Business & Economics
Dow completes sale of flexible packaging laminating adhesives business to Arkema
Dow (Midland, Mich., www.dow.com) announced the completion of its previously announced sale of the company's flexible packaging laminating adhesives business, within Dow's Packaging & Specialty Plastics segment, for $150 million, to Arkema S.A. (Colombes, France; www.arkema.com), a specialty materials leader.…
LG Energy Solution and GM to develop prismatic battery technology
LG Energy Solution (Seoul, South Korea; www.lgensol.com) today announced a new partnership agreement with General Motors (GM; Detroit, Mich.; www.gm.com) for prismatic battery cell technology, marking an extension of the two companies' solid 14-year battery technology partnership. Under this new…
ABB completes acquisition of Aurora Motors
ABB Ltd. (Zurich, Switzerland; www.abb.com) announced today it has completed the acquisition of Aurora Motors. The transaction was originally announced on November 4, 2024, and financial terms were not disclosed. Aurora Motors is a $4 million U.S. vertical pump motors…
Plant Watch: December 2024
Plant Watch Evonik breaks ground on specialty-amine production plant in Nanjing November 11, 2024 — Evonik Industries AG (Essen, Germany; www.evonik.com) has broken ground on its plant expansion for specialty amines in Nanjing, China. The Nanjing plant specializes in producing…
Methods for Conceptual Capital-Cost Estimation
Conceptual capital-cost estimates are important for assessing the economic viability of proposed projects, but their usefulness depends on understanding how to appropriately apply the estimates Capital cost estimates are a crucial step in order to make prudent decisions regarding any…
Cost Engineering with Previously Owned Process Equipment
This article made available to you by: Previously used process equipment can offer significant cost advantages in capital construction projects, but there are important questions to consider before pursuing pre-owned equipment Many misconceptions persist in the marketplace about secondhand equipment.…
Air Liquide will build hydrogen production unit at TotalEnergies biorefinery site
Air Liquide (Paris, France; www.airliquide.com) recently announced a renewable hydrogen production project at TotalEnergies (Courbevoie, France; www.totalenergies.com) La Mède (Provence-Alpes-Côte d'Azur region in France) site. In the context of a long-term contract, Air Liquide will cover the hydrogen needs of…
Cyclyx reaches final investment decision for second plastics circularity center
Cyclyx International, LLC (Portsmouth, N.H.; www.10to90.com), a post-use plastic-to-feedstock innovator and joint venture among Agilyx (Oslo, Norway; www.agilyx.com), ExxonMobil (Spring, Tex.; www.exxonmobil.com), and LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com), has reached a final investment decision for a second Cyclyx Circularity Center…
INNIO hydrogen combined heat and power project wins COGEN Europe award
INNIO Group (Jenbach, Austria; www.innio.com) today announced that it was awarded the COGEN Europe Recognition Award 2024 in the Technology and Innovation category for its 1 MW-class hydrogen combined heat and power (CHP) plant. Powered by green hydrogen, INNIO Group…
NextChem unveils technology center of excellence in Sicily
NextChem (Maire; Milan, Italy; www.nextchem.com) unveiled today its new high-tech engineering center, the “NX Engineering District”, in Catania, Sicily, in a ceremony attended by the local political and institutional leaders. The NX Engineering District, in Sicily’s Science and Technology Park,…