Engineering & Design
ABB revamps EPC business to cap year of transition
ZURICH (Reuters) — ABB will reshape its engineering, procurement and construction (EPC) business—including its biggest but least profitable power grids division—by spinning off and winding down some operations, triggering fourth-quarter charges totaling $225 MM.
SABIC PP extrusion line now operational in The Netherlands
SABIC, a global leader in the chemical industry announced the start-up of its new Polypropylene (PP) extrusion facility in Geleen, The Netherlands.
Jacobs completes CH2M acquisition
DALLAS and DENVER — Jacobs Engineering Group Inc. announced the completion of its acquisition of CH2M via a cash and stock transaction.
McDermott, CB&I to combine in $6 B transaction
HOUSTON and THE WOODLANDS, Texas — McDermott International, Inc. and CB&I announced that the companies have agreed to combine in an all-stock transaction to create a premier fully vertically integrated onshore-offshore company, with a broad engineering, procurement, construction and installation (EPCI) service offering and market leading technology portfolio.
Steeper Energy, Silva Green Fuel to build advanced biofuel project
COPENHAGEN, Denmark — Steeper Energy, a Danish-Canadian clean-fuel company, is partnering with Silva Green Fuel, a Norwegian-Swedish JV, to construct a EUR 50.6 MM (DKK 377 MM) industrial scale demonstration plant at a former pulp mill located in Tofte, Norway leading to a future commercial scale project.
Inter Pipeline to build Canada’s first integrated PDH, PP complex
CALGARY, Alberta — Inter Pipeline Ltd. announced that its board of directors has authorized the construction of a world-scale integrated propane dehydrogenation (PDH) and polypropylene (PP) plant.
GE awarded service contract for biorefinery
PARIS — GE Power was selected by Alco Bio Fuel, one of Belgium’s major biorefineries, to deploy its Predix-based Asset Performance Management (APM) solution to future-proof the refinery’s power-generation unit’s refinery field operations. The service contract will last for 10 yr, and GE will also be responsible for providing on-site service support.
INEOS Oligomers to build PAO plant in Texas
Today, INEOS Oligomers announced it had made the Final Investment Decision (FID) to build a new world scale, low viscosity Polyalphaolefin (PAO) unit on the INEOS site at Chocolate Bayou, TX.
CTCI awarded contract for Petronas RAPID project
With years of cultivation and development in the Malaysia hydrocarbon market, CTCI contracted RAPID P1 RFCC Project of PETRONAS in 2014 with a contract value of $1 B.
Saudi Aramco lifts spending plans to $414 B over next decade
DAMMAM, Saudi Arabia (Reuters) — Saudi Aramco plans to raise its spending to $414 B over the next 10 yr, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.
- Dow, Ambipar partner to promote plastics recycling in South America 11/26
- Hygenco selects Topsoe as technology provider for green ammonia production 11/26
- Aviation sector officials warn of Trump effect on green jet fuels 11/26
- Russia's oil and gas revenue down by a third in November m/m 11/26
- Contentious COP29 deal shows climate cooperation fraying at edges 11/26
- Oil majors betting big on biofuels with more than 40 projects by 2030 11/26
