Green hydrogen is a clean and renewable fuel that has the potential to play a major role in decarbonising many industries. It is leading a clean, low-carbon energy transition from hydrocarbon to low-carbon hydrogen. However, there are still a number…
ABB, Inc. (Zurich, Switzerland) and Northvolt AB (Stockholm, Sweden) are further strengthening their long-standing collaboration in the field of green batteries, an increasingly critical part in the ongoing energy transition. Since 2017, ABB has already delivered key electrification and automation…
Andritz (Graz, Austria) has supplied its first carbon capture plant to the steel industry. The pilot plant started operating at voestalpine’s steel mill in Linz, Austria, in the second quarter of this year. The plant separates carbon dioxide from the…
Neste Corp. (Espoo, Finland) has entered a cooperation with Suntory, ENEOS Corp. (Tokyo, Japan) and Mitsubishi Corp. (Tokyo) to enable the production of PET (Polyethylene Terephthalate) resin made with renewable Neste RE on a commercial scale. Neste RE is Neste’s…
DuPont (Wilmington, Del.) announced a definitive agreement to sell an 80.1% ownership interest in the Delrin acetal homopolymer (H-POM) business to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in…
thyssenkrupp Uhde (Dortmund, Germany) has been selected by Grupa Azoty S.A. (Tarnów, Poland) to supply a new ammonium nitrate neutralization plant. Grupa Azoty S.A. is a key player on the European fertilizer and chemicals market and the second largest EU-based…
Braskem S.A. (São Paulo, Brazil) and SCG Chemicals plc (SCGC; Bangkok, Thailand) have signed a joint venture (JV) agreement to create Braskem Siam Company Limited. Subject to clearance from the relevant anti-trust authorities and final investment decision by the partners,…
Occidental Corp. (Oxy; Houston) announced that a wholly owned subsidiary has entered into a definitive purchase agreement to acquire all the outstanding equity of Carbon Engineering Ltd. for total cash consideration of approximately $1.1 billion, to be made in three…
Emerson (St. Louis, Mo.) announced a definitive agreement to acquire FLEXIM Flexible Industriemeßtechnik GmbH (Berlin, Germany), a global leader in clamp-on ultrasonic flow measurement for liquids, gases and steam. Flexim brings highly differentiated, complementary technology and strong customer relationships to…
Covestro AG (Leverkusen, Germany) has developed an innovative process for recycling polycarbonate, i.e. polychain plastics. In this process, plastics are converted back into their monomers, a precursor of plastics, so that they can be fed back into the production process…