Middle East
Merichem introduces product to sweeten mercaptans in jet fuel
Merichem has launched MERICAT J, a next-generation technology to remove heavy mercaptans in jet fuel, kerosene and other middle distillate streams.
Technip awarded major contract in Algeria
Technip has been awarded by Sonatrach, the Algerian national oil company, a contract for the refurbishment and revamping of the Algiers refinery.
SABIC building a plastics applications development center at Saudi university
The Saudi Basic Industries Corp. (SABIC) has signed a construction contract with El Seif Engineering Contracting to build a new SABIC plastics application development center (SPADC) at the Riyadh Techno Valley research complex inside the King Saud University (KSU) campus in Saudi Arabia.
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.
ProSep to collaborate in Saudi Arabia with Bandariyah International Group
ProSep Inc. has signed a collaboration agreement with Bandariyah International Group, a supplier to the Saudi Arabian oil and gas and petrochemical industries.
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.
ITT picks up OI and enhances its global analytical instrumentation business
ITT Corp. has completed its previously announced acquisition of OI Corp. for approximately $29 million. OI is a provider of innovative instrumentation for laboratory and environmental testing in the pharmaceutical, petrochemical, power and industrial markets.
Asian investment creates opportunity for flow and filtration equipment
The expansion of sewage transport, primary treatment and secondary treatment in Asia is creating market opportunities for suppliers of pumps valves, scrubbers, chemicals, controls, filters and other water pollution control equipment.
CB&I has Middle East storage contract
CB&I has been awarded a contract, valued in excess of $60 million, by Daewoo Engineering and Construction Co. Ltd. for the construction of several storage tanks for the Ruwais refinery expansion project in Abu Dhabi, UAE.
- Southern Energy Renewables inks green methanol supply deal with shipping giant, supporting construction of $1.4-B clean fuels refinery 5/13
- Emerson announces major advancements to AspenTech's Inmation OT Data Fabric 5/13
- UPM acquires bio-based MEG and MPG technologies from Avantium 5/13
- Synhelion fuels first construction machine with renewable diesel 5/13
- SWISS and Metafuels partner to promote and scale SAF production 5/13
- Vietnam state oil company urges U.S. Navy to allow tanker through blockade 5/13
