Evonik Industries AG (Essen, Germany) is reorganizing two business lines to strengthen their growth prospects. Coating & Adhesive Resins and Health Care will focus on and concentrate future investments in their respective core businesses. The remaining businesses outside these cores…
Thyssenkrupp Polysius and TITAN Group signed a Front-End Engineering Design (FEED) contract for the Carbon Capture Project IFESTOS in Athens, Greece. IFESTOS is one of the largest carbon capture projects in Europe, enabling the production of zero-carbon cement and concrete.…
BASF SE (Ludwigshafen, Germany) announced that its production site in Rudong, China has reduced CO2 emissions to zero (Scope 1 and 2) by modifying its existing site heating system from steam to electricity generated from renewable energy. As a result,…
Solvay S.A. (Brussels, Belgium) announced the official inauguration of its regenerative thermal oxidation (RTO) process at its Green River, Wyoming plant, marking a key milestone in the Group’s global efforts to reduce greenhouse gas emissions and drive sustainable growth. This…
AGC Biologics announced the successful completion of the final milestone at a new manufacturing facility at the company's Copenhagen site. The site received authorization and a license to begin production from the Danish Medicines Agency for the new four-story 19,000…
Plug Power Inc. (Latham, N.Y.) has signed a binding framework agreement with Allied Green Ammonia (AGA), an Australian company focused on green ammonia production, to finalize a supply agreement for three gigawatts (GW) of electrolyzer capacity to AGA’s green hydrogen…
Rio Tinto plc (London) and Arcadium Lithium plc (Philadelphia, Pa.) announced a definitive agreement (the Transaction Agreement) under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share. The Transaction represents a premium of 90% to…
Asahi Kasei Corp. (Tokyo) recently signed a memorandum of understanding (MOU) with Aquafil S.p.A., an Italian manufacturer of polyamide 6 (PA6). The two companies agreed to develop a novel material for 3D printing (3DP) applications utilizing Aquafil’s ECONYL chemically recycled…
McDermott International, Ltd. (Houston) announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement, McDermott expects to receive $475…
Lummus Technology (Houston) announced new analytical services for per- and polyfluoroalkyl substances (PFAS), also known as "forever chemicals." The services provide accurate detection of a wide range of PFAS compounds, helping water and wastewater operators assess contamination levels and monitor…