, the world's largest green hydrogen, ammonia and methanol integrated project.
Blaze put out at Russian oil reservoir after Ukrainian drone strike
A Ukrainian drone attack caused a fire to break out at an oil reservoir for Russia's Druzhba pipeline in the Tambov region southeast of Moscow on Friday, but the blaze was extinguished within hours.
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