Honeywell International, Inc. announced that it has agreed to acquire Sundyne (Arvada, Colo.) from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader…
Idemitsu Kosan Co.,Ltd. (Tokyo) has decided to construct a large-scale production facility for lithium-sulfide (Li2S), a material used in all-solid-state lithium-ion rechargeable batteries. The company will expand production capacity of lithium sulfide, an important intermediate raw material for solid electrolytes,…
Electrolyzer manufacturer Sunfire and P2X Solutions, a Finnish pioneer in green hydrogen and Power-to-X technologies, announced the commissioning of the production plant in Harjavalta. The Sunfire electrolyzer is Finland’s first industrial plant for the commercial production of green hydrogen. Nils…
Zeon Corp. (Tokyo), through its venture capital arm Zeon Ventures Inc., has invested in Aether Fuels Pte. Ltd. (Aether), a Singapore/U.S.-based startup developing a breakthrough production technology for scalable and cost-competitive sustainable liquid fuels. Alongside this investment, Zeon will proactively…
TotalEnergies SE (Paris) announces the commissioning of BioNorrois, its 8th biomethane production unit in France, located in Fontaine-le-Dun (Normandy). It will inject 153 GWh of biomethane per year into the natural gas transport network operated by NaTran equivalent to the…
Covestro AG (Leverkusen, Germany) recently made significant progress towards its scope 1 climate neutrality goal for its Baytown, TX site. A newly commissioned project, known as NAUCI (Nitric Acid Unit Climate Initiative), reduces greenhouse gas emissions from the site’s Nitric…
LyondellBasell Industries N.V. (LYB; Rotterdam, the Netherlands) announced an investment to expand propylene production capacity at its Channelview Complex near Houston. Groundbreaking and construction are expected to begin in the third quarter of 2025, with a projected startup in late 2028.…
Type CG330 and CG340 gas regulators (photo) are specifically engineered to address the growing demand for low-emission solutions in industrial applications involving compressed gases, such as inert gases, natural gas and other sensitive media. CG330/CG340 regulators are designed to deliver…
AGAE Technologies (Corvallis; Ore.; www.agaetech.com), a U.S.-based leader in rhamnolipid production and technology, with its partners, has officially opened the largest retrofitted manufacturing plant complex in Asia. This manufacturing complex, covering 41,000 square feet, has the capacity to produce over…
Sipchem (Sahara International Petrochemical Company; Al Khobar, Saudi Arabia; www.sipchem.com) and LyondellBasell (LYB; Houston, Tex.; www.lyondellbasell.com) have been awarded a feedstock allocation from the Ministry of Energy of Saudi Arabia supporting a joint feasibility study for a world-scale mixed feed…