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Latest News: Business

Merck KGaA, Darmstadt, Germany, to acquire French semiconductor firm Unity-SC

Merck KGaA, Darmstadt, Germany intends to acquire Unity-SC, a France-based provider of metrology and defect inspection equipment for the semiconductor industry for a payment of € 155 million plus further performance-based milestones. The combined technologies of Merck KGaA, Darmstadt, Germany,…

Kurita America and Solugen to develop new carbon-negative products for industrial water treatment

Kurita America, part of the Kurita Group (Tokyo, Japan), a global provider of industrial water treatment solutions, announced a collaboration with Solugen (Houston), a bio-based chemical manufacturer, to develop a suite of new carbon-negative water-treatment products. These innovative solutions will…

Metso strengthens its slurry handling offering by acquiring Australian firm Jindex

Metso Corp. (Espoo, Finland) has signed an agreement to acquire Jindex Pty Ltd, a privately owned Australian company specializing in valves and process flow control.  Combining Metso’s extensive experience and offering in slurry handling, hydrocyclones and minerals processing equipment solutions…

KBR awarded consulting contract by Kuwait Oil Co. for renewable energy and ‘green’ hydrogen production

KBR, Inc. (Houston) announced that it has been awarded an advisory consulting contract by Kuwait Oil Company for the development of a country wide masterplan for the production of 17GW of renewables and 25GW of green hydrogen by 2050. Under…

Kronos takes full ownership of Louisiana Pigment Co. joint venture

Titanium dioxide manufacturer Kronos Worldwide, Inc. (Dallas, Tex.) has acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. (LPC) previously held by Venator Investments, Ltd. Prior to the acquisition, Kronos, through a wholly-owned subsidiary, held a 50% joint…

Methanex and Entropy pursuing CCUS project at methanol plant in Alberta

Methanex Corp. (Vancouver, B.C., Can.) and carbon-capture specialist Entropy Inc. (Calgary, Alta., Canada) have entered into an agreement to invest in a Preliminary Front-End Engineering and Design (Pre-FEED) study for carbon capture, utilization and sequestration (CCUS) deployment at Methanex’s Medicine…

Avantium partners with leading textile companies to create PEF fabrics for mattresses

Avantium N.V. (Amsterdam, The Netherlands) announced a strategic collaboration with leading textile innovators Auping, Monosuisse and Antex. This partnership aims to develop PEF-based yarns, to be used in mattresses for Auping. This collaboration demonstrates the broad potential of fibers and…

Air Liquide technology selected for large-scale carbon-capture project in Stockholm

Air Liquide S.A. (Paris) announced that its large-scale CO₂ -iquefaction technology, Cryocap LQ, has been selected by Stockholm Exergi AB, Stockholm’s energy company, to contribute to its Bio-Energy Carbon Capture & Storage (BECCS) project. This new technology is an important…

Air Products to build two air separation units at its facilities in Georgia and North Carolina

Air Products (Lehigh Valley, Pa.) announced two projects to enhance the sustainability, productivity and operational flexibility of its base industrial gas business, as well as continuing commitment to the merchant industrial gas market. Air Products will construct two new air…

Messer to build one of the largest green-hydrogen plants in Germany

Messer Group GmbH (Bad Soden, Germany) plans  to build a plant for the production of green hydrogen in the Brainergy Park Jülich intermunicipal industrial estate in Germany, a business park is designed to promote technologies supporting energy transition. The hydrogen…