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Latest News: Business

Revalyu Resources breaks ground on its advanced PET recycling facility in the U.S.

Revalyu Resources GmbH (Kleinostheim, Germany), Heraeus Group, and the Development Authority of Bulloch County were joined by state and local officials to celebrate revalyu breaking ground on their first advanced PET (polyethylene terephthalate) recycling facility in America located at Gateway…

Evonik further expands production capacity for gas separation membranes

Evonik Industries AG (Essen, Germany) will further expand capacity for production of its SEPURAN® hollow fiber membranes in Schörfling and Lenzing, Austria. The specialty chemicals company already put into operation a new hollow fiber spinning facility in Schörfling at the…

Toray develops new recycling technology for glass-fiber-reinforced PPS

Toray Industries, Inc. (Tokyo) has developed a technology that makes it possible to recycle glass fiber-reinforced polyphenylene sulfide (PPS-GFRP) whose performance matches initial performance of virgin resins. By Increasing recycling ratio of PPS GFRP, it will contribute to reducing CO2…

TotalEnergies and Borealis start up joint polyethylene unit in Texas

TotalEnergies SE (Paris) and Borealis AG (Vienna, Austria) announced the startup of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Bayport, Texas. The new…

KBR Signs MoU with SolydEra for integrated ammonia electrolyzer technology

KBR, Inc. (Houston) announced that it has signed a Memorandum of Understanding (MoU) with SolydEra, to offer an integrated solution for producing lower cost clean ammonia using renewable energy. Under the terms of the MoU, KBR will integrate SolydEra's Solid…

ABB and Altilium sign agreement to work on battery industry recycling projects

ABB Ltd. (Zurich, Switzerland) has signed a Memorandum of Understanding (MoU) agreement with U.K.-based clean technology group Altilium to jointly explore how the integration of automation, electrification and digital technologies in plants across Europe can support the scaling up of…

Suncor acquires TotalEnergies EP Canada

TotalEnergies EP Canada Ltd. has finalized the sale to ConocoPhillips of its 50% interest in the Surmont oil sands asset and associated midstream commitments. The transaction, for a base amount of C$4.03 billion (about US$3.0 billion) plus up to C$440…

Metso acquires automation and control specialist Tedd Engineering

Metso Corp. (Espoo, Finland) has signed an agreement to acquire Tedd Engineering, a privately owned company specialized in automation, control systems, and electrical solutions for mobile equipment and aftermarket, primarily focusing on the aggregates business. Tedd Engineering employs approximately 70…

Solenis acquires water-treatment firm CedarChem

Solenis (Wilmington, Del.) completed the acquisition of CedarChem LLC on October 2, 2023. As part of the acquisition, Solenis will acquire all CedarChem operating assets. Headquartered in Cedartown, Georgia, CedarChem offers a full suite of water and wastewater treatment products for…

Lummus announces agreement for advanced recycling technology with Dongyang Environment Group

Lummus Technology (Houston) has announced an agreement with Dongyang Environment Group to deploy Lummus' advanced plastics recycling technology in South Korea. The plant will be located in Seosan, Chungcheongnam-do, Korea, and will be operated by Dongyang Environment's subsidiary, Seohae Green…