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Technip, EGPC and ASORC agreement for $1.5B modernization of Egypt’s Assiut Refinery; maximizing diesel

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Technip Italy SpA announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the $1.5-billion billion modernization project of the Assiut refinery, Upper Egypt. In due course, Technip will take responsibility for the EPC phase of the project.

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Celanese sees new TCX ethanol process as key component in future growth; a paradigm shift in ethanol production

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As it announced during its investor conference earlier this week, Celanese Corporation, a global technology and specialty materials company, has increased its 2013 earnings growth objectives to adjusted earnings per share of at least $6.00, or operating EBITDA of at least $1.7 Source: Celanese. Click to enlarge.

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