Toray Industries, Inc. (Tokyo) announced that it has opened the Toray Taiwan Technical Center. The new facility will reinforce R&D in advanced semiconductor technologies and materials and provide technical services in the Taiwan market, which is becoming increasingly important in…
With the mechanical completion of new production lines at the Map Ta Phut Industrial Park in Thailand, Covestro AG (Leverkusen, Germany) has further increased its global capacity for polycarbonate (PC) specialty films. The investment is in the higher double-digit million…
Abu Dhabi National Oil Company (ADNOC) P.J.S.C. and OMV AG (Vienna, Austria) have agreed to terms of a binding Framework Agreement regarding the proposed combination of shareholdings in joint venture Borouge plc and Borealis Group AG (Vienna, Austria). ADNOC has…
Honeywell International, Inc. announced that it has agreed to acquire Sundyne (Arvada, Colo.) from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader…
Idemitsu Kosan Co.,Ltd. (Tokyo) has decided to construct a large-scale production facility for lithium-sulfide (Li2S), a material used in all-solid-state lithium-ion rechargeable batteries. The company will expand production capacity of lithium sulfide, an important intermediate raw material for solid electrolytes,…
LyondellBasell Industries N.V. (LYB; Rotterdam, the Netherlands) announced an investment to expand propylene production capacity at its Channelview Complex near Houston. Groundbreaking and construction are expected to begin in the third quarter of 2025, with a projected startup in late 2028.…
Respondents to a Q4 2024 survey of industrial leaders conducted by the ARC Advisory Group (Dedham, Mass.; www.arcweb.com) ranked artificial intelligence (AI) first, by a relatively large margin, among the digital technologies that they expect to be the most impactful…
A pilot plant intended to manufacture silica aerogel products for different applications, including spray insulation, is being planned by the company Aeroskin Tech AG (Zurich, Switzerland; www.aeroskintech.com). Aerogels are dried gels that maintain their volume when dried, and have nanoscale…
Olivine, a magnesium-iron silicate mineral, is common in the earth’s subsurface, and can sometimes contain other valuable elements, such as cobalt, manganese and nickel. Olivine has been explored as a possible sink for atmospheric carbon dioxide in carbon-capture methods that…
Algae show promise for removing nutrients like phosphorus and nitrogen from wastewater due to their natural absorption abilities. However, the widespread use of algae-based wastewater treatment is limited by challenges related to system footprint, mass transfer and maintaining optimal conditions…