Bp plc (London) announced that it has agreed to acquire Archaea Energy Inc. (Houston), a leading producer of renewable natural gas (RNG) in the US. The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for…
Toyobo Indorama Advanced Fibers Co., Ltd. (TIAF), a joint venture that Toyobo Co., Ltd. established in November 2020 with Indorama Polyester Industries PCL (IPI), has completed construction of a factory to manufacture high-performance nylon yarn for automobile airbags. A ceremony…
ArcelorMittal Corp. (Luxembourg) has broken ground on its CAD$1.8 billion investment decarbonization project at the ArcelorMittal Dofasco plant in Hamilton, Ontario, Canada. The project, a partnership between ArcelorMittal and the governments of Canada and Ontario, which was first announced in…
Technip Energies (Paris) and Shell Catalysts & Technologies are building on their successful track record of collaboration by strengthening their strategic alliance, which aims to drive cost-effective, large-scale carbon capture and storage (CCS) projects by providing a combination of state-of-the-art…
Cummins Inc. (Columbus, Ind.) will soon begin building its new gigawatt electrolyzer manufacturing plant in Guadalajara, Castilla-La Mancha, Spain, reaffirming the company’s commitment to expanding the green hydrogen economy in Europe and globally. Last year, Cummins announced it had selected…
Two projects by Italian multinational corporations Enel Green Power (Rome, Italy) and Eni S.p.A. (Rome, Italy) to develop green hydrogen will receive public funding approved by the European Commission under IPCEI Hy2Use. Jointly prepared and notified by 13 EU Member…
Indorama Ventures Ltd. (IVL; Bangkok, Thailand) announced the official opening of its PETValue bottle-to-bottle recycling plant in the Philippines, in partnership with Coca-Cola Beverages Philippines—the bottling arm of Coca-Cola in the country. The plant is IVL’s latest recycled PET (polyethylene…
CF Industries Holdings, Inc. (Deerfield, Ill.), has entered into the largest-of-its-kind commercial agreement with ExxonMobil Corp. (Houston) to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. Start-up for…
Covestro AG (Leverkusen, Germany) broke ground in Antwerp, Belgium for a new world-scale production facility for the manufacture of aniline. With the capacity expansion, the company is strengthening its European production network for the foam component MDI. For this purpose,…
OMV Petrom S.A. (Bucharest, Romania) is investing approximately EUR 130 million in the next 3 years to build a new production unit for aromatic products at the Petrobrazi refinery in Romania. The unit will function at modern BAT (Best Available…