Latest News: Business
Entegris enters SiC and diamond-enabled thermal-management materials market
Entegris, Inc. (Billerica, Mass.), a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries, today announced two important milestones in its strategic expansion into the market for silicon carbide (SiC) and diamond-enabled thermal…
Covestro inaugurates new polyester resin production line at Meppen site
Covestro AG (Leverkusen, Germany) inaugurated a new production line for polyester resins at its Meppen site. The opening comes in response to rising demand for high-performance polyester resins across Europe. Coatings formulators are reformulating to meet ever-tighter regulatory requirements, while…
Evonik expands silicone platform in Essen with €52 million investment
Evonik Industries AG (Essen, Germany) has invested €52 million in expanding its silicone platform at the Essen Goldschmidtstrasse site in Germany. The investment included the construction of a new production plant and a large tank farm. The new facility increases…
Alfa Laval produces titanium heat exchanger plates with 25% recycled content
Alfa Laval AB (Lund, Sweden) has set a new industry benchmark in manufacturing with a pioneering initiative at its gasketed plate heat exchanger factory in Jiangyin, China. As part of its ambition to reduce the carbon footprint of its heat…
CVR Energy to acquire two Marathon Petroleum refineries for $4.2 billion
CVR Energy, Inc. (Sugar Land, Tex.) has entered into a definitive agreement with subsidiaries of Marathon Petroleum Corp. (Findlay, Ohio) under which CVR Energy would acquire Marathon’s St. Paul Park, Minn., and Mandan, N.D., refineries, along with Marathon’s related marketing…
INEOS Inovyn completes acquisition of remaining Runcorn EDC assets
INEOS Inovyn (Runcorn, U.K.) has completed the acquisition of the remaining 50% shareholding in Runcorn MCP Ltd. (Runcorn, U.K.), together with the assets and employees associated with ethylene dichloride (EDC) production at the Runcorn site from Vynova Runcorn Ltd. (Runcorn,…
Asahi Kasei signs MoU with Power to Hydrogen to accelerate commercialization of AEM water electrolysis
Asahi Kasei (Tokyo, Japan; www.asahi-kasei.com), a diversified global company, and U.S.-based Power to Hydrogen (P2H2; www.power-h2.com) have signed a memorandum of understanding (MOU) to evaluate manufacturing scale-up and commercialization of water electrolysis systems utilizing anion exchange membrane (AEM) technology to…
Chemours launches liquid-cooling brand for AI data-center market
The Chemours Company (Wilmington, Del.; www.chemours.com), today launched FaizeonTM two-phase liquid cooling solutions for artificial intelligence (AI), high-performance computing (HPC), and high-density data centers. The portfolio includes dielectric fluids engineered for both two-phase direct-to-chip and two-phase immersion cooling, giving data…
Merck KGaA to divest CDMO business to Lonza
Merck KGaA, Darmstadt, Germany has signed a definitive agreement to divest its contract development and manufacturing organization (CDMO) business within its Life Science business sector to Lonza Group Ltd. (Basel, Switzerland). The transaction advances the mid- to long-term strategic agenda…
Evonik to expand silicone platform at Germany site
Evonik (Essen, Germany; www.evonik.com) has invested €52 million in expanding its silicone platform at the Essen Goldschmidtstrasse site in Germany. The investment included the construction of a new production plant and a large tank farm. The new facility increases production…