3 Rivers Capital (Pitt has acquired Magnum Systems (Lenexa, Kan.) marking the Pittsburgh-based private equity firm’s first investment in the Industrial Automation industry. “Our acquisition of Magnum Systems reflects 3 Rivers Capital’s thesis-driven investment strategy focused on the Industrial Automation…
The preliminary value for the CE Plant Cost Index (CEPCI) for December 2022 (most recent available) fell compared to the previous month’s value. The current decrease is the sixth consecutive monthly decline, following a long string of increases between November…
Arlanxeo (Maastricht, the Netherlands) announced the opening of a new polybutadiene (BR) production line in Brazil. The new production line supplements Arlanxeo’s existing production capacity in Brazil with an additional 65,000 metric tons per year (m.t./yr), and reinforces the company’s…
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of what is said to be the most environmentally sustainable cracker in Europe, Project ONE. This is the largest investment in the European chemical…
Umicore N.V. (Brussels, Belgium) is starting the industrialization of its leading manganese-rich HLM (high lithium, manganese) cathode active materials (CAM) technology and targets commercial production and use in electric vehicles (EVs) in 2026. This major milestone introduces a distinctly competitive…
LyondellBasell Industries N.V. (Rotterdam, the Netherlands) and KIRKBI A/S, the family-owned holding and investment company of the LEGO brand, announce they have signed an agreement to make an investment in APK Group, which specializes in a unique solvent-based recycling technology…
Coolbrook Oy (Helsinki, Finland) and Braskem S.A. (São Paulo, Brazil) have announced the signing of a cooperation agreement. As part of its commitment to implementing new technologies and solutions that drive sustainable development and, especially, combat climate change, Coolbrook and…
Sasol Chemicals will deliver a first fill of its latest Fischer-Tropsch (FT) catalyst free of charge to Ineratec, in one of several recent commitments to promising renewable projects. The FT catalyst will be used in the lighthouse project the Karlsruhe-based…
Saint-Gobain North America, through its building products subsidiary CertainTeed Roofing, has acquired the rights to technology from recycling partner Asphaltica that will allow the company to recycle asphalt shingle waste, diverting it from landfill and furthering the company’s commitment to…
Técnicas Reunidas S.A. (TR; Madrid, Spain) announced that it is leading the development of a research project focused on the recovery of minerals and metals considered as critical raw materials, key for the technology sector and the ecological transition. The…