Emerson has agreed on terms to acquire Aventics from Triton for a cash purchase price of $620 million. Aventics deals in smart pneumatics technologies that power machine and factory automation applications. Aventics significantly expands Emerson’s reach in a growing $13 billion market.
The mood in the natural gas industry, at least outside the U.S., is not as optimistic as it once was. According to the International Energy Agency (IEA), demand has slowed
for most of the period since 2011, from an average of 2.8% per year between 2000 and 2010, to 1.4% per year from 2011...
ExxonMobil Catalysts and Licensing LLC and BASF Corporation have signed an alliance agreement to jointly develop new gas treating solvents and process technologies for use in natural gas processing and petroleum refining. Under this
, BASF will market and license technologies developed f...
Industrial production rose 0.7% in April for its third consecutive monthly increase. The rates of change for industrial production for previous months were revised downward, on net; for the first quarter, output is now reported to have advanced 2.3% at an annual rate.
The Green Diesel Project is a major component in the expansion of the giant Abu Dhabi Oil Refining Company (TAKREER) Ruwais Industrial Complex in the United Arab Emirates.The project involves the modernisation of existing units and the addition of new units to meet the future demands for Green Diesel, or sulphur-free gas-oil (SFGO).