The General Authority for Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding with H2-Industries Inc. to build a new Waste-to-Hydrogen facility at a new greenfield site in East Port Said, Egypt, a project with an estimated cost of…
KBR, Inc. (Houston) has entered into an agreement to invest an additional $100 million in Mura Technology bringing KBR's aggregate investment in Mura to 18.5%. This investment provides Mura incremental capital to accelerate development of its plastics recycling projects and…
Cresta Funds Management (Dallas, Tex.) has chosen Topsoe’s HydroFlex solution for revamping the Braya Renewable Fuels refinery (Braya) in Newfoundland, Canada. The refinery will produce up to 18,000 barrels per day of Renewable Diesel and sustainable aviation fuel (SAF) initially…
Cemex, S.A.B. de C.V. (Monterrey, Mexico) and its partners announced the inauguration of the Carbon Neutral Alliance, which aims to accelerate the development of innovative technologies designed to transform CEMEX’s Rüdersdorf plant into the first carbon-neutral cement facility by 2030.…
Nano One Materials Corp. (Vancouver, B.C., Canada) and BASF SE (Ludwigshafen, Germany) have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM),…
Evonik Industries AG (Essen, Germany) is building a new, highly flexible, global-scale production facility for pharmaceutical lipids in the United States. The new plant at Evonik’s Tippecanoe site in Lafayette, Indiana, will broadly position the Group for future growth in…
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL…
DuPont (Wilmington, Del.) announced completion of the previously-announced sale of its Biomaterials business unit, effective May 31, 2022, to the Huafon Group (Ruian, China) for a purchase price of approximately $240 million. Huafon Group is one of the largest manufacturers…
John Wood Group PLC (Wood; Aberdeen, Scotland) has signed an agreement for the sale of its Built Environment consulting business (‘Built Environment Consulting’) to WSP Global Inc. for gross proceeds of approximately $1.9 billion. This divestment provides enhanced financial flexibility…
The future of the CPI depends on sound innovation. The guidance provided here will help organizations to shape an effective innovation strategy that can give them a competitive edge You would be hard-pressed to find a company in the chemical…