Latest News: Business
Envalior and SECARA to develop circular PA6 pathway from end-of-life vehicle plastics
Envalior B.V. (Düsseldorf, Germany) has announced a Memorandum of Understanding (MoU) with SECARA (North Rhine-Westphalia, Germany), a technology scale-up specializing in industrial-scale solutions for closed-loop polymer recycling. Through this collaboration agreement, Envalior will work with SECARA to test and validate…
Emvolon and Freepoint Commodities announce partnership to scale biomethanol production from waste gases globally
Emvolon, Inc. (Woburn, Massachusetts), an MIT spinout commercializing technology that converts methane-rich waste gases into high-value liquid fuels, and Freepoint Commodities LLC (Stamford, Connecticut), a leading global physical commodity merchant, have announced the execution of two definitive commercial agreements. The…
Solstice Advanced Materials and Element Solutions mutually terminate merger agreement
Solstice Advanced Materials Inc. (Morris Plains, N.J.), a global leader in high-performance specialty materials, and Element Solutions Inc. (Fort Lauderdale, Fla.) have entered into an agreement to terminate their previously announced agreement for Solstice to acquire Element in a cash-and-stock…
Cyclic Materials to expand rare-earth recycling infrastructure in South Carolina and Arizona
Cyclic Materials Inc. (Kingston, Ontario, Canada), a company building rare earth production infrastructure through circular supply chains, has announced the completion of a US$75 million strategic financing round, reflecting expanded commitments from existing investors and bringing total equity funding to…
Evonik to build new drug-product manufacturing facility in Vancouver
Evonik Industries AG (Essen, Germany) is investing in a new GMP drug product manufacturing facility for lipid-based drug delivery in Vancouver, Canada. The facility will increase Evonik's development and manufacturing capacity, helping pharmaceutical and biotech customers bring lipid-based pharmaceutical products…
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…