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Latest News: Business

Cognite inaugurates Center of Excellence in India

Cognite AS (Oslo, Norway), a global leader in artificial intelligence (AI) for industry, inaugurated its India Center of Excellence in Bengaluru yesterday. The company, headquartered in the U.S., has locations in Norway, Japan, the MENA region, and now India to…

OMV starts up ReOil plastics recycling plant at Schwechat, Austria site

OMV (Vienna, Austria; www.omv.com) today announced a significant milestone in the chemical industry following 15 years of pioneering research and development. The company has now started-up the next-scale expansion of its innovative proprietary ReOil® technology at the Schwechat refinery near…

OQ Chemicals set to begin heptanoic acid production in June at Germany site

OQ Chemicals (Monheim am Rhein, Germany; chemicals.oq.com) is set to begin dedicated heptanoic acid production in Oberhausen, Germany, in June 2025. This investment in expanding its production capacity is part of the company's strategy to strengthen its carboxylic acid portfolio…

Archroma implements ZLD solution at Thailand plant

Archroma (Pratteln, Switzerland; www.archroma.com), a global leader in specialty chemicals, has successfully implemented a state-of-the-art zero-liquid-discharge (ZLD) technology at its Mahachai plant in Thailand. The ZLD solution was designed and built by Gradiant, a global leader in advanced water and…

Kemira to invest in expansion of capacity at Thailand site

Kemira Oyj (Helsinki, Finland; www.kemira.com) will make a multi-million Euro investment in multiple production line expansion of strength chemical agents for paper, board and tissue at its Wellgrow site in Thailand. The implementation of the expansion project will begin in…

Covestro completes modernization project for TDI plant in Germany

Covestro AG (Leverkusen, Germany; www.covestro.com) has successfully completed the modernization of its TDI (toluene diisocyanate) plant in Dormagen, Germany. At an event with around 60 invited guests from politics, business, and staff, including North Rhine-Westphalia Environmental Minister Oliver Krischer, Covestro officially…

CSB releases update on investigation of 2024 hydrogen sulfide release

Today, the U.S. Chemical Safety and Hazard Investigation Board (CSB; Washington, D.C.; www.csb.gov) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer…

LyondellBasell and Covestro to close propylene oxide styrene monomer production unit in the Netherlands

LyondellBasell (Houston, Tex.; www.lyondellbasell.com) and Covestro (Leverkusen, Germany; www.covestro.com) have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration…

Croda opens new lipids manufacturing facility in Pennsylvania

Croda International Plc (Yorkshire, U.K.; www.croda.com)  today announces the opening of a pioneering new lipids manufacturing facility in Lamar, Pennsylvania, USA. Our investment in this new site reinforces Croda’s commitment to drive innovation in drug delivery systems for next-generation therapeutics.…

BASF commissions 54-MW PEM water electrolyzer at Ludwigshafen, Germany

Germany’s largest proton exchange membrane (PEM) electrolyzer has gone into operation at BASF’s (www.basf.com) Ludwigshafen site. Designed to produce zero-carbon hydrogen, the electrolyzer has a connected load of 54 megawatts and the capacity to supply the main plant with up…