Tag: Petrochemical

Kinder Morgan Inc. said it has agreed to sell half its stake in an Ohio pipeline project to private equity firm Riverstone Investment Group LLC.

FluoroSeal Inc. and United Valve LLP have jointly announced the creation of a strategic valve Service Agreement (SA) to provide factory-authorized service on Fluoroseal products.

Rotork Schischek compact explosion-proof valve actuators have been selected by Ecopetrol as the reliable solution for a critical petrochemical analysis process in Columbia. Ecopetrol is the largest petroleum company in Colombia, engaged in oil and gas exploration, production and refining.

SGS has been awarded a three-year contract to conduct preventive and corrective maintenance of electrical and mechanical instrumentation at two major petrochemical facilities in Brazil: Terminal Marítimo Almirante Soares Dutra and Terminal de Rio Grande.

The American Petroleum Institute (API) has issued an updated pressure relieving design and installation standard to enhance refinery safety as part of its commitment to improving workplace safety and protecting the environment.

The Chemistry Industry Association of Canada (CIAC) is forecasting that Canada’s industrial chemical sector will experience a big increase in capital expenditures in 2015. This also means that there will be a larger demand for commodities like valves.

BP announced that it plans to invest over USD 200M to upgrade its purified terephthalic acid (PTA) plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world.

The technology company, The Linde Group, has added a petrochemical plant business unit to its already existing engineering division offices in Houston. This new regional business unit broadens Linde Engineering’s capabilities in North America and will be responsible for serving petrochemical customers in a wide variety of projects such as consulting, technical support and expansion studies just to name a few.

Israel-based valve manufacturer Baccara recently announced its expansion to North America with the opening of a Tucson, AZ distribution center and a production facility in Mexico. This company also has distribution centers in Australia and the Benelux.

McJunkin Red Man Corporation (MRC) has signed an agreement to acquire Stainless Pipe and Fittings Australia Pty Ltd (SPF). This brings MRC one step closer to realizing the company’s strategic vision to be the world’s leading pipe, valve and fitting (PVF) distribution company for the energy and industrial markets.