Ecopetrol gives green light for refinery project
The Board of Directors of Ecopetrol have given the green light to Phase 3 of the Modernization Project of the Barrancabermeja Refinery (PMRB) worth a total investment of USD 3.386 billion. Operations will officially begin on the construction phase of the project, which is scheduled to begin operations in 2016. This project will allow the refinery to increase the conversion factor from 76% to 95%, resulting in the ability to obtain more products, including gasoline and diesel.
Sasol appoints new Chief Exec Designate
David Constable will assume the position of Chief Executive designate, effective 6 June 2011. Constable is currently Group President, Operations at Fluor Corporation. He grew up in Canada but has lived and worked across the globe for 30 years as an engineer in the heavy industrial engineering, construction, operations and maintenance industries. Constable brings proven technical, operational and commercial skills as well as a sound track record in diversity and talent management to the company.
Where there’s muck there’s brass…*
Or to bring this proverb firmly into the 21st century: where there’s a need for man-made fertilizers, you’ll find copious amounts of corrosion resistant alloys as well!
Outokumpu to deliver duplex for biogas tanks
Outokumpu will deliver stainless steel to Börger GmbH. The duplex will be used to build tanks required in biogas production. This order marks Outokumpu's first order for the newly launched duplex steel grade LDX 2404®. The steel will be produced at the Outokumpu in Avesta, Sweden. LDX 2404® is the ideal choice for the tanks due to the high corrosion resistance and superior mechanical properties of the steel.
Allegheny Tech completes Ladish Merger
Allegheny Technologies Inc. has completed its acquisition of Ladish Co. Inc., a USD 883 million cash and common stock purchase. The Milwaukee-based company is now an operating unit of ATI’s High Performance Metals division, which includes superalloy and titanium metal producer ATI Allvac and refractory/reactive metals producer ATI Wah Chang.