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Latest News: Business

Honeywell confirms intent to split into three separate companies

Honeywell International, Inc. (Charlotte, N.C.) announced  that its Board of Directors completed the comprehensive business portfolio evaluation launched a year ago by Chairman and CEO Vimal Kapur and intends to pursue a full separation of Automation and Aerospace Technologies. The…

BP announces intent to sell its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany

BP Europa SE announced its intention to market its Ruhr Oel GmbH – BP Gelsenkirchen operation in Germany for potential sale. Its assets include the bp refinery in Gelsenkirchen and DHC Solvent Chemie GmbH in Mülheim an der Ruhr.   The…

Metso awarded lifecycle contract for new phosphate beneficiation plant Jordan

Metso Corp. (Espoo, Finland) and Ideal Development for Manufacturing Industries (IDMI) have signed a 2-year lifecycle contract covering a new phosphate beneficiation plant at the Eshidiya Mine, south of Jordan. Metso will support the customer in commissioning, ramping up and…

Worley wins engineering contract for Power2X eFuels Rotterdam project

Power2X (Amsterdam, the Netherlands) has contracted Worley Ltd. (North Sydney, Australia) to provide engineering and project management services for its eFuels Rotterdam project – a world-scale production facility for sustainable aviation fuel (e-SAF) and ultra-low carbon fuels. The Power2X production facility…

Thyssenkrupp Uhde and Novonesis launch new enzymatic esterification technology

 Thyssenkrupp Uhde GmbH (Dortmund, Germany), in partnership with Novonesis Group (Lyngby, Denmark), announced the launch of their joint offering: Uhde Enzymatic Esterification. This new technology bears the potential to revolutionize ester production by significantly reducing energy consumption and enhancing product…

Plug Power launches industry’s first spot pricing program for green hydrogen

Plug Power Inc. (Latham, N.Y.) has introduced the first-ever spot pricing program for liquid green hydrogen, marking a major step forward in the industry. Hydrogen buyers now have the freedom to purchase liquid green hydrogen from Plug’s production plants on-demand…

Veolia and Mistral AI collaborating on generative AI for environmental management

 Veolia (Paris) and Mistral AI, a specialist in generative artificial intelligence, have announced a strategic partnership aimed at transforming the management and monitoring of industrial sites for water management, waste recycling and local energy production. By combining Mistral AI’s cutting-edge…

Blue Biofuels acquires land for large-scale renewable fuels plant in Florida

Blue Biofuels, Inc. (Palm Beach Garden, Fla.) has announced the signing of an agreement to acquire 35.5 acres of land in Frostproof, Florida, marking a significant milestone in the company’s commercialization efforts.  The site will house a new production facility…

Trelleborg agrees to acquire Aero-Plastics Inc.

Trelleborg Group AB (Trelleborg, Sweden) has, through its Trelleborg Sealing Solutions business area, has signed an agreement to acquire the U.S. company Aero-Plastics Inc. The company specializes in attractive, high-performance plastics and interior segments for the aerospace industry. Aero-Plastics was…

3M joins consortium to accelerate semiconductor technology in the U.S.

3M, Inc. (St. Paul, Minn.) is expanding its commitment to the semiconductor industry by joining the US-JOINT Consortium, a strategic partnership of 12 leading semiconductor suppliers. The consortium drives research and development in next-generation semiconductor advanced packaging and back-end processing technologies…