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Latest News: Business

Neste and Mitsubishi to collaborate on development of renewable-chemical supply chains

Neste Corp. (Espoo, Finland) and Mitsubishi Corp. (MC; Tokyo) have agreed to establish a strategic partnership focusing on developing value chains for renewable chemicals and plastics for and with Japanese brands. The partners are targeting brands in industries such as…

Toray partners with Elevated Materials to repurpose carbon-fiber prepreg waste

Toray Composite Materials America, Inc., a manufacturer and supplier of carbon fiber and prepreg materials, announced the execution of a memorandum of understanding (MOU) adding Elevated Materials as a provider of repurposing services for its Tacoma, Washington facility. Under the…

3M invests in electrolyzer specialist Ohmium

3M (St. Paul, Minn.) has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and…

Henkel completes new adhesives plant in India

Henkel AG (Düsseldorf, Germany) announced that Henkel Adhesives Technologies India Ltd. (Henkel India) has completed Phase III of its manufacturing facility in Kurkumbh, near Pune, Maharashtra. The Kurkumbh site, which was launched in 2020, serves the growing demand of Indian…

Trelleborg Group to construct new production plant in North Carolina

Trelleborg Group AB (Trelleborg, Sweden) has decided to invest in a new production facility to expand its business for engineered coated fabrics in Rutherfordton, North Carolina. The establishment will primarily aim to strengthen Trelleborg's leading positions in aircraft escape slides,…

Aramco to acquire 50% stake in Air Products Qudra’s Blue Hydrogen Industrial Gases Company

 Aramco (Dhahran, Saudi Arabia) has signed definitive agreements to acquire an equity interest in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG), a wholly-owned subsidiary of Air Products Qudra (APQ). The transaction, which is subject to standard closing conditions, will…

Essar announces plans for Europe’s first H2-ready combined heat and power plant

Essar Energy Transition (EET) announced the launch of EET Hydrogen Power, Europe’s first hydrogen-ready combined heat and power plant (CHP) to be built at its Stanlow refinery, with the aim of completing construction in 2027.  The investment will support EET…

BP granted funding for green-hydrogen project at Lingen Refinery

Bp plc (London) has been granted funding, provided jointly by BMWK and the Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany.  The funding will help support the development of a 100-MW…

Rock Tech selects Worley as its EPCM partner for lithium conversion project in Germany

Rock Tech Lithium Inc. (Toronto, Ont., Canada) is pleased to announce that it has selected leading global professional services company Worley Ltd. (North Sydney, Australia) as its preferred engineering, procurement, and construction management (EPCM) partner for the construction of Europe's…

Survey: North American insulation manufacturers used 3 billion pounds of recycled materials in 2023

The North American Insulation Manufacturers Association (NAIMA) recently announced the result of its annual recycled content survey, which reports its members' use of recycled materials. In 2023, NAIMA members in the U.S. and Canada used more than 3.0 billion pounds…