Latest News: Business
SLB to acquire thermal management firm Kelvion for around $3.4 billion
SLB N.V. (Houston, Tex.) announced it has signed an agreement to acquire Kelvion Holding GmbH (Herne, Germany), a global provider of thermal management and heat exchange technologies. The acquisition strengthens SLB's Data Center Solutions business with critical thermal management technologies…
Air Products expands hydrogenation capabilities at Allentown chemicals and refinery process lab
Air Products and Chemicals, Inc. (Allentown, Pa.), the world's largest supplier of hydrogen, today announced that it has expanded the hydrogenation capabilities of its state-of-the-art Chemicals and Refinery Process Lab located at its Global Corporate Headquarters in Allentown, Pennsylvania. "The…
Germany’s first CO2 export terminal takes a step closer to commercial development
Ambrian Energy GmbH (Bremen, Germany) and Messer SE & Co. KGaA (Bad Soden, Germany) announce that the planned joint venture "CarbonBridge" has successfully received antitrust approval from the European Commission. This milestone paves the way for the development of the…
Ammobia and Lummus Technology partner on modular ammonia-production technology
Ammobia Inc. (San Francisco, Calif.), a developer of breakthrough low-cost, modular ammonia production technology, announced an agreement with Lummus Technology LLC (Houston, Texas) to license and deploy Ammobia's ammonia production system. Through this partnership, Ammobia's production technology is to be…
OMV Petrom expands green hydrogen production capacity at Petrobrazi refinery
OMV Petrom S.A. (Bucharest, Romania) announced the delivery of all seven modules for its second green hydrogen electrolyzer, with a capacity of 35 MW, at the Petrobrazi refinery. Together with the previously announced 20-MW unit, the total installed green hydrogen…
Envalior and SECARA to develop circular PA6 pathway from end-of-life vehicle plastics
Envalior B.V. (Düsseldorf, Germany) has announced a Memorandum of Understanding (MoU) with SECARA (North Rhine-Westphalia, Germany), a technology scale-up specializing in industrial-scale solutions for closed-loop polymer recycling. Through this collaboration agreement, Envalior will work with SECARA to test and validate…
Emvolon and Freepoint Commodities announce partnership to scale biomethanol production from waste gases globally
Emvolon, Inc. (Woburn, Massachusetts), an MIT spinout commercializing technology that converts methane-rich waste gases into high-value liquid fuels, and Freepoint Commodities LLC (Stamford, Connecticut), a leading global physical commodity merchant, have announced the execution of two definitive commercial agreements. The…
Solstice Advanced Materials and Element Solutions mutually terminate merger agreement
Solstice Advanced Materials Inc. (Morris Plains, N.J.), a global leader in high-performance specialty materials, and Element Solutions Inc. (Fort Lauderdale, Fla.) have entered into an agreement to terminate their previously announced agreement for Solstice to acquire Element in a cash-and-stock…
Cyclic Materials to expand rare-earth recycling infrastructure in South Carolina and Arizona
Cyclic Materials Inc. (Kingston, Ontario, Canada), a company building rare earth production infrastructure through circular supply chains, has announced the completion of a US$75 million strategic financing round, reflecting expanded commitments from existing investors and bringing total equity funding to…
Evonik to build new drug-product manufacturing facility in Vancouver
Evonik Industries AG (Essen, Germany) is investing in a new GMP drug product manufacturing facility for lipid-based drug delivery in Vancouver, Canada. The facility will increase Evonik's development and manufacturing capacity, helping pharmaceutical and biotech customers bring lipid-based pharmaceutical products…