Latest News: Business
Maire Nextchem to acquire a metals and chemicals processing technology business from Metso
MAIRE S.p.A.(Milan, Italy; www.groupmaire.com) announces that its sustainable technology subsidiary Nextchem (www.nextchem.com) has entered into a binding agreement to acquire from Metso Corporation (Espoo, Finland; www.metso.com) a metals and chemicals processing technology business, including the fluidized-bed roasting, and metallurgical off-gas…
thyssenkrupp nucera commissions chlor-alkali plant for Kutch Chemical in India
thyssenkrupp nucera (Dortmund, Germany; www.thyssenkrupp-nucera.com) has successfully commissioned a major chlor-alkali plant for Kutch Chemical Industries Limited in Padana, Gujarat, India. The plant has an annual production capacity of 220,000 metric tons of caustic soda (NaOH). With a production capacity…
PeroCycle announces MoU to develop CO2-to-CO pilot reactor in U.K.
University of Birmingham (www.birmingham.ac.uk) spin-out PeroCycle Ltd. (Cambridge, U.K.; www.perocycle.com) has announced a memorandum of understanding (MoU) with Glass Futures Ltd to develop a scaling platform for technology that could cut carbon emissions from foundational industries, including steelmaking, by up…
Mitsui Chemicals to acquire JSR Corp. for $11.6 billion
Mitsui Chemicals, Inc. (Tokyo) has signed an agreement to acquire JSR Corp. (Tokyo), a developer and manufacturer of semiconductor materials including photoresists, from investment funds managed by JIC Capital, Ltd. (Tokyo). The transaction, valued at ¥1.84 trillion ($11.6 billion) including…
Dsm-firmenich ramps up production at new hydrogenated rosin resin unit
dsm-firmenich AG (Kaiseraugst, Switzerland) announced the ramp-up of production of a brand-new unit at its site in Vielle-Saint-Girons, southwestern France. Commissioned during the first half of 2026, this new facility manufactures DRT Industry Ingredients hydrogenated bio-based resins and derivatives for…
Evonik Oxeno deploys AI-based process models in live plant operations
Evonik Industries AG (Essen, Germany) announced that Evonik Oxeno GmbH & Co. KG (Marl, Germany) has introduced AI-based process models into live plant operations for the first time, achieving higher energy efficiency and lower CO₂ emissions. In addition, decisions can…
Sonatrach and World Bank Group sign MOU to advance climate initiatives in Africa
Sonatrach S.p.A. (Algiers, Algeria), the International Bank for Reconstruction and Development (IBRD; Washington, D.C.) and the International Finance Corporation (IFC; Washington, D.C.), both members of the World Bank Group (Washington, D.C.), have signed a memorandum of understanding (MOU). The MOU…
Ferrovial wins $537.9-million contract for water reclamation facility in Fort Worth
Ferrovial SE (Amsterdam, the Netherlands), a leading global infrastructure company, has been awarded a $537.9 million contract to deliver the Mary’s Creek Water Reclamation Facility in Fort Worth, Texas. The contract marks the company’s largest U.S. water infrastructure project to…
Current Chemicals expands rare-earth fluoride production in Cleveland
Current Chemicals, Inc. (CCI; Cleveland, Ohio), a U.S.-based company converting separated rare-earth oxides into the fluorides used to make rare-earth metals and magnets, announced an additional investment from its lead shareholder, Momentum Global Ventures B.V. (Amsterdam; MGV). The investment will…
Rio Tinto approves $144 million for next phase of Resolution Copper project in Arizona
Rio Tinto plc (London) has approved a $144 million investment by Resolution Copper Mining LLC (Superior, Ariz.), of which Rio Tinto's share is $79 million, to advance the next phase of development at the project in Arizona, one of the…