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Latest News: Business

Veolia opens new composting and biomass plant in Spain

Veolia S.A. (Paris) has inaugurated a new composting and biomass plant in Fuentes de Ebro, Zaragoza, Spain consolidating an integrated model for waste recovery and renewable energy production based on local resources. The facility operates across two complementary lines of activity.…

Utility Global and SAMJIN sign agreement for hydrogen project in Daejeon, South Korea

Utility Global, Inc. (Houston) and SAMJIN E&I, a Korean industrial manufacturing and project development company, announced an engineering services agreement for Utility’s H2Gen project in Daejeon, South Korea. This follows the recently announced strategic collaboration agreement with SAMJIN and enables…

Covestro kicks off project to develop continuous bio-based aniline production

Covestro AG (Leverkusen, Germany) has launched Bio4PURConti (Bio-Based Continuous Production for Sustainable Polyurethane Industry), acting as project coordinator of the pioneering EU-funded initiative. The project aims to develop the world's first continuous production process for bio-based aniline. Aniline is a…

Synthomer to divest Czech acrylate monomers business to Mutares

Synthomer Plc (London, U.K.) announced an agreement to divest Synthomer a.s., the operating company for its Acrylate Monomers business based in the Czech Republic, to Mutares SE & Co. KGaA, a German listed private equity-style company focused on companies in…

Evonik to sell select pharmaceutical ingredients assets in Hanau

Evonik Industries AG (Essen, Germany) is selling selected production assets for pharmaceutical ingredients in Hanau, Germany to the contract manufacturer ProChem Group. The transaction supports the growth strategy of Evonik’s Health Care business. By acquiring the facilities, the ProChem Group…

Major carbon-utilization facility opens in Australia

Orica Ltd. (Vitcoria, Australia) announced the opening of a world-leading carbon utilization facility adjacent to its Kooragang Island site, developed by MCi Carbon with Orica support. The facility marks a major milestone in the development of technologies to decarbonize heavy…

Sonatrach and VNG sign MoU for development of green-hydrogen projects

Sonatrach (Algiers, Algeria), the state-owned energy company of Algeria, announced that it signed a memorandum of understanding (MoU) with German utility firm VNG AG to explore cooperation in green hydrogen development and methane emissions reduction, according to a company statement.…

Lubrizol and Polyhose inaugurate new manufacturing site in Chennai

The Lubrizol Corp. (Cleveland, Ohio) and Polyhose, a leading manufacturer in fluid conveyance systems,  inaugurated a new medical manufacturing site in Chennai, Tamil Nadu. The facility will manufacture precision extruded medical tubing for minimally invasive devices, supporting India’s rapidly growing…

Tokuyama-LOTTE JV breaks ground on new tetramethylammonium hydroxide plant

Tokuyama Corp. (Tokyo) announced that Hantok Chemicals Co., Ltd. , an equity-method affiliate of Tokuyama, held a groundbreaking ceremony in Pyeongtaek, Republic of Korea, for its new Pyeongtaek Plant, which will be a production facility for tetramethylammonium hydroxide (TMAH), a…

thyssenkrupp Uhde and Johnson Matthey complete ammonia-plant modernization work in Turkey

Thyssenkrupp Uhde GmbH (Dortmund, Germany), in close cooperation with Johnson Matthey plc (JM; London), has successfully completed the modernization of the ammonia converter for İGSAŞ – İstanbul Gübre Sanayii A.Ş. – at its Kocaeli production site. A recent performance test…