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Latest News: Business

Hexpol to acquire U.S.-based thermoplastics firm

Hexpol AB (Malmö, Sweden) has signed an agreement to acquire 100% of the shares in McCann Plastics LLC from the McCann family. The company is specialized in niche thermoplastic compounds, with special focus on roto molding applications. The acquisition is…

Itochu and Neste undertaking SAF-blending project in Japan

Itochu Corp. (Tokyo) has been selected for a sustainable aviation fuel (SAF) demonstration project by the Japanese Civil Aviation Bureau, Ministry of Land, Infrastructure, Transport and Tourism (MLIT). The aim of the project is to demonstrate the blending of imported…

Clariant completes acquisition of BASF’s U.S. Attapulgite business assets

Clariant AG (Muttenz, Switzerland) has completed the acquisition of BASF’s U.S. based Attapulgite business assets for $60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility,…

JGC begins development work on carbon-capture technology using LNG cold energy

JGC Corp. (Yokohama, Japan) announced that domestic EPC operating company JGC Japan Corporation (JGC Japan) has started technical development on carbon dioxide (CO2) capture applying unused cold energy from liquefied natural gas (LNG). These efforts support development and demonstration in…

Alfa Laval supplies heat exchangers to the world’s largest green hydrogen plant

Alfa Laval AB (Lund, Sweden) has signed an agreement to deliver compact heat exchangers to the world’s largest green hydrogen plant, which is to be constructed in the Middle East. The facility, powered by renewable energy, will be part of…

Baker Hughes invests to scale up Levidian’s methane-cracking technology

Baker Hughes (Houston) has backed Levidian’s world-first decarbonization technologies with a £12m investment at a £130m valuation – opening up global collaboration opportunities. The cash injection will enable the further scale up of Levidian’s business, including both LOOP, Levidian’s decarbonization…

Sandvik completes the acquisition of Schenck Process Group’s mining business

Sandvik AB (Stockholm, Sweden) has completed the previously announced acquisition of the mining related business of Schenck Process Group (SP Mining). SP Mining is one of the market leaders in screening, feeding, screening media and train loading solutions in the…

SLB and Linde collaborate on carbon capture and sequestration

SLB (formerly Schlumberger) and Linde plc (Guildford, U.K.) announced that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of…

Ineos signs agreement with Plastic Energy for 100,000-ton plastic-waste conversion plant

London-based firms INEOS Olefins & Polymers Europe and Plastic Energy have announced a Memorandum Of Understanding to produce 100,000 tons per year of recycled raw materials from plastic waste. This will be the largest use of Plastic Energy technology on…

Fluor selected for Wyoming’s Project Bison carbon-capture facility

CarbonCapture Inc., a U.S. climate tech company that develops direct air capture (DAC) systems based on a groundbreaking modular open systems architecture, today announced the selection of Fluor Corp. (Irving, Tex.), a leading global engineering, procurement, and construction (EPC) firm,…