Latest News: Business
AkzoNobel inaugurates €7.5-million powder coatings innovation lab in the Netherlands
Akzo Nobel N.V. (Amsterdam, the Netherlands) has inaugurated a new €7.5 million innovation lab at its Sassenheim site in the Netherlands, strengthening the company's largest global R&D center. Officially opened by Dutch Minister of Climate and Green Growth Stientje van…
Novonesis to invest €600 million to expand enzyme production facility in India
Novonesis A/S (Lyngby, Denmark) will expand its facility in Patalganga, Maharashtra, India, and build one of the world's most advanced enzyme production facilities. The €600 million investment will increase Novonesis' production capacity to meet rising worldwide demand for the company's…
Symrise to divest terpene ingredients business to Mutares
Symrise AG (Holzminden, Germany) has signed a definitive agreement to sell AmeriTerpenes LLC (Jacksonville, Fla.), its terpene ingredients business, to international private equity investor Mutares SE & Co. KGaA (Munich, Germany). With this divestment, Symrise sharpens its portfolio and concentrates…
Axens to provide technology for Expander Energy’s SAF and renewable diesel projects in Canada
Axens S.A. (Rueil-Malmaison, France), a global leader in sustainable refining and biofuels technology licensing and development, today announced that it has been selected by Expander Energy Inc. (Calgary, Alberta, Canada), a producer of sustainable aviation fuel (SAF) and renewable diesel…
Uniper signs FEED contracts with AFRY, Carbon Clean, Siemens Energy and Topsoe for NorthStarH2 e-methanol plant
Uniper SE (Düsseldorf, Germany) has signed contracts with AFRY AB (Solna, Sweden), Carbon Clean Ltd. (London, U.K.), Siemens Energy AG (Munich, Germany), and Topsoe A/S (Kgs. Lyngby, Denmark) to begin the next development phase for NorthStarH2, a planned e-methanol production…
Saipem awarded pre-FEED contract for Synhelion’s commercial-scale synthetic fuel plant in Germany
Saipem S.p.A. (Milan, Italy) has been awarded a contract by Synhelion AG (Zurich, Switzerland), a producer of renewable synthetic fuels, to execute the pre-FEED (pre-Front-End Engineering Design) activities for a new commercial-scale synthetic fuel plant to be located at RWE…
Acwa and Veolia expand seawater desalination partnership
Acwa (Riyadh, Saudi Arabia) has signed a memorandum of understanding with Veolia Environnement S.A. (Paris, France) committing the two companies to optimizing seawater desalination across the entire value chain — covering how plants are designed, what equipment goes into them,…
Eli Lilly to acquire biotechnology company Merida Biosciences
Eli Lilly and Company (NYSE: LLY; Indianapolis, Ind.) and Merida Biosciences, Inc. (Cambridge, Mass.), a biotechnology company advancing a new class of precision therapeutics for serious autoimmune and allergic diseases, today announced a definitive agreement for Lilly to acquire Merida.…
Itochu invests in India’s first independent ammonia-storage terminal
ITOCHU Corporation (Minato-ku, Tokyo, Japan)announced that it has acquired a portion of the equity securities of Aegis Terminal (Pipavav) Ltd. (Gujarat, India; ATPL) from Aegis Vopak Terminals Ltd. (Mumbai, India; AVTL). Through this investment, ITOCHU has entered the ammonia storage…
SLB to acquire thermal management firm Kelvion for around $3.4 billion
SLB N.V. (Houston, Tex.) announced it has signed an agreement to acquire Kelvion Holding GmbH (Herne, Germany), a global provider of thermal management and heat exchange technologies. The acquisition strengthens SLB's Data Center Solutions business with critical thermal management technologies…