Celanese Corp. (Dallas, Tex.) announced that it has completed the divestiture of the Micromax® business to Element Solutions Inc. Celanese received approximately $500 million in cash from the transaction, and the proceeds will be deployed to support the Company’s deleveraging…
Chiyoda Corp. (Yokohama, Japan) has been awarded an Engineering, Procurement and Construction (EPC) contract by Idemitsu Kosan Co., Ltd. (Idemitsu) for a large solid electrolyte pilot plant, aimed at the practical application of All-Solid-State lithium-ion batteries. A strategic partnership has…
Covestro AG (Leverkusen, Germany) has successfully completed a major debottlenecking project at its TDI (toluene diisocyanate) production facility in Shanghai, China. The company has increased the annual production capacity from 310,000 to 370,000 metric tons, representing a 20 percent expansion…
CarbonStorage.io (Houston, Tex.; www.carbonstorage.io) today announced the public launch of its carbon capture and storage (CCS) intelligence platform, providing real-time global tracking of low-carbon infrastructure projects, including CCS, direct air capture (DAC), hydrogen, e-fuels, and CO₂ pipeline networks. The platform…
Global specialty chemicals leader Nouryon Ltd. (Amsterdam, the Netherlands; www.nouryon.com) today announced the launch of FinnFix® PB MAX, the cleaning industry’s first carboxymethylcellulose (CMC) with a 100% renewable carbon index score, enabling laundry detergent consumer brands to significantly reduce the carbon…
Cabot Corporation (Boston, Mass.; www.cabotcorp.com) today announced that it has successfully completed its acquisition of Mexico Carbon Manufacturing S.A. de C.V. (MXCB) from Bridgestone Corporation (Tokyo, Japan; www.bridgestone.com). The transaction follows the announcement of a definitive agreement in August and…
MAIRE (Milan, Italy; www.groupmaire.com) announced today that TECNIMONT (Integrated E&C Solutions) and Baker Hughes (Houston, Tex.; www.bakerhughes.com), an energy technology company, have signed a non-exclusive memorandum of understanding (MoU) to explore cooperation opportunities on prospective modularized, scalable liquefied natural gas…
Dow Chemical Co. (Midland, Mich.; www.dow.com) announced a comprehensive plan to simplify how it operates and streamline its end-to-end processes. The Company will also reset its cost structure and modernize how it serves customers. Transform to Outperform targets the addition…
MOL Group (Budapest, Hungary; www.molgroup.info) has entered into a new strategic partnership with Libya’s National Oil Corporation (NOC; Tripoli, Libya; www.noclibya.com.ly). The Memorandum of Understanding sets the foundation for cooperation in hydrocarbons exploration, technological innovation and crude trading. The memorandum…
Aduro Clean Technologies Inc. (London, Ont., Canada; www.adurocleantech.com) today announced it has selected Chemelot Industrial Park in Sittard-Geleen, Netherlands, located within the Chemelot chemical site, as the location for its planned industrial scale-up facility. The facility will host a First-of-a-Kind…