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Latest News: Business

Solvay and Carester enter MOU related to rare-earth magnet recycling

Solvay S.A. (Brussels)  and Carester announced the signing of a Memorandum of Understanding (MOU) to form a strategic partnership, aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets…

DIC opens new coating resins plant in India

DIC Corp. (Tokyo) announced that subsidiary IDEAL CHEMI PLAST PRIVATE LTD., based in the Indian state of Maharashtra, opened and commenced operations at a new production facility for coating resins for automotive and infrastructure applications in the state’s Supa Japanese…

Shin-Etsu Chemical to double production capacity for hypromellose acetate succinate

Shin-Etsu Chemical Co., Ltd. (Tokyo) plans to make investments to strengthen the pharmaceutical cellulose business. These investments will be implemented in the Naoetsu plant (Joetsu-city, Niigata Pref.). The plan is to double the manufacturing capacity of pharmaceutical excipient hypromellose acetate…

Zeon completes construction of new recycling plant for cyclo-olefin polymers

Zeon Corp. (Tokyo) has completed construction of a recycling plant for cyclo-olefin polymers (COP; product names: Zeonex and Zeonor) at its Takaoka Plant. Zeon is set to begin recycling its own products for the first time, and the new plant…

Yara invests in Danish solid-oxide electrolysis startup firm Dynelectro

Yara Growth Ventures has announced its investment in Dynelectro, a company based in Denmark that develops technologies to advance solid oxide electrolysis (SOE). While SOE yields the highest possible efficiencies to produce renewable hydrogen and e-fuels, it has been suffering…

Maire awarded EPCC contract by Sonatrach for new linear alkyl benzene plant in Algeria

MAIRE S.p.A. (Milan) announced that its subsidiary Tecnimont (Integrated E&C Solutions) has been awarded by Sonatach (Algiers, Algeria) through a tendering process an EPCC (Engineering, Procurement, Construction and Commissioning) contract for a new linear alkyl benzene (LAB) plant in the…

Arkema and Hexcel complete the first aeronautical structure made of thermoplastic composites

Arkema S.A. (Colombes, France) and Hexcel Corp. (Stamford, Conn.) have jointly completes the first-ever aeronautical structure composed of thermoplastic composites. This achievement stems from the strategic partnership between Hexcel and Arkema. The high-performance thermoplastic composite structure was designed and manufactured…

Mitra Chem and Saint-Gobain Ceramics partnering to accelerate production of advanced cathode materials

Mitra Future Technologies, Inc. (Mitra Chem), a leading innovator of North American lithium-ion battery materials and Saint-Gobain Ceramics, a global leader in specialty ceramic materials, announced a groundbreaking partnership to accelerate the production of lithium iron manganese phosphate (LMFP) cathode…

Boston Metal inaugurates first commercial facility for molten oxide electrolysis

Boston Metal, a global metals technology solutions company, announced the inauguration of the first facility for its Molten Oxide Electrolysis (MOE) technology platform to recover high-value metals from mining waste in Brazil. This deployment is a major milestone for Boston…

Verdagy and Samsung Engineering partnering on large-scale green-hydrogen projects

Verdagy (Moss Landing, Calif.) announced that it has entered into a joint development and marketing agreement with Samsung Engineering Ltd. (Seoul, South Korea), a world leading engineering solutions and project management company. Verdagy and Samsung Engineering will collaborate on infrastructure-scale…