Latest News: Business
Sonatrach and World Bank Group sign MOU to advance climate initiatives in Africa
Sonatrach S.p.A. (Algiers, Algeria), the International Bank for Reconstruction and Development (IBRD; Washington, D.C.) and the International Finance Corporation (IFC; Washington, D.C.), both members of the World Bank Group (Washington, D.C.), have signed a memorandum of understanding (MOU). The MOU…
Ferrovial wins $537.9-million contract for water reclamation facility in Fort Worth
Ferrovial SE (Amsterdam, the Netherlands), a leading global infrastructure company, has been awarded a $537.9 million contract to deliver the Mary’s Creek Water Reclamation Facility in Fort Worth, Texas. The contract marks the company’s largest U.S. water infrastructure project to…
Current Chemicals expands rare-earth fluoride production in Cleveland
Current Chemicals, Inc. (CCI; Cleveland, Ohio), a U.S.-based company converting separated rare-earth oxides into the fluorides used to make rare-earth metals and magnets, announced an additional investment from its lead shareholder, Momentum Global Ventures B.V. (Amsterdam; MGV). The investment will…
Rio Tinto approves $144 million for next phase of Resolution Copper project in Arizona
Rio Tinto plc (London) has approved a $144 million investment by Resolution Copper Mining LLC (Superior, Ariz.), of which Rio Tinto's share is $79 million, to advance the next phase of development at the project in Arizona, one of the…
Nouryon to launch MMAO production in China for solar and automotive plastics
Nouryon Chemicals Holding B.V. (Amsterdam, the Netherlands) is adding new production of its modified methylaluminoxane, or MMAO, in Jiaxing, China, to meet growing demand for the high-performance plastics used in solar panels and cars. The company will begin producing MMAO,…
Alta Performance Materials to acquire BASF’s Palatal business in Chile
ALTA Performance Materials (London, U.K.) announced that it has signed an agreement with BASF SE (Ludwigshafen, Germany) to acquire its Palatal business in Chile. The agreement marks an important step in ALTA Performance Materials' strategy to strengthen its presence in…
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…