Large Offshore Wind Tower Manufacturing Plant to be Built at Port of Nigg, UK
Global Energy Group (“GEG”), the Scottish-based energy services company has agreed on terms with offshore wind tower manufacturing specialist, Haizea Wind Group (“Haizea”), to build a £110m-plus (~$146 million) offshore wind tubular rolling facility at Port of Nigg, located in the Scottish Highlands. GEG said Friday that Nigg Offshore Wind (“NOW”) would be 450-meter-long, 38,000 m2 factory, capable of rolling steel plate to supply towers which will weigh in excess of 1,000 tonnes each and other products…
Peugeot Plans Expanded Iran Venture After Nuclear Deal
PSA Peugeot Citroen is in advanced talks over an Iranian carmaking venture with historic partner Iran Khodro and expects rapid progress following the diplomatic breakthrough lifting sanctions against the country, the French company said. The deal struck between Iran and western powers "should clear the way for significant progress in our discussions", Peugeot Africa and Middle East chief Jean-Christophe Quemard told Reuters on Tuesday in an emailed response. Unlike their existing partnership, under which Iran Khodro re-assembles older Peugeot models made in European plants, the new venture would manufacture cars from scratch using the French group's latest vehicle architectures and engines, Quemard said. "This project will deliver a generational leap," he said.
Japanese Firm to Set Up Houston Compressor Plant
Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), is to establish MHI Compressor Manufacturing, LLC in Pearland, Texas, to produce and service oil industry compressor equipment. The company will produce and service compressors in the U.S. market to accommodate demand generated by rapid growth in shale gas and oil development. Supported by this growth, many new petrochemical plant construction projects are planned, and heavy demand for renewal of existing plants is expected.
