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Latest News: Business

Plug Power, Chart Industries and Baker Hughes form hydrogen-infrastructure fund

Plug Power (Latham, N.Y.), Chart Industries, Inc. (Atlanta, Ga.) and Baker Hughes (Houston) announced their intention to become cornerstone investors in the formation of the FiveT Hydrogen Fund, a unique, new clean-hydrogen-only private infrastructure fund dedicated to delivering clean hydrogen…

Lummus Novolen Technology awarded major polypropylene contract

Lummus Technology (Houston) announced that its Novolen business has been awarded a polypropylene (PP) contract by Jin Guo Tou (Jinzhou) Petrochemical Co., Ltd. at its petrochemical facility in Jinzhou City, Liaoning Province, China. "We are grateful to Jin Guo Tou…

Bharat Petroleum acquires OQ’s stake in BORL refinery

Bharat Petroleum Corporation Limited (BPCL; Mumbai, India) signed a Sales Purchase Agreement with integrated energy company OQ (Muscat, Oman) for the purchase of BPCL’s entire stake in Bharat Oman Refineries Company Ltd, (BORL), a 7.8 million ton/yr petroleum refinery located…

Accenture and Sumitomo Chemical form digitalization JV

Accenture (Dublin, Ireland) and Sumitomo Chemical Co. (Tokyo, Japan) have established a joint venture (JV) SUMIKA DX ACCENT. The joint venture will leverage the power of artificial intelligence (AI), data analytics and other technologies to transform operations and create new…

Lonza divests two sites in France and Scotland

Lonza AG (Basel, Switzerland) has completed the sale of its sites in Ploermel, France and Edinburgh, Scotland to Next Pharma. Gordon Bates, President and Head of Small Molecules, Lonza said: “The strategic divestment of our Ploermel and Edinburgh sites will…

Sewage-to-Hydrogen plant reaches completion in Tokyo

Renewable hydrogen systems manufacturer Ways2H Inc. (Long Beach, Calif.) and its shareholder and technical partner Japan Blue Energy Co. (JBEC) announced the completion of a Tokyo facility that will convert sewage sludge into renewable hydrogen fuel for fuel cell mobility…

Plug Power and Brookfield Renewable Partners to build green hydrogen plant in Pennsylvania

Plug Power (Latham, N.Y.), together with Brookfield Renewable Partners L.P., which is, together with its institutional partners, an owner and operator of one of the world’s largest publicly traded pure-play renewable power platforms, announced plans to build a green hydrogen…

Ørsted developing major green-hydrogen hub serving Dutch and Belgian industrial players

Ørsted A/S (Fredericia, Denmark) announced plans to develop one of the world’s largest renewable hydrogen plants to be linked to industrial demand in the Netherlands and Belgium. 'SeaH2Land' is an ambitious vision, linking GW-scale electrolysis to the large industrial demand…

ExxonMobil and Porsche jointly testing advanced biofuels

ExxonMobil Corp. (Irving, Tex.) and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels, as part of a new agreement to find pathways toward potential future consumer adoption.  The first iteration of Esso Renewable Racing Fuel is a blend of…

DSM acquires bio-based intermediates assets from Amyris

Royal DSM N.V. (Herleen, the Netherlands) has reached an agreement to acquire the flavor and fragrance (F&F) bio-based intermediates business of Amyris, Inc. (Emeryville, Calif.), which extends DSM’s offerings in Aroma Ingredients with bio-based ingredients for the flavor and fragrance…