ArcelorMittal announces it has invested $5 million in Utility Global, Inc. (Houston; www.utilityglobal.com), through its XCarb Innovation Fund. The Fund, launched in 2021, invests in companies developing disruptive technologies that have the potential to support the decarbonization of steelmaking. The…
Microsoft announced that it has entered into an agreement with Irish power company ESB that will see its data-center power control and administration building in Dublin be powered by zero emissions green hydrogen power. The landmark pilot project is the…
Advanced materials provider Momentive Technologies (Strongsville, Ohio) has completed the acquisition of Sibelco’s spherical alumina and spherical silica businesses located in South Korea. The acquisition broadens Momentive Technologies’ ceramics powder product portfolio and strengthens its innovative work on thermal fillers…
Honeywell International, Inc. (Charlotte, N.C.) announced the completion of its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This further expands the comprehensive suite of top-tier solutions Honeywell…
Covestro AG (Leverkusen, Germany; www.covestro.com) today signed an Investment Agreement with certain entities of the ADNOC Group (Abu Dhabi, United Arab Emirates; www.adnoc.ae), including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other…
Evonik Industries AG (Essen, Germany) announced that Evonik Oxeno is significantly expanding its production capacities for the INA-based plasticizers, ELATUR CH (DINCH) and ELATUR DINCD. These products, introduced in recent years, have both now established themselves as new standard plasticizers…
Technip Energies (Paris) announces that the Long Son Petrochemicals Co., Ltd. (LSP) olefins plant in Long Son Island, Ba Ria-Vung Tau province, Vietnam, passed its final performance acceptance test. Technip Energies provided licensing, engineering, procurement, construction, commissioning, start-up and initial…
American Chemistry Council (Washington, D.C.; www.americanchemistry.com) president and CEO Chris Jahn issued the following statement regarding the impact of the strike at the U.S. East and Gulf Coast ports: “The chemical industry is one of the country’s largest shippers across…
Lummus Technology (Houston; www.lummustechnology.com) and Next Wave Energy Partners, LP (Houston; www.nextwaveenergy.com) announced the production of the world's first renewable alkylate. This renewable alkylate, derived from ethanol and produced through a series of Lummus' technologies, is a bio-based, low carbon…
Fujifilm Corp. (Tokyo) announced an investment of 20 billion yen in its semiconductor materials business to further strengthen its facilities for the development, production and quality evaluation of advanced semiconductor materials in Shizuoka and Oita, Japan. The total amount of…