Mobile Navigation

Latest News: Business

New project will use AEM electrolysis in the production of zero-emission acetone

Power to Hydrogen (P2H2), a developer of anion exchange membrane (AEM) electrolyzer systems, announced a binding commercial order from SINTEF, one of Europe's largest research institutes, for a half-megawatt AEM electrolyzer system scheduled to be delivered in Q4 2026. The…

Elementis completes sale of its pharmaceutical manufacturing business

Elementis plc (London) has completed the sale of its pharmaceutical manufacturing business to Associated British Foods (ABF). Under the terms of the Transaction, the business was sold for an enterprise value of €34.3 million (equivalent to around $39.8 million), with…

Solvay and Viridis enter agreement for rare-earth materials supply

Solvay S.A. (Brussels, Belgium) announced it has entered into a Letter of Intent (LOI) with Viridis Mining and Minerals to secure a strategic supply of rare earth materials by 2028, reinforcing the resilience and diversification of critical materials supply chains.…

Nissan Chemical to construct new herbicide plant in India

Nissan Chemical Corp. (Tokyo) has decided to establish a new manufacturing facility for the company's new herbicide Ryzonic® (iptriazopyrid) at its consolidated subsidiary in India, Nissan Bharat Rasayan Pvt. Ltd. (NBR). NBR was established in 2020 as a joint venture…

Vianode and cylib are joining forces to develop supply ecosystem for recycled battery graphite

Vianode (Oslo, Norway) and cylib (Aachen, Germany) , a specialist in sustainable battery recycling and graphite recovery, have signed a memorandum of understanding (MoU) outlining their intention to collaborate on the development and potential future supply of recycled graphite for…

Novel bio-based adipic acid pathway leads the way to waste-based nylon materials

Toray Industries, Inc. (Tokyo) and PTT Global Chemical PLC (PTTGC; Bangkok, Thailand) have established a first-of-a-kind series of manufacturing technologies for bio-based adipic acid (the main raw material of nylon 66) through the fermentation of bio-muconic acid using starch residues,…

Hexcel breaks ground on composites application center at Wichita State University

Hexcel Corp. (Stamford, Conn.) announced the groundbreaking of the Hexcel Applications Center at Wichita State University’s National Institute for Aviation Research (NIAR). The new center marks a significant expansion of Hexcel’s long‑standing collaboration with NIAR and reflects a shared commitment…

Eni and Seri to jointly develop supply chain for lithium iron phosphate battery materials

Eni Industrial Evolution and FIB (Seri Industrial Group) have reached an agreement for the joint development of an integrated industrial supply chain in the lithium iron phosphate battery sector. Following the agreements reached, in execution of the framework agreement of…

IFF to sell its Food Ingredients business

International Flavors & Fragrances Inc. (IFF; New York City) announced that it has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners, a leading global private markets manager, in a transaction that…

Toray transfers its stake in Soda Aromatic Co. to Samyang

Toray Industries, Inc. (Tokyo) has decided to divest its equity interest in Soda Aromatic Co., Ltd., by transferring its shares to Samyang Corp. Japan, Inc. Soda Aromatic, which manufactures and sells flavors, fragrances and related products, is currently held 66%…