Vitol B.V. (Geneva, Switzerland) has agreed to acquire Singpore-based Noble Resources Trading Ltd. for an purchase price equivalent to $0.63 per share on a debt free/cash free basis subject to customary conditions precedent. Noble Resources is one of Asia’s leading…
Wood plc (Aberdeen, Scotland) will support Australian ASX-listed medical device company, PolyNovo Limited (PolyNovo), to significantly increase production capacity of its wound treatment medical devices. Under the detailed design contract, Wood will deliver a new cleanroom facility to produce BTM, SynPath…
LyondellBasell (LYB; Rotterdam, the Netherlands; www.lyondellbasell.com) yesterday announced it became full owner of APK AG (Merseberg, Germany; www.apk.group). APK will be fully integrated and continue as part of LYB, a sustainability leader in the chemical industry. It is LYB’s ambition…
Jacobs (Dallas, Tex.) was selected by Cadent Gas on behalf of Capital Hydrogen to deliver the Pre-Front End Engineering Design (Pre-FEED) phase of the East London Hydrogen Pipeline (ELHP) project. The pipeline will span 56 miles (90 kilometers) through East…
BASF SE (Ludwigshafen, Germany) has received funding approval from the German Federal Ministry for Economic Affairs and Climate Action for the construction of the world’s most powerful industrial heat pump. In the coming months, the company will therefore be able…
Braskem S.A. (São Paulo, Brazil) has announced a collaboration with the University of British Columbia (UBC) to explore the feasibility of using an electrochemical reactor to produce methanol from CO, an important intermediate that can be obtained from CO2 Capture…
PPG (Pittsburgh Pa.) announced that it has reached a definitive agreement to sell 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550 million to American Industrial Partners (AIP), an industrials investor. The…
Cespa (Madrid, Spain) and Sonatrach (Algiers, Algeria) have signed a memorandum of understanding to jointly carry out a feasibility study for the development of an integrated project for green hydrogen production and derivatives in Algeria, mainly aimed at supplying the…
Seeq, a global leader in industrial analytics, AI, and enterprise monitoring, today announced a strategic partnership with AVEVA, a global leader in industrial software. Core to the partnership is the native integration between the two companies’ platforms that will simplify…
Lyten (San Jose, Calif.) announced plans to invest more than $1 billion to build what is said to be the world’s first Lithium-Sulfur battery gigafactory. The facility will be located near Reno, Nevada, and will have the capability to produce…