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Latest News: Business

Carbon Direct and C2X project in Louisiana will convert forestry residue to biofuels

Carbon Direct (New York) and C2X Ltd. have announced a new collaboration to advance the Beaver Lake Biofuels project in Louisiana. This project presents a pioneering approach to biomass carbon removal and storage (BiCRS), transforming forestry residues and by-products into…

Asahi Kasei to acquire German biopharmaceutical company Aicuris for €780 million

Asahi Kasei Corp. (Tokyo) announced it has entered into a definitive agreement to acquire all issued shares of Aicuris Anti-infective Cures AG, a German-based biopharmaceutical company, for approximately €780 million. This transaction expands Asahi Kasei’s specialty pharmaceutical platform further into…

Clariant obtains EU approval for rice-bran wax additives in food-contact plastics

Clariant AG (Muttenz, Switzerland; www.clariant.com) has achieved a regulatory milestone with the EU Commission approval based on the EFSA (European Food Safety Authority) positive safety assessment for its renewable rice bran wax additives in food-contact plastics. This authorization, published in…

UBE announces investment in silicon nitride startup CheomdanLab

UBE Corp. (Tokyo) announced that it has invested in CheomdanLab Inc. (Gwangju, South Korea), a South Korean startup that develops and manufactures silicon nitride (Si3N4) powder and ceramic balls. CheomdanLab possesses the sintered-after-reaction-bonded silicon nitride (SRBSN) technology that recycles and…

Messer commissions new air separation plant at Aurubis metal-recycling facility

Messer Group GmbH (Bad Soden, Germany) and multi-metal supplier Aurubis AG have successfully commissioned a new production plant for the extraction of air gases at Aurubis' recycling site in Luenen, Germany. Aurubis AG is a leading global supplier of non-ferrous…

INOX Air Products to construct new nitrogen plant for TACC battery materials plant

INOX Air Products (INOXAP), one of India’s leading manufacturers of industrial and medical gases, has entered into a long-term partnership with TACC Limited (The Advanced Carbons Company) (TACC), for supply of nitrogen through a dedicated onsite nitrogen plant for their…

Verso Energy selects Honeywell technology for eSAF production at sites across Europe and the U.S.

Honeywell International, Inc. (Charlotte, N.C.) announced that Verso Energy, an integrated energy company focused on producing low-carbon molecules, will use Honeywell UOP’s eFiningTM methanol-to-jet processing technology to produce electro-sustainable aviation fuel (eSAF) at seven planned production sites in France, Finland…

Samsung C&T and Axens to collaborate on CCUS projects

Samsung C&T Engineering & Construction Group and Axens (Rueil-Malmaison, France) have signed a Memorandum of Understanding (MoU) to collaborate on the deployment of Carbon Capture, Utilization, and Storage (CCUS) projects. Samsung C&T, a leading global EPC contractor with extensive experience…

U.S. CSB releases investigation report on hydrogen sulfide release at Deer Park refinery

The U.S. Chemical Safety and Hazard Investigation Board (CSB; Washington, D.C.; www.csb.gov) today released its final investigation report into the fatal October 10, 2024 release of toxic hydrogen sulfide at the PEMEX Deer Park Refinery in Deer Park, Texas. Two…

Schneider Electric introduces open, software-defined DCS for industrial automation

At the recent ARC Industry Leadership Forum event, Schneider Electric (Rueil-Malmaison, France, www.se.com), a global energy technology leader, announced the introduction of EcoStruxure™ Foxboro Software Defined Automation (SDA), the industry’s first open, software‑defined Distributed Control System (DCS). This breakthrough combines…