Maire Tecnimont S.p.A. (Milan, Italy) announces that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three large-scale Delayed Coker…
Merck KGaA (Darmstadt, Germany) announced a collaborative partnership with Siemens (Munich, Germany) for the digitalization of production. This partnership is to result in the development of a process control system for the modular production of innovative materials and products for…
Evonik Industries AG (Essen, Germany) has made a second investment in HPNow, based in Copenhagen, Denmark, through its venture capital unit. Evonik participated in the first financing round of the start-up as early as 2017. Co-investor is the London-based venture…
Samsung Engineering Co. (Seoul, South Korea) announced that it received an LOI (Letter Of Intent) for a $ 1.07 billion contract from Sarawak Petchem Sdn Bhd (Sarawak Petchem) for the construction of a methanol plant in Sarawak, Malaysia. Samsung Engineering…
Solvay S.A. (Brussels, Belgium) has reached an agreement with Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium percarbonate business in Germany. Solvay’s barium and strontium business includes a joint venture…
Ineos (London) announced that INEOS Olefins and Polymers USA that it has agreed to principle terms with Sasol Chemicals North America LLC to acquire its 50% membership interest in Gemini HDPE LLC (Gemini) for $404 million. Gemini is a toll-manufacturer…
Arkema SA (Colombes, France) has started up its 50% capacity increase of Kynar fluoropolymer for the lithium-ion battery business at its Changshu plant in China in December 2020, with the first commercial supplies for January 2021. Driven by strong growth…
Vale (Rio de Janeiro, Brazil) inaugurated the Pico Block plant, the first pilot plant for civil construction products made from tailings from mining activities. The plant, which has been set up at the Pico mine, in the city of Itabirito,…
Hyundai Motor Co. and INEOS (London) announced the signing of a memorandum of understanding (MoU) to explore new opportunities to accelerate the global hydrogen economy. Hyundai and INEOS will jointly investigate opportunities for the production and supply of hydrogen, as…
Koch Fertilizer announced that it anticipates investing nearly $140 million at its Fort Dodge, Iowa plant to revamp existing production processes, which is expected to increase yearly ammonia production capacity by 85,000 tons. The investment also will further improve reliability…