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Latest News: Business

Babcock & Wilcox to study application of CO₂-capture technology for CONSOL decarbonization project

Babcock & Wilcox (B&W; Akron, Ohio) announced that its B&W Environmental segment has been awarded a contract to study the application of B&W’s SolveBright solvent-based carbon dioxide (CO2) capture solution for CONSOL Energy’s advanced coal and biomass-based 21st Century Power…

Solvay and Orbia forming PVDF joint venture in North America

Solvay S.A. (Brussels, Belgium) and Orbia (Mexico City, Mexico) announced their entry into a joint venture framework agreement to create a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF), creating the largest capacity in North America.  The total investment…

LyondellBasell’s polyproyplene technology selected for new plant in Vietnam

LyondellBasell Industries N.V. (Rotterdam, the Netherlands) announced that its leading polypropylene (PP) technology has been selected by Stavian Quang Yen Petrochemical, Ltd. (Stavian) for a new world-scale production facility. The facility will include a 600,000 metric tons per year (m.t./yr)…

Bloom Energy inaugurates electrolyzer production line in Delaware

Bloom Energy Corp. (San Jose, Calif.) inaugurated its high-volume commercial electrolyzer production line at the company’s Newark, Del. facility, increasing the company’s generating capacity of electrolyzers to two gigawatts. The award-winning technology is the most energy-efficient design to produce clean…

Phillips 66 adds fractionation capacity at Sweeny refinery

As part of its third-quarter financial results update, Phillips 66 Inc. (Houston) announced that is has completed an expansion of its Sweeny, Tex. petroleum refininey. The company added fractionation capacity (Sweeny Frac 4), adding 150,000 barrels/day (bbl/d) of capacity. Frac…

Momentive Technologies completes acquisition of CoorsTek’s crucibles business

Momentive Technologies (Strongsville, Ohio) announced it has completed the acquisition of CoorsTek’s (Lakewood, Colo.) crucibles business. This acquisition enables Momentive Technologies to provide semiconductor wafer and fabrication customers with a full range of crucible sizes to meet their advanced materials…

KBR launches large-scale clean ammonia platform

KBR Inc. (Houston) today the launch of its mega 10,000-ton/d blue and green ammonia offering to help meet the growing global sustainable energy and fertilizer demands of today and the future. The new offering leverages KBR’s proven leadership in capacity…

Wood and OMV enter partnership to license chemical-recycling technology

OMV AG (Vienna, Austria) and Wood plc (Aberdeen, U.K.) signed a Memorandum of Understanding (MoU) to enter into a mutually exclusive collaboration agreement for the commercial licensing of OMV’s proprietary ReOil technology. The two companies aim to agree on a…

BASF acquires Cargill’s canola-seed plant in Idaho Falls

BASF SE (Ludwigshafen, Germany) is expanding its high oleic canola seed production and processing business in North America through the completed acquisition of Cargill’s Idaho Falls seed production facility. This acquisition will expand the production capacity and reliability for InVigor…

DuPont completes divestiture of Mobility & Materials segment; cancels Rogers acquisition

DuPont (Wilmington, Del.) completed the previously announced divestiture of the majority of its former Mobility & Materials segment (the M&M Business) to Celanese Corp. (Dallas, Tex.) for a purchase price of $11 billion in cash, subject to customary transaction adjustments…