Valvoline Inc. (Lexington, Ky.) has reached a definitive agreement with The Saudi Arabian Oil Company (Aramco; Dhahran) for the sale of Valvoline's Global Products business for $2.65 billion in cash. Valvoline Global Products is a leading worldwide independent producer and…
Bp plc (London) unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing center and analytical laboratory in the UK. bp has previously announced its intention to invest up to…
The Mitsubishi Chemical Group（MCG）has decided to increase its annual production capacity of SoarnoL ethylene vinyl alcohol copolymer (EVOH) resin by 21,000 metric tons per year (m.t./yr) in the U.K. at MCG’s site in Saltend. Once construction begins in April 2023,…
Maire Tecnimont S.p.A. (Milan, Italy) announced that its subsidiary NextChem has been awarded a Front-End Engineering Design (FEED) contract by a market leader in plastics and chemicals for an advanced mechanical recycling plant of municipal plastic waste in Europe. The aim of the project…
Indorama Ventures Ltd. (IVL; Bangkok, Thailand) has entered into a non-binding agreement with Capchem Technology USA Inc. (Capchem USA) to study the opportunity to build and operate a world-class lithium-ion battery (LIB) solvents plant at one of IVL's petrochemical facilities…
Kensing, LLC (Kankakee, Ill.; www.kensingsolutions.com), a leading manufacturer of natural vitamin E, plant sterols, specialty esters and high-purity anionic surfactants, and a portfolio company of One Rock Capital Partners, LLC, today announced that it has entered into a definitive agreement…
Biomethane Last month, NextChem, a subsidiary of Maire Tecnimont S.p.A. (Rome, Italy; www.mairetecnimont.com) was awarded a contract by ENGIE subsidiary Storengy (Bois-Colombes Cedex, France; www.storengy.com) to perform an advanced basic-engineering study for a plant that will produce second-generation biomethane from…
The recent decision by the U.S. Supreme Court limiting the authority of the U.S. Environmental Protection Agency (EPA) to regulate emissions from power plants has many concerned about the effects the decision will have on efforts to address climate change…
Last month, operation began at Polar Night Energy Oy’s (Tampere, Finland; www.polarnightenergy.com) first commercial sand-based thermal-energy storage system. The thermal storage system, which is located at the Vatajankoski power plant, is now producing low-emission district heating to the city of…
A portable pipe beveling tool prepares pipe for welding The Wart Millhog Portable Pipe Beveler (photo) is a right-angle I.D. clamping tool for performing any angle of end prep on 0.75 in. I.D. to 4-in. O.D. pipe of different schedules.…