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Latest News: Business

Technip Energies delivers two carbon-capture pilot units in Canada

Technip Energies (Paris), supported by its wholly-owned Norwegian affiliate KANFA, finished the Engineering, Procurement, and Fabrication of two carbon capture pilot units: one for Heidelberg Materials / Shell Catalysts & Technologies, and the second one – for Teck Resources Limited…

Preem to repurpose Lysekil refinery for renewable fuels production

Preem AB (Stockholm, Sweden) announced that its Board of Directors has decided to invest approximately SEK 5.5 billion to repurpose the existing refinery in Lysekil. The investment represents an important milestone on Preem's transition journey, as the company is phasing…

Samsung Engineering kicks off FEED work for Sarawak green hydrogen and ammonia project

Samsung Engineering (Seoul, South Korea), LOTTE CHEMICAL, Korea National Oil Corp. and Malaysia's SEDC Energy (Sarawak Economic Development Corporation Energy) the FEED contract for the Sarawak H2biscus Green Hydrogen & Ammonia project(H2biscus) in Malaysia was launched with a kick-off meeting.…

Lhyfe confirms plans to build green-hydrogen plant for the Nantes Saint-Nazaire Port

Lhyfe (Paris) has announced plans to develop a green hydrogen industrial production and distribution site in Montoir-de-Bretagne (Loire-Atlantique). The call for proposals for the Nantes Saint-Nazaire Port, which was launched on 21 November 2022, concerned the provision of land located…

Repsol upgrades butane plants with ABB control systems

Repsol Butano entered into an agreement with ABB, Inc. (Zurich, Switzerland) to upgrade its Distributed Control Systems (DCS) at 12 of the energy company’s butane factories across Spain. The 18 month-long migration project was executed in a systematic manner, with…

TechnipFMC sells Measurement Solutions business for $205 million

TechnipFMC plc (Paris) announced an agreement to sell the company’s Measurement Solutions business to One Equity Partners for $205 million in cash, subject to customary adjustments at the closing of the transaction. As part of the Surface Technologies segment, the…

Röhm’s Acrylic Products business unit and Sabic’s Functional Forms business unit merging to form Polyvantis

Röhm (Darmstadt, Germany) announced that its Acrylic Products business unit and SABIC's (Riyadh, Saudi Arabia) Functional Forms business unit are going to be merged to form a new firm called Polyvantis. Polyvantis will be a new global player in the…

Veolia to divest infrastructure subsidiary to NGE

Veolia S.A. (Paris) announced the signature of an agreement for the acquisition by NGE, an independent public works group, of SADE-CGTH, its wholly-owned subsidiary specializing in the construction and rehabilitation of water and infrastructure networks. The amount of the sale,…

Cepsa begins first production of circular phenol from single-use plastics

Cepsa  (Madrid, Spain) completed the first operation in Spain for the co-processing of recycled plastic pyrolysis oil. This project, carried out at the La Rábida Energy Park in Huelva, enabled the production of raw material that the company then converted…

Veolia inaugurates France’s first unit for reusing treated wastewater to produce drinking water

Veolia S.A. (Paris) and Vendée Eau inaugurated France's first unit for reusing treated wastewater to produce drinking water as part of the Jourdain programme. This solution will provide an additional resource of 1.5 million m3 of drinking water over the…