Europe
Akzo Nobel rejects $22-B PPG bid, looks to spin off chemicals
AMSTERDAM (Reuters) -- Dutch paints and coatings maker Akzo Nobel NV rejected a $22 billion bid from larger US rival PPG Industries Inc on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business.
Amec awarded Al-Zour, Kuwait petchem contract
Amec Foster Wheeler announced the award of a contract by Petrochemical Industries Company K.S.C., a subsidiary of the Kuwait Petroleum Company, for the integration project between its Olefins III, Aromatics II and ZOR Refinery in the State of Kuwait. The contract covers Front-End Engineering Design (FEED) leading to Project Management Consultancy (PMC) for the project.
Aeromon demos drone measurement platform for emissions mapping
HELSINKI, Finland -- Aeromon, a Finnish cleantech startup that utilizes analytics platform and mobile sensors to flexibly map emissions in real-time, demonstrated the effectiveness of drone-mounted platforms for measuring industrial emissions.
Amec awarded Eni contract for ‘green’ refinery conversion
Amec Foster Wheeler announced that it has been awarded a lump sum turn-key contract in excess of €50 million by Eni SpA for the engineering, procurement and construction of a new steam reforming plant for hydrogen production to be built at its refinery at Gela, Italy.
STAR ’17: ‘Design Exploration’ leads the way
BERLIN -- STAR Global Conference 2017 wrapped after two days of user presentations in five parallel tracks. Session themes included ground transportation, powertrain, automotive, internal combustion engines, aerospace, marine, life sciences, electronics & electrification, buildings, chemical process industry, oil & gas and energy.
E.ON blames costs beyond its control for UK fuel price hike
LONDON (Reuters) -- E.ON UK will raise its standard variable dual-fuel prices by 8.8% from April 26, affecting around 2.5 million customers, the British arm of German utility E.ON said.
CERAWeek ’17: IEA expects global oil demand to rise, outpace supply after 2020
HOUSTON -- Global oil demand will continue to rise in the next five years, dominated by India and Asia, the International Energy Agency said Monday, March 6, during the first day of CERAWeek in Houston.
Oil whipsaws as production seen rising, more OPEC cuts discussed
NEW YORK (Reuters) -- Oil prices whipsawed Monday, turning negative after the International Energy Agency forecast potential shale oil growth and waning European refined product demand, which bodes poorly for global efforts to remove a glut.
Avantium to raise at least 90 million euros in IPO
AMSTERDAM (Reuters) -- Avantium, a Dutch company that has developed technology for making plastic from sugars rather than petrochemicals, said on Monday it hopes to raise at least 90 million euros in an initial public offering, giving it a market capitalization of $279.95 million.
STAR '17: Conference kicks off with the power of digital
The 17th STAR Global Conference got underway March 6 in Berlin, Germany with plenary sessions from CD-Adapco and Siemens PLM leadership.
- Samsung C&T and Axens partner to accelerate global deployment of CCUS projects with advanced DMX™ technology 2/24
- Yokogawa and CMC Solutions sign global sales and service agreement for predictive emission monitoring systems for industry 2/24
- Update on Asian refinery maintenance/turnarounds and outages 2/24
- NOVA Chemicals commercializes two new recycled polyethylene grades 2/24
- Verso Energy to use Honeywell UOP tech for seven eSAF projects 2/24
- Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7-B pipeline deal 2/24
