Latest News: Business
Avantium spins off plant-based polyesters business Parana Materials
Avantium N.V. (Amsterdam, the Netherlands) announced the completion of the spin-out of its Parana Technology into Parana Materials B.V. (Geleen, the Netherlands). Parana Materials is a new, independent company focused on the development and commercialization of plant-based, high-performance polyesters such…
Claros and Daikin to deploy full-scale PFAS destruction technology at Alabama plant
Claros Technologies, Inc. (Minneapolis, Minn.), a leader in permanent PFAS destruction and analytical services, and Daikin America, Inc. (Decatur, Ala.), a leading manufacturer of advanced materials for use in critical applications across various industries, announced the commercial agreement for full-scale…
Nouryon announces start of solar-electricity generation for site power in Illinois
Global specialty chemicals leader Nouryon (Amsterdam, the Netherlands; www.nouryon.com) today announced it has started generating solar power at its manufacturing plant in Morris, Ill., the company’s first solar project in the U.S. Developed in partnership with local energy provider Convergent…
Henkel completes acquisition of Stahl Holdings, expanding into specialty coatings
Henkel AG & Co. KGaA (Düsseldorf, Germany) has successfully completed the acquisition of Stahl Holdings B.V. (Waalwijk, Netherlands), a global player in high-performance specialty coatings for flexible materials. Following the fulfillment of all closing conditions, including the required regulatory approvals,…
Axens to provide process design package for U.S. tire pyrolysis oil project
Axens S.A. (Rueil-Malmaison, France)], a global leader in process technologies for refining, petrochemicals, and circular economy applications, has been selected by a U.S.-based investor and project developer to provide a Process Design Package for a hydroprocessing unit designed to process…
Arkema expands battery Center of Excellence in France with €10 million investment
Arkema S.A. (Colombes, France) is continuing to invest in the battery value chain and recently announced a €10 million expansion project for its Global Battery Center of Excellence located in Oullins-Pierre-Bénite, in the Auvergne-Rhône-Alpes region of France. This investment reflects…
Elkem invests in furnace upgrade project at Rana plant in northern Norway
Elkem ASA (Oslo, Norway) has approved an investment of NOK 260 million to renew a furnace at Elkem Rana in Northern Norway, securing the plant's long-term production of ferrosilicon and Microsilica. The project includes replacement of one of Elkem Rana's two…
Thyssenkrupp nucera wins new chlor-alkali order in Northwest China
thyssenkrupp nucera AG & Co. KGaA (Dortmund, Germany) has secured another chlor-alkali technology order in the low double-digit million-euro range in China, further strengthening its market position and expanding its installed base in Northwest China, a key hub for large-scale…
Tronox and JX Advanced Metals agree to advance rare earth and critical minerals development
Tronox Holdings plc (Stamford, Connecticut), an integrated manufacturer of titanium dioxide (TiO2) pigment, has announced the signing of a cooperation and investment agreement with JX Advanced Metals Corp. (JAXM; Tokyo, Japan) to advance the development of its rare earth and…
Plug Power signs electrolyzer supply agreement for Arcadia eFuels’ flagship plant in Denmark
Plug Power Inc. (Latham, N.Y.) announced it has signed a 280-megawatt (MW) GenEco electrolyzer supply agreement with Arcadia eFuels (Austin, Texas) for Project ENDOR in Denmark, together with a strategic cooperation agreement covering Arcadia's future projects. The agreement follows three…