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Latest News: Business

CP Kelco and Tate & Lyle to merge

CP Kelco (Atlanta, Ga.) announced its intent to combine its business with London-headquartered global food and beverage solutions business Tate & Lyle (London) through the sale of CP Kelco by J.M. Huber Corporation (Huber). The proposed combination will create a…

Trelleborg opens hydrogen testing facility in Indiana

Trelleborg Sealing Solutions has opened a 1,000-ft2 hydrogen testing lab in Fort Wayne, Indiana. The lab space gives Trelleborg the capacity to expand its existing and future hydrogen testing capabilities. The development is part of Trelleborg’s strategic goal to be…

ENEOS and Mitsubishi enter joint study on hydrogen and renewable fuels

ENEOS Corp. (Tokyo) and Mitsubishi Corp. (MC; Tokyo) announced the signing of a Memorandum of Understanding (MOU) to perform a joint study on the implementation of hydrogen and decarbonized fuels, which expands the ongoing joint feasibility study in the area…

Topsoe, ABB and Fluor form alliance to develop standardized concept for SOEC electrolyzer factory

Topsoe A/S (Lyngby, Denmark), ABB (Zurich, Switzerland) and Fluor Corp. (Irving, Tex.) have formed an alliance to design a standardized concept for building Topsoe’s next Solid Oxide Electrolysis Cells (SOEC) factory. The aim is to continuously develop processes to reduce…

INEOS and NextEra Energy break ground on solar project in Texas

INEOS Olefins & Polymers USA and NextEra Energy Resources, LLC announced groundbreaking on INEOS Hickerson Solar, a new 310-megawatt solar project located in Bosque County, Texas, USA. This significant milestone follows the recently signed renewable power purchase agreement with NextEra…

Wacker breaks ground for construction of silicone specialties plant in the Czech Republic

Wacker Chemie AG (Munich, Germany) strengthens its focus on silicone specialties in Europe with the construction of a new production site. Wacker, together with project partners and officials representing the city and the region, broke ground symbolically in Karlovy Vary,…

Mitsubishi Gas Chemical produces bio-methanol from digester gas in Japan

Mitsubishi Gas Chemical Company, Inc. (MGC; Tokyo) announced that it has begun producing bio-methanol at a just-completed facility within the company’s Niigata Plant, becoming first producer of bio-methanol from digester gas in Japan. To commemorate this landmark achievement, MGC held…

Dow acquires plastics-recycling firm Circulus

Dow (Midland, Mich.) announced it has signed an agreement to acquire Circulus, a leading recycler of plastic waste into post-consumer resin (PCR). This transaction includes two facilities, one in Ardmore, Oklahoma, and another in Arab, Alabama, with a total capacity…

Technip Energies awarded contract for IOCL’s naphtha cracking unit at Paradip, India

Technip Energies (Paris) has been awarded a significant contract by Indian Oil Corporation Limited (IOCL; Mumbai) for the license, basic engineering design package, proprietary equipment and catalyst supply and related services for the 1,500,000-ton/yr Paradip naphtha cracker unit (PDNCU) block…

Construction begins on Italy’s electrolyzer gigafactory

De Nora Italy Hydrogen Technologies S.r.l., a subsidiary company of Industrie De Nora S.p.A (Milan, Italy) started the construction works of the Gigafactory, which will become Italy’s largest electrolyzer production hub, with a projected capacity of 2GW equivalent by 2030.  …