Friday, November, 16, 2018 03:14:07

Category: Chemicals

LANXESS invests in ion exchange resins facility at Leverkusen site

Specialty chemicals firm LANXESS is reportedly investing in its ion exchange resin manufacturing facility at the Leverkusen site. As per trusted sources, the project is expected to conclude by mid-2019 as the company plans to optimize operating efficiency and process technology for an undisclosed amount. …

OMCs and CSC SPV sign MoU to provide LPG services in remote areas

Reports confirm that CSC e-Governance Services India Limited and Oil Marketing Companies (IOCL, HPCL & BPCL) have signed a Memorandum of Understanding (MoU) aimed at collaborating for LPG services. The MoU was inked in the presence of Minister of Petroleum and Natural Gas Dharmendra Pradhan …

Canada’s Hudbay Minerals to acquire mining firm Mason Resources

Canadian mining corporation, Hudbay Minerals Inc. has reportedly signed an ‘Arrangement Agreement’ with mining firm, Mason Resources Corp., under which it will acquire Mason’s remaining 86% issued and outstanding common shares. Sources close to the deal state that Mason’s shareholders will receive $0.40 in cash …

TechnipFMC signs $1bn contract for expanding MIDOR’s refinery in Egypt

TechnipFMC, which provides complete project lifecycle services for the energy segment, has recently won a contract for modernizing and expanding Middle East Oil Refinery’s (MIDOR’s) complex near Alexandria, Egypt. MIDOR, established in 1994, refines crude oil and produces high-quality petroleum products for domestic and international …