Asahi Kasei Corp. (Tokyo) and Honda Motor Co., Ltd. (Honda) announced that the two companies have signed a shareholders' agreement to convert an existing Asahi Kasei subsidiary in Canada into a joint venture (JV) company. This agreement was reached as…
AM Green has placed India’s largest electrolyzer order with John Cockerill Hydrogen for one of the world’s largest green ammonia projects. AM Green achieved Final Investment Decision (FID) in August 2024 for this first million-ton green ammonia project to be…
Siemens AG (Munich, Germany) has signed an agreement to acquire Altair Engineering Inc. (Troy, Mich.), a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive USD 113 per share, representing an enterprise value…
LanzaTech Global, Inc. (Chicago, Ill.) announced plans to develop a commercial-scale Carbon Capture and Utilization (CCU) facility at Herøya Industrial Park in Porsgrunn, Norway. The plant will produce ethanol and is expected to begin operations in 2028. Eramet Group (Paris,…
Packaging and recycling specialist ALPLA Group (Hard, Austria; www.alpla.com) is opening a state-of-the-art polyethylene terephthalate (PET) recycling plant in Ballito, South Africa approximately one and a half years after the start of construction. The company has invested 60 million euros…
Cepsa announced its name change to Moeve, marking a significant milestone in the company’s transformation. This change positions Moeve as a leader in the European energy transition and demonstrates the significant progress achieved under its 2030 Positive Motion strategy, reinforcing…
MilliporeSigma, the U.S. and Canada Life Science business of Merck KGaA, Darmstadt, Germany, announced a $76 million expansion of its antibody-drug conjugates (ADC) manufacturing capabilities and capacity at its Bioconjugation Center of Excellence facility in St. Louis, Missouri. This investment…
W. R. Grace & Co. (Grace; Columbia, Md.) announced that Nayara Energy Limited (Nayara Energy) successfully started up its new 450,000-ton/yr UNIPOL PP process technology plant in Vadinar, Gujarat, India. Using Grace’s non-phthalate CONSISTA catalysts with the UNIPOL PP process…
Siemens AG (Munich, Germany; www.siemens.com) has signed an agreement to acquire Altair Engineering Inc. (Troy, Mich.; www.altair.com), a leading provider of software in the industrial simulation and analysis market. Altair shareholders will receive US$113 per share, representing an enterprise value…
INEOS Group Ltd. (London, U.K.; www.ineos.com) today announced its decision to permanently close its ABS (acrylonitrile butadiene styrene) production site in Addyston, Ohio. The Company will commence a safe and responsible decommissioning process in the second quarter of 2025. “Over…