Mobile Navigation

Latest News: Business

Evonik to expand sodium methylate production plant in Argentina

Evonik Industries AG (Essen, Germany) has announced the expansion of its sodium methylate production capacity at its Rosario plant, located in the Sante Fé Province in Argentina. With this expansion, the company strengthens its position as a leader in the…

Lummus and MOL Group start design of advanced waste-plastic recycling facility

  Lummus Technology (Houston; www.lummustechnology.com), a global provider of process technologies and value-driven energy solutions, and MOL Group (Budapest, Hungary; www.molgroup.info), the leading integrated Central Eastern European oil and gas corporation, announced the commencement of the design phase for the…

World-first trial for recycling carbon dioxide from steel production begins at ArcelorMittal facility

ArcelorMittal SA (Luxembourg; www.arcelormittal.com) and Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo; www.mhi.com) are working with a climate tech company, D-CRBN (Antwerp, Belgium; www.d-crbn.com), to trial a new technology to convert CO2 captured at ArcelorMittal’s plant in Gent, Belgium into carbon…

Corporate researchers embrace artificial intelligence, but concerns remain, new survey suggests

A new survey of 300 corporate researchers in industries including pharmaceuticals, life sciences and chemicals has been published by Elsevier B.V. (Amsterdam, the Netherlands; www.elsevier.com), a global leader in scientific information and data analytics. The 2024 Elsevier Attitudes on AI…

Honeywell to acquire Air Products’ LNG business for $1.8 billion

Honeywell (Charlotte, N.C.) and Air Products (Lehigh Valley, Pa.) jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated…

ZymoChem launches first bio-based and biodegradable super absorbent polymer

Biotech company ZymoChem  (San Leandro, Calif.) announced the launch of BAYSE, the world's first scalable, 100% bio-based, and biodegradable Super Absorbent Polymer (SAP). This product is set to revolutionize the $145 billion global hygiene industry and pave the way for…

ENTEK receives DOE loan commitment for new plant to produce lithium-ion battery separators in Indiana

ENTEK (Lebanon, Ore.), a U.S.-based producer of ‘wet-process’ lithium-ion battery separator materials, announced that it has received a conditional commitment of up to $1.2 billion for a direct loan to ENTEK Lithium Separators LLC (ENTEK) from the U.S. Department of…

KBR launches integrated technology suite for decarbonizing catalytic olefins processes

KBR, Inc. (Houston) is pleased to launch KCOTKlean, a suite of low and zero-carbon technologies aimed at decarbonizing the catalytic olefins process. This technology integrates KBR’s Catalytic Olefins technology, K-COT, with Korea Institute of Machinery and Materials’ (KIMM) CPOx technology. …

Kemira expands ferric chloride capacity in Spain in response to growing demand in biogas applications

Kemira Oyj (Helsinki, Finland) has announced an investment in expanding its ferric chloride capacity in Tarragona, Spain, to enable production of specific biogas products BDP (Biogas Digestion Product). This investment will enable Kemira to respond to the growing market demand…

TotalEnergies acquires used-oil regeneration specialist Tecoil

TotalEnergies S.A. (Paris) announced the acquisition of Tecoil, a Finnish company specialized in the production of Re-Refined Base Oils (RRBOs), which has the most efficient used oil regeneration process on the market today. Tecoil currently operates a production facility of…