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Latest News: Business

Ashland is expanding production capacity for bioresorbable polymers in Ireland

Ashland Global Holdings Inc. (Wilmington, Del.)  has announced a strategically significant expansion of its Viatel bioresorbable polymer manufacturing and research and development site at the National Science Park, home to a network of innovative organizations, in Mullingar, Ireland. The capital…

Plans underway for Swedish clean-hydrogen hub

Everfuel A/S is pleased to announce the signing of a Memorandum of Understanding (MoU) with Karlstads Energi for a collaboration on developing a hydrogen hub in Karlstad, Sweden. The two parties plan to explore the commercial and technical feasibility of…

Mitsui Chemicals bolsters bio-based feedstock portfolio with investment in Apeiron Bioenergy

Mitsui Chemicals, Inc. (Tokyo) announced its investment in Apeiron AgroCommodities Pte. Ltd., rebranded and known as Apeiron Bioenergy (Singapore) in June 2022. Apeiron Bioenergy is one of the largest collectors and sellers of used cooking oil in Southeast Asia and…

Yara and Northern Lights announce decarbonization milestone

Yara International ASA (Oslo, Norway) and Northern Lights have signed the world’s first commercial agreement on cross-border CO2 transport and storage. This is groundbreaking for the decarbonization of European heavy industry, opening the market for cross border CO2 transport and…

Electrolyzer manufacturer Ohmium announces collaboration with Shell

Ohmium International, a green hydrogen company that designs, manufactures, and deploys PEM electrolyzers, is collaborating with Shell India to evaluate hydrogen applications, markets, and project opportunities in India and globally. As part of the collaboration, both parties have intent to…

Ube is raising polycarbonate diol production capacity at Thai subsidiary

UBE Corp. (Tokyo) announced that it has started third expansion of its production facilities for polycarbonate diol (PCD) at one of its local subsidiaries in Thailand, UBE Fine Chemicals (Asia) Co., Ltd., in order to meet rising demand in the…

thyssenkrupp Uhde to build world-scale blue ammonia plant in Qatar

thyssenkrupp Uhde has won a new contract from its long-standing customer and QatarEnergy’s affiliate, Qatar Fertiliser Company (QAFCO), for the engineering, procurement, construction and commissioning of a world-scale ammonia plant, capable of producing its full output as Blue Ammonia. The…

Clariant sells Quats business for $113 million

Clariant AG (Muttenz, Switzerland) announced that it has reached a definitive agreement for the divestment of its Quats business to Global Amines Company Pte. Ltd., a 50/50 joint venture owned by Clariant and Wilmar, Asia’s leading agricultural business and oleochemicals…

Honeywell completes engineering assessment for new aromatics plant at Pengerang Energy Complex

Honeywell International Inc. (Charlotte, N.C.) completed the engineering assessment for Pengerang Energy Complex (PEC) Greenfield Integrated Condensate Splitter & Aromatic Complex located in Johor, Malaysia. The project is slated to be fully operational in 2026 and will produce 2.3 million…

Mitsui Chemicals to construct new elastomers plant in Singapore

Mitsui Chemicals, Inc. (Tokyo) announced plans to bolster capacity at its Singapore-based wholly owned subsidiary Mitsui Elastomers Singapore Ltd. by building a new plant to produce the high-performance elastomer Tafmer.  The new plant will be located at the company’s Jurong…