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…
Solvay S.A. (Brussels, Belgium) announced the official inauguration of its regenerative thermal oxidation (RTO) process at its Green River, Wyoming plant, marking a key milestone in the Group’s global efforts to reduce greenhouse gas emissions and drive sustainable growth. This…
AGC Biologics announced the successful completion of the final milestone at a new manufacturing facility at the company's Copenhagen site. The site received authorization and a license to begin production from the Danish Medicines Agency for the new four-story 19,000…
Rio Tinto plc (London) and Arcadium Lithium plc (Philadelphia, Pa.) announced a definitive agreement (the Transaction Agreement) under which Rio Tinto will acquire Arcadium in an all-cash transaction for $5.85 per share. The Transaction represents a premium of 90% to…
McDermott International, Ltd. (Houston) announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement, McDermott expects to receive $475…
Lummus Technology (Houston) announced new analytical services for per- and polyfluoroalkyl substances (PFAS), also known as "forever chemicals." The services provide accurate detection of a wide range of PFAS compounds, helping water and wastewater operators assess contamination levels and monitor…
MAIRE S.p.A. (Milan) announced that NextChem and KazMunayGas-Aero (KMG AERO) have signed an agreement to collaborate on advancing energy transition initiatives, leveraging on NextChem’s proprietary technology portfolio and process engineering capabilities. These initiatives aim at contributing to the decarbonization and…
Covestro AG (Leverkusen, Germany) plans to invest around €100 million in its global R&D infrastructure and assets. With investments over a timeframe of three years until 2025, the global supplier of high-performance materials continues to secure its future competitiveness in…
Honeywell International, Inc. (Charlotte, N.C.) announced a plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company, which is targeted to be completed by the end of 2025 or early 2026. Honeywell expects to execute…