Engineering & Design
Europe: Germany
The German chemical industry has an outstanding position inside Europe. Nearly 25% of chemical product sales in the European Union (EU) are by German chemical companies. Ranking behind China, the US a..
Asia: China
The International Monetary Fund (IMF) announced in its January 2012 “World Economic Outlook” that the global GDP growth rate was 3.8% in 2011. However, Asian-Pacific nations bucked this tren..
South America: Venezuela
Fig. 1 illustrates the annual gross domestic product (GDP) and inflation from 2006 to 2011 for Venezuela. High crude oil prices have helped domestic GDP growth, suggesting a healthy economy. ..
South America: Brazil
Brazil’s economic improvement was remarkable over the past decade, following many years of slow growth. On average, the Brazilian gross output of goods and services increased at an annual average..
Asia: India
The Indian economy has come a long way since the 1991 economic reforms. A decade and a half of economic reform and globalization is yielding returns that cut across all income groups. The domestic eco..
Asia: Japan
The Japanese economy showed steady recovery for 2003–2007. However, due to the global recession in late 2008, Japan’s GDP growth decreased to –1% in 2008 and to –5.5% in 2009. Due ..
Europe: United Kingdom
The United Kingdom (UK) is Europe’s fourth largest chemical economy, after Germany, France and Italy. It accounts for 8% of the European Union’s (EU’s) $900 billion overall chemical pro..
Foster Wheeler acquires Canadian engineering company Three Streams
Three Streams is a multi-discipline full service engineering, procurement, and construction management company with upstream and downstream projects located in Western Canada. It has approximately 450 employees. Financial terms of the acquisition were not disclosed.
Sinopec plans Hong Kong IPO for new downstream engineering business
Beijing-based Sinopec Engineering Co., which was set up in September with a registered capital of 3.1 billion yuan ($500 million), is hoping that a Hong Kong listeing could raise its profile in the international market, as it strives to secure more overseas engineering and construction projects, a source said.
Lanxess awards EPC work to Foster Wheeler for China synthetic rubber project
The new facility will be designed to produce 160,000 tpy of EPDM rubber. The plant is expected to start up in 2015. Germany-based specialty chemicals firm LANXESS says the new plant, which it describes as the largest EPDM rubber facility in the world, is its largest investment in China to date.
- Malaysia plans to produce sustainable jet fuel in 2027 11/27
- ADNOC launches $80-B low-carbon energy and chemicals investment company 11/27
- Chevron sees California's fuel inventory law raising prices for customers 11/27
- Clariant’s MegaMax™ catalysts to power China’s first biomass-to-green methanol project 11/27
- easyJet, Renavia and WFS sign MoU for long-term supply of SAF 11/27
- Cyclyx to invest in second Cyclyx Circularity Center 11/27
