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Latest News: Business

Chemours and partners selected for $60 million DOE grant to support advancement of green hydrogen technologies

The Chemours Company (Wilmington, Del.) announced that the U.S. Department of Energy (DOE), under the Bipartisan Infrastructure Law, selected two of its applications for grants totaling $60 million. These grants will be used by Chemours and its partners for the…

IFF announces sale of its Pharma Solutions business to Roquette

 International Flavors & Fragrances Inc. (IFF; New York City) announced that it has entered into a definitive agreement to sell its Pharma Solutions business unit to French leader of plant-based ingredients Roquette (Lestrem, France) for an enterprise value of up…

Novoloop selects Worley for study of first-of-its-kind circular-plastics facility on U.S. Gulf Coast

Novoloop (Menlo Park, Calif.; www.novoloop.com), a leading plastic circular economy technology company, selects Worley Consulting to conduct a Front-End Loading (FEL-2) preliminary engineering study for the company’s breakthrough Lifecycling process. The purpose of the study is to assess commercial project…

Chevron and JX sign MOU for collaboration on development of CCS value chain in Australia and Asia

JX Nippon Oil & Gas Exploration Corp. (JX; Tokyo) and Chevron New Energies (Chevron), a division of Chevron U.S.A. Inc. (San Ramon, Calif.), have signed a Memorandum Of Understanding (“MOU”) that provides a framework to evaluate the export of Carbon…

Thyssenkrupp nucera selected for $50 million grant from the U.S. Department of Energy to expand electrolyzer technologies

thyssenkrupp nucera announced that The US Department of Energy (DOE) has selected thyssenkrupp nucera USA Inc. for a $50 million grant (pending negotiations) under the Bipartisan Infrastructure Law's investment in clean hydrogen and electrolyzer manufacturing. With this major funding from…

TotalEnergies acquires carbon-capture business from Talos Energy for $148 million

Talos Energy Inc. (Houston)  announced that it has entered into an agreement for the sale of its wholly owned subsidiary, Talos Low Carbon Solutions LLC (TLCS), to TotalEnergies E&P USA, Inc. (TotalEnergies) for a purchase price of $125 million plus…

Dsm-firmenich opens new food-and-beverage pilot facility in New Jersey

Dsm-firmenich has opened a new pilot plant in Plainsboro, New Jersey designed to enable collaboration with customers. The pilot facility is part of dsm-firmenich's Taste, Texture & Health Business Unit and will support the company's commitment to accelerate global diet…

HIF Global, Idemitsu Kosan and MOL co-operate to develop eFuels supply chain

HIF Global (Houston), Idemitsu Kosan Co. (Tokyo) and the international shipping company Mitsui O.S.K. Lines, Ltd. (MOL) announced an agreement to develop an eFuels supply chain between HIF facilities and Japan. The agreement also outlines how the companies will explore…

Sulzer to deliver technology and key equipment to India’s first bioplastics plant

Sulzer Ltd. (Winterthur, Switzerland) will supply its cutting-edge polylactic acid (PLA) production technologies to Balrampur Chini Mills Limited (BCML) to support the construction of India’s first bioplastics plant. The new state-of-the-art bioplastics plant will produce 75'000 tonnes of compostable, wholly…

Axens announces successful sustained operation at DMX carbon-capture pilot project in France

Axens (Rueil-Malmaison, France) has announced that the DMX process demonstration pilot has been operating in stable conditions since April 2023 to capture the CO2 present in blast furnace gases emitted during steel production at ArcelorMittal’s Dunkirk site. The objectives are…