Latest News: Business
Symrise to divest terpene ingredients business to Mutares
Symrise AG (Holzminden, Germany) has signed a definitive agreement to sell AmeriTerpenes LLC (Jacksonville, Fla.), its terpene ingredients business, to international private equity investor Mutares SE & Co. KGaA (Munich, Germany). With this divestment, Symrise sharpens its portfolio and concentrates…
Axens to provide technology for Expander Energy’s SAF and renewable diesel projects in Canada
Axens S.A. (Rueil-Malmaison, France), a global leader in sustainable refining and biofuels technology licensing and development, today announced that it has been selected by Expander Energy Inc. (Calgary, Alberta, Canada), a producer of sustainable aviation fuel (SAF) and renewable diesel…
Uniper signs FEED contracts with AFRY, Carbon Clean, Siemens Energy and Topsoe for NorthStarH2 e-methanol plant
Uniper SE (Düsseldorf, Germany) has signed contracts with AFRY AB (Solna, Sweden), Carbon Clean Ltd. (London, U.K.), Siemens Energy AG (Munich, Germany), and Topsoe A/S (Kgs. Lyngby, Denmark) to begin the next development phase for NorthStarH2, a planned e-methanol production…
Saipem awarded pre-FEED contract for Synhelion’s commercial-scale synthetic fuel plant in Germany
Saipem S.p.A. (Milan, Italy) has been awarded a contract by Synhelion AG (Zurich, Switzerland), a producer of renewable synthetic fuels, to execute the pre-FEED (pre-Front-End Engineering Design) activities for a new commercial-scale synthetic fuel plant to be located at RWE…
Acwa and Veolia expand seawater desalination partnership
Acwa (Riyadh, Saudi Arabia) has signed a memorandum of understanding with Veolia Environnement S.A. (Paris, France) committing the two companies to optimizing seawater desalination across the entire value chain — covering how plants are designed, what equipment goes into them,…
Ely Lilly to acquire biotechnology company Merida Biosciences
Eli Lilly and Company (NYSE: LLY; Indianapolis, Ind.) and Merida Biosciences, Inc. (Cambridge, Mass.), a biotechnology company advancing a new class of precision therapeutics for serious autoimmune and allergic diseases, today announced a definitive agreement for Lilly to acquire Merida.…
Itochu invests in India’s first independent ammonia-storage terminal
ITOCHU Corporation (Minato-ku, Tokyo, Japan)announced that it has acquired a portion of the equity securities of Aegis Terminal (Pipavav) Ltd. (Gujarat, India; ATPL) from Aegis Vopak Terminals Ltd. (Mumbai, India; AVTL). Through this investment, ITOCHU has entered the ammonia storage…
SLB to acquire thermal management firm Kelvion for around $3.4 billion
SLB N.V. (Houston, Tex.) announced it has signed an agreement to acquire Kelvion Holding GmbH (Herne, Germany), a global provider of thermal management and heat exchange technologies. The acquisition strengthens SLB's Data Center Solutions business with critical thermal management technologies…
Air Products expands hydrogenation capabilities at Allentown chemicals and refinery process lab
Air Products and Chemicals, Inc. (Allentown, Pa.), the world's largest supplier of hydrogen, today announced that it has expanded the hydrogenation capabilities of its state-of-the-art Chemicals and Refinery Process Lab located at its Global Corporate Headquarters in Allentown, Pennsylvania. "The…
Germany’s first CO2 export terminal takes a step closer to commercial development
Ambrian Energy GmbH (Bremen, Germany) and Messer SE & Co. KGaA (Bad Soden, Germany) announce that the planned joint venture "CarbonBridge" has successfully received antitrust approval from the European Commission. This milestone paves the way for the development of the…