Elementis plc (London) announced that it has agreed to sell its Chromium business to Yildirim Group for an enterprise value of $170 million. The transaction includes the transfer of environmental liabilities of $35 million and other liabilities of $8m, with…
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, 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 (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…
Covestro AG (Leverkusen, Germany) recently started up the production of Naphthylen-Diisocyanate (NDI) for the Vulkollan raw material at a newly built plant in its Map Ta Phut site in Thailand. The groundbreaking of the plant happened almost exactly two years…
Invista (Wichita, Kan.) announced that INVISTA Nylon Chemicals (China) Co. held the inauguration ceremony for its new adiponitrile (ADN) plant at the Shanghai Chemical Industry Park (SCIP). Being a critical part of INVISTA’s integrated nylon 6,6 value chain, the plant,…
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, 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…
LG Chem (Seoul, South Korea) announced the signing of a memorandum of understanding (MOU) with the state of Tennessee to establish a new cathode manufacturing facility in Clarksville with an investment of more than $3 billion. The new plant in…
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…