Latest News: Business
MOL Group opens first biomethane plant in Szarvas, Hungary
MOL Group Plc. (Budapest, Hungary) has inaugurated its first biomethane plant in Szarvas, Hungary. As a result of the investment of more than HUF 2.7 billion, the facility can now produce biomethane from biogas of a purity suitable for injection…
Tosoh to acquire Asahi Kasei’s stake in HDI monomer JV, taking full ownership
Tosoh Corp. (Tokyo) has decided to acquire all shares (50%) of Nanyo Kasei Co., Ltd. (Tokyo), a joint venture with Asahi Kasei Corp. (Tokyo). The deal will make Nanyo Kasei a wholly owned subsidiary of Tosoh. Nanyo Kasei was established…
Fujifilm to expand CMP slurry production in Arizona with $18-million investment
FUJIFILM Corp. (Tokyo) will expand its semiconductor materials business by enhancing production facilities for copper interconnect CMP (chemical mechanical planarization) slurries at the FUJIFILM Electronic Materials U.S.A., Inc. (North Kingstown, R.I.) production site in Mesa, Ariz. Fujifilm will also establish…
Evonik, Toyotsu Chemiplas and Sanyo Chemical team up on polyurethane foam recycling
Evonik Industries AG (Essen, Germany) has partnered with Toyotsu Chemiplas Corp. (Tokyo, Japan) and Sanyo Chemical Industries, Ltd. (Kyoto, Japan) to develop a recycling model for polyurethane foam in Japan for Japan. The partners aim to convert discarded foam into…
SLB launches new fluid-systems production plant in Mozambique
SLB N.V. (Houston, Tex.) announced the opening of a new fluids systems plant in Pemba, Mozambique. The new facility strengthens in-country capacity to prepare, store and deliver drilling and completion fluids for offshore operations, reinforcing the infrastructure needed as Mozambique’s…
Eni CCUS Holding installs milestone offshore CCS platform in Liverpool Bay
Eni CCUS Holding, owned jointly by Eni S.p.A. (Rome, Italy) and Global Infrastructure Partners (GIP; New York), part of BlackRock, Inc. (New York), announced that Liverpool Bay CCS has completed the installation of the new Douglas CCS platform in Liverpool…
STX Group signs e-methane offtake agreement from TURN2X plant in Spain
STX Group (Amsterdam, the Netherlands), a leading environmental commodity trader, has announced its first offtake of RFNBO (Renewable Fuel of Non-Biological Origin)-compliant e-Methane, produced by TURN2X GmbH (Munich, Germany) at its first commercial plant in Spain. The agreement provides STX…
Hertha Metals breaks ground for high-purity iron plant in Texas
Hertha Metals Inc. (Conroe, Texas) broke ground on Hertha Chalyx, its first commercial plant, designed to produce about 10,000 metric tons a year of steel-grade and magnet-grade high-purity iron combined. Built next to Hertha’s Pi100 pilot plant, Chalyx forms the…
Veolia completes $58-million wastewater treatment facility in New Jersey
Veolia S.A. (Paris) announced the completion of the Princeton Meadows Wastewater Treatment Facility with a ribbon-cutting ceremony, marking a major investment in resilient infrastructure, environmental protection and long-term water sustainability. Serving approximately 11,000 residents and businesses, the new facility features…
Metacon awarded funding for biomethane-to-hydrogen pilot in Crete
The wholly owned Greek subsidiary of Metacon AB (publ) (Uppsala, Sweden), Metacon S.A. (Patras, Greece), has been awarded E.U. project funding to develop and demonstrate hydrogen production from biomethane in the BIOH2VAP project. The project will validate Metacon’s reforming technology…