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Latest News: Business

Dow and Procter & Gamble to develop a new plastic recycling technology

Dow (Midland, Mich.) and the Procter & Gamble Co. (Cincinnati, Ohio) announced a joint development agreement (JDA) to create a new recycling technology. The vision is to enable efficient conversion of hard-to-recycle plastic packaging into recycled polyethylene with near-virgin quality…

Technip Energies and LanzaTech selected by DOE for potential investment in decarbonized ethylene technology

Technip Energies (Paris) and LanzaTech Global, Inc. (Skokie, Ill.) were selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million in Bipartisan Infrastructure Law and Inflation Reduction Act…

Ecolab opens wastewater-treatment plant at Shell Jurong Island in Singapore

Nalco Water, the Ecolab, Inc. (St. Paul, Minn.) water-management brand, announced the opening of a wastewater treatment plant in Shell Jurong Island, Singapore. Commencing operations earlier this year, this facility is designed to handle variable bio-treater wastewater. The plant utilizes…

Repsol acquires stake in three Bunge Iberica production facilities

Repsol S.A. (Madrid, Spain) and Bunge (St. Louis, Mo.) have agreed to partner in the development of new opportunities to help meet the growing demand for lower carbon intensity feedstocks for the production of renewable fuels. This alliance, the first…

3M invests in hydrogen electrolyzer manufacturer EVOLOH

3M (St. Paul, Minn.) has invested in EVOLOH, a cleantech company that is working to scale up manufacturing of its electrolyzers to make green hydrogen affordable and efficient. Electrolyzers work by using electricity to separate the atoms in water. The…

Henkel and Kraton enter supply agreement for lower-carbon adhesive formulations

Henkel AG (Düsseldorf, Germany) and Kraton Corp. (Houston) announced a multi-year supply partnership. In this agreement, Kraton will supply Henkel Adhesive Technologies with high-performance, biobased tackifiers and its patented REvolution rosin ester technology to enable carbon emission reductions in a…

ITM Power and Sumitomo complete installation of first-of-a-kind electrolyzer demonstration in Japan

ITM Power (Sheffield, U.K.) and Sumitomo Corp. (Tokyo) have announced the delivery and installation of a NEPTUNE electrolyzer at Tokyo Gas Co Ltd’s Yokohama Techno Station. This unit marks the first deployment of a megawatt-class PEM electrolyzer made overseas and…

TotalEnergies and Sinopec join forces to produce sustainable jet fuel at a Sinopec refinery

TotalEnergies SE (Paris) and China Petroleum and Chemical Corp. (Sinopec; Beijing, China) have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China. The planned unit, jointly owned…

KBR awarded predictive maintenance services contract from Petro Rabigh

KBR, Inc. (Houston) announced that it has secured a five-year asset condition monitoring program contract from Rabigh Refining & Petrochemical Company (Petro Rabigh) to deploy predictive maintenance services at its plant in Rabigh, Saudi Arabia.  The program will optimize asset…

Sumitomo Chemical and Valent BioSciences announce divestiture of Pace International

SSumitomo Chemical Co. (Tokyo, Japan) and its subsidiary Valent BioSciences LLC (Libertyville, Ill.) announced that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space. The decision…