Latest News: Business
BASF agrees to sell silicates business to U.S. firm PQ
BASF SE (Ludwigshafen, Germany) and PQ (Malvern, Pa.) have signed an agreement for the sale of BASF’s silicates business, including assets at the Düsseldorf/Holthausen site to PQ. Subject to customary closing conditions such as regulatory approvals, the transaction is expected…
Sika opens new manufacturing plant for mortar products in New Jersey
Sika AG (Baar, Switzerland) has opened a new, modern production facility for mortar products in Bridgeton, New Jersey, the largest in the United States. This highly automated site allows Sika to significantly expand its manufacturing capacities in the northeastern part…
EnergyX and Compass Minerals enter agreement to explore commercial lithium-extraction facility in Utah
Energy Exploration Technologies, Inc. (EnergyX; Austin, Tex.) announced that it has entered into a Memorandum of Understanding with Compass Minerals (Overland Park, Kan.), a global leader in the production of essential minerals. Per the agreement, the companies will explore the…
Chevron sells several downstream businesses in Asia-Pacific to Eneos
Eneos Corp. (Tokyo) announced that it has entered into Share Purchase Agreements (SPAs) with various indirect subsidiaries of Chevron Corp. (Houston, Tex.) to acquire 100% of Chevron’s downstream fuels and lubricants marketing businesses in Singapore, Malaysia, the Philippines, Australia, Vietnam…
Milestone green-ammonia project begins production in Japan
KBR, Inc. (Houston) announced the start of green-ammonia production at JGC Holdings Corp.'s (Yokohama, Japan) plant utilizing KBR’s K-GreeN® technology, marking a significant milestone in the success of Japan’s journey towards a clean energy future. The plant, sponsored by New…
Mantel and Wood join forces to scale high-temperature carbon-capture projects
Carbon-capture technology provider Mantel Capture announced a Memorandum of Understanding (MOU) with Wood plc (Aberdeen, U.K.), a global leader in consulting, engineering and operations. Under the agreement, Mantel has designated Wood as its Preferred Technology Provider for fired equipment integration…
Sunfire to build electrolysis test facility at BASF site in Schwarzheide
Sunfire SE (Dresden, Germany) announced that it is joining the Industriepark Lausitz in Schwarzheide, Germany as a new innovation-driven partner. The hydrogen company will build a test facility at the industrial park to further validate its highly efficient solid oxide…
SkyKraft JV awarded 21 million euros to advance eSAF project in Sweden
SkyKraft (www.skykraft.se), the joint venture between SkyNRG (Amsterdam, the Netherlands; www.skynrg.com) and the Swedish power company Skellefteå Kraft (Skellefteå, Sweden; www.skekraft.se), has been awarded around €21 million. from the Swedish Energy Agency’s Industriklivet Initiative (www.industriklivet.se). While Project SkyKraft is grounded…
Eni completes investment in Canadian battery-materials firm NMG
Eni S.p.A. (Rome, Italy) announced the closing of the equity investment in Nouveau Monde Graphite Inc. (NMG), a Canadian company listed on the Toronto Stock Exchange and the New York Stock Exchange, operating in the natural graphite and advanced battery…
Zeon to increase dicyclopentadiene production capacity
Zeon Corp. (Tokyo) has decided to invest in a new facility at the GPI plant, located inside the Mizushima Plant. This will increase the production capacity of dicyclopentadiene (DCPD) by approximately 20% from current levels. DCPD is the main raw…