BP plc (London) announced that it has agreed to sell its global petrochemicals business to INEOS (London) for a total consideration of $5 billion, subject to customary adjustments. The agreed sale, the next strategic step in reinventing bp, will further strengthen bp’s balance…
Drax Group and Mitsubishi Heavy Industries Engineering, Ltd., part of Mitsubishi Heavy Industries Group (MHI), have agreed a new bioenergy with carbon capture and storage (BECCS) pilot project at Drax Power Station which will get underway this autumn. The pilot…
Royal DSM N.V. (Geleen, the Netherlands) and Clariant AG (Muttenz, Switzerland) announced an agreement for DSM to take over certain parts of Clariant’s 3D printing business portfolio. The agreement allows DSM to offer customers rapid product development iterations for filaments…
BP plc (London) announced that bp ventures has invested $5 million in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions. Satelytics collects high resolution spectral imagery…
Siemens AG (Munich, Germany) has signed an agreement to acquire Cambridge, UK-based UltraSoC Technologies Ltd., a provider of instrumentation and analytics solutions that put intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of system-on-chip (SoC). Siemens plans…
In Austria, a consortium of Lafarge Zementwerke, a member of LafargeHolcim Group, OMV, VERBUND and Borealis have co-signed a Memorandum of Understanding (MOU) for the joint planning and construction of a full-scale plant by 2030 to capture CO2 and process…
Air Monitor Corporation announced the release of a new website design. The seamless new design uses the latest UX/UI design principles for customers in the HVAC, Industrial, and Power industries. This functional new design will help customers find products,…
Cummins Inc. (Columbus, Ind.) announced an agreement to form a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX."We are thrilled to combine Cummins’ expertise,…
Braskem America (Philadelphia, Pa) announced the construction completion of its newest, polypropylene production facility located in La Porte, Texas. Braskem's new facility has a designed production capacity of over 450,000 metric tons per year (m.t./yr) and has the capability to…
Agilyx Corp. (Tigard, Ore.) announced an exclusive collaboration with TechnipFMC to jointly develop a process to purify Agilyx Styrene Oil to high-purity styrene. This collaboration has been the result of over a year of evaluation, and their desire to expand…