Latest News: Business
Resonac Holdings resolves to spin off petrochemical subsidiary Crasus Chemical
Resonac Holdings Corp. (Tokyo, Japan) has resolved at a meeting of its Board of Directors to execute a partial spin-off (the "Spin-off") of its wholly owned subsidiary, Crasus Chemical Inc., which operates the petrochemical business, effective October 1, 2026. The…
Avanti secures up to $10 million from RiverFort for helium production
Avanti Helium Corp. (Calgary, Alberta) has entered into a definitive investment agreement with RiverFort Global Opportunities PCC Ltd. (Gibraltar) for a secured convertible credit facility with an aggregate face value of up to $10 million (the "Facility"), subject to acceptance…
Closed-loop battery-recycling facility selected for DOE grant
Princeton NuEnergy Inc. (PNE; Bordentown, New Jersey), a U.S.-based advanced battery materials company pioneering direct recycling technologies, has announced that it has been selected to enter award negotiations for a $50 million grant from the U.S. Department of Energy (DOE)…
Asahi Kasei opens battery-separator coating line in North Carolina
Asahi Kasei Corp. (Tokyo, Japan) held a grand opening ceremony on August 20 for its new Hipore™ wet-process lithium-ion battery separator coating line in Charlotte, North Carolina, marking a significant milestone in the execution of the company's North American battery…
MAIRE wins approximately €50 million in new awards in Asia, Europe and North America
MAIRE S.p.A. (Milan, Italy) announced new awards in its Sustainable Technology Solutions (STS) business unit for a total amount of approximately €50 million, with projects located across Asia, Europe, and North America. Stamicarbon B.V. (Sittard, the Netherlands), Nextchem's nitrogen technology…
Xanadu and Mitsubishi Chemical advance quantum computing collaboration for semiconductor manufacturing
Xanadu Quantum Technologies Limited (Toronto, Ont., Canada), a leading photonic quantum computing company, has announced the next phase of its collaboration with Mitsubishi Chemical Corp. (Tokyo, Japan) to advance semiconductor fabrication technologies using quantum computing algorithms. This next phase is…
SOEC green hydrogen test facility breaks ground at BASF’s Schwarzheide site
Industrial Park Lausitz (Schwarzheide, Germany) and Sunfire SE (Dresden, Germany) officially broke ground on a green hydrogen test facility in the presence of representatives from government, business, and industry. At the BASF site, Sunfire will validate its latest and most…
Aker Solutions and Microsoft partner to advance carbon capture and removal projects globally
Aker Solutions ASA (Fornebu, Norway) has signed an agreement with Microsoft Corp. (Redmond, Washington) to advance the maturity, bankability and delivery of carbon capture and storage (CCS) and carbon dioxide removal (CDR) projects across the globe. Under the agreement, Aker…
KBR wins contract for Kazakhstan’s first SAF fuel plant
KBR, Inc. ( Houston, Tex.) announced it has been awarded a contract by KazMunayGas-Aero LLP (KMG-Aero; Astana, Kazakhstan), a subsidiary of NC KazMunayGas JSC, and KazFoodProducts LLP (KFP) for Kazakhstan's first sustainable aviation fuel (SAF) production plant. Under the terms…
Metso acquires pump technologies assets from Valmet
Metso Corp. (Espoo, Finland) has signed an agreement to acquire peristaltic hose pump and progressive cavity pump technologies, as well as related aftermarket spare parts and service offering capabilities, from Valmet Oyj (Espoo, Finland), a global technology leader in serving…