Baker Hughes (Houston) announced several milestones to support the growth of the hydrogen economy, as part of the company’s broader strategy in new energy. The milestones include: Baker Hughes unveiled a new Hydrogen Testing Facility for validation of its NovaLT…
Toray Composite Materials America, Inc. (Toray CMA) announced the commissioning of the upgraded carbon fiber production line in its Decatur, Ala., facility. The $15 million upgrade doubles the production capacity of the TORAYCA T1100 carbon fiber and adds critical redundancy…
Kraton Corp. (Houston) has completed a $35-million investment to upgrade its crude tall oil (CTO) biorefinery towers in its Panama City, Florida manufacturing facility. The new infrastructure was completed in November with the highest safety and quality standards, for continued…
Corbion (Amsterdam, the Netherlands) and Kingswood Capital Management, LP, a middle-market private equity firm with significant experience in corporate carve-outs and investments related to food and beverage, have signed a binding agreement regarding the sale of Corbion's emulsifiers business. The…
BASF SE (Ludiwgshafen, Germany) and The Lubrizol Corp. (Cleveland, Ohio) have signed a license agreement for the production and distribution of selected EMGARD and Plurasafe industrial lubricant products. The licensing agreement includes the following BASF products: EMGARD 2946; EMGARD CL…
Clean Earth, a division of Enviri Corp., and Veolia North America have executed a long-term collaborative agreement for significant incineration capacity at the new state-of-the-art thermal facility in Southwest Arkansas. The five-year agreement, structured to provide guaranteed access for Clean…
Heimdal Inc, a pioneer in direct air capture (DAC) carbon dioxide removal technology, has announced a significant milestone in its journey to combat climate change. To strategically support growth of operations and sequestration of carbon dioxide, Heimdal has entered a…
Elkem ASA (Oslo, Norway) has completed its first pilot for carbon capture and storage (CCS) at its plant in Rana, Norway. The pilot recorded high capture rates of CO2, up to 95%, indicating technical viability of CCS in smelters. Elkem's…
Shell Deutschland GmbH has taken a final investment decision (FID) to convert the hydrocracker of the Wesseling site at the Energy and Chemicals Park Rheinland into a production unit for Group III base oils, used in making high-quality lubricants such…
Iveco Group has announced the selection of BASF SE (Ludwigshafen, Germany) as its first partner to provide a recycling solution for the lithium-ion batteries of the Group’s electric vehicles. This decision is part of Iveco Group’s circular economy strategy which…