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Ineos sells composites business for €1.7 billion
INEOS Enterprises Ltd. (London) has entered into an agreement for the sale of the INEOS Composites business to KPS Capital Partners, LP (KPS) for an estimated consideration of around €1.7 billion at completion. The business has combined sales of more…
ABB completes acquisition of Aurora Motors
ABB Ltd. (Zurich, Switzerland; www.abb.com) announced today it has completed the acquisition of Aurora Motors. The transaction was originally announced on November 4, 2024, and financial terms were not disclosed. Aurora Motors is a $4 million U.S. vertical pump motors…
First-of-a-kind hydrogen project employs thermal-plasma electrolysis in cement production
Cemex Ventures, Cemex’s corporate venture capital (CVC) and open innovation unit, announced an initial clean-hydrogen deployment at industrial scale with HiiROC (Hull, U.K.) at its Rugby cement plant in the U.K. Hydrogen has emerged as a low-carbon energy source within…
CSIRO solid-oxide electrolyzer pilot demonstrates efficiency and durability at Bluescope Steel Plant
CSIRO (Melbourne), Australia’s national science agency, has successfully trialled its game-changing hydrogen production technology at BlueScope’s Port Kembla Steelworks in New South Wales, demonstrating affordable and renewable hydrogen can be generated at scale to help decarbonize heavy industry. CSIRO’s tubular…
Pilbara Minerals and POSCO complete construction of South Korea’s first lithium hydroxide plant
Pilbara Minerals (West Perth, Australia) and POSCO Holdings (Pohang-si, South Korea) recently held a ceremony marking the completion of construction of Train 2 of the joint Lithium Hydroxide Monohydrate Chemical Facility (Facility), which comprises Train 1 and Train 2, was…
Elkem secures €1.8 million grant to explore CO2-free silicon production
Elkem ASA (Oslo, Norway) has secured €1.8 million in funding from the European Union for the groundbreaking Elkem Sicalo (Silicon production with carbon looping) project, which aims to eliminate all CO2 emissions from silicon production. Elkem, SINTEF and NORCE are…
UBE to increase production capacity for high-purity nitric acid for semiconductor applications
UBE Corp. (Tokyo) announced that it has decided to increase production capacity of high-purity nitric acid at the Ube Chemical Factory in Yamaguchi Prefecture,Japan, in order to meet a further increase in demand in the future. The new equipment construction…
Givaudan inaugurates expanded production facility in Mexico
Givaudan (Zurich, Switzerland) announced the inauguration of its newly expanded production facility at the Pedro Escobedo site in Mexico. The investment in the new extension underscores Givaudan’s commitment to enhancing its encapsulation technologies and meeting the growing demands of its…
Topsoe and Aramco to jointly develop blue-hydrogen project in Saudi Arabia
Topsoe A/S (Lyngby, Denmark) and Aramco (Dhahran, Saudi Arabia) have signed a joint development agreement (JDA) to produce low-carbon hydrogen, also referred to as blue hydrogen, using Topsoe’s ground-breaking eREACT technology in Aramco’s Shaybah NGL facility. The JDA underlines the…
Corteva and bp plan JV for biofuel feedstocks
Corteva Inc. (Indianapolis, Ind.) announced a collaboration with bp (London) on the companies’ shared intent to form a crop-based biofuel feedstock joint venture (JV). The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help…