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Latest News: Sustainability

Synova, SABIC and Technip Energies collaborating on valorization of plastic waste

Synova, SABIC Global Technologies B.V., an affiliate of Saudi Basic Industries Corporation (SABIC), and Technip Energies (T.EN) have signed a Joint Development and Cooperation Agreement on November 23, 2022 to collaborate on the development and realization of a commercial plant,…

ExxonMobil and Mitsubishi Heavy Industries form carbon capture technology alliance

ExxonMobil Corp. (Houston) and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers. The joint effort combines ExxonMobil’s and MHI’s years…

Honeywell and Environ join forces to promote circular plastic economy in Egypt

Honeywell International Inc. (Charlotte, N.C.) has signed a Memorandum of Understanding (MoU) with Egypt’s Environ Adapt for Recycling Industries with the aim of advancing plastics recycling in the country. The two organizations will explore the development of the first chemical recycling facility…

LanzaTech and Sumitomo Riko partner on sustainable isoprene production

LanzaTech, Inc. (Skokie, Ill.) and Sumitomo Riko Company Ltd. have entered into a joint-development agreement to reuse rubber, resin and urethane waste for the production of a key chemical intermediate, isoprene. Isoprene is produced by plants, and along with its…

LG Chem to construct a ‘dry methane reforming’ facility to convert captured CO2 into plastics

LG Chem (Seoul, South Korea) will construct an innovative carbon mitigation facility that will produce raw materials for plastics using carbon dioxide to build its foundation to achieve 2050 Net Zero. LG Chem will construct a DRM (Dry Reforming of…

Axens and Chiyoda ink cooperation agreement for hydrogen carrier technologies

Axens (Rueil-Malmaison, France) announced the signature of a Joint Commercial Cooperation Agreement (JCCA) with Chiyoda Corp. (Yokohama, Japan). The purpose of this cooperation is to facilitate hydrogen supply chain projects via methylcyclohexane (MCH) (1) as Liquid Organic Hydrogen Carrier (LOHC), and promote…

Cemex details CCUS plans in Europe and North America

Cemex, S.A.B. de C.V. (Monterrey, Mexico) is continuing its efforts to lead the transition to a net zero construction industry by implementing several new Carbon Capture, Utilization, and Storage (CCUS) projects throughout its global cement operations. CEMEX’s new CCUS projects…

TotalEnergies and Air Liquide to produce low-carbon hydrogen at the Grandpuits Zero Crude Platform

TotalEnergies (Paris) and Air Liquide are entering a partnership related to producing and valorizing low-carbon hydrogen at TotalEnergies Granpuits biorefinery site. Under a long-term contract, Air Liquide will invest over 130 million euros in the construction and operation of a…

Neste acquires another used-oils business in the U.S.

Neste Corp. (Espoo, Finland) has agreed to acquire the used cooking oil (UCO) collection and aggregation business and related assets in the United States from Crimson Renewable Energy Holdings, LLC. The transaction includes shares in SeQuential Environmental Services, LLC, and…

SK Geo Centric and Plastic Energy to establish Asia’s largest advanced recycling plant

SK geo centric (SKGC; Seoul, South Korea) signed an HOA (head of agreement) for building advanced recycling (pyrolysis) plant within its recycling cluster in Ulsan with Plastic EnergyLtd., the UK-based advanced plastic recycling technology company, in Seoul, South Korea. The signing…