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Fortum to build hydrogen pilot plant in Finland
Fortum Oy (Espoo, Finland) will build a hydrogen production pilot plant in Loviisa, Finland. The plant will be located in the Källa area near Fortum’s Loviisa nuclear power plant on a plot owned by the company. The construction of the…
Asahi Kasei, Mitsui Chemicals and Mitsubishi Chemical enter joint feasibility study for decarbonization of ethylene production
Asahi Kasei Corp. (Tokyo), Mitsui Chemicals, Inc. (Tokyo), and Mitsubishi Chemical Group Corp. (MCG Group; Tokyo) plan to perform a joint feasibility study on feedstock and fuel conversion at the three companies’ ethylene production facilities in western Japan in order…
Climeworks opens world’s largest direct-air capture plant in Iceland
Climeworks (Zurich, Switzerland) has announced that the world's largest direct air capture and storage plant, named Mammoth, started operations in Iceland. It is the second commercial facility of Climeworks in Iceland and is about ten times bigger than its predecessor,…
Equinor to acquire 45% stake in two Standard Lithium projects
Equinor Energy AS (Stavanger, Norway) has entered into an agreement with Standard Lithium Ltd. (Vancouver, B.C., Canada) to acquire a 45% share in two lithium project companies in Southwest Arkansas and East Texas. Standard Lithium recently commissioned a direct lithium…
U.S. DOE awards $5 million to Avium to further develop alkaline electrolyzer stacks
Avium, LLC (www.aviumenergy.com), an alkaline electrolysis company supported by Tallgrass, received a three-year, $5 million award from the Department of Energy (DOE). The DOE funding will accelerate the commercialization of robust and reliable alkaline electrolyzers by combining Avium’s proven low-cost,…
MHI to collaborate with Chiyoda for licensing of CO2-capture technologies
Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo) has concluded a General License Agreement (GLA) with Chiyoda Corp. (Yokohama, Japan). Under this strategic collaboration agreement, MHI will grant license of "KM CDR Process" and "Advanced KM CDR Process" to Chiyoda, which is…
INOX Air Products to supply green-hydrogen to Asahi India Glass
Asahi India Glass Ltd. (AIS), India’s leading glass manufacturer, and INOX Air Products (INOXAP), India’s largest manufacturer of industrial and medical gases, have entered into a 20-year offtake agreement for supply of Green Hydrogen, to AIS’s greenfield float-glass facility in…
Ashland signs definitive agreement to sell nutraceuticals business
Ashland Global Holdings Inc. (Wilmington, Del.) announced that it has signed a definitive agreement to sell its nutraceuticals business to Turnspire Capital Partners LLC. The transaction is expected to close in the calendar third quarter 2024, subject to the satisfaction…
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company between Chandra Asri Capital Pte. Ltd. and Glencore Asian Holdings…
BASF invests in capacity expansion for paraffin inhibitors at Tarragona plant
BASF SE (Ludwigshafen, Germany) plans to expand the global production capacity of its Basoflux range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s Oilfield Chemicals business to meet the current and future demand of…