Latest News: Business
Hexcel expands production capacity at Salt Lake City facility
Hexcel Corp. (Stamford, Connecticut) announced the addition of U.S. manufacturing capability for its HexPly® M901 (a high-performance epoxy matrix) prepreg system at the company's Salt Lake City facility. The expansion responds to manufacturers' need for composite materials that can support…
Century Lithium plans commercial-scale chlor-alkali plant to support western U.S. critical minerals supply chain
Century Lithium Corp. (Vancouver, B.C., Canada) has announced its plans to develop a commercial-scale chlor-alkali plant (CA Plant). The CA Plant is intended to support the critical and strategic minerals supply chain in the Western United States and the Company's…
Indorama secures loan facility to double urea fertilizer capacity in China
Anyang Indorama Gases Co., Ltd., a wholly owned subsidiary of Indorama Corp. (Bangkok, Thailand), has signed an RMB 2.4 billion (around US$358 million) long-term loan facility with a consortium of five leading banks in China to finance its Phase II fertilizer…
Demeter Energy advances biomethanol and carbon capture facility in Florida
Demeter Energy (Naples, Fla.) announced continued advancement of development activities for a commercial-scale biomethanol production and carbon capture facility in Manatee County, Florida. The project is designed to convert sustainably sourced biomass into approximately 100,000 metric tons of low-carbon biomethanol…
Toray to sell stake in Indonesia-based polyethylene terephthalate manufacturer
Toray Industries, Inc. (Tokyo) announced that it has decided to transfer all of its shares in Indonesia-based PT. PETNESIA RESINDO (PNR), which manufactures and sells polyethylene terephthalate, to PT. Pioneer Polyindo Complex of Indonesia, and has entered into a share…
USA Rare Earth, Pasqal and Riven Systems partner to advance rare-earth separation technology
USA Rare Earth, Inc. (Stillwater, Okla.), Pasqal, S.A. (Palaiseau, France), a global leader in neutral-atom quantum computing, and Riven Systems (New York, N.Y.), a specialist in AI for industrial chemistry, announced a strategic partnership to develop next-generation separation technology for…
Innophos outlines iron phosphate production plans to support battery supply chain
Innophos (Cranbury, N.J.) is expanding its role in the electric energy storage system and battery markets, leveraging its unique position as a premier North America-based, vertically integrated producer of battery-grade phosphates. Through this initiative, Innophos will produce (i) iron phosphate…
Praj and Gevo enter development and commercialization agreement for bio-isobutanol in India
Praj Industries Ltd. (Pune, India) and Gevo, Inc.(Englewood, Colo.) announced the signing of a Development & Commercialization Agreement for Bio-Isobutanol (Bio-IBA) technology in India, reinforcing their long-standing association to advance sustainable low-carbon fuel solutions. Under the agreement, Praj will lead…
Solenis and Molear join forces to expand nanobubble-based water-treatment applications
Solenis (Wilmington, Del.) has entered into a strategic representation agreement with Moleaer Inc. to expand the use of nanobubble-generating equipment for flocculant polymers used in targeted water and wastewater treatment applications. Under the global agreement, Solenis will serve as Moleaer's exclusive…
CURA Climate Inc. raises $10 million to electrify and decarbonize cement production
CURA Climate Inc. (Calgary, Alberta, Canada) announced $10 million USD in financing. Led by Zacua Ventures (San Francisco, CA), with participation from Sandpiper Ventures (Halifax, Nova Scotia), Amplify Capital (Toronto, Ontario), and Vantage Futures (New York, NY), the financing will…