Latest News: Business
Givaudan opens new manufacturing plant in Indonesia
Givaudan (Zurich, Switzerland) celebrated the grand opening of its new, state-of-the-art production facility in Cikarang, Indonesia. By expanding manufacturing capacity and accelerating innovation, the new facility will strengthen the Company’s ability to meet rising consumer demand for memorable food experiences…
E.ON and Imerys inaugurate energy-recovery plant at world-scale carbon black plant
As Europe accelerates its transition to electric mobility, E.ON Power Plants Belgium and Imerys Graphite & Carbon (IGC) officially inaugurated a state-of-the-art Energy Recovery Plant at Imerys’ production site in Willebroek. The inauguration ceremony was honoured by the presence of…
Sumitomo Chemical to establish JV with Samsung Electro-Mechanics for semiconductor materials
Sumitomo Chemical Co. (Tokyo, Japan) announced that its wholly owned Korean subsidiary, Dongwoo Fine-Chem Co., Ltd. (Dongwoo Fine-Chem), has signed a joint venture (JV) agreement with Samsung Electro-Mechanics Co., Ltd. (Suwon, South Korea) to establish a joint venture company that…
Solstice Advanced Materials to acquire Element Solutions in $14.5-billion deal
Solstice Advanced Materials (Morris Plains, N.J.; formerly part of Honeywell) and Element Solutions Inc. (Fort Lauderdale, Fla.) announced that they have entered into a definitive agreement for Solstice to acquire Element in a cash-and-stock transaction valued at approximately $14.5 billion,…
Verde Hydrogen announces 25-MW electrolyzer contract with China Coal Energy Group
Hydrogen technology provider Verde Hydrogen (Stoughton, Mass.) has secured a landmark supply contract with China Coal Energy Group, tasked with delivering a full set of core electrolysis equipment for Phase I of the group’s large-scale off-grid renewable green hydrogen flagship…
Vitol’s WPU selects Sulzer for new chemical recycling facility at Port of Rotterdam
Sulzer Ltd. (Winterthur, Switzerland) has been selected by WPU, part of Vitol, to provide its PyroCon™ technology and engineering services for its new chemical recycling facility in the Netherlands. The new WPU site will process up to 80,000 metric tons…
Air Liquide makes $170 million investment in SK hynix semiconductor fab in Indiana
As part of a long-term contract, Air Liquide S.A. (Paris) will build, own and operate two new production units in Indiana to deliver ultra-pure gases to the first U.S. semiconductor fab of SK hynix, a South Korean global leader in…
Yara to acquire Gulf Coast Ammonia facility in Texas
Yara International ASA (Oslo, Norway) announced that its U.S. subsidiary, Yara North America, Inc., has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, affiliated with Lotus Infrastructure Partners and…
Axens to acquire Air Liquide’s methanol-to-olefins technology portfolio
Axens (Rueil-Malmaison, France) announced that it has signed an agreement with Air Liquide S.A. (Paris) to acquire its Methanol-to-Olefins (MTO) technology portfolio, including the Lurgi Methanol-to-Propylene™ technology. This addition expands Axens’ SAF portfolio through Axens’ Jetanol® process chain, offering its…
Covestro acquires Vencorex chemical plants in Thailand and Texas
Covestro AG (Leverkusen, Germany) completed the acquisition of two former Vencorex production sites for hexamethylene diisocyanate (HDI). derivatives in Rayong, Thailand, and Freeport, Texas, USA. With the acquisition, Covestro expands its production footprint for HDI derivatives and reaffirms its commitment…