Company News

In this section you can find updates from suppliers, manufacturers, fabricators and stockists of stainless steel material. This company news section is updated regularly with the latest company news from within the global stainless steel world community. If you wish to include your news release on our website and email newsletter, please feel free to contact the editor.

China: oil refinery

China National Petroleum Corp. (CNPC) (Beijing, China) and Russia-based national oil company, Rosneft (Moscow), have agreed to invest USD 4 billion to build a joint-venture oil-refining company in China with an annual capacity of 10 million tons.

Italy: LNG terminals planned

Anonima Petroli Italiana SPA, Rome, has applied for approval from the country's Environment Ministry for an offshore regasification terminal with a capacity of about 4 billion cum/yr.

South Africa: power plant for ferrochrome unit

Sinosteel Corp. may build a natural gas-fired power plant to extend its ferrochrome capacity in South Africa beyond the current USD 450 million expansions.

USA: gas-fired plant

Duke Energy Carolinas said it will build a 620MW gas-fired power plant costing USD 275 million, or roughly USD 444/kW.

Brazil: Block BM-C-007 field development

Mustang Engineering (Mustang), a subsidiary of international energy services company John Wood Group PLC (Wood Group), is providing engineering and procurement services to Kiewit Offshore Services for the Peregrino field development in the Southern Campos Basin, Block BM-C-007, offshore Brazil.

Cuddalore thermal project approved

The Cuddalore Power Corp.’s (CPC) 1320MW Cuddalore thermal power project has received Tamil Nadu Electricity Regulatory Commission’s clearance.

Sandvik aquires Sanslip

Sandvik has reached an agreement to acquire the Sweden-based company Sanslip that develops, manufactures and sells machines for regrinding drill bits.

Coal-based power plant at Chandrapur

Maharashtra State Mining Corp. (MSMC) in 51:49 JV with a private company is planning to set up a 540MW coal-based power project.

CHP plant to Russia

Siemens Energy Sector has won a contract for a Combined Heat and Power Plant (CHP) in the Russian city of Perm in the Volga federal district.

Gateway upgrade project

The Gateway Upgrade Project, to duplicate a motorway bridge across the Brisbane River in Australia’s Queensland, will use duplex LDX 2101® stainless steel reinforcement bar from Outokumpu.