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Chexpress - May 14, 2014




North America



Acquisition



Koch Agronomic Services, an affiliate of Koch Fertilizer LLC, which is a wholly owned subsidiary of Koch Ag & Energy Solutions LLC, plans to buy the Turf and Ornamental assets, brands and technologies of Agrium Advanced Technologies. Agrium Inc. is discontinuing operations of the Agrium Advanced Technologies business unit. The deal would mean a new production facility for Koch Agronomic Services in Sylacauga, Alabama. Deal terms were not disclosed, but it is expected to close at the end of the second quarter of 2014.

Acquisition



ShawCor Ltd. plans to acquired Desert NDT LLC in a deal valued at $260 million. The deal for Desert, which provides non-destructive testing services for new oil and gas gathering pipelines and infrastructure integrity management services, is expected to close in the third quarter, subject to regulatory approvals.

LNG production facility



North Dakota LNG, LLC, the newest member of Prairie Companies LLC’s portfolio of oil and gas businesses, will launch a new liquefied natural gas (LNG) production facility in Tioga, North Dakota. The plant will be the first-to-market in the state to produce 10,000 gallons/day starting in summer 2014. A phase two facility is scheduled to be operational in the fourth quarter of 2014 and capable of producing 66,000 gallons/day.

World



Financing received



Oman Oil Refineries and Petroleum Industries Company (Orpic) has received a $2.8 billion loan for projects, including the Sohar Refinery Improvement project (SRIP), which will be 65 percent debt financed. SRIP is a brownfield project and represents a significant technical improvement to the existing refinery, which will further enhance its capabilities to cope with changes in the quality of the Omani crude and reach international levels with environmental improvements, competitiveness and profitability.  

Supply agreement



The Linde Group has signed an agreement to build a new hydrogen production unit for Neste Oil. Under the long-term on-site hydrogen supply agreement, Linde will build a new hydrogen production unit for Neste Oil’s Porvoo refinery near Helsinki, Finland. The project will be a total investment of about €100 million. Linde’s Engineering division will construct the turn-key plant. Linde’s North Eruopean subsidiary AGA will be responsible for the new unit’s operation, which is scheduled to come on stream in 2016 as part of the agreement.

Technology



UOP LLC’s technologies have been selected to produce key ingredients for fuels and synthetic rubber in China. China’s Lijin Petrochemical Plant Co., Ltd. will use Honeywell’s UOP C4 Oleflex process to produce isobutylene. Lijin Petrochemical will also use Honeywell’s UOP Butamer process, which converts normal butane into isobutene to increase feedstock flexibility for the UOP Oleflex process. The new unit is expected to start up in 2015 and produce 170,000 metric tons/year of isobutylene.  
 




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