Asahi Kasei Corp. (Tokyo) has completed the construction of its second plant for Ceolus microcrystalline cellulose (MCC) at its Mizushima Works in Kurashiki, Okayama, Japan, in January 2023. With the new facility, the company underlines its commitment to meet the…
Evonik Industries AG (Essen, Germany) has modernized and expanded probiotics production at its site in León, Spain, laying the foundations for further growth in the Gut Health Solutions business. The capacity for producing Ecobiol, Fecinor and GutCare has been more…
ExxonMobil Corp. (Houston) is collaborating with Honeywell International Inc. (Charlotte, N.C.) and Topsoe A/S (Lyngby, Denmark) on its landmark low-carbon hydrogen project in Baytown, Tex. ExxonMobil will deploy one of Honeywell's carbon capture technologies – Honeywell's CO2 Fractionation and Hydrogen…
Evonik Industries AG (Essen, Germany) has entered into an agreement with the German biotech company AMSilk to produce industrial quantities of innovative, sustainable silk proteins. The silk can be used in a broad range of applications including high-quality fashion, smart…
Digital quantum-computing company SEEQC (Elfsford, N.Y.) and BASF SE (Ludwigshafen, Germany) announced a partnership to explore the application of quantum computing in chemical reactions. This research will specifically explore the potential of quantum in dissolved catalysts, otherwise known as homogeneous…
3 Rivers Capital (Pitt has acquired Magnum Systems (Lenexa, Kan.) marking the Pittsburgh-based private equity firm’s first investment in the Industrial Automation industry. “Our acquisition of Magnum Systems reflects 3 Rivers Capital’s thesis-driven investment strategy focused on the Industrial Automation…
The preliminary value for the CE Plant Cost Index (CEPCI) for December 2022 (most recent available) fell compared to the previous month’s value. The current decrease is the sixth consecutive monthly decline, following a long string of increases between November…
Arlanxeo (Maastricht, the Netherlands) announced the opening of a new polybutadiene (BR) production line in Brazil. The new production line supplements Arlanxeo’s existing production capacity in Brazil with an additional 65,000 metric tons per year (m.t./yr), and reinforces the company’s…
INEOS Olefins Belgium has announced it has raised €3.5 billion to support the construction and operation of what is said to be the most environmentally sustainable cracker in Europe, Project ONE. This is the largest investment in the European chemical…
Umicore N.V. (Brussels, Belgium) is starting the industrialization of its leading manganese-rich HLM (high lithium, manganese) cathode active materials (CAM) technology and targets commercial production and use in electric vehicles (EVs) in 2026. This major milestone introduces a distinctly competitive…