Europe
Petroplus mulls base oil closure at France refinery
Petroplus says it intends to suspend next year’s planned turnaround of the base oil complex at the Petit Couronne refinery in France, and is considering a reconfiguration of the refinery which would include a shutdown of the base oil complex.
IEA secures energy alliances with India, Russia
Officials with India and Russia each signed deals this week with the International Energy Agency (IEA), pledging to strengthen bilateral co-operation in areas such as oil and gas security, energy efficiency and renewables, and overall dialogue.
Yara to buy environment technology firm Petro Miljö
Global fertilizer major Yara International has agreed to acquire Petro Miljö AB, a fully-owned subsidiary of Petrokraft, for an undisclosed amount. Petro Miljö is a leader in selective non-catalytic reduction (SNCR), a technology that can reduce nitrogen oxide (NOx) emissions, from industrial plants by up to 90%.
Global motion control market improves amid strong semiconductors, automotive - study
The worldwide market for general motion control systems increased by a double-digit percentage since 2009, according to a new ARC Advisory Group study. Suppliers who endured as much as 50% declines in business during the downturn reported a tremendous rebound in shipments, the study says. This renewed growth, first felt in Asia, progressively extended to Europe and North America as well.
PPG finalizes deal for European coatings firm Dyrup
PPG Industries has finalized its purchase agreement to acquire European coatings company Dyrup A/S, based in Copenhagen, Denmark, from its owner, Monberg & Thorsen, a public holding company. The final transaction value, including assumed debt, has been set at €115 million ($160 million). Both parties have agreed on a closing date of Jan. 5, 2012, they said.
Global flowmeter market surging in 2011 amid high energy business - study
The worldwide market for flowmeters declined in 2010 but is expected to strongly rebound in 2011, according to a new ARC Advisory Group study. Despite a challenging year, suppliers saw strong order taking in 2010, which bodes well for the market in the years ahead. Indeed, sales of major flowmeter technologies will move at brisk, above average rates as the market recovers in 2011 and 2012.
Elix Polymers chooses A Schulman for Europe ABS distribution
US-based plastics compounder A Schulman on Monday announced the signing of a distribution agreement with ELIX Polymers of Tarragona, Spain. Under the agreement, A Schulman has assumed responsibility for distribution of ELIX's acrylonitrile butadiene styrene (ABS) grades, which are currently marketed under the trade names of Lustran and Novodur, in Germany, Switzerland, Austria, the Benelux countries, France, Great Britain and Scandinavia.
Plastics compounder A Schulman sees increased buying from Europe
US-based plastics compounder A. Schulman said Friday that it expects to report earnings of about $58 million for its fiscal year ended August 31, up from prior projections of between $50 million and $52 million of adjusted net income for the year.
Foster Wheeler wins top British safety award
Global engineering and construction major Foster Wheeler has won the Five Star Health and Safety Management System Audit Award from the British Safety Council for the performance of the company’s UK-headquartered operation in Reading. The award follows a Five Star audit, in which the British Safety Council reviewed the health and safety performance of FWEL’s Reading home office operation, the company said.
IEA cuts global oil demand forecast for 2011, 2012
The International Energy Agency (IEA) on Wednesday again revised down its forecast for global oil demand in 2011 and 2012 amid lower projections for global gross domestic product (GDP) growth.
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