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Latest News: Business

Nextchem awarded two new contracts in China’s fertilizer industry

MAIRE S.p.A. (Milan) announced that NEXTCHEM, through its nitrogen technology licensor Stamicarbon, has been awarded two contracts in China, leveraging its proprietary technology portfolio and reinforcing its commitment to delivering practical, efficiency-driven solutions to meet the evolving needs of the…

Air Liquide completes the acquisition of DIG Airgas

Air Liquide S.A. (Paris) announced the successful completion of the DIG Airgas acquisition, a leading integrated gas player in South Korea. This marks a new significant milestone for the Group, 10 years after the major acquisition of Airgas in the…

Arkema starts up new polyamide production unit in Singapore

Arkema S.A. (Paris la Defense, France) announced that its new Rilsan® Clear transparent polyamide production unit, located on its Singapore platform, is now fully operational. This milestone strengthens Arkema’s leadership in high-performance polymers, giving the Group the largest transparent polyamides…

Duke Energy unveils end-to-end system for green hydrogen production and storage

Duke Energy Florida, a subsidiary of Duke Energy (Charlotte, N.C.; www.duke-energy.com), unveiled its DeBary Hydrogen Production Storage System in Volusia County (Fla.), the first demonstration project in the United States capable of using an end-to-end system to produce, store and…

Outokumpu and Norsk e-Fuel collaborating to convert steelmaking sidestreams into SAF

Stainless steel manufacturer Outokumpu (Helsinki, Finland) and Norsk e-Fuel AS (Oslo, Norway) have signed a Memorandum of Understanding (MoU) to work together towards realizing a CO-to-SAF (Sustainable Aviation Fuel) production plant to be located next to Outokumpu’s stainless steel mill…

Kemira completes acquisition of Ohio-based AquaBlue

Kemira Oyj (Helsinki, Finland) has completed the acquisition of AquaBlue, Inc., a privately-owned company based in Ohio, USA. The deal, valued at under $10 million, strengthens Kemira’s position in North America and supports its growth in industrial water treatment services…

Metso to build a new production plant in China for rubber products

 To meet growing demand and improve service for its regional customers, Metso Corp. (Espoo, Finland) is investing in a new rubber products plant in Quzhou, Zhejiang Province, China. The new factory will offer rubber and Poly-Met mill linings, as well…

Trelleborg bolsters liquid silicone rubber portfolio with acquisition in Austria

Trelleborg Group AB (Trelleborg, Sweden), through its business area Trelleborg Sealing Solutions, has signed an agreement and finalized the acquisition of the Austrian company Nexus Elastomer Molds GmbH. The company provides advanced, customized tooling solutions and automated manufacturing cells, primarily…

SABIC to divest European petrochemicals business for $950 million

The Saudi Basic Industries Corporation (SABIC; Riyadh, Saudi Arabia) announced the signing of two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES, for a…

Borouge completes proof-of-concept on AI-enabled autonomous operations in collaboration with Honeywell

Borouge Plc (Abu Dhabi, United Arab Emirates; www.borouge.com) today announced the successful completion of a proof of concept for AI-powered autonomous operations at its Ruwais facility, delivered in collaboration with Honeywell (Charlotte, N.C.; www.honeywell.com). The milestone supports Borouge’s strategy to…