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Latest News: Business

Honeywell acquires Li-ion Tamer business from Nexceris

Honeywell International, Inc. (Charlotte, N.C.) announced that it has acquired from Nexceris its Li-ion Tamer business, a leading off-gas detection solution for lithium-ion (li-ion) batteries that detects thermal runaway events. The acquisition enhances Honeywell's portfolio of best-in-class fire life safety technologies…

Pacifico Mexinol project set to be world’s largest low-carbon methanol facility

Transition Industries LLC (Houston) held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the…

Braskem commences first sale of circular polyethylene in South America

Braskem S.A. (São Paulo, Brazil) has completed the sale of circular polyethylene (PE), produced through chemical recycling, to the Copobras Group. This marks the first time the company has commercialized such circular resin in South America. The material will be…

Versalis establishes dedicated Oilfield Solutions business

Versalis, Eni’s chemical company, announces that, as of 1 July 2025, it will transfer its Oilfield Chemicals business unit into the newly established company Versalis Oilfield Solutions S.r.l. The operation aims to consolidate Versalis’ position in the oilfield services sector by…

Akzo Nobel to sell Akzo Nobel India to JSW Group

Akzo Nobel N.V. (Amsterdam, the Netherlands) has signed an agreement to sell its shareholding in Akzo Nobel India Limited (ANIL) to the JSW Group, one of India’s leading diversified conglomerates. The transaction is based on a total enterprise value of…

Sulzer launches polystyrene recycling technology

Sulzer Ltd. (Winterthur, Switzerland) is proud to announce the launch of its licensed EcoStyrene polystyrene recycling technology, a groundbreaking solution for the chemical recycling of contaminated polystyrene materials. The EcoStyrene process addresses one of the chemical recycling industry's most significant…

New CO2-to-CO process commercialized by Axens, IFPEN and SMS Group

Axens, IFP Energies nouvelles (IFPEN; both Rueil-Malmaison, France) and SMS group, have successfully homologated the Carboverseo™ technology. This innovative reverse water-gas shift process, which converts CO2 into CO, is now live and ready to revolutionize the e-fuel industry by providing…

Sekisui Chemical to construct new injection-molding plant in Pune, India

Sekisui Chemical Co. Ltd. (Tokyo, Japan) has decided to establish sixth injection-molding plant in India for Sekisui DLJM Molding Pvt. Ltd., which manufactures and sells injection molded products for automobiles in Pune, Maharashtra in western India. The investment for establishing…

Baker Hughes to provide CO2 compression technology for Eni’s Liverpool Bay CCS project

Baker Hughes (Houston) has been awarded a contract by Saipem S.p.A. (San Donato Milanese, Italy) to supply carbon dioxide (CO2) compression technology for Eni S.p.A.'s (Rome, Italy) Liverpool Bay Carbon Capture and Storage (CCS) Project in the UK. The order was…

Kuraray to expand production capacity for optical films in Japan

Kuraray Co. (Tokyo) announced plans to expand production facilities for optical-use poval film, a base material for polarizing films used in liquid crystal displays (LCDs), at its Saijo Plant located in Saijo City, Ehime Prefecture, Japan.  With this expansion, the…