Latest News: Business
LyondellBasell to sell former Houston refinery site to Valero for $320.5 million
LyondellBasell Industries N.V. (Rotterdam, the Netherlands) announced it has entered into an agreement to sell its former Houston Refinery site and related assets to Valero Refining-Texas, L.P. , a wholly owned subsidiary of Valero Energy Corp. (San Antonio, Tex,). The…
AdvanSix selected for USDA grant to expand ammonia capacity in Virginia
AdvanSix Inc. (Parsippany, N.J.) announced it has been selected to receive $47.4 million in proposed funding from the U.S. Department of Agriculture (USDA) through its Fertilizer Investment & Expansion for Long-Term Domestic Supply (FIELDS) program. This funding will support Project…
Transition Industries signs EPC agreement for Pacifico Mexinol electrolyzer facility
Transition Industries LLC (Houston, Texas) announced that it has signed a definitive engineering, procurement and construction (EPC) agreement with Siemens Energy AG (Munich, Germany) and Techint Engineering & Construction (Techint E&C; Buenos Aires, Argentina) for the approximately 210-MW electrolyzer facility…
Rio Tinto opens $1.4-billion lithium projects in Argentina
Rio Tinto plc (London, U.K.) announced a major milestone for Argentina’s lithium industry, marking the official opening of Rio Tinto’s Fénix 1B expansion and Sal de Vida operation in Catamarca following a combined investment of around $1.4 billion. Both projects…
MilliporeSigma opens bioprocessing production center in Daejeon, South Korea
MilliporeSigma (Burlington, Mass.), the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, today announced the opening of a new Asia-Pacific Bioprocessing Production Center in Daejeon, South Korea. The center represents an investment of more than €300 million,…
AkzoNobel completes $60-million upgrade of three North American powder coatings sites
Upgrades to production, infrastructure and technology have been made at three of AkzoNobel N.V.'s (Amsterdam) Powder Coatings sites in North America as part of a $60 million investment. The company's facilities in Reading, Pennsylvania; Warsaw, Indiana; and Monterrey, Mexico, have…
Topsoe selected as technology licensor for HDF Energy’s BaseBlue blue hydrogen project
Topsoe A/S (Lyngby, Denmark) has been selected by HDF Energy S.A. (Bordeaux, France) as technology licensor for BaseBlue. The power project is planned to supply data centers in Texas with reliable, low-carbon electricity. Under the agreement, Topsoe will provide the…
Jacobs to deliver $1-billion San Francisco wastewater upgrade through joint venture
Jacobs Solutions Inc. (NYSE: J; Dallas) was selected by the San Francisco Public Utilities Commission (SFPUC; San Francisco) as the progressive design-build contractor for the Southeast Treatment Plant Nutrient Reduction Project, a $1 billion investment estimated by SFPUC, supporting San…
Stora Enso and Shanshan partner on lignin-based hard carbon anode demonstration line
Stora Enso Oyj (Helsinki, Finland) and Shanshan Technology Co., Ltd. (Shanghai, China) have entered into a partnership to jointly accelerate the development and industrialization of sustainable battery materials with the construction of a demonstration line for lignin-based hard carbon battery…
Veolia and Sumitomo Chemical join Japan’s plastic resource circulation model project
Veolia Jenets K.K. (Tokyo, Japan) and Sumitomo Chemical Co., Ltd. (Tokyo, Japan) have been selected to participate in the Ministry of the Environment of Japan’s FY2026 Model Project for Plastic Resource Circulation. By combining mechanical recycling (MR) and chemical recycling…