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Latest News: Business

Perstorp launches carboxylic acids produced with 100% renewable content

Perstorp AB (Malmö, Sweden) has launched new grades for carboxylic acids which are now available with 100% renewable, traceable mass balanced content and the market’s lowest product carbon footprint. The new products, Valeric Acid Pro 100 and 2-Ethylhexanoic Acid Pro…

Increased production begins at world’s largest solid-phase peptide synthesis plant

Following the signature of a multi-year large scale peptide manufacturing agreement earlier this year, CordenPharma International (Plankstadt, Germany) is pleased to announce the inauguration of increased commercial peptide production capacity with newly-upgraded facilities at CordenPharma Colorado, the largest Solid-Phase Peptide…

Next Hydrogen and Casale sign MOU to develop green ammonia and methanol systems

Next Hydrogen Solutions Inc. (Mississauga, Ont., Canada) and Casale SA (Lugano, Switzerland) have signed a non-exclusive memorandum of understanding to develop green ammonia and methanol systems that integrate Next Hydrogen’s electrolysis technology and products. Under this agreement, the companies will…

Braskem to purchase plastic-waste-derived feedstock from Vitol

Braskem S.A. (São Paulo, Brazil) and Vitol S.A. (Geneva, Switzerland) have announced an agreement for circular feedstock derived from plastic waste. Under the agreement, Vitol will start to supply Braskem Netherlands B.V. with pyrolysis oil produced in the chemical recycling…

EH2 to supply electrolyzer for one of North America’s largest green-hydrogen facilities

Electric Hydrogen Co. (EH2; Natick, Mass.), a manufacturer of advanced, industrial-scale hydrogen electrolyzer technology, and New Fortress Energy Inc. (NASDAQ: NFE) announced today that they have entered into a definitive agreement for supply of EH2’s flagship 100 megawatt (MW) electrolyzer…

Air Liquide announces €400 million investment in green-hydrogen production capacity

On the occasion of the signing of a Memorandum of Understanding to supply the TotalEnergies refinery in Gonfreville, Normandy, France, with renewable and low-carbon hydrogen, Air Liquide S.A. (Paris) also announced an investment of over €400 million for the construction…

Fives acquires ProSim

Fives (Paris, France), an international leader in industrial engineering, strengthens its capabilities with the acquisition of ProSim (Labège, France), an expert in process simulation and optimization. This acquisition will enable Fives companies to enhance the simulation of their equipment in…

Chevron acquires majority stake in the Advanced Clean Energy Storage hydrogen project in Delta, Utah

Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has closed a transaction with Haddington Ventures to acquire 100% of Magnum Development, LLC (Magnum Development) and thus a majority interest in ACES Delta, LLC (ACES Delta), which is…

Albemarle receives $90 million grant from the U.S. Department of Defense to boost lithium production

Albemarle Corporation (Charlotte, N.C.)  announced that the U.S. Department of Defense has approved a $90 million grant to help support the expansion of domestic mining and the production of lithium for the nation's battery supply chain. The funding will be…

Arzeda announces joint development agreement with W. L. Gore to further advance protein design

Protein design company Arzeda (Seattle, Wash.), announced that it has entered a joint development agreement with W. L. Gore & Associates (Newark, Del.)s, a global leader in advanced materials science, following the success of the companies' initial collaboration announced in…