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Latest News: Business

Worley awarded FEED contract for decarbonization project at OQ’s Sohar Refinery

Worley Ltd. (North Sydney, Australia)  has secured a contract with OQ Refineries and Petroleum Industries LLC (OQ RPI) to provide Front-End Engineering Design (FEED) for a decarbonization project at its Sohar Refinery in Oman. Worley will be solely responsible for…

Mitsubishi Heavy Industries awarded EPC contract for Zeon’s new cyclo-olefin polymer production plant

Mitsubishi Heavy Industries, Ltd. (MHI) has been awarded the engineering, procurement, and construction (EPC) contract for a Cyclo-olefin Polymer (COP) production plant planned by Zeon Corp. (Tokyo) in Shunan City, Yamaguchi Prefecture. The plant is scheduled for completion in the…

Fujifilm opens new production facility for semiconductor materials

Fujifilm Corp. (Tokyo) announced the successful completion of a new building for development and evaluation at the Shizuoka Factory of FUJIFILM Electronic Materials Co., Ltd. (FFEM), the core company that leads Fujifilm’s semiconductor materials business, with operations commencing in November.This…

Sintokogio Group to acquire Bosch ceramics business

Bosch Advanced Ceramics announced that it will become part of the Sintokogio Group and, following completion of the acquisition, will operate under the name Sinto Advanced Ceramics. The new ownership lays the foundation for a long-term growth strategy supported by…

Aster Chemicals partners with Hitachi double ethylene export capacity in Singapore

 Aster Chemicals and Energy Pte. Ltd. (Singapore) announced an agreement with Hitachi Asia Ltd (Hitachi) to acquire advanced compressor solutions to double its ethylene export capacity at Aster Bukom island facility. This investment strengthens Aster’s ability to meet rising regional…

Elementis acquires personal care specialist Alchemy Ingredients Ltd.

Elementis plc (London) has completed the acquisition of U.K.-based Alchemy Ingredients Limited for an enterprise value of £17 million (around $22 million) on a cash-free debt-free basis. Alchemy develops innovative, high-quality, sustainable rheology modifier ingredients for the personal care industry…

Asahi Kasei Advance Corp. and Teijin Frontier to merge

Asahi Kasei Corp. (Tokyo) and Teijin Ltd. (Tokyo) have entered into an agreement to implement an absorption-type merger between Asahi Kasei Advance Corp. (Asahi Kasei Advance), a wholly owned subsidiary of Asahi Kasei, and Teijin Frontier Co., Ltd. (Teijin Frontier),…

Methane pyrolysis plant inaugurated by V-ZUG in Switzerland

Sulzer Ltd. (Winterthur, Switzerland) has announced its participation in the Swiss Association for the Decarbonization of Industry (VZDI) methane pyrolysis project. VZDI inaugurated a unique methane pyrolysis plant at the production site of V-ZUG, a VSDI member and market leader in household…

Moeve and Honeywell expand strategic alliance to deliver renewable linear alkylbenzene

Moeve (formerly Cepsa; Madrid, Spain) and Honeywell International, Inc. (Charlotte, N.C.) announced an expanded collaboration to scale up production technologies of bio-based Linear Alkylbenzene (LAB), the raw material for making LAS (Linear Alkylbenzene Sulfonate), the main surfactant in the production…

Saipem awarded new contracts for Dangote Fertilizer projects in Nigeria and Ethiopia

Saipem S.p.A. (San Donato Milanese, Italy) has been awarded two new contracts by Dangote Fertilizer, Africa’s leading fertilizer producer, for technical know-how & licensing for the realization of six urea units, four in Nigeria and two in Ethiopia, and the…