Latest News: Business
Shell to start work on Europe’s largest renewable hydrogen plant
Shell Nederland B.V. and Shell Overseas Investments B.V., subsidiaries of Shell plc, have taken the final investment decision to build Holland Hydrogen I, which will be Europe’s largest renewable hydrogen plant once operational in 2025. The 200MW electrolyzer will be…
AkzoNobel to acquire performance coatings firm Lankwitzer Lackfabrik
AkzoNobel (Amsterdam, the Netherlands) is to bolster its performance coatings portfolio after reaching an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. Completion, which is subject to regulatory approvals, is expected before the end of 2022.…
Wood awarded FEED contract for PRL refinery expansion in Karachi
Wood plc (Aberdeen, Scotland) has secured a new multi-million-dollar front-end engineering design (FEED) contract by Pakistan Refinery Ltd. (PRL) for its planned Refinery Expansion and Upgrade Project (REUP) in Karachi. PRL’s refinery, situated on the coastal belt of Karachi, is…
Versalis and Forever Plast to construct plastics recycling facility at Porto Marghera
Versalis S.p.A. (San Donato Milanese), Eni's chemical company, and Forever Plast, an Italian company and European leader in the recycling of post-consumer plastics, have signed a new agreement as part of a project aimed at transforming the Porto Marghera industrial…
Ineos announces government funding for green-H2 feasibility study in Köln
Ineos (London) has announced that the state government of North Rhine-Westphalia has confirmed €770,000 funding to support a feasibility study for the construction of a 100-megawatt water electrolysis plant for the production of green hydrogen at the INEOS site in…
DOMO Chemicals and Hynamics collaborating on zero-carbon hydrogen project in France
DOMO Chemicals (Leuna, Germany) and Hynamics, a 100% subsidiary of EDF Group specializing in the production of low-carbon hydrogen, have entered into a partnership project with the objective of achieving zero-carbon for 100% of the hydrogen used at the Belle-Étoile…
Wacker opens new silicones production site in India
Wacker Chemie AG (Munich, Germany) opened a new production site for silicones in Panagarh, India. The plant, which is situated 160 km northwest of Kolkata, will manufacture silicone rubber and ready-to-use silicone compounds for electromobility, medical technology and electrical transmission…
Lummus and Clariant announce successful startup of world’s largest Catofin PDH unit
Lummus Technology (Houston; www.lummustechnology.com), a global provider of process technologies and value-driven energy solutions, and its catalyst partner Clariant, announced the successful startup and acceptance of Qingdao Jinneng New Material Co.'s 900,000 metric tons per annum CATOFIN propane dehydrogenation…
Trinseo and GMP Group announce plans for polystyrene recycling plant in the Netherlands
Trinseo (Berwyn, Pa.) and GMP Group (GMP), a circular business innovations company in the Netherlands, announced jointly their intended concerted efforts in further unlocking the circularity of polystyrene (PS). Trinseo and GMP’s collaboration aims at providing a framework for cooperation,…
Sumitomo Chemical announces “turquoise” hydrogen joint research project
Sumitomo Chemical Co. (Tokyo, Japan) and the National Institute of Technology Asahikawa College announced that they will accelerate joint research on a catalyst and a process for low environmental impact commercial production of turquoise hydrogen, along with joint research into…