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Business News: November 2025

Plant Watch World-scale black pellet plant begins commercial operation in Vietnam October 14, 2025 — Idemitsu Kosan Co. (Tokyo; www.idemitsu.com) has commenced commercial operation of its newly constructed plant in Gia Lai Province, Vietnam, to produce black pellets (BP), a…

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“Chemical sorting” process improves separation rate of solid contaminants from automotive waste

Processes to reuse plastics from end-of-life vehicles are complicated by solid contaminants — including pre-embedded metal and rubber components of different sizes and reinforcing glass fiber. Currently, recycling solids-containing waste-plastic parts is accomplished by physical sorting processes. Honda (Tokyo, Japan;…

Outokumpu to construct enriched ferrochrome pilot plant in New Hampshire

Outokumpu (Helsinki, Finland) is investing approximately $45 million in a new pilot plant in New Hampshire, planned to be operational in H1 of 2027. The unique pilot plant  will represent a significant step forward in Outokumpu's strategy to scale up…

Siemens and Capgemini expand collaboration to develop AI technologies for engineering and manufacturing

Siemens AG (Munich, Germany) and Capgemini SE (Paris, France) are expanding their strategic partnership to co-develop AI-native digital solutions for product engineering, manufacturing and operations. Such solutions fundamentally embed artificial intelligence at their core from inception, rather than merely adding…

Syensqo to divest Oil & Gas business to SNF Group

Syensqo S.A. (Brussels, Belgium) announced that it has entered into an agreement to divest its Oil & Gas Business Unit to SNF Group (Andrézieux-Bouthéon, France), a specialty chemical company headquartered in France and a global leader in polyacrylamide production, for…

Bringing Smarter Chemistry and Manufacturing to the Battery Sector

Industry leaders’ insights on the future of battery materials supply and production At The Battery Show (Oct. 6–9; Detroit, Mich.), all eyes were on the supply chain, with wide-ranging panel discussions covering everything from emerging technologies to reduce the reliance…

Albemarle sells controlling stake in Ketjen refining catalyst business

Albemarle Corp. (Charlotte, N.C.) announced it has entered into a definitive agreement to sell a controlling stake in Ketjen Corp.'s refining catalyst solutions business to KPS Capital Partners, LP (KPS). Albemarle and KPS, through affiliates, will own approximately 49% and…

Honeywell and Samsung E&A join forces to advance CCS and SAF technologies

Samsung E&A (Seoul, South Korea) announced its intention to collaborate with Honeywell International, Inc. (Charlotte, N.C.) to explore opportunities to drive technology advancement, boost energy efficiency and expand collaborative efforts in the global energy sector. Under the Memorandum of Understanding…

Solstice Advanced Materials completes spin-off from Honeywell

Solstice Advanced Materials, a leading pure-play specialty materials company, announced its first day as an independent, publicly traded company following the completion of its spin-off from Honeywell. Shares of Solstice will begin trading on the Nasdaq Stock Market under the…

Samsung E&A secures $475-million contract for low-carbon ammonia plant in Indiana

Samsung E&A (Seoul, South Korea) announced that its U.S. office, Samsung E&A America, has signed an EPF (Engineering, Procurement, and Fabrication) contract for the‘USA Wabash Low-Carbon Ammonia Project from Wabash Valley Resources. This contract marks Samsung E&A America's first low-carbon…