Tag: china

AkzoNobel’s Specialty Chemicals business broke ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than EUR 400M. The Ningbo multi-site covers around 50 hectares and accommodates production for chelates, ethylene amines, ethylene oxide, organic peroxides and Bermocoll cellulose derivatives.

Tethys Kazakhstan, a subsidiary of Tethys Petroleum, signed an MOU with PetroChina International Kazakhstan to explore the feasibility of a long-term and mutually beneficial co-operation in natural gas and crude oil deliveries.

The Board of Directors of General Steel Holding, a non-state-owned steel producer in China, has approved a strategic restructuring plan designed to accelerate the company's business transformation. The transformation includes implementing additional cost-cutting programs at Longmen Joint Venture, selling the company's stake in General Steel Special Steel Pipe Joint Venture Company (Pipe JV), and reconfiguring the company's steel manufacturing facilities and assets to facilitate expansion into logistics and Internet-of-Things businesses. During the fourth quarter of 2014, the company sold its stake in the Pipe JV.

BHP Billiton celebrated the shipping of one billion tonnes (1Gt) of iron ore to China with customers, industrial associations, joint venture partners, suppliers and employees in Shanghai.BHP Billiton’s CEO Andrew Mackenzie was joined by President Iron Ore Jimmy Wilson, President HSE, Marketing and Technology Mike Henry, President Coal Dean Dalla Valle and guests to reveal the commemorative plaque to mark the milestone.Mackenzie said that BHP Billiton was proud to contribute to the important trading relationship between China and Australia and to the country’s steel industry.

More than 250 high profile summit participants met in the DNV GL maritime headquarters in Hamburg. The future of EU–China relations, the country’s investment in Europe as well as sustainable growth and environmental protection in the Chinese economy were some of the topics on the agenda at the sixth Hamburg Summit on 10 and 11 October.

Graham Corporation, a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, secured four new orders for oil refining and chemical industry projects worth approx.