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Latest News: Business

Aduro Clean Technologies signs LOI for future offtake of circular hydrocarbons

Aduro Clean Technologies (London, Ont., Canada; www.adurocleantech.com), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces that it has signed…

BASF to sell Softex business to GOVI CAST

BASF SE (Ludwigshafen, Germany) has signed an Asset Purchase Agreement to sell its Softex business to GOVI CAST Sdn. Bhd., a leading supplier of specialty chemicals. The transaction includes the customer list, formulation and production know-how, and a tolling/supply agreement…

Indorama Ventures to establish one of Africa’s largest recycling facilities for PET

Indorama Ventures Ltd. (Bangkok, Thailand), together with Nigerian Breweries Plc and Genesis Power & Energy Solutions Ltd, a leading African clean-energy infrastructure development and asset management company, have entered a strategic partnership to establish one of Africa’s largest state-of-the-art recycled…

Abundia and Topsoe enter partnership for waste-to-renewable fuels project

Abundia Global Impact Group, Inc. (Houston) announced that it has entered a multi-project licensing agreement with Topsoe A/S (Lyngby, Denmark) , a leading global provider of technology and solutions for the energy transition, to deploy its HydroFlex® technology for the upgrading…

Clariant completes pilot project on pyrolysis-oil upgrading with Borealis

Clariant AG (Munich, Germany; www.clariant.com), a sustainability-focused specialty chemical company, today announced the successful completion of a collaborative pilot-scale project with Borealis (Vienna, Austria; www.borealisgroup.com), a leading provider of advanced and circular polyolefin solutions, and SINTEF (Trondheim, Norway; www.sintef.no), one…

Asahi Kasei begins installing containerized water electrolyzer at hydrogen refueling station in Finland

Asahi Kasei (Tokyo, Japan; www.asahi-kasei.com), a diversified global company, has started the installation of an Aqualyzer™-C3 containerized 1 MW-class alkaline-water electrolyzer at Finland’s first commercial hydrogen refueling station in Jyväskylä. This development marks the start of the project’s next phase…

Emirates Biotech joins consortium to produce polylactic acid from food waste

Emirates Biotech (Dubai, United Arab Emirates; www.emiratesbiotech.com) has joined the CIRCLE consortium, a flagship initiative funded by the Circular Bio-based Europe Joint Undertaking (CBE JU; www.cbe.europa.eu) under the European Union’s Horizon Europe program. The four-year project has €27 million in…

RCM completes milestone ethanol-expansion project

RCM Thermal Kinetics, a division of RCM Technologies, has announced the successful completion of the first project under its NEXT (New Ethanol eXpansion Technology) engineering program, which was launched in early 2025. This inaugural project marks a historic milestone: a…

Sidara completes acquisition of Wood plc

Sidara (Dubai, U.A.E.) has completed the acquisition of Wood plc (Aberdeen, U.K.), a global leader in consulting, engineering and operations for energy and materials. The transaction marks a transformational milestone for Sidara and significantly advances its long-term strategic ambition to…

Axens signs Memorandum Of Understanding with Airbus on SAF development

Axens (Rueil-Malmaison, France)has signed a Memorandum of Understanding (MoU) with Airbus to strengthen their cooperation in the development and deployment of Sustainable Aviation Fuel (SAF), a key pillar for decarbonizing the aviation sector. Building on their respective leadership in renewable…