Latest News: Business
Blue Point One JV breaks ground on world’s largest low-carbon ammonia plant
Blue Point One, a joint venture between CF Industries Holdings, Inc. (Northbrook, Illinois), the world's largest producer of ammonia; JERA Co., Inc. (Tokyo, Japan), Japan's largest energy company; and Mitsui & Co., Ltd. (Tokyo, Japan), a leading global investment and…
Alleima to expand advanced tubing production at Mehsana, India facility
Alleima AB (Sandviken, Sweden) is increasing its capacity and capabilities for advanced tubing products through an investment of approximately SEK 220 million at its existing facility in Mehsana, India. Building on the expansion finalized in 2023, the next phase will…
ABB to supply control technology by Kawasaki for world’s first commercial-scale liquefied hydrogen facility
ABB Ltd (Zurich, Switzerland) has been selected by Kawasaki Heavy Industries, Ltd. (Tokyo, Japan) to supply its ABB Ability™ System 800xA® distributed control system (DCS) for the Kawasaki LH2 Terminal in Ogishima, approximately 30 kilometers south of Tokyo, Japan —…
Nobian and Air Products sign long-term offtake agreement for RFNBO-certified hydrogen
Nobian Industrial Chemicals B.V. (Amersfoort, the Netherlands) and Air Products and Chemicals, Inc. (Allentown, Pennsylvania), a global leader in industrial gases and the world's largest hydrogen supplier, have signed a long-term agreement for the offtake of RFNBO-compliant, certified hydrogen produced…
Resonac Holdings resolves to spin off petrochemical subsidiary Crasus Chemical
Resonac Holdings Corp. (Tokyo, Japan) has resolved at a meeting of its Board of Directors to execute a partial spin-off (the "Spin-off") of its wholly owned subsidiary, Crasus Chemical Inc., which operates the petrochemical business, effective October 1, 2026. The…
Avanti secures up to $10 million from RiverFort for helium production
Avanti Helium Corp. (Calgary, Alberta) has entered into a definitive investment agreement with RiverFort Global Opportunities PCC Ltd. (Gibraltar) for a secured convertible credit facility with an aggregate face value of up to $10 million (the "Facility"), subject to acceptance…
Closed-loop battery-recycling facility selected for DOE grant
Princeton NuEnergy Inc. (PNE; Bordentown, New Jersey), a U.S.-based advanced battery materials company pioneering direct recycling technologies, has announced that it has been selected to enter award negotiations for a $50 million grant from the U.S. Department of Energy (DOE)…
Asahi Kasei opens battery-separator coating line in North Carolina
Asahi Kasei Corp. (Tokyo, Japan) held a grand opening ceremony on August 20 for its new Hipore™ wet-process lithium-ion battery separator coating line in Charlotte, North Carolina, marking a significant milestone in the execution of the company's North American battery…
MAIRE wins approximately €50 million in new awards in Asia, Europe and North America
MAIRE S.p.A. (Milan, Italy) announced new awards in its Sustainable Technology Solutions (STS) business unit for a total amount of approximately €50 million, with projects located across Asia, Europe, and North America. Stamicarbon B.V. (Sittard, the Netherlands), Nextchem's nitrogen technology…
Xanadu and Mitsubishi Chemical advance quantum computing collaboration for semiconductor manufacturing
Xanadu Quantum Technologies Limited (Toronto, Ont., Canada), a leading photonic quantum computing company, has announced the next phase of its collaboration with Mitsubishi Chemical Corp. (Tokyo, Japan) to advance semiconductor fabrication technologies using quantum computing algorithms. This next phase is…