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Latest News: Business

Econotherm awarded contract for heat-pipe heat exchangers at Netherlands refinery

Econotherm (Bridgend, U.K.; www.econotherm.co.uk) has been awarded a contract exceeding €3 million for the supply of three fired heater air pre-heaters in a Rotterdam-based refinery. The project, which is being undertaken by the refiner as part of its overall greenhouse-gas…

Sumitomo Bakelite to acquire chemical business from Kyocera

Sumitomo Bakelite Co. (Tokyo) announced plans to acquire all shares of a company newly established by Kyocera Corp., and thereafter will succeed part of the Chemical Business from Kyocera by an absorption-type company split. By acquiring shares of the New…

LANXESS secures green electricity supply to power several production sites in Bavaria

LANXESS AG (Cologne, Germany) and VERBUND, Austria’s leading energy company and one of Europe’s largest producers of hydroelectric power, have signed a contract for the supply of green electricity for the next three years. The agreement ensures a fully sustainable…

Syzygy Plasmonics to supply SAF to Trafigura in landmark deal

Syzygy Plasmonics (Houston), a global leader in light-driven chemical reactor technology, announced a binding six-year Sustainable Aviation Fuel (SAF) offtake agreement between its subsidiary, SP Developments Uruguay S.A., and Trafigura Pte Ltd., a market leader in the global commodities industry.…

Ecolab and CDP launch Water Use Efficiency Index, a new benchmarking tool for industry

Ecolab Inc. (St. Paul, Minn.) and CDP announced a strategic partnership to launch the Water Use Efficiency Index, a new benchmark designed to help companies measure, compare and improve operational water performance. Announced at the World Economic Forum Annual Meeting…

Jacobs to modernize major wastewater-treatment facility in California

Jacobs has been selected as the progressive design-build contractor for upgrades to the San José–Santa Clara Regional Wastewater Facility (RWF) in California. This $200 million project will modernize the city's biosolids treatment infrastructure, delivering long-term reliability at the second largest…

Flocean selected as winner of World Economic Forum Water Resilience Challenge

Flocean AS (Oslo, Norway) has been selected as a winner of the World Economic Forum’s (WEF) prestigious Water Resilience Challenge. Amidst a record number of applications, Flocean was selected by UpLink, the global change platform of WEF that seeks to…

Lummus invests in InnoVent Renewables to advance tire-recycling technology

Lummus Technology (Houston) announced a strategic investment in InnoVent Renewables to accelerate deployment of its proprietary tire recycling technology. “Investing in InnoVent reinforces our commitment to advancing sustainable, circular technologies that solve real environmental challenges,” said Leon de Bruyn, President…

Zeeco completes acquisition of Devco Process Heaters

Zeeco, Inc. (Tulsa, Okla.) announced the acquisition of Devco Process Heaters, a Tulsa-based fired-heater design and technology company. The move strengthens Zeeco's position in the United States midstream oil and gas market. Through its newly expanded capabilities, Zeeco will be…

Borealis invests €49 million in Burghausen, Germany to scale up PP manufacturing

Borealis Group (Vienna, Austria) announces a €49 million strategic investment to scale up production of Borstar® Nextension polypropylene (PP) at its manufacturing site in Burghausen, Germany. This will expand commercial production of next-generation single-site polypropylene (ssPP) grades that deliver enhanced…