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Latest News: Business

Siemens bolsters electronics engineering portfolio with acquisition of ASTER Technologies

Siemens AG (Munich, Germany) announced it has acquired ASTER Technologies, a privately held market leader in printed circuit board assembly (PCBA) test verification and engineering software. This strategic move integrates ASTER's advanced "shift-left" design for test (DFT) functionality directly into…

HF Sinclair closes acquisition of Industrial Oils Unlimited

HF Sinclair Corp. (Dallas, Tex.) has closed its previously announced acquisition of Industrial Oils Unlimited, LLC (IOU), a leader in industrial lubricants and specialty fluids. The transaction closed on January 8, 2026, following satisfaction of all requisite closing conditions. IOU,…

GEA to deliver biomass fermentation lines for food-technology pilot plant in the Netherlands

GEA AG (Düsseldorf, Germany) has been selected to deliver and commission a precision and biomass fermentation upscaling line for Biotechnology Fermentation Factory (BFF), an open-access site on the NIZO Food Innovation Campus in Ede, Netherlands. The facility gives food and…

Solstice investing $220 million to expand fiber production facility in Virginia

Solstice Advanced Materials (formerly part of Honeywell) announced plans to invest more than $220 million in multiple projects to expand production at its existing ballistic fiber manufacturing facility in Colonial Heights, Chesterfield County, Virginia, which is also expected to create…

Shell joins forces with Supercritical Solutions to advance new hydrogen electrolyzer technology

Renewable hydrogen technology company Supercritical Solutions Ltd, (London) has signed a non-exclusive collaboration agreement with Shell Global Solutions International, B.V. as it advances its technology from an advanced out-of-laboratory prototype towards a pilot demonstration in the field.  The agreement formalizes…

Nextchem awarded two new contracts in China’s fertilizer industry

MAIRE S.p.A. (Milan) announced that NEXTCHEM, through its nitrogen technology licensor Stamicarbon, has been awarded two contracts in China, leveraging its proprietary technology portfolio and reinforcing its commitment to delivering practical, efficiency-driven solutions to meet the evolving needs of the…

Air Liquide completes the acquisition of DIG Airgas

Air Liquide S.A. (Paris) announced the successful completion of the DIG Airgas acquisition, a leading integrated gas player in South Korea. This marks a new significant milestone for the Group, 10 years after the major acquisition of Airgas in the…

Arkema starts up new polyamide production unit in Singapore

Arkema S.A. (Paris la Defense, France) announced that its new Rilsan® Clear transparent polyamide production unit, located on its Singapore platform, is now fully operational. This milestone strengthens Arkema’s leadership in high-performance polymers, giving the Group the largest transparent polyamides…

Duke Energy unveils end-to-end system for green hydrogen production and storage

Duke Energy Florida, a subsidiary of Duke Energy (Charlotte, N.C.; www.duke-energy.com), unveiled its DeBary Hydrogen Production Storage System in Volusia County (Fla.), the first demonstration project in the United States capable of using an end-to-end system to produce, store and…

Outokumpu and Norsk e-Fuel collaborating to convert steelmaking sidestreams into SAF

Stainless steel manufacturer Outokumpu (Helsinki, Finland) and Norsk e-Fuel AS (Oslo, Norway) have signed a Memorandum of Understanding (MoU) to work together towards realizing a CO-to-SAF (Sustainable Aviation Fuel) production plant to be located next to Outokumpu’s stainless steel mill…