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Latest News: Business

OMV to advance chemical recycling with new plastics-sorting plant

OMV AG (Vienna, Austria) announced the final investment decision to build an innovative sorting plant developed by Interzero to produce feedstock for chemical recycling. In total, OMV will invest an amount of over EUR 170 mn to build this state-of-the-art…

Versalis begins construction of chemical recycling plant in Italy

Versalis, Eni’s chemical company, has begun construction of a demo plant in Mantua, Italy to develop Hoop, its proprietary technology for chemical recycling of mixed plastic waste. Hoop stems from a joint project with Italian engineering company S.R.S. (Research and…

Veolia acquires waste-handling and recycling firm in the U.S.

Veolia North America announced that it has completed the acquisition of U.S. Industrial Technologies, a Michigan-based provider of total waste and recycling services that has managed industrial waste streams for automakers as well as other large manufacturers, medium and small…

Dow and Evonik start up hydrogen peroxide to propylene glycol pilot plant

Dow (Midland, Mich.) and Evonik Industries AG (Essen, Germany)  announced the successful start-up and operation of a pioneering hydrogen peroxide to propylene glycol (HPPG) pilot plant at Evonik’s site in Hanau, Germany. Collaboratively developed by Dow, the world’s largest producer…

Clariant to acquire cosmetics business from IFF

Clariant AG (Muttenz, Switzerland) announced that it has agreed to acquire Lucas Meyer Cosmetics, a leading provider of high value ingredients for the cosmetics and personal care industry, from International Flavors & Fragrances (IFF) for a total cash consideration of…

Nouryon begins production at microspheres plant in Wisconsin

Nouryon (Amsterdam, the Netherlands) has started full-scale production at its new Expancel expandable microspheres plant in Green Bay, Wisconsin, US. The launch of the new plant is an important milestone to better serve specialty additives customers in North America in…

Busch Vacuum Solutions acquires centrotherm clean solutions

Busch Vacuum Solutions has acquired centrotherm clean solutions, one of the technology leaders in industrial-gas abatement systems. The strategic acquisition underlines the commitment of Busch Vacuum Solutions and Pfeiffer Vacuum to sustainability and will help to further strengthen the position…

Toray begins production at filter manufacturing plant in India

Toray Industries, Inc. (Tokyo) announced that a new facility at subsidiary Toray Industries (India) Private Limited began producing air filters earlier this month. These offerings for air purifiers and automotive and building air conditioners and air conditioners minimize pressure losses…

Asahi Kasei to expand global capacity for LIB separator coating

Asahi Kasei Corp. (Tokyo) will invest in additional equipment for coating Hipore lithium-ion battery (LIB) separators. New coating lines will be installed at existing Asahi Kasei LIB separator facilities in the United States, Japan, and South Korea, with start-up scheduled…

Sandvik acquires tungsten manufacturer in New York

Sandvik AB (Stockholm, Sweden) has signed an agreement to acquire Buffalo Tungsten, Inc. (BTI), a leading U.S. based manufacturer of tungsten metal powder and tungsten carbide powder, primarily operating in North America. The company will be reported within the business…