In October 2021, Neste Corp. (Espoo, Finland) announced that it had signed an agreement to sell its existing base oils business to Chevron Global Energy Inc., a wholly owned subsidiary of Chevron Corp. (San Ramon, Calif.). The transaction includes the…
Alfa Laval AB (Lund, Sweden) has signed an agreement to acquire Desmet, part of the Desmet Ballestra Group, a world leader in engineering and supplying processing plants and technologies for edible oils and biofuel sectors. The acquisition will strengthen Alfa…
Milliken & Co. (Spartanburg, S.C.) announced that it is expanding the facilities and capacity it acquired last March via its purchase of Germany’s Zebra-chem GmbH. Zebra-chem is a specialty compounder and chemicals company that makes additive and blowing agent concentrates for polyolefins,…
Baker Hughes (Houston) and Dussur, a firm owned by the Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC (Saudi Basic Industries Corporation), have signed an agreement to form a joint venture company (JV) focused on providing oilfield and…
Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG), a group company of Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo), has signed a memorandum of understanding (MOU) with Tokuyama Corp. (Tokyo), one of Japan’s leading chemicals/cement manufacturers, on the implementation of a CO2 capture…
Black & Veatch (Overland Park, Kan.) and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in Vietnam. Specializing in renewable energy project development, manufacturing and…
BASF Venture Capital GmbH (BVC), the corporate venture company of BASF Group, announced a strategic investment in Oceanworks, a sustainable plastic solutions provider that brings traceability and transparency through digitalization to recycled plastics. Oceanworks is based in the U.S. and…
Eastman Chemical Co. (Kingsport, Tenn.) has joined 4evergreen, a cross-industry alliance that focuses on the circularity of fiber-based packaging to contribute to a climate-neutral, sustainable society. The goal of the alliance is to raise the overall recycling rate of fiber-based…
McDermott International Inc. (Houston) announced that its storage business, CB&I, will design and build two 500,000-gallon double-wall liquid hydrogen spheres for Plug Power Inc.’s (Latham, N.Y. new green hydrogen production facility in Genesee County, New York. The production facility, leveraging…
Proceeding on the target of commercializing chemical recycling of waste plastic, Neste Corp. (Espoo, Finland) is conducting a feasibility study to examine investing in capacity for processing liquefied waste plastic at its refinery in Porvoo, Finland. The goal is to…