Advanced Ionics (Milwaukee, Wis.), the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production, closed a $12.5 million Series A financing led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries,…
Marubeni Corp. (Tokyo), together with PERU LNG S.R.L., a liquefied natural gas company in which Marubeni participates, and Osaka Gas Co. have signed a joint study agreement to commence a Preliminary-Front End Engineering and Design study (Pre-FEED) for a project…
Efuels company HIF Global (Houston) has engaged Technip Energies (Paris) to assess technology options and initiate plant design for HIF’s first Australian eFuels production facility, to be sited in northern Tasmania. Once operational, the HIF Tasmania eFuels Facility, located 30…
Topsoe A/S (Lyngby, Denmark) was selected by Marathon Petroleum Corp. (Findlay, Ohio) as the technology provider for renewable fuels production at the Martinez Renewable Fuels Facility in California. The facility, part of Marathon’s 50/50 joint venture with Neste, utilizes Topsoe’s…
ABB, Inc. (Zurich, Switzerland) and Northvolt AB (Stockholm, Sweden) are further strengthening their long-standing collaboration in the field of green batteries, an increasingly critical part in the ongoing energy transition. Since 2017, ABB has already delivered key electrification and automation…
Andritz (Graz, Austria) has supplied its first carbon capture plant to the steel industry. The pilot plant started operating at voestalpine’s steel mill in Linz, Austria, in the second quarter of this year. The plant separates carbon dioxide from the…
Neste Corp. (Espoo, Finland) has entered a cooperation with Suntory, ENEOS Corp. (Tokyo, Japan) and Mitsubishi Corp. (Tokyo) to enable the production of PET (Polyethylene Terephthalate) resin made with renewable Neste RE on a commercial scale. Neste RE is Neste’s…
Braskem S.A. (São Paulo, Brazil) and SCG Chemicals plc (SCGC; Bangkok, Thailand) have signed a joint venture (JV) agreement to create Braskem Siam Company Limited. Subject to clearance from the relevant anti-trust authorities and final investment decision by the partners,…
Occidental Corp. (Oxy; Houston) announced that a wholly owned subsidiary has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for total cash consideration of approximately $1.1 billion, to be made in three…
Covestro AG (Leverkusen, Germany) has developed an innovative process for recycling polycarbonate, i.e. polychain plastics. In this process, plastics are converted back into their monomers, a precursor of plastics, so that they can be fed back into the production process…