Mobile Navigation

Latest News: Business

PyroGenesis Canada signs letter of intent with Evonik related to silica production in North America

PyroGenesis Canada Inc., a company that designs, develops, manufactures and commercializes advanced plasma processes, announced the signing by HPQ Silica Polvere Inc. of a letter of intent (LOI) with Evonik Corp., a global specialty chemicals company that manufactures a wide…

BASF Environmental Catalyst and Metal Solutions breaks ground in Germany on new plant for electrolyzer and fuel-cell components

BASF Environmental Catalyst and Metal Solutions (ECMS) commenced construction of its first state-of-the-art production facility for green hydrogen and fuel-cell components in Budenheim, Germany, near Frankfurt. The products produced at this site will include newly developed low-iridium-loaded catalyst coated membranes…

Global Bioenergies announces process technology for conversion of acetic acid to e-SAF

Global Bioenergies (Evry, France) announced that it has adapted its process for the conversion of plant resources into Sustainable Aviation Fuels (SAF) to produce e-SAF, using acetic acid as a resource. e-SAFs are derived from the combination of CO2 and…

Thermo Fisher Scientific completes acquisition of proteomics solutions provider Olink

Thermo Fisher Scientific Inc. (Waltham, Mass.) announced that it has completed its acquisition of Olink Holding AB (Uppsala, Sweden), a leading provider of next-generation proteomics solutions. The transaction values Olink at approximately $3.1 billion, net of $96 million of acquired…

Elementis opens sustainable coatings production plant in China

Elementis plc (London) has  announced a significant development to the coatings industry with the expansion of its NiSAT (Non-Ionic Synthetic Associative Thickeners) technology production in China. This strategic initiative is set to deliver performance and eco-friendly features to the Chinese…

Evonik to expand sodium methylate production plant in Argentina

Evonik Industries AG (Essen, Germany) has announced the expansion of its sodium methylate production capacity at its Rosario plant, located in the Sante Fé Province in Argentina. With this expansion, the company strengthens its position as a leader in the…

Lummus and MOL Group start design of advanced waste-plastic recycling facility

  Lummus Technology (Houston; www.lummustechnology.com), a global provider of process technologies and value-driven energy solutions, and MOL Group (Budapest, Hungary; www.molgroup.info), the leading integrated Central Eastern European oil and gas corporation, announced the commencement of the design phase for the…

World-first trial for recycling carbon dioxide from steel production begins at ArcelorMittal facility

ArcelorMittal SA (Luxembourg; www.arcelormittal.com) and Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo; www.mhi.com) are working with a climate tech company, D-CRBN (Antwerp, Belgium; www.d-crbn.com), to trial a new technology to convert CO2 captured at ArcelorMittal’s plant in Gent, Belgium into carbon…

Corporate researchers embrace artificial intelligence, but concerns remain, new survey suggests

A new survey of 300 corporate researchers in industries including pharmaceuticals, life sciences and chemicals has been published by Elsevier B.V. (Amsterdam, the Netherlands; www.elsevier.com), a global leader in scientific information and data analytics. The 2024 Elsevier Attitudes on AI…

Honeywell to acquire Air Products’ LNG business for $1.8 billion

Honeywell (Charlotte, N.C.) and Air Products (Lehigh Valley, Pa.) jointly announced that Honeywell has agreed to acquire Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This represents approximately 13x estimated…