Latest News: Business
thyssenkrupp nucera commissions chlor-alkali plant for Kutch Chemical in India
thyssenkrupp nucera (Dortmund, Germany; www.thyssenkrupp-nucera.com) has successfully commissioned a major chlor-alkali plant for Kutch Chemical Industries Limited in Padana, Gujarat, India. The plant has an annual production capacity of 220,000 metric tons of caustic soda (NaOH). With a production capacity…
PeroCycle announces MoU to develop CO2-to-CO pilot reactor in U.K.
University of Birmingham (www.birmingham.ac.uk) spin-out PeroCycle Ltd. (Cambridge, U.K.; www.perocycle.com) has announced a memorandum of understanding (MoU) with Glass Futures Ltd to develop a scaling platform for technology that could cut carbon emissions from foundational industries, including steelmaking, by up…
Mitsui Chemicals to acquire JSR Corp. for $11.6 billion
Mitsui Chemicals, Inc. (Tokyo) has signed an agreement to acquire JSR Corp. (Tokyo), a developer and manufacturer of semiconductor materials including photoresists, from investment funds managed by JIC Capital, Ltd. (Tokyo). The transaction, valued at ¥1.84 trillion ($11.6 billion) including…
Dsm-firmenich ramps up production at new hydrogenated rosin resin unit
dsm-firmenich AG (Kaiseraugst, Switzerland) announced the ramp-up of production of a brand-new unit at its site in Vielle-Saint-Girons, southwestern France. Commissioned during the first half of 2026, this new facility manufactures DRT Industry Ingredients hydrogenated bio-based resins and derivatives for…
Evonik Oxeno deploys AI-based process models in live plant operations
Evonik Industries AG (Essen, Germany) announced that Evonik Oxeno GmbH & Co. KG (Marl, Germany) has introduced AI-based process models into live plant operations for the first time, achieving higher energy efficiency and lower CO₂ emissions. In addition, decisions can…
Sonatrach and World Bank Group sign MOU to advance climate initiatives in Africa
Sonatrach S.p.A. (Algiers, Algeria), the International Bank for Reconstruction and Development (IBRD; Washington, D.C.) and the International Finance Corporation (IFC; Washington, D.C.), both members of the World Bank Group (Washington, D.C.), have signed a memorandum of understanding (MOU). The MOU…
Ferrovial wins $537.9-million contract for water reclamation facility in Fort Worth
Ferrovial SE (Amsterdam, the Netherlands), a leading global infrastructure company, has been awarded a $537.9 million contract to deliver the Mary’s Creek Water Reclamation Facility in Fort Worth, Texas. The contract marks the company’s largest U.S. water infrastructure project to…
Current Chemicals expands rare-earth fluoride production in Cleveland
Current Chemicals, Inc. (CCI; Cleveland, Ohio), a U.S.-based company converting separated rare-earth oxides into the fluorides used to make rare-earth metals and magnets, announced an additional investment from its lead shareholder, Momentum Global Ventures B.V. (Amsterdam; MGV). The investment will…
Rio Tinto approves $144 million for next phase of Resolution Copper project in Arizona
Rio Tinto plc (London) has approved a $144 million investment by Resolution Copper Mining LLC (Superior, Ariz.), of which Rio Tinto's share is $79 million, to advance the next phase of development at the project in Arizona, one of the…
Nouryon to launch MMAO production in China for solar and automotive plastics
Nouryon Chemicals Holding B.V. (Amsterdam, the Netherlands) is adding new production of its modified methylaluminoxane, or MMAO, in Jiaxing, China, to meet growing demand for the high-performance plastics used in solar panels and cars. The company will begin producing MMAO,…