Bp plc (London) unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing center and analytical laboratory in the UK. bp has previously announced its intention to invest up to…
The Mitsubishi Chemical Group（MCG）has decided to increase its annual production capacity of SoarnoL ethylene vinyl alcohol copolymer (EVOH) resin by 21,000 metric tons per year (m.t./yr) in the U.K. at MCG’s site in Saltend. Once construction begins in April 2023,…
Maire Tecnimont S.p.A. (Milan, Italy) announced that its subsidiary NextChem has been awarded a Front-End Engineering Design (FEED) contract by a market leader in plastics and chemicals for an advanced mechanical recycling plant of municipal plastic waste in Europe. The aim of the project…
Indorama Ventures Ltd. (IVL; Bangkok, Thailand) has entered into a non-binding agreement with Capchem Technology USA Inc. (Capchem USA) to study the opportunity to build and operate a world-class lithium-ion battery (LIB) solvents plant at one of IVL's petrochemical facilities…
Neste Corp. (Espoo, Finland) has agreed to acquire 100% of Walco Foods, an Irish trader of animal fats. The transaction is subject to the fulfillment of customary closing conditions and regulatory approval. “This is another important step for Neste in…
The Chemours Company (Wilmington, Del.) announced that it will be expanding its Chemours Opteon YF (HFO-1234yf) capacity to help meet customer needs as they continue transitioning to lower GWP refrigerants. The Opteon YF and YF blends refrigerants are now used…
INEOS (London) and Sinopec (Beijing, China) signed three back-to-back deals worth a combined value of $7 billion. These landmark agreements are expected to generate a combined turnover of around $10bn from 7 million tons of capacity. The three agreements will…
Black & Veatch (Overland Park, Kan.) has joined the Australian Hydrogen Council (AHC) as part of its efforts to accelerate the global shift to zero emission energy and speed the development of a global hydrogen energy economy. “As a leading…
CP Kelco (Atlanta, Ga.) has made extensive progress in expanding biogums production capacity at two of its plant facilities: Okmulgee, Oklahoma, USA and Wulian, China. These expansion initiatives are integral pieces of the company’s significant, multi-year investment program focused on…
LG Chem Ltd. and GS Caltex (both Seoul, South Korea) are establishing a pilot plant to develop a white-bio ecosystem and commercialize bio raw materials following the announcement of their joint development agreement last year. LG Chem’s CEO Hak Cheol…