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Latest News: Business

Dow acquires plastics-recycling firm Circulus

Dow (Midland, Mich.) announced it has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR). This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity…

Technip Energies awarded contract for IOCL’s naphtha cracking unit at Paradip, India

Technip Energies (Paris) has been awarded a significant contract by Indian Oil Corporation Limited (IOCL; Mumbai) for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1,500,000-ton/yr Paradip naphtha cracker unit (PDNCU) block…

Construction begins on Italy’s electrolyzer gigafactory

De Nora Italy Hydrogen Technologies S.r.l., a subsidiary company of Industrie De Nora S.p.A (Milan, Italy) started the construction works of the Gigafactory, which will become Italy’s largest electrolyzer production hub, with a projected capacity of 2GW equivalent by 2030.  …

OMV Petrom announces $750-million investment in sustainable fuels production

OMV Petrom S.A. (Bucharest, Romania) will invest approximately EUR 750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region. The company has made the final investment decision to build a SAF/HVO…

Solvay and Cyclic Materials sign supply agreement for recycled mixed rare-earth oxide

Solvay S.A. (Brussels, Belgium) and Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, announced the signing of an agreement for the supply of recycled mixed rare earth oxide…

Transform Materials and Johnson Matthey collaborate on more sustainable routes for PVC manufacturing

Transform Materials has joined forces with Johnson Matthey plc in a new partnership that will see scientists and engineers at both companies apply their combined expertise with the aim of revolutionizing vinyl chloride monomer (VCM) production through a novel, lower-carbon-emission,…

Topsoe technology selected by Canadian startup Braya Renewable Fuels

Topsoe A/S (Lyngby, Denmark) is supplying its HydroFlex technology to Canadian startup Braya Renewable Fuels, who converted a former petroleum refinery to produce renewable diesel in Come By Chance, Canada. Braya has plans to increase capacity in phase two of…

BASF and WHW Recycling to collaborate on recycling battery materials

BASF SE (Ludwigshafen, Germany) and WHW Recycling GmbH (WHW Recycling) have entered an agreement on the processing of cathode and anode waste to make battery cell production in Europe more sustainable. WHW Recycling, a joint venture between Walch Holding and…

Solugen announces $213-million DOE loan guarantee to construct biomanufacturing plant in Minnesota

Solugen Inc. (Houston; www.solugen.com) has secured a conditional commitment for a $213.6 million loan guarantee from the U.S. Department of Energy (DOE) Loan Programs Office (LPO). This financing will support the construction of the Bioforge Marshall facility in Southwest Minnesota,…

McDermott selected by Abraxas Power for Canada’s first commercial green hydrogen and ammonia production facility

McDermott International, Inc. (Houston) has been awarded an Early Contractor Involvement (ECI) agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation (EVREC) project located in Central Newfoundland. The project represents Canada's first commercial green hydrogen and ammonia…