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Latest News: Business

Lhyfe awarded grant for green-hydrogen project in Trelleborg, Sweden

Lhyfe (Paris, France) received a grant of up to SEK 125.6m (around €11 million) from Klimatklivet, an investment program supported by the Swedish Environmental Protection Agency, to build a local renewable hydrogen production system in Trelleborg, the southernmost city in…

Elkem to pilot CO2-free silicon production with support from Enova

Elkem ASA (Oslo, Norway) is researching a new concept for silicon production, which aims to eliminate nearly all direct CO2 emissions. The concept involves capturing and recycling the carbon in the process off gas and reusing it in the production…

Arkema announces PEKK technology license with SEQENS

Arkema S.A. (Colombes, France) has granted an Exclusive Technology License to SEQENS ,an integrated global player in solutions and ingredients for the pharmaceutical and specialty market, to manufacture PEKK (Poly-Ether-Ketone-Ketone) for sale in long-term medical implantable applications The two companies…

Mitsui announces start of construction for clean-ammonia production facility in U.A.E.

Mitsui & Co., Ltd. (Tokyo), alongside TA'ZIZ (owned ADNOC), Fertiglobe, and South Korea's GS Energy Corporation, has agreed to commence construction of an ammonia production facility in the United Arab Emirates (U.A.E). In addition, Mitsui has signed a loan agreement…

DuPont to acquire contract manufacturer Donatelle Plastics Incorporated

 DuPont (Wilmington, Del.) announced it has signed an agreement to acquire Donatelle Plastics Incorporated, a leading medical-device contract manufacturer specializing in the design, development and manufacture of medical components and devices. The transaction is expected to close in the third…

Evonik commissions new plant for easy-to-disperse silicas at Rheinfelden site

Evonik (Essen, Germany; www.evonik.com) has inaugurated a plant for its innovative dispersion technology for fumed silica at its Rheinfelden site. This strengthens the specialty chemicals company’s position as a leading supplier of high-quality silicas from the AEROSIL® family.  The new…

Technip Energies acquires technology from Shell to accelerate bio-based polyester production

Technip Energies (Paris; www.ten.com) and Shell Catalysts & Technologies (Houston; www.shell.com) announce a technology transfer agreement which accelerates the commercialization of Technip Energies’ Bio-2-GlycolsTM technology for bio-based Mono Ethylene Glycol (MEG) production from glucose. MEG is traditionally produced using fossil-based…

Cepsa and European Investment Bank sign loan agreement for biofuels plant

The European Investment Bank (EIB; Luxembourg; www.eib.org) and Cepsa (Madrid, Spain; www.cepsa.com) sign a €285 million loan agreement for the construction of an advanced biofuels plant to be located next to the La Rábida Energy Park in Palos de la…

Integrals Power Validates Cost Benefits of Lithium-Iron-Phosphate Batteries

Integrals Power (Milton Keynes, U.K.; www.integralspower.co.uk) is accelerating the development and establishment of a more sustainable, more robust and more transparent supply chain for cathode active materials used in lithium iron phosphate (LFP) batteries. The market share of LFP batteries…

BASF decides against investment in nickel-cobalt refining complex in Indonesia

 Today, BASF SE (Ludwigshafen, Germany; www.basf.com) announced that the company will not further evaluate a potential investment in a nickel-cobalt refining complex in Weda Bay, Indonesia. In 2020, BASF and Eramet, a global mining and metallurgical group, signed an agreement…