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Consortium Awarded Refinery Project in Thailand

Thailand: 4-Billion-Dollar Project

Consortium Awarded Refinery Project in Thailand

10/24/2018 - Petrofac leading a consortium with Saipem and Samsung Engineering, has received an award notification for Thai Oil Public Company Limited’s Clean Fuels Project on the East coast of Thailand. The overall project value is around $ 4 billion, of which Petrofac’s share is around $ 1.4 billion, and will be completed over a period of approximately four years. read...

Emerson's Magnetic Flow Meters Certified by Namur

Germany: Industrial Standards

Emerson's Magnetic Flow Meters Certified by Namur

10/24/2018 - Emerson’s Rosemount 8700 Series of Magnetic Flow Meters has been certified to comply with Namur recommendations, expanding the automation supplier’s portfolio of advanced process measurement solutions approved for use in the European chemical market. read...

Pöyry and Infosys Introduce Artificial Intelligence Framework

Sweden: Industry 4.0

Pöyry and Infosys Introduce Artificial Intelligence Framework

10/24/2018 - Pöyry and Infosys announced the release of an Artificial Intelligence (AI) Framework for Operational Excellence. The framework overcomes some complex and expensive lifecycle management challenges faced by industry, utilities and infrastructure organisations across operational technology (OT) systems, the companies announced. read...

Green Light for Merger of Linde and Praxair

Approval of Antitrust Authority

Green Light for Merger of Linde and Praxair

10/24/2018 - After the approval of the European Commission, the US Federal Trade Commission (FTC) has also provided clearance of the business combination between Linde and Praxair, subject to the completion of certain sales of business activities and related commitments. read...

Jacobs Sells Energy, Chemicals and Resources Business to Worley Parsons for 3.3 Billion Dollars

USA: Business Strategy

Jacobs Sells Energy, Chemicals and Resources Business to Worley Parsons for 3.3 Billion Dollars

10/22/2018 - The company has undertaken this move to focus on its two higher growth businesses – Aerospace, Technology, Environmental & Nuclear; and Buildings, Infrastructure & Advanced Facilities. read...

Saudi Aramco Signs Contract with Zhejiang Petrochemical to Acquire Share in New Refinery

China: Oil Business

Saudi Aramco Signs Contract with Zhejiang Petrochemical to Acquire Share in New Refinery

10/22/2018 - The Saudi-based company is working to achieve a better balance between its world-class upstream and its growing downstream business. The company is also entering as a joint venture partner in major refining and petrochemical projects across China and India. read...

Total and Cnooc Extend LNG Sale and Purchase Agreement to 20 Years

Natural Gas

Total and Cnooc Extend LNG Sale and Purchase Agreement to 20 Years

10/22/2018 - The move has been undertaken to strengthen cooperation between the two companies. Under this agreement, Cnooc has increased the LNG contract volume from 1 MTPA to 1.5 MTPA. read...

Merck Awarded CPhI Awards in Two Pharmaceuticals Categories

Germany: Life Science Innovations

Merck Awarded CPhI Awards in Two Pharmaceuticals Categories

10/19/2018 - Merck has won two CPhI Pharma Awards for innovative products for the pharmaceutical industry. The awards were announced at CPhI’s award gala in Madrid, Spain. read...

Celanese to Create World’s Largest Pom Manufacturing Plant

Germany: Engineering Thermoplastic

Celanese to Create World’s Largest Pom Manufacturing Plant

10/19/2018 - The company’s current Pom production unit at the IPH facility in Frankfurt will be expanded to meet the demand of its global engineered materials business. Once completed, the project is expected to be the biggest Pom manufacturing plant across the globe. read...

Sirio Pharma Launches Multimillion Gummy Production Plant

China: Food & Beverage

Sirio Pharma Launches Multimillion Gummy Production Plant

10/19/2018 - The 26,000 sq m gummy production plant will form a part of the ‘Centre of Excellence’ wherein the plant will produce up to 2.4 billion gummies per year. With this project, the company aims at attracting business from global markets. read...

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