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Latest News: Business

Toray to expand production capacity for carbon fibers in France

Toray Industries, Inc. (Tokyo) announced that it has decided to expand French subsidiary Toray Carbon Fibers Europe S.A.’s production facilities for regular tow medium- and high-modulus carbon fibers. This move will increase annual capacity at the Abidos plant (South-West France)…

Albemarle and Caterpillar collaborating to support circular battery value chain

Albemarle Corp. (Charlotte, N.C.), a global leader in providing essential elements for mobility, energy, connectivity and health, signed agreements with Caterpillar Inc. to collaborate on solutions to support the full circular battery value chain and sustainable mining operations. The collaboration…

Air Liquide and Trillium to collaborate on development of heavy-duty hydrogen fueling market in the U.S.

Air Liquide S.A. (Paris) and Trillium Energy Solutions have signed a Memorandum of Understanding (MoU) to pursue the development of the heavy-duty hydrogen fueling market in the U.S. This significant collaboration marks a pivotal milestone in accelerating the decarbonization of…

Solvay to construct electric furnace at its silica plant in Collonges, France

Solvay S.A. plans to construct a new electric furnace at its Silica Plant in Collonges, France with operations scheduled to start in 2025. This strategic shift towards clean energy sources anticipates a 20% reduction in CO₂ emissions related to Silica…

TPC Group completes initial phase of di-isobutylene expansion

TPC Group (Houston) has announced that it has completed the initial phase of its di-isobutylene (DIB) capacity upgrade to supply the growing global demand for DIB driven by the adoption of low global warming potential refrigerants. These next-generation refrigerants are…

Stratasys sells urethane manufacturing facilities in California

3D printing solutions provider Stratasys Ltd. (Eden Prairie, Minn.) announced that on August 31, 2023 it completed the sale of the Stratasys Direct, Inc. (“Stratasys Direct”) urethane facilities located in Poway, California to the Lamarjean Group, dba as PolyCraft Tech.…

BASF and ZeroAvia partner to advance hydrogen fuel cells

BASF Environmental Catalyst and Metal Solutions (ECMS), a global leader in precious metal services and catalysis, and ZeroAvia, the leader in zero-emission propulsion solutions for commercial aviation, have signed an agreement for the supply of membrane electrode assemblies (MEAs) and…

GF Piping and neustark partnering on CO2 removal and storage projects

GF Piping Systems (Schaffhausen, Switzerland) has started a collaboration with neustark (Bern, Switzerland), a climate tech company specializing in removing CO2 from the atmosphere and permanently storing it in demolition concrete. To limit the increase in global average temperature to…

Arkema to launch new purification technology to cut emissions in acrylic production

By 2026, Arkema S.A. (Colombes, France) will implement a new, patented purification technology at its production site in Carling, France, to improve the site’s operational efficiency and environmental footprint toward the highest standard. This investment will enable to reduce the…

IOCL awards propylene purification contract to Nuberg EPC

Nuberg EPC (New Delhi, India), a global engineering, procurement and construction (EPC) company, has been awarded the PPP contract by Indian Oil Corporation Ltd. (IOCL) for the design, engineering, manufacturing, supply and commissioning of a Propylene Purification Package at IOCL…