Latest News: Business
Maire acquires engineering companies in Italy and Poland
MAIRE S.p.A. (Milan) announced that KT - Kinetics Technology (the subsidiary part of the Integrated E&C Solutions Business Units operating also in support of the Sustainable Technology Solutions Business Unit) has signed a binding agreement to acquire 100% of APS…
Lanxess significantly reduces Scope 2 emissions at sites in Arkansas
Lanxess AG (Cologne, Germany) announced an agreement with its utility provider, Entergy Arkansas, to significantly reduce emissions related to powering the company’s sites in Arkansas. The new agreement reduces LANXESS’ Scope 2 emissions – external energy sources – by utilizing…
KBR and Sumitomo Chemical form technology licensing alliance for propylene oxide production
KBR, Inc. (Houston) and Sumitomo Chemical Co. (Tokyo, Japan) announced that they have signed an alliance agreement to make KBR an exclusive licensing partner for Sumitomo Chemical's state-of-the-art propylene oxide by cumene (POC) technology. Propylene oxide is an intermediate product…
Nel and Reliance sign licensing agreement for alkaline electrolyzers
Nel Hydrogen Electrolyser AS, a fully owned subsidiary of Nel ASA has entered into a technology licensing agreement with Reliance Industries Ltd. (RIL; Mumbai). The agreement provides RIL with an exclusive license for Nel’s alkaline electrolyzers in India and also…
PPG to build new paint and coatings manufacturing facility in Tennessee
PPG (Pittsburgh, Pa.) announced it will invest $300 million in advanced manufacturing in North America to support increased demand for paints and coatings in the automotive industry. These investments will commence in 2024 and span a four-year period. As part…
Lummus and Sumitomo Chemical announce collaboration agreements for circular and polyolefins technologies
Lummus Technology (Houston) and Sumitomo Chemical Co. (Tokyo, Japan) announced two collaboration agreements to license and commercialize the following proprietary technologies: Sumitomo Chemical's proven low-density polyethylene/ethylene vinyl acetate (LDPE/EVA) production technology Sumitomo Chemical's poly methyl methacrylate recycling (rPMMA) technology With…
H.B. Fuller acquires ND Industries
H.B. Fuller Company (St. Paul, Minn.), the biggest pureplay adhesives company in the world, announced that it has acquired ND Industries Inc., a leading provider of specialty adhesives and fastener locking and sealing solutions serving customers in the automotive, electronics,…
Dow and SCGC enter partnership for transformation of plastic waste into circular products
Dow (Midland, Mich.) and SCG Chemicals Co. (Bangkok, Thailand) announced the signing of a first-of-its kind memorandum of understanding (MOU) circularity partnership in the Asia Pacific region to transform 200,000 tons/yr of plastic waste into circular products by 2030. This…
AstraZeneca to build $1.5-billion manufacturing plant in Singapore
AstraZeneca (Cambridge, U.K.) intends to build a $1.5-billion manufacturing facility in Singapore for antibody drug conjugates (ADCs), enhancing global supply of its ADC portfolio. ADCs are next-generation treatments that deliver highly potent cancer-killing agents directly to cancer cells through a…
Thyssenkrupp Uhde and Johnson Matthey join forces to offer an integrated solution for ‘blue’ ammonia technology
Thyssenkrupp Uhde GmbH (Dortmund, Germany) and Johnson Matthey plc (JM; London, U.K.) have signed a Memorandum of Understanding to jointly offer a fully integrated low-carbon (blue) ammonia technology, building on a nearly 25-year ammonia relationship between the companies. In the…