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Latest News: Business

KBR awarded FEED contract for Port of Amsterdam liquid-hydrogen terminal

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 acquires stake in Verso Energy SAF project in France

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 opens new Performance Products manufacturing facility in Hungary

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 Group opens specialty fertilizer manufacturing facility in India

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 to acquire data-center cooling specialist CoolIT Systems

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…

BASF starts up world’s first plant producing 3D-printed catalysts

BASF SE (Ludwigshafen, Germany) started up the world’s first production plant for catalysts based on X3D® technology at its Ludwigshafen site. With the commissioning of this facility, BASF is scaling the additive manufacturing of catalysts to an industrial level and…

Bp reaches agreement to sell Gelsenkirchen refinery

Bp plc (London) reached an agreement to sell its Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner. The transaction represents another significant milestone in bp’s acceleration of its strategy, including simplifying the portfolio, strengthening the balance…

Nikkiso completes commissioning of air-separation unit for Coregas in Australia

Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG; Temecula, Calif.; www.nikkisoceig.com), a subsidiary of Nikkiso Corp. (Tokyo, Japan; www.nikkiso.com), announced yesterday it has completed the commissioning of an air-separation unit for Coregas (Yennora, NSW, Australia; www.coregas.com.au), a Nippon Sanso…

ALPLA Group celebrates new plant opening in the Philippines

ALPLA Group (Hard, Austria; www.alpla.com) is opening its first base plant in the Philippines, expanding its portfolio in the growth region of Asia-Pacific (APAC). Since summer 2025, the global packaging specialist has been manufacturing high-quality plastic bottles and closures in…

Clariant expands Texas site to include GMP-compliant polyethylene glycol excipients

Clariant Corp., a subsidiary of Clariant AG (Muttenz, Switzerland; www.clariant.com)is expanding its Clear Lake, Texas site to include excipient GMP-compliant manufacturing of pharmaceutical-grade polyethylene glycol (PEG) excipients, significantly improving their availability and reliability for North American customers, with extended reach…