BASF SE (Ludwigshafen, Germany) announced the inauguration of its second polymer dispersions production line at the Daya Bay site in Huizhou, China. This expansion directly responds to the rapidly growing local demand for high-quality dispersions, reaffirming BASF’s commitment to serving…
ConocoPhillips (Houston) and Marathon Oil Corp. (Houston) announced that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of…
ArcelorMittal and partners Mitsubishi Heavy Industries, Ltd. (MHI), BHP, along with Mitsubishi Development Pty Ltd (Mitsubishi Development) have successfully started operating a pilot carbon capture unit on the blast furnace off-gas at ArcelorMittal Gent in Belgium. The pilot carbon capture…
Hexcel Corp. (Stamford, Conn.) and Fairmat announced a 10-year agreement to recycle carbon fiber composite materials from Hexcel Salt Lake City for reuse in composite materials sold into various commercial markets. Fairmat, a leading international carbon fiber recycler and material…
Neste Corp. (Espoo, Finland) has further expanded its capability to supply sustainable aviation fuel to customers in Europe in cooperation with VTTI, a global leader in energy storage and developer of energy infrastructure. Neste commissioned terminal capacity at VTTI’s ETT…
ENEOS Corp. (Tokyo) and Preferred Networks, Inc. (PFN) announced that they started continuous autonomous operation of an atmospheric distillation unit for processing crude oil in January 2024. ENEOS also has an atmospheric distillation unit currently operated autonomously with an AI…
SUEZ Group (Paris) announced its acquisition of stakes in the innovative North American companies Airex Energy and Subeca, amounting to 8 million euros. These two investments in support of climate change adaptation and mitigation reinforce SUEZ’ innovation dynamic. They fall…
Ohmium International, a green-hydrogen company that designs, manufactures and deploys advanced Proton Exchange Membrane (PEM) electrolyzers, was selected to equip the first green hydrogen project in Croatia. Ohmium was selected to serve as the PEM electrolyzer supplier for IVICOM, a…
Air Products Membrane Solution (Lehigh Valley, Pa.) announced it will invest more than $70 million to significantly expand its manufacturing and logistics center in Maryland Heights, near St. Louis, Missouri. The investment, which is Air Products Membrane Solutions’ largest ever,…
Neste Corp. (Espoo, Finland), Marubeni Corp. and Resonac Corp. (Tokyo) have entered into a cooperative agreement to enable the production of renewable olefins and derivatives. The cooperation involves Neste RE™, a Neste-produced renewable raw material, being used to manufacture products…