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Latest News: Business

Saint-Gobain divests Freeglass business to HF Opportunities

Saint-Gobain S.A. (Courbevoie, France) has completed the sale of Freeglass GmbH & Co. KG, its business manufacturing exterior plastic components for the automotive industry, to HF Opportunities GmbH, a division of Hannover Finanz. The business, with its industrial plant located…

Saffire Renewables breaks ground on SAF manufacturing plant in Kansas

SAFFiRE Renewables, LLC (SAFFiRE) broke ground on its pilot plant at Conestoga Energy’s Arkalon Energy facility in Liberal, Kansas, marking a significant step in SAFFiRE’s journey to transform corn stover into an abundant low carbon feedstock for sustainable aviation fuel…

Cory partners with Shell Catalysts & Technologies and Technip Energies to advance carbon capture project

Waste-management and recycling company Cory Group (London) has announced a strategic partnership with Shell Catalysts & Technologies and Technip Energies on its planned carbon capture and storage (CCS) project. Cory is aiming to be net zero by 2030, and capturing…

Samsung SDI and General Motors finalize agreement to establish joint battery plant in the U.S.

Samsung SDI (Seoul, South Korea) announced that the company has completed and signed an agreement with General Motors (GM) to establish a joint venture to supply electric vehicle (EV) batteries in the United States. The ceremony was held at Samsung…

Bridgestone, Grupo BB&G and Versalis collaborating on closed-loop tire recycling

Bridgestone EMEA (Bridgestone), Grupo BB&G (BB&G) and Versalis (Eni) announced the signing of an agreement aimed at establishing a closed-loop ecosystem to transform end-of-life tires into new tires. The agreement will bring together the innovation, experience and technological skills of…

Prayon acquires calcium-phosphate manufacturer in the U.S.

Prayon S.A. (Engis, Belgium) has acquired the U.S.-based company Natural Enrichment Industries (NEI), a producer of calcium phosphate salts (TCP).  This strategic move marks a significant milestone in the Group expansion in the US and further solidifies its global position…

Adnoc acquires 35% stake in ExxonMobil’s low-carbon hydrogen project in Baytown

Exxon Mobil Corp. (Houston) announced the signing of an agreement that ADNOC (Abu Dhabi National Oil. Corp.) will acquire a 35% equity stake in ExxonMobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. The agreement represents a significant…

Indorama establishes joint venture to construct PET recycling plants in India

Indorama Ventures Ltd. (IVL; Bangkok, Thailand), through its direct subsidiary - IVL Dhunseri Petrochem Industries Limited - and Dhunseri Ventures Limited have formed a joint venture with Varun Beverages Limited, PepsiCo's second-largest bottling company globally outside the US, to establish…

AGC opens technical center for semiconductor and electronic chemicals in Taiwan

AGC, Inc. (Tokyo) has announced the opening of the AGC Chemicals Technical Center in Hsinchu, Taiwan, in October 2024. This center will provide technical services for chemical products focused on semiconductor and electronic materials. Taiwan plays a crucial role as…

Evonik opens new plant for sustainable emollients at its Steinau, Germany site

Evonik Industries AG (Essen, Germany; www.evonik.com) has officially inaugurated its new production plant for cosmetic emollients at its site in Steinau, Germany. These esters are manufactured using an enzymatic process. The double-digit million-euro plant will significantly increase Evonik’s production capacity…