Friday, November, 16, 2018 04:15:36

Category: Chemicals

CNOOC & Shell join forces to develop a petrochemical project in China

China’s third-largest national oil company China National Offshore Oil Corporation (CNOOC) has reportedly announced to have inked a memorandum of understanding (MOU) with Shell International Petroleum Company Ltd. As per trusted sources, the MoU aims to develop petrochemical manufacturing facilities and explore the existing collaboration …

Lupin to establish Brazil as Latin American production & export hub

Lupin Limited, a renowned Mumbai-based transnational pharmaceutical company, has reportedly announced that it plans to grow its Brazilian operation into a major manufacturing and export hub in the Latin American region. Reports cite, most of Brazil’s neighboring nations already recognize the approvals of the Brazilian …

WorleyParsons to buy Jacobs Engineering’s billion-dollar subsidiary

U.S. technical service company, Jacobs Engineering Group, has recently decided to sell its resources, chemicals and energy business to Australia’s engineering firm, WorleyParsons Ltd. for over $3.3 billion, a deal that would double the size of the WorleyParsons’ current engineering operations. According to The West Australian, …

Turkmenistan establishes a chemical plant worth USD 3.4 billion

Turkmenistan has reportedly set the ball rolling for an all-new chemicals plant, for an apparent valuation of over USD 3 billion. According to authentic reports, the construction of the chemicals plant seems to be a conjoined effort, with Japan’s procurement and construction firm TOYO Engineering …