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Latest News: Business

Varo Energy to acquire Swedish energy firm Preem

VARO Energy (Zug, Switzerland) has reached agreement to acquire Preem Holding AB and Preem AB (Stockholm, Sweden), Sweden’s largest fuel company, through the purchase of 100% of the share capital of the parent company, Corral Petroleum Holdings AB (CPH), in…

TotalEnergies, Equinor and Shell launch the 2nd phase of Northern Lights CCS project

TotalEnergies SE (Paris) and its partners, Equinor and Shell, announced the Final Investment Decision (FID) of the second phase of the Northern Lights carbon capture and storage (CCS) development, which will increase the project transport and storage capacity from 1.5…

INOX Air Products commissions green-hydrogen plant at Asahi India Glass

INOX Air Products (INOXAP), India’s largest manufacturer of industrial, electronic and medical gases, announced the successful commissioning of its first-ever Green Hydrogen manufacturing Plant at Asahi India Glass Limited’s (AIS) greenfield float-glass facility at Soniyana in Chittorgarh, Rajasthan. AIS, India’s…

Johnson Matthey and bp technology selected for new U.K. SAF project

Johnson Matthey plc (JM; London) announced that Willis Sustainable Fuels (WSF) has selected JM and bp’s award-winning Fischer Tropsch (FT) CANS technology for WSF’s sustainable aviation fuel (SAF) project in Teesside, Northeast England. The project, which is expected to be…

Toyo Engineering awarded contract for anhydrous hydrogen fluoride plant in Korea

Toyo Engineering Korea Ltd., a subsidiary of Toyo Engineering Corp. (Tokyo), has been awarded a contract by BGFecospecialty (BGFesp) for the construction of the plant to produce 50,000 tons per year of anhydrous hydrogen fluoride (AHF). Toyo-Korea will be responsible…

Shin-Etsu Chemical to invest in production capacities for pharmaceutical cellulose

Shin-Etsu Chemical Co. (Tokyo) will make investments at two of its bases, the subsidiary SE Tylose GmbH & Co. KG (Wiesbaden, Germany) and the Naoetsu Plant (in Joetsu, Niigata Prefecture, Japan) to strengthen its pharmaceutical cellulose business. In Germany, a…

Linde to install thermochemical regenerator technology at O-I glass plant in Holzminden, Germany

O-I Glass, Inc. () and Linde plc announced plans to install Linde’s proprietary OPTIMELT Thermochemical Regenerator (TCR) technology at O-I’s container glass plant in Holzminden, Germany. This collaboration is expected to significantly reduce both fuel consumption and fuel-based Scope 1…

Hy2gen Canada moves forward with one of North America’s largest renewable ammonia projects

Hy2gen Canada Inc., the Canadian subsidiary of global renewable hydrogen producer Hy2gen (Wiesbaden, Germany), has submitted the project notice for the renewable ammonia production plant project COURANT to Quebec’s Minister of the Environment, Fighting Against Climate Change, Wildlife and Parks.…

CSB issues final investigation report on 2023 Marathon plant fire

The U.S. Chemical Safety and Hazard Investigation Board (CSB; Washington, D.C.; www.csb.gov) recently released its final investigation report into the November 19, 2023, fire at the Marathon Martinez Renewables facility in Martinez, CA.  The incident seriously injured one employee, who suffered…

BASF starts up its first plant for recycled polyamide 6

BASF SE (Ludwigshafen, Germany) announced the start-up of the world’s first commercial loopamid plant. The production facility at the Caojing site in Shanghai, China, has an annual capacity of 500 metric tons and marks an important step in the supply…