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Latest News: Business

Uncertainty emerges as economic headwind for businesses and consumers, ACC mid-year report says

In a mid-year report on economic conditions, the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) said that "uncertainty has emerged as an economic headwind to businesses and consumers," and "near-term weakness in manufacturing activity is expected amid supply chain disruptions,…

Syensqo inaugurates its state-of-the-art microbiology laboratory in France

      Syensqo (Brussels, Belgium; www.syensqo.com), a global leader in advanced materials and specialty chemicals, is proud to announce the inauguration of its world class cutting-edge microbiology, (eco-)toxicology and biotechnology laboratories in Lyon, France. This new facility is the…

Chevron Lummus Global and Neste advance partnership to convert lignocellulosic waste to renewable fuel

  Chevron Lummus Global (CLG; Houston, Tex.; www.chevronlummus.com) and Neste (Espoo, Finland; www.neste.com), the world's leading producer of sustainable aviation fuel and renewable diesel, announced their progress in developing new technology for converting lignocellulosic biomass into high-quality, lower-emission renewable fuels.…

Linde expanding CO2 capacity in the U.S. Gulf Coast

Linde (Dublin, Ireland; www.linde.com) today announced it is doubling the capacity of its Freeport, Texas, carbon dioxide (CO₂) production facility by adding a second CO₂ liquefaction plant. Starting up in 2027, the new plant will liquefy crude CO₂ captured from MEGlobal America…

OCO Chem commissions first pilot plant for CO2 electrolysis

OCOchem (Richland, Wash.; www.ocochem.com) today announced the successful start-up and commissioning of the world’s first pilot plant to produce hydrogen formate and potassium formate at industrial scale using only carbon dioxide and water as feedstocks. The $5.0 million facility, capable…

Babcock & Wilcox to sell Diamond Power International business Andritz

Babcock & Wilcox Enterprises, Inc. (Akron, Ohio; www.babcock.com) announced today that it has reached an agreement to sell its Diamond Power International business (Lancaster, Ohio) to Austria-based Andritz (Graz, Austria; www.andritz.com) for $177 million, subject to customary fees and adjustments.…

Andritz opens electrolyzer gigafactory in Germany

Andritz (Graz, Austria; www.andritz.com) has today opened a new electroyzer gigafactory in Erfurt, Germany. The gigawatt-scale facility will supply Europe's growing green-hydrogen market.  The new facility has an initial annual production capacity of approximately one gigawatt which corresponds to approximately…

Avina to develop industry’s first on-site SAF plant at Pittsburgh International Airport

Pittsburgh International Airport (PIT) and Avina Synthetic Aviation Fuel (Avina) are partnering to develop the first on-airport sustainable aviation fuel (SAF) production facility utilizing one of the very first alcohol-to-jet pathways in the U.S. Avina will build a state-of-the-art facility…

DuPont expands sterile-packaging manufacturing site in Costa Rica

DuPont (Wilmington, Del.) announced that it has expanded its sterile operations via an addition to its healthcare manufacturing facility in Heredia, Costa Rica, enabling the site to produce sterile packaging for the global medical device industry while also increasing the capacity…

Solvay and BASF join forces to reduce emissions in the hydrogen-peroxide supply chain

Solvay S.A. (Brussels, Belgium) and BASF SE (Ludwigshafen, Germany) intend to jointly focus on a meaningful reduction in scope 3 greenhouse gas emissions within the hydrogen peroxide supply chain. Solvay has selected BASF as the primary supplier of aluminum chloride…