Samsung E&A (Seoul, South Korea) announced that it held a groundbreaking ceremony for its Wabash Low-Carbon Ammonia Project on the 5th January. Held at the Hay Adams Hotel in Washington, D.C., the ceremony was attended by approximately 70 project and…
Syensqo S.A. (Brussels, Belgium) announced that it has completed the previously announced divestment of its Oil & Gas business unit to SNF Group (Andrézieux-Bouthéon, France) for an Enterprise Value of €135 million. Syensqo’s Oil & Gas Business Unit, a global…
Metso Corp. (Espoo, Finland) has successfully completed the divestment of its Ferrous business to SMS group, a global company providing technology and services in plant construction and mechanical engineering for the metals industry. The businesses divested include, for example, the travelling grate…
Phillips 66 Ltd. (Houston) has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving…
Technip Energies (Paris) announced the completion of its acquisition of the Advanced Materials & Catalysts (AM&C) business from Ecovyst Inc. (Malvern, Pa.) , a global leader in specialty catalysts and advanced materials. This strategic transaction expands Technip Energies’ portfolio by…
Moeve (Madrid, Spain) has signed a strategic agreement with Pretium Renovables to promote the development of renewable biomethane in Spain. The energy company has invested in this company, which specializes in developing biomethane projects, as a strategic partner to promote…
As industries navigate a rapidly changing technological landscape, the need for efficient, sustainable and forward-thinking process solutions has never been greater. From optimizing production lines to reducing emissions and maximizing energy efficiency, the challenges facing manufacturing and processing sectors today…
The COMBI WVD vacuum booster pump unit features high pumping speed and low ultimate pressure, from atmosphere down to the 10-3 hPa (mbar) range. This makes it ideal for both standalone operation and use as backing pump for high vacuum…
As connected devices and systems have become more advanced, engineers in turn have become savvier about the realities of a digitally connected enterprise, especially with regard to securing their operational technology (OT) systems. Even with globally increasing cybersecurity awareness, however,…
Several situations, including when takeaway capacity is limited at remote oil-well sites, result in methane flaring. To avoid wasting that resource, several strategies have been explored to convert methane onsite into commercially useful liquid chemicals. One of the approaches is…