Fortum Oy (Espoo, Finland) will build a hydrogen production pilot plant in Loviisa, Finland. The plant will be located in the Källa area near Fortum’s Loviisa nuclear power plant on a plot owned by the company. The construction of the…
Asahi Kasei Corp. (Tokyo), Mitsui Chemicals, Inc. (Tokyo), and Mitsubishi Chemical Group Corp. (MCG Group; Tokyo) plan to perform a joint feasibility study on feedstock and fuel conversion at the three companies’ ethylene production facilities in western Japan in order…
Climeworks (Zurich, Switzerland) has announced that the world's largest direct air capture and storage plant, named Mammoth, starts operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten times bigger than its predecessor,…
Equinor Energy AS (Stavanger, Norway) has entered into an agreement with Standard Lithium Ltd. (Vancouver, B.C., Canada) to acquire a 45% share in two lithium project companies in Southwest Arkansas and East Texas. Standard Lithium recently commissioned a direct lithium…
Avium, LLC (www.aviumenergy.com), an alkaline electrolysis company supported by Tallgrass, received a three-year, $5 million award from the Department of Energy (DOE). The DOE funding will accelerate the commercialization of robust and reliable alkaline electrolyzers by combining Avium’s proven low-cost,…
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo) has concluded a General License Agreement (GLA) with Chiyoda Corp. (Yokohama, Japan). Under this strategic collaboration agreement, MHI will grant license of "KM CDR Process" and "Advanced KM CDR Process" to Chiyoda, which is…
Asahi India Glass Ltd. (AIS), India’s leading glass manufacturer, and INOX Air Products (INOXAP), India’s largest manufacturer of industrial and medical gases, have entered into a 20-year offtake agreement for supply of Green Hydrogen, to AIS’s greenfield float-glass facility in…
Ashland Global Holdings Inc.’s (Wilmington, Del.) announced that it has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. The transaction is expected to close in the calendar third quarter 2024, subject to the satisfaction…
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings…
BASF SE (Ludwigshafen, Germany) plans to expand the global production capacity of its Basoflux range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s Oilfield Chemicals business to meet the current and future demand of…