Latest News: Business
Syntholene completes construction of integrated geothermal-SOEC facility in Iceland
Syntholene Energy Corp. (Chicago, Ill.) announced that it has completed construction of its geothermal-integrated Solid Oxide Electrolyzer Cell (SOEC) demonstration facility in Húsavík, Iceland, approximately six months ahead of the Company’s original development schedule and under budget. “Completing a first…
Sandvik acquires Italian firm Diemme Filtration
Sandvik AB (Stockholm, Sweden) has signed an agreement to acquire the Italy-based company Diemme® Filtration, a leading provider of filtration and dewatering solutions for the global mining industry, with a leading position in high-performance filter presses. The company will be…
Ohmium and Hynfra join forces to advance green hydrogen projects
Ohmium International Inc., a leading manufacturer of high-efficiency, modular Proton Exchange Membrane (PEM) electrolyzers, and Hynfra P.S.A., a prominent green hydrogen and green ammonia project developer, today announced the signing of a master cooperation agreement to advance green hydrogen projects…
Veolia opens new composting and biomass plant in Spain
Veolia S.A. (Paris) has inaugurated a new composting and biomass plant in Fuentes de Ebro, Zaragoza, Spain consolidating an integrated model for waste recovery and renewable energy production based on local resources. The facility operates across two complementary lines of activity.…
Utility Global and SAMJIN sign agreement for hydrogen project in Daejeon, South Korea
Utility Global, Inc. (Houston) and SAMJIN E&I, a Korean industrial manufacturing and project development company, announced an engineering services agreement for Utility’s H2Gen project in Daejeon, South Korea. This follows the recently announced strategic collaboration agreement with SAMJIN and enables…
Covestro kicks off project to develop continuous bio-based aniline production
Covestro AG (Leverkusen, Germany) has launched Bio4PURConti (Bio-Based Continuous Production for Sustainable Polyurethane Industry), acting as project coordinator of the pioneering EU-funded initiative. The project aims to develop the world's first continuous production process for bio-based aniline. Aniline is a…
Synthomer to divest Czech acrylate monomers business to Mutares
Synthomer Plc (London, U.K.) announced an agreement to divest Synthomer a.s., the operating company for its Acrylate Monomers business based in the Czech Republic, to Mutares SE & Co. KGaA, a German listed private equity-style company focused on companies in…
Evonik to sell select pharmaceutical ingredients assets in Hanau
Evonik Industries AG (Essen, Germany) is selling selected production assets for pharmaceutical ingredients in Hanau, Germany to the contract manufacturer ProChem Group. The transaction supports the growth strategy of Evonik’s Health Care business. By acquiring the facilities, the ProChem Group…
Major carbon-utilization facility opens in Australia
Orica Ltd. (Vitcoria, Australia) announced the opening of a world-leading carbon utilization facility adjacent to its Kooragang Island site, developed by MCi Carbon with Orica support. The facility marks a major milestone in the development of technologies to decarbonize heavy…
Sonatrach and VNG sign MoU for development of green-hydrogen projects
Sonatrach (Algiers, Algeria), the state-owned energy company of Algeria, announced that it signed a memorandum of understanding (MoU) with German utility firm VNG AG to explore cooperation in green hydrogen development and methane emissions reduction, according to a company statement.…