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Latest News: Business

Repsol and Accenture launch agentic AI pilot project

Repsol S.A. (Madrid, Spain) has launched its own intelligent agent construction platform, placing it at the forefront of the use of agent-based artificial intelligence (AI) and multi-agent systems, and taking another step forward in its digitalization process. The platform, an…

ORLEN offers to acquire entire shareholding of Grupa Azoty Polyolefins

ORLEN S.A. (Płock, Poland) announced that on it has made a non-binding offer to Grupa Azoty SA (Tarnów, Poland) to buy all shares of Grupa Azoty Polyolefins S.A. (GAP). ORLEN holds currently 17.3% of GAP’s shares. The Offer assumes the…

BASF and IFF collaborate on next-generation enzymes for fabrics, personal care and industrial cleaning

BASF (Ludwigshafen, Germany; www.basf.com), one of the world’s largest chemical companies and a leader in sustainable product innovation, announced a strategic collaboration with International Flavors & Fragrances Inc. (IFF; New York, N.Y.; www.iff.com), a global leader in bioscience innovation, to…

ACG to invest $200 million to establish empty-capsule manufacturing in U.S.

ACG (Mubai, India; www.acg-world.com), the world’s most integrated provider of solid-dosage solutions, today announced a $200 million phased investment to establish its first empty-capsule manufacturing operations in the U.S. The initial $100 million will fund a state-of-the-art hard-shell capsule facility…

BASF inaugurates new neopentyl glycol plant at Verbund site in China

BASF SE (Ludwigshafen, Germany) announced that its Intermediates division has inaugurated a new neopentyl glycol (NPG) plant at the Verbund site in Zhanjiang, China. Following the start-up of the new plant with a production capacity of 80,000 metric tons per…

E3 and Axens enter partnership supporting lithium supply

E3 Lithium Ltd. (Calgary, Alta., Canada), a leader in Canadian lithium development, and Axens (Rueil-Malmaison, France) have signed a non-binding memorandum of understanding (the MOU) that contemplates both the sale of lithium carbonate by E3 Lithium to Axens (the Offtake)…

LKAB and Hitachi Energy collaborate on process electrification at sponge iron plant

LKAB (Luleå, Sweden) and Hitachi Energy Ltd. (Zurich, Switzerland) have signed a Memorandum of Understanding on a long-term collaboration that will support LKAB's electrification and transition to a fossil-free future. In a first step, Hitachi Energy is delivering the necessary…

Saint-Gobain doubles manufacturing capacity at gypsum plant in Florida

Saint-Gobain S.A. (Courbevoie, France), through its building product subsidiary CertainTeed Interior Products Group, held a ribbon cutting ceremony to mark completion of major expansion activities at its CertainTeed Gypsum manufacturing facility in Palatka, Florida. First announced in 2023, the project…

World’s largest e-fuels research and demonstration facility moves forward in Germany

Topsoe A/S (Lyngby, Denmark) and  Sasol Ltd. (Johannesburg, South Africa), along with Griesemann Gruppe, a leading industrial service company in Germany, and the German Aerospace Center (DLR), have signed a cooperation agreement to enable the construction, operations and R&D activities…

Lummus and KMG to establish technology hub in Kazakhstan

Lummus Technology (Houston) and KazMunayGas (KMG) announced the companies have signed a preliminary agreement to establish a digital center of excellence in Atyrau, Kazakhstan. The center will serve as a hub for technology transfer and workforce development, providing advanced training,…