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M&G to invest $1 billion in PET and PTA plants in USA The Italian company Mossi & Ghisolfi Gruppo (M&G Group) made the final investment decision (FID) for to build a greenfield polyethylene terephthalate (PET) and purified terephthalic acid (PTA) plants in Corpus Christi in Texas, USA. M&G Group is a wholly owned family company with […]

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Norway Key Projects and Business Highlights In 2012, Norway started to collect the first benefits of its exploration in the untapped oil and gas fields of the Norwegian Continental Shelf (NCS). With the Geitungen discovery, the Johan Sverdrup is taking a new dimension motivating Statoil and its partners Maersk, Petoro, Det Norske Oljeselskap (DNO) and Lundin […]

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Energizing Chemistry Lanxess AG (Lanxess) is a young company founded in 2005 with 150 years of history in the chemical industry as the result of Bayer strategic spin off of plastics and synthetic rubber assets. Still home-based with Bayer in Leverkusen, Germany, will relocate headquarters next door in Cologne,  in 2013. Lanxess is covering 31 […]

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Evonik to build first large scale eco-friendly MMA plant Evonik Industries AG (Evonik) selected Mobile, in Alabama, USA, to build the first large scale production unit of Methyl Methacrylate (MMA) using its Aveneer® technology. Formally established under the Evonik Industries brand in 2007, Evonik results from the consolidation of several famous brands of the German […]

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Petrobras to build $3 billion Gas-to-Chemicals complex Petróleo Brasileiro S.A. (Petrobras) from Brazil selected Foster Wheeler AG (Foster Wheeler) from Switzerland for a greenfield world-scale Gas-to-Chemical complex to be built at Linhares, in Esperito Santo State, southeast Brazil. Estimated around $3 billion capital expenditure, the Linhares Gas-to-Chemical complex  is identified as UFN-IV, standing for the Unit of Nitrogen Fertilizer […]

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