ABB says that it is receiving $2.1m of the $70m grant over five years from the Advanced Manufacturing Office within the US Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) that is funding the new Next ...
Tags: ABB, Power Electronics
Regal Beloit Corporation RBC +1.42% today reported financial results for the fourth quarter and fiscal 2013. Net sales for the fourth quarter 2013 were $727.3 million compared to $715.6 million for the fourth quarter 2012. Net income ...
Tags: Regal BELOIT, financial results
Chinese steelmaker Bayi Steel's 1750 hot rolled unit has successfully rolled high-quality X80 pipeline steel which meets a high technical standard. X80 pipeline steel, a grade of steel plate with high strength and high corrosion ...
Tags: Steel, Metallurgy, Mineral
Axiall Corporation and Lotte Chemical of the Republic of Korea announced that they have signed a Heads of Agreement to pursue a 50/50 joint venture arrangement for the design, construction and operation of a proposed 1 million metric ...
Tags: Ethane Cracker, Textile
Indian refiner Mangalore Refinery and Petrochemicals Ltd is close to completing the long-drawn-out third phase of its expansion project, which will see a new petroleum fluid catalytic cracker and delayed coker unit come onstream at its 15 ...
Tags: Refinery Expansion, Metallurgy
Nigerian Petroleum Development Co., the upstream arm of state oil company NNPC, Monday announced a $5.2 billion, four-year investment plan aimed at raising oil production to 300,000 b/d mainly from assets acquired from foreign oil companies ...
Tags: Oil Output, Metallurgy
Enterprise will ship an additional 500,000 barrels of propane on its TEPPCO pipeline in response to a prioritization order from the US Federal Energy Regulatory Commission, Enterprise said Monday in a notice to shippers. FERC late Friday ...
Tags: Propane Shipments, FERC Order
Mitsubishi Heavy Industries,Ltd.(MHI)has been selected by Corporate Knights Inc.among this year's"Global 100 Most Sustainable Corporations in the World,"commonly referred to as"the Global 100."Corporate Knights is a media and investment ...
Tags: Mhi, Sustainable Corporations, Mitsubishi
Belarus-based Byelorussian Steel Works (BMZ) has stated that the reconstruction of two important facilities has been finished at its steel melting complex. The electrical-arc furnace No. 1 and the powder-gas catching aggregate No. 1 have ...
Tags: Steel Melting, Steel, Melting
Audi is expanding its ultra strategy with 11 new models: Especially efficient engine versions in the A4, A5 and A6 model lines will be launched in early 2014. A new and powerful two-liter TDI will provide the drive at 100 kW (136 hp), 120 ...
Tags: Audi, New Models
US refiner Phillips 66 will move forward with $3 billion plans to build a natural gas liquids fractionator and an LPG export terminal in Texas, the company said Friday. The 100,000 b/d "Sweeny Fractionator One" will be located in Old ...
Tags: LPG Export, refiner
The estimated production margin for a typical US Midwest dry-mill ethanol plant in the week ending Friday fell 8.98 cents, or 15.04%, to a 28-week low of 50.73 cents/gal, a review of US Department of Agriculture and Platts data showed. ...
Tags: dry-mill ethanol, Chemicals
Russia's state-owned Rosneft and China National Petroleum Corporation are in talks over upstream co-operation in Russia, including the Arctic and Far Eastern territories, and could reach concrete agreements by May, Rosneft CEO Igor Sechin ...
Tags: Rosneft, Upstream Pact
Norway's Statoil on Friday postponed its 2020 output guidance of 2.5 million barrels/day of oil equivalent by up to four years, as it reported a fall in fourth quarter output and an 8% cut in planned investment to $20 billion/year for the ...
Tags: Norway's Statoil, Mineral
Cost control and the changing face of competition from natural gas emerged as major themes facing the coal industry as the CoalTrans USA conference wrapped up Friday in Miami. While long-term forecasts for US coal production split between ...
Tags: Cost Control, Natural Gas