Regional News

In brief

Rockwell wins deal

DUBAL has engaged US-based Rockwell Automation to provide a commercial pot-control system for its proprietary DX+ Technology, currently being installed in the Phase II expansion at Emirates Aluminium (Emal) in Abu Dhabi. 

“Emal has a fundamental commitment to the environment. The company is determined to minimise the environmental impact of its production processes and to do all it can to preserve and protect the ecology of the areas in which it operates and its surroundings,” a Rockwell Automation statement said.

Rockwell, the world’s largest company dedicated to industrial automation, was selected as the main instrument and automation supplier for the Emal Phase II 444-cell potline extension project.

 

Oman Oil to buy Oxea

OMAN Oil Company has agreed to buy German chemicals maker Oxea from buyout firm Advent International to expand into downstream activities in a deal a person familiar with the matter said was worth about 1.8 billion euros ($2.4 billion), reports Reuters.

Oxea, a maker of ingredients for coatings, fuel additives, lubricants and cosmetics, will help to diversify Oman’s industry and trade and reduce the sultanate’s reliance on crude oil, the buyer and seller said in a joint statement.

 

Serco gets metro extension

THE Serco Group has announced it has signed an extension to its contract with Dubai’s Roads and Transport Authority (RTA) to continue to operate and maintain the Dubai Metro.

The five-year extension, running to September 2019, is valued at approximately £355 million ($573 million), with an opportunity to extend a further two years.

 

ASB launches plant in HK

ASB Biodiesel, a joint venture between Al Salam Bank-Bahrain and a group of Gulf-based financial institutions, has launched its new $165 million waste-to-biodiesel plant in Hong Kong.

A dynamic, diversified and differentiated Islamic lender, Al Salam Bank-Bahrain said the new plant is capable of processing waste oils into 100,000 tonnes of biodiesel annually.