Last month, the U.S. Department of Energy (DOE, www.energy.gov) announced that two Energy Innovation Hub teams would receive a total of $125 million ($62.5 million to each team) in funding over five years to “seed and accelerate next-generation technologies beyond…
Fujifilm Corp. (Tokyo) announced an investment of 20 billion yen in its semiconductor materials business to further strengthen its facilities for the development, production and quality evaluation of advanced semiconductor materials in Shizuoka and Oita, Japan. The total amount of…
Gevo, Inc. (Englewood, Colo.) has acquired Cultivate Agricultural Intelligence, LLC (CultivateAI) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s…
Schneider Electric (Paris) has partnered with Glencore Ltd. (Baar, Switzerland) to transform its copper supply chain and enhance decarbonization efforts. S&P Global estimates that demand for copper will double by 2035, driven by electrification and the clean energy transition. Balancing…
Avient Corp. (Cleveland, Ohio) is expanding the manufacturing of its NEU Custom Capabilities and NEUSoft Thermoplastic Polyurethane (TPU) solutions for catheter applications to its plant in Suzhou, China. This announcement also coincides with the start of Avient’s exhibit at Medtec…
Air Liquide S.A. (Paris, France) will invest close to €60 million to take over and operate an Air Separation Unit (ASU) within the context of a long-term contract with Wanhua Chemical Group (Wanhua), a global leading supplier of chemical innovative…
Metso Corp. (Espoo, Finland) has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) for the delivery of a traveling grate pelletizing plant for Ruifeng Iron and Steel Group Co., Ltd in Tangshan, Hebei province, China. Metso’s…
Braskem (Philadelphia, Pa.) has been selected by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular…
ECI Group (Baton Rouge, La.) has signed a licensing agreement with Shaanxi Yanchang China Coal Yulin Energy & Chemical Co., Ltd. (YECC) to deliver a 150,000-metric ton/yr copolymer plant project using ECI Group’s proprietary hybrid reactor technology. YECC is part…
Cabot Corp. (Boston, Mass.) announced it has been selected for an award negotiation of up to $50 million by the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains. This grant, part of the Bipartisan Infrastructure Law,…