Lanxess AG (Cologne, Germany) signed a contract to sell its Urethane Systems business to UBE Corp. (Tokyo). The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction Lanxess exits the last remaining polymer…
TPC Group (Houston) announced that it has further increased its capacity to produce di-isobutylene (DIB), a primary product in the Company’s Specialty Products business unit, to supply the growing global demand for DIB. Last year, the company completed the initial…
LG Chem Ltd. (Seoul, South Korea) announced that its Platform Technology R&D team has developed a temperature-responsive Safety Reinforced Layer (SRL), a material designed to suppress thermal runaway. In collaboration with Professor Lee Minah's team from the Department of Battery Engineering…
SK pharmteco (Seoul, South Koreaa), a global contract development and manufacturing organization (CDMO), announced a major expansion of its small molecule and peptide production capabilities with a $260 million investment to construct a new state-of-the-art facility in Sejong, South Korea. …
Evonik Industries AG (Essen, Germany) announced the groundbreaking of a significant expansion at its Charleston site in South Carolina’s Berkeley County. This new development will boost the production capacity of precipitated silica by 50%, catering to the increasing demand from…
ICL Ltd. (Tel Aviv, Israel) signed a memorandum of understanding (MOU) with Orbia Advance Corp., S.A.B. de C.V. (Mexico City) Fluor & Energy Materials (OF&EM), as both companies continue to expand their presence in the North American battery materials supply…
ArcelorMittal announces it has invested $5 million in Utility Global, Inc. (Houston; www.utilityglobal.com), through its XCarb Innovation Fund. The Fund, launched in 2021, invests in companies developing disruptive technologies that have the potential to support the decarbonization of steelmaking. The…
Microsoft announced that it has entered into an agreement with Irish power company ESB that will see its data-center power control and administration building in Dublin be powered by zero emissions green hydrogen power. The landmark pilot project is the…
Advanced materials provider Momentive Technologies (Strongsville, Ohio) has completed the acquisition of Sibelco’s spherical alumina and spherical silica businesses located in South Korea. The acquisition broadens Momentive Technologies’ ceramics powder product portfolio and strengthens its innovative work on thermal fillers…
Honeywell International, Inc. (Charlotte, N.C.) announced the completion of its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This further expands the comprehensive suite of top-tier solutions Honeywell…