Chemicals company Evonik (Essen, Germany; www.evonik.com) is realigning its strategic research unit into what it calls The Evonik Innovation Factory. This new unit operates as an entrepreneurial development unit, accelerating the transition of technological breakthroughs into industrial applications. It has…
BASF Corp. and Oxidium Technologies LLC announced an agreement under which Oxidium will acquire BASF’s Aseptrol® technology portfolio. The terms of the transaction were not disclosed. Originally acquired by BASF from Engelhard in 2006, the Aseptrol chlorine dioxide product line…
Thyssenkrupp nucera AG & Co. KGaA (Dortmund, Germany) and Moeve (Madrid, Spain) have signed an engineering, procurement, fabrication and supply contract for thyssenkrupp nucera to provide its equipment for 300 megawatts (MW) of its alkaline water electrolysis technology. The agreement…
Econotherm (Bridgend, U.K.; www.econotherm.co.uk) announced that it has been awarded a contract to supply a heat pipe-based fired heater air-preheater to a major refiner in Thailand. The 6.6 MW unit will be delivered in 2027 and the proprietary heat pipe…
Datacor, Inc. (Florham Park, NJ) announced the acquisition of GoldSim Technology Group, a developer of dynamic simulation software used to model and analyze complex systems under uncertainty. The acquisition deepens Datacor's engineering simulation portfolio, which includes CHEMCAD chemical process simulation…
KBR, Inc. (Houston) has been selected to deliver the Front-End Engineering Design (FEED) for the groundbreaking EcoLog Terminal in Amsterdam, the world’s first commercial‑scale facility designed to import liquid hydrogen (LH₂) and export liquid CO₂ (LCO₂). The terminal, now under…
Technip Energies (Paris) has signed an agreement with Verso Energy to acquire a minority equity stake in the DEZiR project, a synthetic aviation fuel (eSAF) plant located in Rouen, France. This investment demonstrates Technip Energies’ support for this major industrial…
Huntsman Corp. (The Woodlands, Tex.) announced the grand opening of its expanded Performance Products manufacturing facility in Petfurdo, Hungary, where operations were initiated at the beginning of this year. The successful completion of this investment increases Huntsman's global capacity providing…
ICL Ltd. (Tel Aviv, Israel) announced the opening of a new specialty fertilizer production facility in Maharashtra, India. The launch comes at a critical time for India, which relies heavily on fertilizer imports and is now facing supply disruptions due…
Ecolab Inc. (St. Paul, Minn.) announced that it has entered into a definitive agreement to acquire CoolIT Systems, a high-growth, high-margin leader in liquid cooling technology for next-gen AI data centers. CoolIT is expected to generate approximately $550 million in…