PT Chandra Asri Petrochemical Tbk (Chandra Asri; Jakarta, Indonesia) and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have signed a Memorandum of Understanding (MoU) to collaboratively develop a world-scale chlor-alkali plant in Indonesia. INA, along with other potential international…
Cepsa (Madrid, Spain) and Bio-Oils, Apical’s biofuels entity in Huelva, have created a joint venture to promote the production of second generation (2G) biofuels through the construction of the largest plant in southern Europe, announced by Cepsa last March. The…
Evonik Industries AG (Essen, Germany) is investing in a pilot electrolyzer at its site in Herne (Germany) to produce green hydrogen as a starting product for isophorone diamine (IPDA), a key raw material for rotor blades for wind turbines. In…
LG Chem (Seoul, South Korea) is reinforcing its battery materials supply chain by joining hands with China’s Huayou Cobalt to build a precursor plant in Saemangeum National Industrial Complex, located 230 kilometers southwest of Seoul, Korea. LG Chem announced that…
The preliminary value for the CE Plant Cost Index (CEPCI) for February 2023 (most recent available) fell compared to the previous month’s value, continuing a series of eight consecutive monthly decreases in the CEPCI overall value. However, the final value…
Competitiveness in the modern commercial environment increasingly depends on leveraging digitalization technologies and approaches, including advanced data analytics, artificial intelligence, sensor and device connectivity, edge- and cloud-computing strategies, augmented reality, and others. Focused on the chemical process industries (CPI) and…
Braskem S.A. (São Paulo, Brazil) has partnered with New Iridium, a startup based in Colorado. This initiative, and others in development, aim to advance technologies to convert CO2 generated by industrial operations. The partnership with New Iridium focuses on CO2…
Emerson Electric Co. (St. Louis, Mo.) and National Instruments Corp. (NI; Austin, Tex.) announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2…
Evonik Industries AG (Essen, Germany) is doubling its global capacity for VESTAMID E polyether block amide (PEBA), with a twofold approach, including a major expansion of its production plant at the Multi-User-Site (MUSC) in Shanghai, and an optimization project at…
Toray Industries, Inc. (Tokyo) has developed what is said to be the world’s first mass-production technology for rare-earth-free zirconia balls. The highly durable balls could grind and mill ceramic materials for multilayer ceramic capacitors (MLCCs) and electrode materials for lithium-ion…