Latest News: Business
CVR Energy to acquire two Marathon Petroleum refineries for $4.2 billion
CVR Energy, Inc. (Sugar Land, Tex.) has entered into a definitive agreement with subsidiaries of Marathon Petroleum Corp. (Findlay, Ohio) under which CVR Energy would acquire Marathon’s St. Paul Park, Minn., and Mandan, N.D., refineries, along with Marathon’s related marketing…
INEOS Inovyn completes acquisition of remaining Runcorn EDC assets
INEOS Inovyn (Runcorn, U.K.) has completed the acquisition of the remaining 50% shareholding in Runcorn MCP Ltd. (Runcorn, U.K.), together with the assets and employees associated with ethylene dichloride (EDC) production at the Runcorn site from Vynova Runcorn Ltd. (Runcorn,…
Asahi Kasei signs MoU with Power to Hydrogen to accelerate commercialization of AEM water electrolysis
Asahi Kasei (Tokyo, Japan; www.asahi-kasei.com), a diversified global company, and U.S.-based Power to Hydrogen (P2H2; www.power-h2.com) have signed a memorandum of understanding (MOU) to evaluate manufacturing scale-up and commercialization of water electrolysis systems utilizing anion exchange membrane (AEM) technology to…
Chemours launches liquid-cooling brand for AI data-center market
The Chemours Company (Wilmington, Del.; www.chemours.com), today launched FaizeonTM two-phase liquid cooling solutions for artificial intelligence (AI), high-performance computing (HPC), and high-density data centers. The portfolio includes dielectric fluids engineered for both two-phase direct-to-chip and two-phase immersion cooling, giving data…
Merck KGaA to divest CDMO business to Lonza
Merck KGaA, Darmstadt, Germany has signed a definitive agreement to divest its contract development and manufacturing organization (CDMO) business within its Life Science business sector to Lonza Group Ltd. (Basel, Switzerland). The transaction advances the mid- to long-term strategic agenda…
Evonik to expand silicone platform at Germany site
Evonik (Essen, Germany; www.evonik.com) has invested €52 million in expanding its silicone platform at the Essen Goldschmidtstrasse site in Germany. The investment included the construction of a new production plant and a large tank farm. The new facility increases production…
Pansonic makes investment to expand materials production for AI markets
Panasonic Industry Co., Ltd. (Tokyo) is actively investing in AI-related businesses to support the growing demand in the generative AI market. The company will expand its production capacity for MEGTRON high-performance multi-layer circuit board materials and SP-Cap conductive polymer aluminum…
Veolia to supply wastewater treatment for Arauco’s Sucuriú pulp mill in Brazil
Global pulp producer Celulosa Arauco y Constitución S.A. (Arauco; Santiago, Chile) has chosen Veolia Environnement S.A. (Veolia; Aubervilliers, France), the world leader in water treatment technologies, to develop the water treatment line for the Sucuriú Project. The contract covers the…
ACT-ion opens Texas pilot plant to produce cathode active materials
ACT-ion Battery Technologies, Inc. (Dallas; “ACT-ion”), an innovator in battery material manufacturing, today celebrated the grand opening of its pilot plant at 1200 Tappan Circle in Carrollton, Texas. The facility is now fully commissioned and ready to produce cathode active…
FieldComm Group names Tianxin Pharmaceutical 2026 Plant of the Year
FieldComm Group Inc. (Austin, Texas), a global industrial automation standards organization defining open, interoperable standards for industrial communication, device management and enterprise connectivity, has named Tianxin Pharmaceutical (Jiangxi) Co., Ltd. (Leping, China) its 2026 Plant of the Year, recognizing the…