Honeywell International Inc. (Charlotte, N.C.) announced key leadership roles for its Advanced Materials business, which will be named Solstice Advanced Materials after its tax-free spin to shareholders targeted to be completed by late 2025 or early 2026. The independent company…
Mitsubishi Chemical Group Corp. (MCG; Tokyo) has concluded a license agreement with SNF Group (Andrézieux-Bouthéon, France) regarding MCG Group’s N-vinylformamide (NVF) manufacturing technology. NVF is a raw material for functional polymers. Using the manufacturing technology licensed under this agreement, SNF…
Samsung E&A (Seoul, South Korea) has won a contract for the main construction of the Songdo Bio Raw Materials Plant from global life science company Sartorius AG (Göttingen, Germany). On 21 March, Samsung E&A signed a KRW 518.62 billion contract…
Alfa Laval AB (Lund, Sweden) has signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of Fives Group (Paris, France), for a total fixed purchase price of EUR 800 million on a cash and debt-free basis.…
Aquafil S.p.A. (Arco, Italy) announced that it has launched, in Slovenia, the first demonstration plant for the chemical separation of elastic fiber from nylon, an innovative technology that opens new potential in the textile fiber sector, allowing the company to…
Invenergy (Chicago, Ill.) announced its first clean hydrogen project, the 5-acre Sauk Valley Hydrogen (Sauk Valley) facility in Rock Falls, Illinois, has reached commercial operations. Utilizing power from Invenergy's co-located solar facility and Ohmium International's electrolyzer technology, Sauk Valley can…
Nel Hydrogen US, a subsidiary of Nel ASA (Oslo, Norway), has received a purchase order for one 2.5-MW containerized PEM unit for the Aberdeen Hydrogen Hub project in the north-east of Scotland. The scalable green hydrogen production, storage and distribution…
Aramco (Dhahran, Saudi Arabia) has launched Saudi Arabia's first CO2 Direct Air Capture (DAC) test unit, capable of removing 12 tons of carbon dioxide per year from the atmosphere. The pilot plant, developed in collaboration with Siemens Energy, represents a…
Agilyx ASA (Oslo, Norway) announced the launch of Plastyx Ltd. in collaboration with Carlos Monreal. Plastyx aims to be Europe’s leading feedstock supplier to the advanced plastic recycling market. Plastyx Ltd. is a 60:40 joint venture between Agilyx and Circular…
Versalis, Eni’s chemical company, announced the opening of a new plant in Porto Marghera for the production of plastics made wholly or partially from mechanically recycled raw materials. This project marks another key milestone in the company’s commitment to promoting…