Mobile Navigation

Latest News: Business

Trillium receives funding for construction of market demonstration unit for bio-based acrylonitrile

Trillium Renewable Chemicals (Knoxville, Tenn.; www.trilliumchemicals.com) announced today it has raised a $10.6M Series A financing round. The first closing totaled $5.5M and was led by Hyosung Advanced Materials Corporation. Current investor Capricorn Partners also participated. HELM AG has agreed…

Global Bioenergies starts up commercial production unit for bio-isobutene

Global Bioenergies (Evry, France) announced that its first commercial production unit is now fully operational. All units (biological isobutene production, purification, condensation and packaging) have been validated and are now in operation. Frédéric Ollivier, Global Bioenergies’ Chief Technical Officer, said:…

ArcelorMittal acquires scrap-metal recycling business in the Netherlands

ArcelorMittal announced that it has acquired Riwald Recycling, a state-of-the-art ferrous scrap metal recycling business based in the Netherlands. Transaction signing occurred with closing, which is subject to customary regulatory approvals, expected by the end of January 2023. Riwald Recycling…

Air Liquide signs an agreement to divest its business in Trinidad and Tobago

Air Liquide (Paris) announced that it has signed an agreement to divest its business in Trinidad and Tobago to Massy Gas Products Holding Ltd. (MGPHL).  As a consequence of this divestiture, the approximately 30 employees of this business will be…

Nouryon purchases alkoxylation plant in Singapore

Nouryon Amsterdam, the Netherlands) announced that it has expanded its alkoxylation footprint in Southeast Asia through an asset purchase on Jurong Island, Singapore. The acquired plant will enhance Nouryon’s ability to serve growing regional customer demand in key end-markets including…

Johnson Matthey expands formaldehyde plant in Sweden

Johnson Matthey plc (JM; London) has announced the expansion of its manufacturing facility in Perstorp, Sweden, to meet growing demand for formaldehyde – a versatile building block used in various everyday products. The expansion, which will be operational by the…

ExxonMobil doubles polypropylene production at Baton Rouge

ExxonMobil Corp. (Houston) announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana. The unit increases polypropylene production capacity along the Gulf Coast by 450,000 metric tons per year, meeting growing demand…

Axens announces successful startup of ethylene-to-ethanol pilot plant in Japan

Axens (Rueil-Malmaison, France) announced that earlier this year it demonstrated the successful start-up of the first ethanol-to-ethylene pilot plant based on Axens Atol technology with Sumitomo Chemical, which is going on the waste-to-polyolefins project in Japan. At full rollout, this…

RWE and Hyphen Hydrogen Energy exploring green ammonia offtake in Namibia

RWE AG (Essen, Germany) and Hyphen Hydrogen Energy Ltd. (Hyphen) have signed a memorandum of understanding that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia.  Hyphen was appointed preferred bidder by the Namibian…

EverWind selects Black & Veatch for FEED services on green hydrogen hub in Nova Scotia

EverWind Fuels Co. has selected Black & Veatch (Overland Park, Kan.) to provide front-end engineering design (FEED) services for its green hydrogen and ammonia production and storage facility in Point Tupper, Nova Scotia, with initial commercial operations planned for 2025.…