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Latest News: Business

Solvay and ENOWA plan to build first carbon-neutral soda ash plant in Saudi Arabia

Solvay S.A. (Brussels, Belgium) is partnering with ENOWA, NEOM’s energy and water company, to establish the world’s first carbon-neutral soda ash production facility in NEOM, Saudi Arabia. Pending the results of an in-depth feasibility study and customary regulatory approvals, Solvay…

BASF completes specialty amines expansion in Louisiana

BASF SE (Ludwigshafen, Germany) has completed its capacity expansion for key specialty amines manufactured at its Geismar, Louisiana site. As a result, BASF will be able to produce more of its key polyetheramines and amine catalysts marketed under the Baxxodur…

Neste partners with Coleman Oil on supply of renewable diesel in Washington

Neste Corp. (Espoo, Finland) has partnered with Coleman Oil Co. (Lewiston, Idaho), a leading provider of fuels, biofuels, lubricants, and related products, to enable cities and businesses to have easier access to Neste MY Renewable Diesel in the state of…

Itochu and Hive Hydrogen South Africa join forces for green-ammonia production project

Itochu Corp. Corporation (Tokyo) has concluded a Memorandum of Cooperation (MOC) concerning a collaboration in the field of green ammonia with Hive Hydrogen South Africa. In September 2023, the Ministry of Economy, Trade and Industry held a plenary session at…

Arkema signs 20-year contract with EDF Renewables for supply of decarbonized power

Arkema S.A. (Colombes, France) has signed a 20-year contract with EDF Renewables for the supply of 20 GWh/year of renewable electricity. This partnership will start in 2026 and will cover 70% of Bostik's electricity consumption in France. Starting from 2026,…

ADNOC and Mitsubishi Heavy Industries to collaborate on low-carbon ammonia and hydrogen projects

ADNOC (Abu Dhabi) and Mitsubishi Heavy Industries, Ltd. (MHI) announced the signing of a strategic collaboration agreement (SCA) to explore potential opportunities to build low carbon energy supply chains and advance carbon neutral solutions to accelerate decarbonization across the energy…

Solvay completes spinoff of specialty business unit, forming new firm Synesqo

Solvay S.A. (Brussels, Belgium) has successfully completed the spin-off its Specialty activities to Syensqo, a pivotal moment in its rich history. This move marks a significant strategic shift for the Group, positioning it as a frontrunner in essential chemicals on…

Cyclyx reaches investment for its first plastics circularity center in Houston

Cyclyx International, a joint venture among Agilyx, ExxonMobil, and LyondellBasell, announces a final investment decision (FID) to build the first Cyclyx Circularity Center (CCC). The facility is designed to accept and process plastics that are currently going to U.S. landfills…

Ineos to acquire LyondelBasell’s ethylene oxide and derivatives business

Ineos (London) has announced an agreement with LyondellBasell to buy its Ethylene Oxide and Derivatives business including the Bayport Underwood site, Texas. The deal includes the 420,000-ton Ethylene Oxide plant, the 375,000-ton Ethylene Glycols plant and the 165,000-ton Glycol Ethers…

Orlen Unipetrol launches emissions-reduction upgrade project

The ORLEN Unipetrol Group has launched the implementation of an extensive investment at its production plant in Kralupy nad Vltavou. The investment is focused primarily on recovering of flue heat from combustion processes. ORLEN Unipetrol expects from this project, which…