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Chexpress - March 19, 2014
19 March 2014
North America
Expansion
Agrium Inc’s board of directors has approved an expansion of the company’s nitrogen facility in Borger, Texas. The $720 million project will add 610,000 tons of urea and 145,000 tons of ammonia production capacity. The expansion work will begin in March and is scheduled for completion in the second half of 2015. While expansion work is underway, the facility is expected to operate at its normal production rates.
Contract
CB&I was awarded a $100 million contract by CF Industries. As a result of the contract, CB&I will perform construction and component fabrication for CF Industries’ new urea ammonia nitrate and nitric acid units, offsites and utilities at its complex in Donaldsonville, Louisiana.
Acquisition
Intrexon Corporation has acquired laboratory operations in Budapest, Hungary from Codexis, Inc. The acquisition will expand Intrexon’s strain and protein development capabilities, enabling it to better service the European and Asian Markets. Intrexon’s Industrial Productions Division (IPD) will absorb the Budapest laboratory staff, integrating with Intrexon’s synthetic biology technologies and capabilities, allowing Intrexon to better serve current collaborations and attract new opportunities for active pharmaceutical ingredients (API) and industrial and consumer production collaborations.
World
Plants
ExxonMobil Chemical will build facilities to make a premium halobutyl rubber and Escorez hydrogenated hydrocarbon resin at its recently expanded petrochemical complex in Singapore. Engineering and procurement activities have started, with construction expected to begin in the second half of 2014. Completion is anticipated in 2017. This expansion will add 140,000 tons/year of halobutyl rubber production capacity.
Investment
S-Oil Corp will invest $7.49 billion to build heavy oil upgrading and petrochemical production units. S-Oil is expanding its heavy oil upgrading unit to raise gasoline production by nearly 50 percent up to 218.000 barrels/day. The company will build a 45,000 barrels/day atmospheric residue desulphurization unit and an up to 70,000 barrels/day residue fluid catalytic cracker (RFCC).
Fire
Lukoil’s petrochemical plant in Budyonnovsk, Russia experienced a fire recently. The fire wounded some. The fire broke out after a loss of pressure in the ethylene section of the plant. Company spokespeople declined to comment.
