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Latest News: Business

Toray expands production capacity for desalination RO membranes in Saudi Arabia

Toray Industries, Inc. (Tokyo) announced that Toray Membrane Middle East LLC (TMME) has expanded capacity for desalination reverse osmosis (RO) membranes by initiating operations at a new facility in Dammam, Saudi Arabia. That upgrade made the company the first in…

GEA builds new large-scale mixing plant for flavor production at Symrise

GEA (AG) (Düsseldorf, Germany)  is constructing a large-scale mixing plant for flavor production for Symrise AG (Holzminden, Germany) at its main site in Holzminden, Lower Saxony, Germany. Symrise is one of the world’s leading suppliers of fragrances and flavors. With…

Solvay and Sapio collaborating on renewable hydrogen production in Rosignano, Italy

Solvay S.A. (Brussels, Belgium) and Sapio have entered a 10-year agreement to collaborate on renewable hydrogen production at Solvay’s Rosignano facility, part of the Hydrogen Valley Rosignano Project aimed at cutting CO2 emissions from Solvay’s peroxides operations.  Under the agreement, Sapio…

INEOS launches investment to modernize cracker at petrochemical facility in France

INEOS (London, U.K.; www.ineos.com) has today announced a €250m investment program to regenerate and modernize its cracker at Lavera as part of a bold move to secure the future of one of France’s most important industrial sites and safeguard thousands…

Ingevity and CHASM enter licensing agreement for carbon nanotube production

CHASM Advanced Materials, Inc.  announced the signing by Ingevity Corp. (North Charleston, S.C.) of a license agreement for CHASM's patented, low-cost, and highly scalable carbon nanotube (CNT) production technology. The agreement grants Ingevity the rights to manufacture CHASM's NTeC®-E CNT…

Rockwell Automation to build new manufacturing site in Wisconsin

Rockwell Automation, Inc. (Milwaukee, Wisc.) announced plans to build a new greenfield manufacturing site in Southeastern Wisconsin. The project marks the next step in the company’s previously announced $2 billion investment in plants, digital infrastructure, and talent to grow share,…

DuPont breaks ground for new specialty lubricants plant in China

DuPont (Wilmington, Del.) held a groundbreaking ceremony for its new MOLYKOTE® specialty lubricants manufacturing plant in the Zhangjiagang, Jiangsu Province in East China. The event marks a significant step forward in the global capacity expansion, customer responsiveness, and regional innovation…

AkzoNobel and Axalta to combine, creating $25-billion coatings enterprise

Akzo Nobel N.V. (Amsterdam) and Axalta Coating Systems Ltd. (Philadelphia, Pa.) have entered into a definitive agreement to combine in an all-stock merger of equals, creating a premier global coatings company with an enterprise value of approximately $25 billion. The…

BASF and ExxonMobil collaborate on methane pyrolysis technology

BASF (Ludwigshafen, Germany; www.basf.com) and ExxonMobil (Houston, Tex.; www.exxonmobil.com) have formed a strategic collaboration to advance methane pyrolysis technology, a next step toward delivering efficient, cost-competitive low-emission hydrogen solutions for industrial use. The companies have signed a joint development agreement…

Sulzer to supply equipment for Inpasa biofuels expansion in Brazil

Sulzer Ltd. (Winterthur, Switzerland) has been selected by Inpasa, a leading bioenergy producer in Latin America, as the primary equipment supplier of process pumps and agitators for its latest phase of industrial expansion in Brazil. Inpasa is building new biofuel…