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Latest News: Business

CF Industries taps ExxonMobil for CO2 transport and storage project in Mississippi

CF Industries Holdings, Inc. (Deerfield, Ill.) announced that it is moving forward with a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi, Complex that is expected to reduce carbon dioxide (CO2) emitted to the atmosphere from the…

Merck KGaA to sell Surface Solutions pigments business for €665 million

Merck KGaA, Darmstadt, Germany  has signed an agreement to sell its global Surface Solutions pigments business unit to Global New Material International Holdings (GNMI) Ltd. for €665 million in cash. Merck KGaA, Darmstadt, Germany, intends to use the net proceeds…

Hystar to provide electrolyzer for Fortum green-H2 pilot plant in Finland

Hystar AS has signed an agreement with Finnish mostly state-owned energy company Fortum to supply a 0.75 MW PEM electrolyzer for Fortum’s hydrogen pilot plant in Källa, Loviisa, Finland. Fortum’s hydrogen pilot plant, located east of Helsinki, is set to be…

Invista announces $17-million investment in HMD plant in Ontario

Invista (Wichita, Kan.) announced its intention to invest approximately $23 million CAD ($17 million USD) in the re-commissioning of hexamethylene diamine (HMD) assets at its Maitland, Ontario, Canada, site. HMD is a key ingredient in the production of nylon 6,6,…

Euglena, Petronas and Eni announce JV for biofuels production in Malaysia

Euglena Co., Ltd. (Tokyo), Petroliam Nasional Berhad of Malaysia (Petronas), and Enilive SpA of Italy, a wholly owned subsidiary of Eni SpA, fave made a final investment decision for a project (hereinafter "the Project") to construct and operate a biofuel…

Kemira expands sodium chlorate capacity in Brazil

Kemira Oyj (Helsinki, Finland) announced an investment to expand the capacity of its sodium chlorate manufacturing facility in Ortigueira, Brazil. The investment, a strategic priority for Kemira’s Pulp & Paper business, will enable Kemira to respond to the continued growth…

Shell Energy and Chemicals Park Rhineland to install 100-MW electrolyzer

Shell Deutschland GmbH has made the final investment decision for REFHYNE II, a 100-megawatt hydrogen electrolyzer with polymer electrolyte membrane technology (PEM) in the Shell Energy and Chemicals Park Rhineland. Using renewable electricity, REFHYNE II is expected to produce up…

Industrial AI survey reveals productivity gains and unexpected use cases

Honeywell International, Inc.  (Charlotte, N.C.) released the findings of its Industrial AI Insights global research study, which captures the state of Artificial Intelligence (AI) in the sector. While only 17% of AI decision makers around the world have fully implemented…

Siemens Energy wins contract for large-scale hydrogen electrolyzer from German utility EWE

Siemens Energy AG (Munich, Germany) has been awarded a contract to supply a 280-MW electrolysis system by German utility EWE. The plant in the German city of Emden is expected to go into operation in 2027 and will provide up…

BASF and the University of Graz develop novel computer-assisted model to optimize biocatalysis

Numerous factors influence the efficiency of the enzymes used to produce chemicals. Finding the optimal reaction conditions therefore requires significant time and resources. Researchers from BASF SE (Ludwigshafen, Germany), the Austrian Research Centre of Industrial Biotechnology (acib) and the University…