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Latest News: Business

Zeeco launches Advanced Research Complex for combustion and pollution-control applications

Zeeco (Broken Arrow, Okla.) has launched the Advanced Research Complex (ARC), the newest addition to its Global Technology Center (GTC), in Broken Arrow, Oklahoma. The GTC is also home to the world’s largest industrial-scale combustion research and test facility. Company…

OLI Systems awarded grant to develop CO2 pipeline asset-integrity models

OLI Systems, Inc. (Parsippany, N.J.) has been awarded a Phase I Small Business Innovation Research (SBIR) grant by the U.S. Department of Energy (DOE). This award will enable the development of OLI's CO₂ Transport Asset Integrity Model, an innovative solution…

Lummus announces first commercial deployment of new SAP technology

Lummus Technology (Houston) announced an award from SHCCIG Yulin Chemical Co., Ltd., a subsidiary of the SHCCIG Group, for its superabsorbent polymer (SAP) technology. This marks the first commercial deployment of Lummus' SAP technology since it was added to the…

Wood completes comprehensive lifecycle assessment for ADNOC Refining aviation-fuels production

Wood Group plc (Aberdeen, Scotland) has confirmed ADNOC Refining’s capability to produce Lower Carbon Aviation Fuel (LCAF), paving the way for its future alignment with International Civil Aviation Organization’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), once…

Black & Veatch to build battery energy storage system in the U.K.

Black & Veatch (Overland Park, Kan.) has been selected by two U.K.-based companies as the Owner’s Engineer (OE) and Technical Advisor (TA) on battery energy storage solution (BESS) projects that will store up to 200MWh. In 2023, the U.K. government…

ArcelorMittal to build new electrical steel manufacturing plant in Alabama

ArcelorMittal S.A. (Luxembourg) announced that it is proceeding with plans to build an advanced, non-grain-oriented electrical steel (NOES) manufacturing facility in Alabama. The new facility, wholly owned by ArcelorMittal, will be capable of producing up to 150,000 metric tons of…

Mitsubishi Chemical Group sells its pharmaceutical business

Mitsubishi Chemical Group Corp. (MCG; Tokyo) announced that it has decided to transfer its consolidated subsidiary Mitsubishi Tanabe Pharma Corp. (MTPC; Osaka, Japan), which manufactures and sells pharmaceutical products, to K.K. BCJ-94, a company indirectly owned by funds advised by…

Johnson Matthey and Bosch enter agreement to develop and produce fuel-cell catalyst materials

Johnson Matthey plc (JM; London) and Bosch  GmbH (Gerlingen, Germany) have agreed terms to accelerate future projects together. This agreement confirms both parties’ intentions to develop and produce catalyst coated membranes (CCM) for use in fuel cell stacks. Transforming and…

ABB and Bilfinger joining forces to boost instrumentation and digital efficiencies

ABB Inc. (Zurich, Switzerland) has signed a Memorandum of Understanding (MoU) and a Framework Agreement with international industrial services provider Bilfinger SE (Mannheim, Germany) to collaborate on instrumentation and digital solutions boosting operational efficiencies in the energy and process industries.…

Direct-ocean carbon-capture pilot plant starts up in Hawaii

Captura Corp.  (Pasadena, Calif.) announced the start of operations at its latest pilot plant, capable of capturing 1,000 tons of carbon dioxide (CO2) annually.  Located in Kona, Hawaii, and developed in partnership with multinational energy company Equinor, the facility marks…