Latest News: Business
Rio Tinto signs bio-pellet offtake agreement for Gladstone alumina refineries
Rio Tinto (London, U.K.) has signed a five-year offtake agreement with Australian bioenergy company SuperChar Ltd. (SCL; Sydney, Australia) for the supply of locally produced bio-pellets for use at its alumina refineries in Gladstone, with deliveries targeted to commence in 2028. The agreement…
SABIC and Rongsheng Petrochemical agreement to develop Jintang New Materials project
Saudi Basic Industries Corp. (SABIC; Riyadh, Saudi Arabia) announced the signing of a Project Development Agreement (PDA) with Rongsheng Petrochemical Co., Ltd. (Hangzhou, China) and its wholly owned subsidiary Rongsheng New Materials (Zhoushan) Co., Ltd. to jointly advance the development of the Jintang…
Moeve and ArcelorMittal sign agreement to advance steel decarbonization in Spain
Moeve, S.A. (Madrid, Spain) and ArcelorMittal S.A. (Luxembourg City, Luxembourg) have reached an agreement for the acquisition of Energy Savings Certificates (Certificados de Ahorro Energético, or CAEs) covering 2.1 TWh in annual energy savings. The agreement is ten times larger than…
IFF to sell botanical extracts and natural color businesses to SuanNutra
International Flavors & Fragrances, Inc. (IFF; (New York, N.Y.) announced that it has entered into an agreement with SuanNutra (Madrid, Spain), a Carbyne Equity Partners (Hamburg, Germany) portfolio company and global provider of science-backed branded and functional ingredients, to sell…
Kemira acquires business of ANMAC Water Treatment Service
Kemira Oyj (Helsinki, Finland) has completed the acquisition of the business and related assets of ANMAC Water Treatment Service, Inc., a privately-owned company based in California, USA. The transaction strengthens Kemira's position in North America and supports its growth in…
Hyundai opens waste-to-hydrogen facility in Cheongju, South Korea
Hyundai Motor Group (the Group) announced the opening of HTWO ENERGY Cheongju, its first Group-operated integrated waste-to-hydrogen (W2H) production and refueling facility, establishing a localized hydrogen production ecosystem within the city. The facility represents a breakthrough for HTWO’s W2H business,…
Moeve Chemicals completes verification for production of low-carbon products
Moeve Chemicals (Madrid, Spain; www.moeveglobal.com) has completed the verification of its global manufacturing network for the production of Low Carbon products. Following the latest verification milestone at its Brazil and Shanghai facilities, all of the company’s production plants are now…
Coolbrook and ABB announce industrial-scale deployment of heater for cement plant in India
Coolbrook (Helsinki, Findland; www.coolbrook.com) and ABB (Zurich, Switzerland; www.abb.com) have announced the industrial delivery phase of their partnership to deliver a first-of-its-kind industrial-scale deployment of Coolbrook’s RotoDynamic Heater™ (RDH™) for Adani Cement’s Boyareddypalli Integrated Cement Plant in Andhra Pradesh, India.…
Air Products announces award for semiconductor manufacturing expansion in Taiwan
Air Products (Allentown, Pa.; www.airproducts.com), a world-leading industrial gases company, today announced Air Products San Fu has been awarded a long-term agreement to support a semiconductor manufacturer’s expansion in Taiwan. The project will supply multiple new semiconductor fabs and back-end…
Fluor Corp. awarded FEED contract for aromatics facility in Bahrain
Fluor Corp. (Irving, Tex.; www.fluor.com) announced today that it has been selected by Gulf Petrochemical Industries Company (GPIC; Sitra, Bahrain; www.gpic.com) to execute the front-end engineering and design for a new aromatics facility located in the Kingdom of Bahrain. The project…