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Latest News: Business

Evonik and Pingmei Shenma sign hydrogen peroxide licensing agreement in China

Evonik Industries AG (Essen, Germany) will license its hydrogen peroxide (H2O2) production technology to China Pingmei Shenma Group Nylon Technology (Shenma) to build an H2O2 megaplant with an annual capacity of 200 kilotons in Pingdingshan, Henan Province. The H2O2 produced…

Baker Hughes and Frontier Infrastructure to partner on development of carbon capture and storage projects

Baker Hughes, Inc. (Houston) and Frontier Infrastructure (Dallas) announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. As part of the agreement, Baker Hughes will provide innovative technologies…

Bionova Scientific, an Asahi Kasei company, opens biologics manufacturing facility in California

Bionova Scientific, an Asahi Kasei Corp. (Tokyo) company and commercial-scale biologics contract development and manufacturing organization (CDMO), has announced the opening of a new facility in Fremont, California. The 55,000 sq. ft. process development and pilot plant will significantly expand…

Syensqo and Vartega to develop carbon-fiber recycling ecosystem

Syensqo S.A. (Brussels, Belgium) and Vartega Inc. announced a technical and commercial collaboration to create an ecosystem to foster the use of post-industrial recycled carbon fiber products in high performance applications. This partnership will leverage Vartega’s process to convert Syensqo’s…

LG Chem to begin mass production of precursor-free cathode materials

At the Interbattery 2025 event in Seoul, South Korea, LG Chem Ltd. (Seoul, South Korea) announced that it will be the first Korean company to begin mass production of precursor-free cathode materials, enhancing its presence in the battery materials market. LG…

Sapphire Technologies and Honeywell UOP form strategic partnership related to turboexpander technologies

Sapphire Technologies, a developer and manufacturer of energy recovery systems for natural gas applications, announced a strategic partnership with Honeywell UOP LLC. This collaboration marks a significant milestone in advancing clean-energy solutions within the refining and petrochemical industries, as the two…

DOMO Chemicals and Siemens Smart Infrastructure validate new electrical-safety polyamide containing recycled content

Siemens Smart Infrastructure and DOMO Chemicals (Leuna, Germany) announced a significant milestone in their joint effort to promote sustainable practices in the electrical industry. DOMO Chemicals has successfully developed and validated a new, high-performance TECHNYL® 4EARTH® polyamide 6 (PA6) material to…

Philippines-based petroleum firm Unioil receives investments from Aramco and Repsol

Unioil Petroleum Phils., Inc. (Manila, Philippines), one of the largest petroleum players in the Philippines, has announced a pair of major strategic investments from Aramco (Dhahran, Saudi Arabia) and Repsol S.A. (Madrid, Spain) supporting continued growth within The Philippines and…

Innospec to expand production capacity for drag-reducing agents in Texas

Innospec Inc. (Englewood, Colo.) announced that it is expanding production capacity for its proprietary Drag Reducing Agent (DRA) technologies at its plant in Pleasanton, TX. Innospec’s DRAs provide multiple benefits to pipeline operators including increased throughput, lower operating costs and…

Toray opens advanced semiconductor technologies and materials R&D center in Taiwan

Toray Industries, Inc. (Tokyo) announced that it has opened the Toray Taiwan Technical Center. The new facility will reinforce R&D in advanced semiconductor technologies and materials and provide technical services in the Taiwan market, which is becoming increasingly important in…