Lanxess AG (Cologne, Germany) signed a contract to sell its Urethane Systems business to UBE Corp. (Tokyo). The enterprise value amounts to €460 million with expected proceeds of around €500 million. With this transaction Lanxess exits the last remaining polymer…
Electrolysis specialist Quest One, a subsidiary of MAN Energy Solutions, has opened its new ‘Gigahub’ for the serial and automated production of electrolysis stacks in Hamburg. In the presence of German Chancellor Olaf Scholz and Peter Tschentscher, First Mayor of…
TPC Group (Houston) announced that it has further increased its capacity to produce di-isobutylene (DIB), a primary product in the Company’s Specialty Products business unit, to supply the growing global demand for DIB. Last year, the company completed the initial…
LG Chem Ltd. (Seoul, South Korea) announced that its Platform Technology R&D team has developed a temperature-responsive Safety Reinforced Layer (SRL), a material designed to suppress thermal runaway. In collaboration with Professor Lee Minah's team from the Department of Battery Engineering…
SK pharmteco (Seoul, South Koreaa), a global contract development and manufacturing organization (CDMO), announced a major expansion of its small molecule and peptide production capabilities with a $260 million investment to construct a new state-of-the-art facility in Sejong, South Korea. …
Henkel AG (Düsseldorf, Germany) has achieved a groundbreaking sustainability milestone, with its Nairobi, Kenya manufacturing site now fully powered by 100% renewable electricity. This accomplishment marks a significant step forward for Henkel's sustainability efforts in the region, highlighting Kenya’s leadership…
Evonik Industries AG (Essen, Germany) announced the groundbreaking of a significant expansion at its Charleston site in South Carolina’s Berkeley County. This new development will boost the production capacity of precipitated silica by 50%, catering to the increasing demand from…
ICL Ltd. (Tel Aviv, Israel) signed a memorandum of understanding (MOU) with Orbia Advance Corp., S.A.B. de C.V. (Mexico City) Fluor & Energy Materials (OF&EM), as both companies continue to expand their presence in the North American battery materials supply…
ArcelorMittal announces it has invested $5 million in Utility Global, Inc. (Houston; www.utilityglobal.com), through its XCarb Innovation Fund. The Fund, launched in 2021, invests in companies developing disruptive technologies that have the potential to support the decarbonization of steelmaking. The…
Chemical engineers rely on process simulation software to solve industry challenges. This paper outlines how CHEMCAD helps engineers advance the future of renewable fuels like biodiesel. Advanced simulation tools like CHEMCAD can model various feedstock compositions and process conditions to…