Latest News: Business
DOE: $67 million for carbon capture development
The US Dept. of Energy (DOE; Washington, D.C.; www.energy.gov) announced today the selection of ten projects aimed at developing advanced technologies for capturing carbon dioxide from coal combustion. The projects, valued at up to $67 million over three years, focus on…
Metathesis catalysts license agreement
Evonik Industries AG (Essen,Germany; www.evonik.com) and Elevance Renewable Sciences, Inc., Bolingbrook, Ill.; www.elevance.com) have entered into a license agreement regarding Evonik’s U.S. Patents Nos. 7,738,528 and 7,652,145, directed to metathesis technology excluding Evonik’s catMETium RF product portfolio. The companies also…
Australian-Chinese CO2-storage demonstration project
The Commonwealth Scientific and Industrial Research Organization (CSIRO; Melbourne, Australia; www.csiro.au) is partnering with China United Coalbed Methane Corp. (CUCBM; www.chinacbm.com) on a A$10 million joint demonstration project that will store 2,000 metric tons (m.t.) of carbon dioxide underground in…
UOP/Total Petrochemicals: Methanol-to-olefins process successfully demonstrated
UOP LLC (Des Plaines, Ill.; www.uop.com), a Honeywell company, announced today that Total Petrochemicals (Brussels, Belgium; www.totalpetrochemicals.com) has successfully demonstrated UOP technology that will enable the use of feedstocks other than petroleum to produce plastics and other petrochemicals. A demonstration…
Borouge: $2.6-billion contracts for Borouge 3
Borouge (Abu Dhabi, UAE; wwwborouge.com), a joint-venture (JV) between the Abu Dhabi National Oil Co. and Borealis (Vienna, Austria; www borealisgroup.com), formally signed three major engineering, procurement and construction (EPC) contracts valued at approximately $2.6 billion for its Borouge 3…
Waste-to-cellulosic-ethanol demonstration
CleanTech Biofuels, Inc. (St. Louis, Mo.; www.cleantechbiofuels.net), an early stage provider of cellulosic biomass feedstock derived from municipal solid waste (MSW) for energy and bio-based chemical production, announced an agreement with Fiberight LLC. (Catonsville, Md.; www. fiberight.com), to install its…
ABB to supply three photovoltaic solar-power plants in Italy
ABB (Zurich, Switzerland; www.abb.com) has won an order worth $50 million from Actelios SpA, through its subsidiary Actelios Solar SpA, in Italy to supply three photovoltaic (PV) solar-power plants in western Sicily. The plants will have fixed PV modules and…
Uhde: New coke-oven plant for Dragon Steel
Following the successful completion and commissioning of a coke oven plant (phase 1) for Dragon Steel Corp. of Taiwan, a member of China Steel Corp. (CSC), Uhde GmbH (Dortmund, Germany; www.uhde.eu) has again been awarded a plant contract to build…
Dow and Mitsui: JV for chlor-alkali production
The Dow Chemical Company (Midland, Mich.; www.dow.com) and Mitsui & Co., Ltd. (Tokyo, Japan; www.mitsui.co.jp/en) announced today that the two companies have signed a definitive agreement to form a 50:50 manufacturing joint venture (JV) to construct, own and operate a…
Dynamotive & IFP: pyrolysis oil upgrading
IFP (Rueil-Malmaison, France; www.ifp.fr) and Dynamotive Energy Systems Corp. (Vancouver, Canada; www.dynamotive.com) have signed a Memorandum of Understanding to cooperate in the field of pyrolysis oil upgrading with the aim to produce second-generation Biofuels. Pyrolysis oils present several challenges to overcome…