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Latest News: Business

Geno and Sojitz partnering on commercialization of plant-based nylon-6

Genomatica (Geno; San Diego) announced that it has entered into a new partnership with Sojitz Corp. (Toyko) to significantly accelerate the commercialization of plant-based nylon-6 based on Geno’s underlying proprietary technology. Sojitz has made a strategic financial investment to accelerate…

Givaudan breaks ground on new manufacturing plant in Ohio

Givaudan (Zurich, Switzerland) announced the groundbreaking of its new, state-of-the-art liquids production facility in Reading, Ohio, reinforcing its continued commitment to the North American region. The new site, which will complement the company’s existing facilities, represents an initial investment of…

Air Liquide invests $50 million to support new long-term hydrogen supply agreements on U.S. Gulf Coast

Air Liquide S.A. (Paris) is enhancing its strategic U.S. Gulf Coast network to support new customers' needs. The Group has secured new hydrogen supply agreements with two of the largest refiners in the U.S. and will leverage its existing infrastructure…

Borealis announces major expansions at cross-linked polyethylene facilities in Sweden

Borealis Group (Vienna, Austria) is pleased to announce two major investments in cross-linked polyethylene (XLPE) production facilities at its site in Stenungsund, Sweden. Together, these projects will significantly increase capacity for insulation materials used in medium-, high- and extra-high voltage…

Resonac’s ammonia business to use hydrogen derived from recycled plastics

Resonac Corp. (Tokyo) announced plans to further decarbonize its ammonia business at the Kawasaki Plant by using only hydrogen derived from used plastics as feedstock for ammonia production. The new facilities are scheduled to begin operation in April 2030. This…

Clariant completes significant production expansion at Daya Bay facility

Clariant AG (Muttenz, Switzerland) completes its CHF 100 million investment in the Daya Bay facility, with the second production line fully operational in November. This expanded capacity strengthens Clariant's ability to meet growing demand for more sustainable flame-retardant solutions in…

Carlyle to acquire majority stake in BASF Coatings business

BASF SE (Ludwigshafen, Germany) and funds managed by global investment firm Carlyle, in partnership with Qatar Investment Authority (QIA), have entered into a binding agreement relating to BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses (BASF Coatings).…

Clariant unveils new titanium-based catalysts for improved PET recycling

Clariant AG (Muttenz, Switzerland; www.clariant.com) presented its new AddWorks titanium-based catalyst solutions for polyester polymerization at K 2025, the world's premier trade fair for plastics and rubber. Set to launch in 2026, this technology offers a more sustainable and high-performance…

2025 Nobel Prize in Chemistry goes to pioneers of metal-organic frameworks

The Royal Swedish Academy of Sciences (www.nobelprize.org) have awarded to the 2025 Nobel Prize in Chemistry to Susumu Kitagawa, Richard Robson and Omar Yaghi for developing a new form of molecular architecture. In their constructions, metal ions function as cornerstones that are linked…

Evonik and Schneider Electric partner to advance automation in thermoplastic recycling

Schneider Electric (Rueil-Malmaison, France; www.se.com) and Evonik (Essen, Germany; www.evonik.com) have partnered to automate a thermoplastic processing plant at Evonik’s Essen Goldschmidt site in Germany. This initiative was officially launched during the K Show trade fair in Düsseldorf, Germany, an…