Latest News: Business
Empower EIT commissions operations and innovation center for direct lithium extraction
Empower EIT (Addison, Tex.; www.empowereit.com), a vertically integrated lithium technology and operating company, has completed the commissioning of its 17,000-square-foot Dallas Operations & Innovation Center as the company targets first commercial sales in 2027. Leveraging its proprietary direct lithium extraction…
Honeywell Technologies completes acquisition of Johnson Matthey’s Catalyst Technologies business
Honeywell Technologies (Charlotte, N.C.) has announced the completion of its acquisition of Johnson Matthey plc's (London, U.K.) Catalyst Technologies business in an all-cash transaction. This deal strengthens the company's portfolio across refining, petrochemicals and renewable fuels. Honeywell Technologies will now…
LG Chem begins mass production of semiconductor stripper materials
LG Chem Ltd. (Seoul, South Korea) announced that it has begun mass production and supply of semiconductor strippers to Amkor Technology, Inc. (Tempe, Ariz.), marking LG Chem's first entry into the semiconductor stripper market and accelerating its strategy to expand…
Aquatech to acquire METICHEM, expanding water treatment chemicals and O&M capabilities in the Middle East and Asia
Aquatech International LLC (Canonsburg, Pa.) has announced that it will acquire Metito Chemical Solutions (METICHEM; Dubai, UAE), a UAE-based leader in advanced water-treatment chemicals and operations & maintenance (O&M) services across industrial, municipal and institutional markets in the Middle East,…
DePoly inaugurates first-of-its-kind depolymerization facility in Switzerland
DePoly (Sion, Switzerland) inaugurated its Showcase Plant in Monthey on July 6–7. The first depolymerization facility of its kind and scale in Switzerland, this industrial Showcase Plant represents a major milestone in the company's growth and its journey toward commercialization.…
Siemens Energy and Siemens Gamesa to rebrand as Omterra
Siemens Energy AG (Munich, Germany) is beginning preparations for the transition to an independent brand, following its spin-off from Siemens AG in 2020 and the company's successful subsequent development. This move is based on the time-limited license agreement governing the…
DuPont launches end-to-end direct lithium extraction portfolio for diverse brine resources
DuPont de Nemours, Inc. (Wilmington, Del.) has launched an end-to-end Direct Lithium Extraction (DLE) portfolio comprising more than 20 products across multiple technologies, designed to improve lithium recovery and provide tailored solutions for diverse brine resources, supporting scalable lithium production…
PureCycle Technologies and partners to champion recycled-content BOPP film in Japan
PureCycle Technologies, Inc. (Orlando, Fla.), a specialist in plastic recycling, has announced a strategic partnership with RM TOHCELLO Co., Ltd. (Tokyo, Japan), one of the world's largest producers of biaxially oriented polypropylene (BOPP) film, and Mitsui & Co., Ltd. (Tokyo,…
ABB expands industrial automation portfolio with $5.5-billion Rotork acquisition
ABB Ltd. (Zurich, Switzerland) has agreed with Rotork plc (Bath, U.K.), a well-established global provider of mission-critical intelligent flow control solutions and a leading independent manufacturer of electric actuators, the terms of a recommended cash offer for the entire issued…
Air Liquide invests $160 million to supply ultra-high-purity gases to semiconductor fab in Arizona
Air Liquide S.A. (Paris, France) announces a new investment of over $160 million to build, own and operate a new large-scale production facility in Arizona to supply essential ultra-high-purity gases to the latest fab expansion of a global leader in…