MOL Group (Budapest, Hungary) signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after…
Phillips 66, Inc. (Houston) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner. It will receive…
BASF SE (Ludwigshafen Germany) announced that its Petrochemicals division has completed its upgrades for Superabsorbent Polymers (SAP) after a $19.2 million investment into its Freeport, Texas site. The project, which began in 2023, involved the installation of new equipment to…
Air Liquide S.A. (Paris) will invest around $150 million to expand its production capacity and pipeline network in Tennessee, in the context of a new long-term contract with LG Chem Ltd. (Seoul, South Korea). Supplying oxygen to LG Chem’s future…
The Mitsubishi Chemical Group (MCG Group; Tokyo) has decided to increase its production capacity of ion-exchange resins used to produce ultrapure water for use in semiconductor manufacturing processes at Mitsubishi Chemical’s Kyushu-Fukuoka Plant in Kitakyushu City, Fukuoka Prefecture, Japan. The…
Toyo Engineering Corp. (Tokyo) has been awarded the front-end engineering design (FEED) contract for an ethanol to ethylene production facility by Braskem Siam Company Ltd. This company is a joint venture between Braskem S.A. (São Paulo, Brazil) and SCG Chemicals…
Vianode, an advanced battery materials company providing anode graphite solutions, has officially opened its first full-scale Via ONE anode graphite production plant at Herøya, Norway. The production ramp-up represents a significant step in building a European value chain for batteries…
ABB Robotics is collaborating with U.S. startup Molg to create robotic microfactories to recover and recycle datacenter operators’ disused electronic equipment, commonly known as e-waste. With global e-waste projected to rise to 75 million tons by 2030, the microfactories will…
CB&I (Houston) has been awarded a sizeable lump sum contract by the Saipem Clough joint venture for engineering, procurement and construction (EPC) of ammonia storage and other process tanks for the Perdaman Chemicals and Fertilizers Urea Plant located on the…
Evonik Industries AG (Essen, Germany) is reorganizing two business lines to strengthen their growth prospects. Coating & Adhesive Resins and Health Care will focus on and concentrate future investments in their respective core businesses. The remaining businesses outside these cores…