Latest News: Business
Dow announces global alkoxylation capacity expansion
Dow (Midland, Mich.) announced plans to expand its global alkoxylation capacity in the U.S. and Europe to meet increasing demand across a wide range of fast-growing end-markets where the Company is delivering 10% to 15% annual growth rates, from home…
Nel opens electrolyzer manufacturing plant in Herøya
Nel ASA (Oslo, Norway) has opened a new automated electrolyzerplant at Herøya, which is contributing to unlocking new application areas where green hydrogen is the best or only option for decarbonizing. The secret is scale-up and automation, which is lowering…
KBR awarded maintenance services contract for Satorp refinery
KBR, Inc. (Houston) announced that it has been awarded a 7-year contract with an option to extend for another 3 years, for the provision of General Maintenance Services (GMS) by Saudi Aramco TOTAL Refining and Petrochemical Company (SATORP), for its…
Royal DSM to sell Protective Materials business to Avient for €1.44 billion
Royal DSM N.V. (Herleen, the Netherlands) has reached an agreement to sell its Protective Materials business to Avient Corp. (Cleveland, Ohio) for an Enterprise Value of €1.44 billion. The proposed transaction includes all of DSM’s Protective Materials activities, chiefly consisting…
Thermo Fisher opens bioprocessing manufacturing facility in Ogden, Utah
Thermo Fisher Scientific Inc. (Waltham, Mass.) announced the opening of its new single-use technology manufacturing site in Ogden, Utah. The state-of-the-art facility creates additional capacity to produce the high-quality technology and materials needed for the development of new vaccines and…
Seksui and INCJ complete waste-to-ethanol demonstration plant in Japan
Sekisui Chemical Co. (Osaka, Japan) and INCJ, Ltd. announced the completion of a waste-to-ethanol demonstration plant in Kuji City, Iwate, Japan. This plant represents a significant opportunity for creating sustainable feedstocks used in the manufacture of other products from waste…
JERA and Sumitomo Chemical developing new LIB-recycling process
JERA Co., Inc. (Tokyo) and Sumitomo Chemical Co. (Tokyo, Japan) have received notice that their grant application, under the Green Innovation Fund program of the New Energy and Industrial Technology Development Organization (NEDO), to conduct a project to develop a…
ExxonMobil begins FEED work for large-scale CCS project in Australia
ExxonMobil Corp. (Houston) is undertaking early front-end engineering design studies (pre-FEED) to determine the potential for carbon capture and storage (CCS) to reduce greenhouse gas emissions from multiple industries in the Gippsland Basin. The South East Australia carbon capture and…
TotalEnergies and ENEOS to study sustainable aviation fuel production at Negishi Refinery
TotalEnergies (Paris) and ENEOS Corp. (Tokyo, Japan) announced a collaboration to jointly conduct a feasibility study to assess the production of Sustainable Aviation Fuel (SAF) in ENEOS Negishi Refinery in Yokohama city, Japan. The companies have already started to conduct…
ADM announces plans to significantly expand alternative proteins production in Illinois
Archer-Daniels-Midland Co. (ADM; Chicago) will invest approximately $300 million to significantly expand its Decatur, Illinois, alternative protein production, as the company continues to add capacity to meet strong demand growth. ADM will further enhance its alternative protein capabilities by opening…