Latest News: Business
Honeywell doubles production capacity for Solstice ze in Baton Rouge
Honeywell International Inc. (Charlotte, N.C.) announced its Baton Rouge, LA., facility has doubled production capacity of Honeywell Solstice ze (HFO-1234ze), an ultra-low-global-warming-potential (GWP) and energy-efficient solution compared to other current technologies. Solstice ze is used in foam insulation, as an aerosol…
Synova, SABIC and Technip Energies collaborating on valorization of plastic waste
Synova, SABIC Global Technologies B.V., an affiliate of Saudi Basic Industries Corporation (SABIC), and Technip Energies (T.EN) have signed a Joint Development and Cooperation Agreement on November 23, 2022 to collaborate on the development and realization of a commercial plant,…
ExxonMobil and Mitsubishi Heavy Industries form carbon capture technology alliance
ExxonMobil Corp. (Houston) and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers. The joint effort combines ExxonMobil’s and MHI’s years…
DSM begins construction of new manufacturing plant in Scotland
Royal DSM N.V. (Herleen, the Netherlands) began construction of a new manufacturing facility at its site in Dalry, Scotland. The plant will significantly increase global production of Bovaer, DSM’s unique methane-reducing feed additive for cattle. In an official groundbreaking ceremony…
Elementis sells its Chromium business
Elementis plc (London) announced that it has agreed to sell its Chromium business to Yildirim Group for an enterprise value of $170 million. The transaction includes the transfer of environmental liabilities of $35 million and other liabilities of $8m, with…
Honeywell and Environ join forces to promote circular plastic economy in Egypt
Honeywell International Inc. (Charlotte, N.C.) has signed a Memorandum of Understanding (MoU) with Egypt’s Environ Adapt for Recycling Industries with the aim of advancing plastics recycling in the country. The two organizations will explore the development of the first chemical recycling facility…
LanzaTech and Sumitomo Riko partner on sustainable isoprene production
LanzaTech, Inc. (Skokie, Ill.) and Sumitomo Riko Company Ltd. have entered into a joint-development agreement to reuse rubber, resin and urethane waste for the production of a key chemical intermediate, isoprene. Isoprene is produced by plants, and along with its…
LG Chem to construct a ‘dry methane reforming’ facility to convert captured CO2 into plastics
LG Chem (Seoul, South Korea) will construct an innovative carbon mitigation facility that will produce raw materials for plastics using carbon dioxide to build its foundation to achieve 2050 Net Zero. LG Chem will construct a DRM (Dry Reforming of…
Covestro starts up NDI plant in Thailand
Covestro AG (Leverkusen, Germany) recently started up the production of Naphthylen-Diisocyanate (NDI) for the Vulkollan raw material at a newly built plant in its Map Ta Phut site in Thailand. The groundbreaking of the plant happened almost exactly two years…
Invista inaugurates adiponitrile plant at Shanghai Chemical Industry Park
Invista (Wichita, Kan.) announced that INVISTA Nylon Chemicals (China) Co. held the inauguration ceremony for its new adiponitrile (ADN) plant at the Shanghai Chemical Industry Park (SCIP). Being a critical part of INVISTA’s integrated nylon 6,6 value chain, the plant,…