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Latest News: Business

Gevo acquires Cultivate Agricultural Intelligence for $6 million

Gevo, Inc. (Englewood, Colo.) has acquired Cultivate Agricultural Intelligence, LLC (CultivateAI) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s…

Schneider Electric and Glencore collaborate to drive copper circularity

Schneider Electric (Paris) has partnered with Glencore Ltd. (Baar, Switzerland) to transform its copper supply chain and enhance decarbonization efforts.   S&P Global estimates that demand for copper will double by 2035, driven by electrification and the clean energy transition. Balancing…

HIF Global announces e-methanol project in Brazil

HIF Global (Houston) announced its first project in Brazil, after signing a land reservation contract with Port of Açu, one of Brazil's main ports, to develop a facility to produce up to 800,000 tons per year of e-Methanol. Pursuant to…

Avient to expand medical TPU production capacity in China

Avient Corp. (Cleveland, Ohio) is expanding the manufacturing of its NEU Custom Capabilities and NEUSoft Thermoplastic Polyurethane (TPU) solutions for catheter applications to its plant in Suzhou, China. This announcement also coincides with the start of Avient’s exhibit at Medtec…

Wood to operate and maintain world-scale plastics recycling facility in Ohio

Wood plc (Aberdeen, U.K.) has been awarded a three-year contract to operate and maintain the Freepoint Eco-Systems plant in Hebron, Ohio. The flagship facility spans 25 acres, utilizing a 260,000 square foot warehouse, making it one of the largest advanced…

Chemists observe a new type of single-electron covalent bond

At Hokkaido University in Japan, researchers led by Takuya Shimajiri and Associate Professor Yusuke Ishigaki have made the first-ever observation of a stable, single-electron carbon-carbon covalent bond. Covalent bonds, in which two atoms are bound together by sharing a pair…

DOE Announces $15 million federal funding to develop new systems for clean hydrogen production

The U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced up to $15 million in federal funding to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. Specifically,…

Worley providing pre-FEED for Liquid Wind e-methanol facility

Worley Ltd. (North Sydney, Australia) announced that it has entered into an agreement with Liquid Wind (Gothenburg, Sweden) to provide design and engineering services for the development of the NorthStarH2 e-methanol facility in Östersund, Sweden. Worley previously was awarded a…

Air Liquide to invest €60 million in ASU for Wanhua Chemical Group in China

Air Liquide S.A. (Paris, France) will invest close to €60 million to take over and operate an Air Separation Unit (ASU) within the context of a long-term contract with Wanhua Chemical Group (Wanhua), a global leading supplier of chemical innovative…

Metso acquires two businesses related to crushing and screening aggregate material

Metso (Espoo, Finland; www.metso.com) has signed an agreement to acquire Diamond Z and Screen Machine Industries from Crane Group (Columbus, Ohio; www.cranegroup.com), a family-owned investment company. Diamond Z increases Metso’s offering in mobile equipment for the organic recycling markets. Screen…