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Latest News: Business

Technip Energies, Alterra and Neste collaborate to offer standardized solution for chemical recycling plants

Technip Energies (Paris, France; www.ten.com), Alterra Energy (Akron, Ohio; www.alterraenergy.com) and Neste Oyj (Espoo, Finland; www.neste.com) have signed a collaboration agreement to advance the circularity of plastics by providing the industry a standardized technology solution for chemical recycling, also referred…

Schneider Electric and Saint-Gobain launch first-of-its kind automation system for glass production

Schneider Electric SE (Paris) and Saint-Gobain S.A. (Courbevoie, France) have joined forces to deploy the first-of-its kind software-defined automation system for glass production. Unveiled at Glasstec 2024, the world's leading trade fair for the glass industry, the project addresses the…

Veolia and Morocco to establish Africa’s largest desalination project

Veolia (Paris) and the Kingdom of Morocco signed a MOA for the establishment of a strategic partnership to develop on an exclusive basis a seawater desalination project that will be the largest in Africa and the second largest in the…

Asahi Kasei and Honda form battery separator JV in Canada

Asahi Kasei Corp. (Tokyo) and Honda Motor Co., Ltd. (Honda) announced that the two companies have signed a shareholders' agreement to convert an existing Asahi Kasei subsidiary in Canada into a joint venture (JV) company. This agreement was reached as…

John Cockerill to supply electrolyzers for one of the world’s largest green-ammonia complexes

AM Green has placed India’s largest electrolyzer order with John Cockerill Hydrogen for one of the world’s largest green ammonia projects. AM Green achieved Final Investment Decision (FID) in August 2024 for this first million-ton green ammonia project to be…

Siemens to acquire Altair Engineering for $10 billion

  Siemens AG (Munich, Germany) has signed an agreement to acquire Altair Engineering Inc. (Troy, Mich.), a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value…

LanzaTech and Eramet announce plans for first-of-a-kind integrated CCUS project in Norway

LanzaTech Global, Inc. (Chicago, Ill.) announced plans to develop a commercial-scale Carbon Capture and Utilization (CCU) facility at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028. Eramet Group (Paris,…

ALPLA opens PET recycling plant in South Africa

Packaging and recycling specialist ALPLA Group (Hard, Austria; www.alpla.com) is opening a state-of-the-art polyethylene terephthalate (PET) recycling plant in Ballito, South Africa approximately one and a half years after the start of construction. The company has invested 60 million euros…

Cepsa rebrands itself as Moeve, highlighting focus on energy transition

Cepsa announced its name change to Moeve, marking a significant milestone in the company’s transformation. This change positions Moeve as a leader in the European energy transition and demonstrates the significant progress achieved under its 2030 Positive Motion strategy, reinforcing…

Merck KGaA investing $76 million to expand MilliporeSigma manufacturing plant in St. Louis

MilliporeSigma, the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, announced a $76 million expansion of its antibody-drug conjugates (ADC) manufacturing capabilities and capacity at its Bioconjugation Center of Excellence facility in St. Louis, Missouri. This investment…