Neste (Espoo, Finland; www.neste.com) announced that it has acquired a minority stake in Alterra Energy, an innovative chemical recycling technology company. Neste’s equity investment supports Alterra Energy’s expansion. The collaboration between the companies will include joint technology development and global…
Yara International ASA (Oslo, Norway) has entered into an agreement with Libya’s National Oil Corporation (NOC) and the Libyan Investment Authority (LIA) on 31 December 2020 to divest its full ownership interest in the Libyan Norwegian Fertiliser Company (LIFECO). Yara’s…
Saipem S.p.A. (San Donato Milanese, Italy), leading an equally shared joint venture with Clough, has reached the EPC agreement with Perdaman Chemical and Fertilizers Pty Ltd for the development of the Burrup Urea Project. It consists of a Urea Fertilizer…
Aramco (Riyadh, Saudi Arabia) announced a strategic alliance with SAP Saudi Arabia to expand the digitalization of its Enterprise Resource Planning (ERP) systems. The agreement with SAP is another step in Aramco’s digital transformation journey, paving the way for further…
Metso Outotec Corp. (Helsinki, Finland) has signed a contract to deliver a complete package of key process equipment for a greenfield zinc plant in Verkhny Ufaley in the Chelyabinsk region in Russia. The contract value of approximately EUR 100 million…
Neste (Espoo, Finland; www.neste.com) announced that it successfully processed 400 tons of liquefied plastic waste at its refinery in Finland this fall, an amount corresponding to the annual amount of plastic waste generated by 20,000 average European citizens. This was…
One of the leading retailers in the U.K., ASDA, has contracted Air Liquide S.A. (Paris, France) to install and operate six biomethane (BioNGV) distribution stations to refuel trucks on its sites. Alongside other investments to increase Air Liquide’s production and…
Gevo, Inc. (Englewood, Colo.) announced that it has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, and has met the initial milestone to secure control of a site by the end of this year…
Toyo Engineering Corp. (Tokyo), Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corp. (JOGMEC) and Itochu Corp. agreed on a joint feasibility study related to the development of the blue ammonia value chain between eastern Siberia and Japan.…
Equinor Energy AS (Stavanger, Norway) and Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo) announced the signing of a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce…