From September 1, 2015, Bayer Material Science will be known as Covestro. Now the Supervisory Board of Bayer Material Science – in future: Covestro – has named the members of the future Board of Management. Known managers will be in on it, like newcomers. Their aim: Stock market launch of the new independent company by midyear 2016.

Invista Performance Technologies (IPT) and Jiaxing Petrochemical, a subsidiary of Tongkun Group, announced the successful start-up of Jiaxing Petrochemical’s second PTA line.

Samsung Engineering has received a letter of award (LOA) to build a Crude Flexibility Project (CFP) on behalf of Adnoc Refining in the United Arab Emirates.

CB&I and McDermott International announced that they have entered into a business transaction agreement valued $ 6 billion, under which the two companies will combine in an all-stock transaction. The combination will create a fully vertically integrated onshore-offshore company with a broad engineering, procurement, construction and installation service offering and technology portfolio. CB&I also announced that it has been awarded a contract by IGP Methanol LLC.

Oil India’s well in Assam caught fire on Tuesday after leaking for 14 days. The oil well is still burning and the Indian Air Force and the army have been called in to support firefighting operations.

The mammoth propane dehydrogenation plant site in Kallo, Belgium has successfully received the propylene splitter which is one of the largest appliances ever delivered to the port of Antwerp in one piece by ship.

Under the terms of the agreement, Wintershall Dea will utilise Cognite’s Saas product Cognite Data Fusion to scale digitalisation solutions across its assets. The software solution will enable the oil and gas firm to gain access to data insights which will improve the maintenance and boost efficiency of their assets globally.

Arkema plans to increase its capacity of polyamide 12 polymers by 25 %. The product, commercialized under the trademark Rilsamid, is used for processes such as extrusion, injection, and blow-moulding.

Roche now finished the acquisition of Gene Weave Biosciences. The deal should enable Roche to develope new methods to identify drug-resistant bacteria.

The ‘intrinsic safety’ type of protection covers a wide range of applications and is currently used in systems ranging from simple point-to-point wiring to digital automation for Industry 4.0. Ex i-protected solutions enable direct process data capture in hazardous areas, reduce installation work and can be tested and maintained during ongoing operation.