Metso Corp. (Espoo, Finland) has successfully completed the divestment of its Ferrous business to SMS group, a global company providing technology and services in plant construction and mechanical engineering for the metals industry. The businesses divested include, for example, the travelling grate…
Phillips 66 Ltd. (Houston) has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving…
Technip Energies (Paris) announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc. (Malvern, Pa.) , a global leader in specialty catalysts and advanced materials. This strategic transaction expands Technip Energies’ portfolio by…
Moeve (Madrid, Spain) has signed a strategic agreement with Pretium Renovables to promote the development of renewable biomethane in Spain. The energy company has invested in this company, which specializes in developing biomethane projects, as a strategic partner to promote…
As industries navigate a rapidly changing technological landscape, the need for efficient, sustainable and forward-thinking process solutions has never been greater. From optimizing production lines to reducing emissions and maximizing energy efficiency, the challenges facing manufacturing and processing sectors today…
The COMBI WVD vacuum booster pump unit features high pumping speed and low ultimate pressure, from atmosphere down to the 10-3 hPa (mbar) range. This makes it ideal for both standalone operation and use as backing pump for high vacuum…
A first-of-its-kind demonstration unit is showcasing hydrogen liquefaction using magnetocaloric cooling, a process that demands much lower energy consumption than conventional methods used in industry. A joint venture between Magnotherm Solutions GmbH (Darmstadt, Germany; www.magnotherm.com) and Helmholtz-Zentrum Dresden-Rossendorf (HZDR; Dresden,…
Edge platforms, which provide a liaison between networks and legacy equipment, can provide a layer of cybersecurity protection without infrastructure modifications Chemical processing facilities worldwide are connecting decades-old equipment to modern networks for real-time monitoring and optimization. While this digital…
As connected devices and systems have become more advanced, engineers in turn have become savvier about the realities of a digitally connected enterprise, especially with regard to securing their operational technology (OT) systems. Even with globally increasing cybersecurity awareness, however,…
Field trials are expected to begin shortly for a high-temperature thermal-storage demonstrator built by AED Energy (London, U.K.; www.aedenergy.com). The field trials follow the successful completion of a test program of the demonstrator at AED’s London facility. The test program,…