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China-based Mingyuan Holdings Group Company, a leading petrochemical company, plans to set up a major methanol-to-olefins (MTO) plant alongside a giant greenfield methanol scheme at the China-Oman Industrial Park, in the sultanate. The plant will be set up will with an investment of around $2.3 billion, said the Oman Daily…

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GE the world’s leading Digital Industrial company, announced today that it has completed the acquisition of LM Wind Power, a Denmark-based technology developer and manufacturer of rotor blades to the wind industry. The completion of the transaction follows regulatory approval in the European Union, the United States, China, and Brazil.…

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Salini Impregilo, an Italy-based global player in infrastructure construction, said its Fisia Italimpianti unit and a Spanish partner have been awarded a $255 million contract by Saudi-based Acwa Power to design and build a water desalination plant in the kingdome. Located in the Shuaiba area on the western coast of…

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Siemens has received an order to deliver an industrial steam turbine package to expand the Az Zour South 3 open cycle gas turbine power plant to a combined cycle power plant. The plant is located in Kuwait and is operated by the Ministry of Electricity & Water (MEW). Siemens' customer…

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Punj Lloyd, an engineering and construction group in India, said it has secured an engineering, procurement and construction (EPC) contract worth $47 million from Yanbu Aramco Sinopec Refining Company (Yasref) for its project in the Yanbu region of Saudi Arabia. The Clean Fuels Interfacing Facilities Project has been awarded to…

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ABB has won an order worth around $30 million, from Power Grid Company of Bangladesh Ltd (PGCB), the country’s national transmission utility, to support the country’s power infrastructure expansion and meet its growing electricity needs. As part of the project, ABB will build two new substations and upgrade two existing…

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National Iranian Oil Company (NIOC) and France's Total Oil and Gas Company are set to finalise an agreement to cooperate in the development of South Pars Gas Field, a report said. "Final agreement will be signed between NIOC and Total to develop the Phase 11 of the South Pars gas…

Tuesday, Apr 18, 2017
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AMETEK, Inc. and MOCON, Inc. announced that they have entered into a definitive merger agreement under which AMETEK will acquire all of the outstanding shares of common stock of MOCON at a price of $30 per share in cash, which represents a premium of 39% to MOCON's closing share price…

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South Korea-based Hyosung Corp, a leading chemical and textile company, has signed a memorandum of understanding (MoU) with Iran's state-run National Petrochemical Company for setting up a polypropylene (PP) plant in Iran. The South Korean company said that it has been in talks with its Iranian counterpart to determine the…

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Honeywell announced today that L.A. Turbine Corp. and GEA have both joined Honeywell's Connected Plant program to jointly develop and provide solutions and technologies that will help customers minimize unplanned shutdowns and safety risks while optimizing output yields. By joining the Honeywell Connected Plant program, L.A. Turbine and GEA can…

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