Latest News: Business
FieldComm Group names Tianxin Pharmaceutical 2026 Plant of the Year
FieldComm Group Inc. (Austin, Texas), a global industrial automation standards organization defining open, interoperable standards for industrial communication, device management and enterprise connectivity, has named Tianxin Pharmaceutical (Jiangxi) Co., Ltd. (Leping, China) its 2026 Plant of the Year, recognizing the…
BASF to establish new electronic materials production site in Nanjing
BASF SE (Ludwigshafen, Germany) has signed an investment agreement with Nanjing Jiangbei New Area to establish a new electronic materials production site in Nanjing Jiangbei New Area Materials High-Tech Park. The investment reinforces BASF’s commitment to supporting the development of…
Tata Projects wins EPC contract for GSFC phosphoric acid–sulfuric acid complex in Gujarat
Tata Projects Ltd. (Mumbai, India) an engineering, procurement and construction (EPC) company and a key member of the Tata Group (Mumbai, India), has secured a significant EPC contract from Gujarat State Fertilizers & Chemicals Ltd. (GSFC; Vadodara, India) for the…
Carbon capture trial at ArcelorMittal’s Gent steelworks achieves 90% CO2 capture from blast furnace gas
A carbon capture trial by ArcelorMittal S.A. (Luxembourg City, Luxembourg), Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan), BHP Group Ltd. (Melbourne, Australia) and Mitsubishi Development Pty Ltd (MDP; Brisbane, Australia) has successfully captured carbon dioxide (CO2) from blast furnace gas…
Cambrex breaks ground on $120 million expansion at Iowa API site
Cambrex Corp. (East Rutherford, N.J.), a global contract development and manufacturing organization (CDMO), has marked the groundbreaking of its $120 million expansion at its Charles City, Iowa, facility. The expansion will add 160,000 liters of manufacturing capacity, increasing the site's…
LyondellBasell to sell former Houston refinery site to Valero for $320.5 million
LyondellBasell Industries N.V. (Rotterdam, the Netherlands) announced it has entered into an agreement to sell its former Houston Refinery site and related assets to Valero Refining-Texas, L.P. , a wholly owned subsidiary of Valero Energy Corp. (San Antonio, Tex,). The…
AdvanSix selected for USDA grant to expand ammonia capacity in Virginia
AdvanSix Inc. (Parsippany, N.J.) announced it has been selected to receive $47.4 million in proposed funding from the U.S. Department of Agriculture (USDA) through its Fertilizer Investment & Expansion for Long-Term Domestic Supply (FIELDS) program. This funding will support Project…
Transition Industries signs EPC agreement for Pacifico Mexinol electrolyzer facility
Transition Industries LLC (Houston, Texas) announced that it has signed a definitive engineering, procurement and construction (EPC) agreement with Siemens Energy AG (Munich, Germany) and Techint Engineering & Construction (Techint E&C; Buenos Aires, Argentina) for the approximately 210-MW electrolyzer facility…
Rio Tinto opens $1.4-billion lithium projects in Argentina
Rio Tinto plc (London, U.K.) announced a major milestone for Argentina’s lithium industry, marking the official opening of Rio Tinto’s Fénix 1B expansion and Sal de Vida operation in Catamarca following a combined investment of around $1.4 billion. Both projects…
MilliporeSigma opens bioprocessing production center in Daejeon, South Korea
MilliporeSigma (Burlington, Mass.), the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, today announced the opening of a new Asia-Pacific Bioprocessing Production Center in Daejeon, South Korea. The center represents an investment of more than €300 million,…