Merck KGaA (Darmstadt, Germany) announced a collaborative partnership with Siemens (Munich, Germany) for the digitalization of production. This partnership is to result in the development of a process control system for the modular production of innovative materials and products for…
Aspen Technology, Inc. (Bedford, Mass.) announced that Hengli Petrochemical (Dalian) Refinery (Hengli), a leading Fortune Global 500 refinery in China, has chosen Aspen DMC3 software to accelerate digitalization at its integrated refining and chemical plant in Dalian, China. With this…
Mitsubishi Heavy Industries Ltd. (MHI; Tokyo, Japan) has agreed to make a capital investment in H2U Investments, the holding entity of the H2U Group. The H2U Group includes The Hydrogen Utility (H2U), the leading Australian developer of green hydrogen and…
Evonik Industries AG (Essen, Germany) has made a second investment in HPNow, based in Copenhagen, Denmark, through its venture capital unit. Evonik participated in the first financing round of the start-up as early as 2017. Co-investor is the London-based venture…
Samsung Engineering Co. (Seoul, South Korea) announced that it received an LOI (Letter Of Intent) for a $ 1.07 billion contract from Sarawak Petchem Sdn Bhd (Sarawak Petchem) for the construction of a methanol plant in Sarawak, Malaysia. Samsung Engineering…
Braskem (São Paulo, Brazil) and Haldor Topsoe A/S (Lyngby, Denmark) have announced that they achieved their first-ever demo-scale production of bio-based monoethylene glycol (MEG). As a result of the collaboration between the two companies, the MOSAIK technology development has been progressing…
Solvay S.A. (Brussels, Belgium) has reached an agreement with Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium percarbonate business in Germany. Solvay’s barium and strontium business includes a joint venture…
Ineos (London) announced that INEOS Olefins and Polymers USA that it has agreed to principle terms with Sasol Chemicals North America LLC to acquire its 50% membership interest in Gemini HDPE LLC (Gemini) for $404 million. Gemini is a toll-manufacturer…
Sinopec (Beijing, China) has established strategic cooperation with three top institutions in Beijing, China, to take lead in a joint research on the energy and chemical industry's carbon emissions peak and carbon neutrality. Sinopec invited thought leaders and experts in…
Perstorp AB (Malmö, Sweden) has developed a production concept to produce methanol from a large variety of recovered end-of-life streams and hydrogen from electrolysis. Project AIR will build a first-of-a-kind, large scale, commercial Carbon Capture and Utilization (CCU) unit to…