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Latest News: Business

Honeywell to acquire network cybersecurity specialist SCADAfence

Honeywell International Inc. (Charlotte, N.C.) announced it has agreed to acquire SCADAfence, a leading provider of operational technology (OT) and Internet of Things (IoT) cybersecurity solutions for monitoring large-scale networks. SCADAfence brings proven capabilities in asset discovery, threat detection and…

Saint-Gobain to invest $235 million to expand gypsum manufacturing plant in Florida

Saint-Gobain S.A. (Courbevoie, France)'s North America business announced plans to invest $235 million (approximately €215 million) over the next two years to expand and modernize its CertainTeed (ex- Continental Building Products) gypsum manufacturing facility in Palatka, Florida, more than doubling…

E3 Lithium selects Fluor to lead its pre-feasibility study

E3 Lithium Ltd. (Calgary, Alberta, Canada) announced it has selected Fluor Corp. (Irving, Tex.) as its prime Engineering, Procurement and Construction (EPC) company to lead its Pre-Feasibility Study (PFS) for the Clearwater commercial project. Fluor will provide overall PFS project…

Axens to supply technology to Syclus for ethanol-to-ethylene plant in the Netherlands

Axens (Rueil-Malmaison, France) has announced that Syclus intends to build and operate a plant for the production of renewable ethylene from sustainable ethanol in Chemelot Industrial Park, Geleen, The Netherlands. With an annual production capacity in the range of 100,000…

Saint-Gobain divests glass-processing business in Portugal

Saint-Gobain S.A. (Courbevoie, France) has signed a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA. COVIPOR generated sales of around €20 million in 2022, with two industrial locations in…

Technip Energies acquires French process-development firm Processium

Technip Energies (Paris) announces the acquisition of Processium, an expert company in process development, equipped with laboratory and piloting facilities located in Lyon, France. Processium is an industrial development partner designing and developing next-generation processes to support the energy transition…

Metso awarded major equipment order for Albemarle Lithium’s Kemerton plant in Australia

Albemarle Lithium Pty Ltd has awarded Metso Corp. (Helsinki, Finland) an order for ancillary equipment for their calcining and acid roasting facilities at the Kemerton Lithium Hydroxide Processing Plant in Western Australia. This contract is an addendum to the two…

Evonik finalizes sale of Lülsdorf chemicals site to ICIG

Evonik Industries AG (Essen, Germany) announced that its chemical site in Lülsdorf near Cologne now officially belongs to the International Chemical Investors Group (ICIG). The sale of the site, which was announced at the beginning of April, was completed June…

Borealis to acquire Italian polypropylene recycler Rialti

Borealis Group (Vienna, Austria) has signed an agreement to acquire Rialti S.p.A., an Italian polypropylene compounder and recycler. Closing of this transaction is subject to customary regulatory approvals. Based in the area of Varese, Italy, Rialti is one of the…

Chevron and Bunge acquire oilseed processor in Argentina

Bunge Ltd. and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corp., acquired Chacraservicios S.r.l., based in Argentina, from the Italian-based Adamant Group. This latest investment in novel seeds adds a new oil source in Bunge and Chevron’s global…