PPG (Pittsburgh Pa.) announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. The…
Cespa (Madrid, Spain) and Sonatrach (Algiers, Algeria) have signed a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the…
Seeq, a global leader in industrial analytics, AI, and enterprise monitoring, today announced a strategic partnership with AVEVA, a global leader in industrial software. Core to the partnership is the native integration between the two companies’ platforms that will simplify…
Lyten (San Jose, Calif.) announced plans to invest more than $1 billion to build what is said to be the world’s first Lithium-Sulfur battery gigafactory. The facility will be located near Reno, Nevada, and will have the capability to produce…
MOL Group (Budapest, Hungary) signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after…
Phillips 66, Inc. (Houston) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner. It will receive…
BASF SE (Ludwigshafen Germany) announced that its Petrochemicals division has completed its upgrades for Superabsorbent Polymers (SAP) after a $19.2 million investment into its Freeport, Texas site. The project, which began in 2023, involved the installation of new equipment to…
Air Liquide S.A. (Paris) will invest around $150 million to expand its production capacity and pipeline network in Tennessee, in the context of a new long-term contract with LG Chem Ltd. (Seoul, South Korea). Supplying oxygen to LG Chem’s future…
The Mitsubishi Chemical Group (MCG Group; Tokyo) has decided to increase its production capacity of ion-exchange resins used to produce ultrapure water for use in semiconductor manufacturing processes at Mitsubishi Chemical’s Kyushu-Fukuoka Plant in Kitakyushu City, Fukuoka Prefecture, Japan. The…
Toyo Engineering Corp. (Tokyo) has been awarded the front-end engineering design (FEED) contract for an ethanol to ethylene production facility by Braskem Siam Company Ltd. This company is a joint venture between Braskem S.A. (São Paulo, Brazil) and SCG Chemicals…