Wacker Chemie AG’s (Munich, Germany) project funding proposal to the European Union for building a production complex for green hydrogen and renewable methanol at its Burghausen site has reached the next selection stage. The funding application states that Wacker wants…
ArcelorMittal (Luxembourg) is planning to build a large-scale industrial plant for the direct reduction of iron ore (DRI) and electric arc furnace (EAF)-based steelmaking at its site in Bremen, as well as an innovative DRI pilot plant in addition to…
Lanxess AG (Cologne, Germany) announced that is entering the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, Lanxess will produce electrolyte formulations for…
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.2% in March on a three-month moving average (3MMA) basis, following a 1.0% increase in February. On a year-over-year (Y/Y)…
Evonik Industries AG (Essen, Germany) has made a follow-up investment in the biotechnology start-up In Ovo through its venture capital unit. The investment comes as the young company reaches the commercialization stage for its technology and is bringing its gender-testing…
AMETEK, Inc. (Berwyn, Pa.) announced that it has completed three acquisitions – Magnetrol International, Crank Software and EGS Automation (EGS). Approximately $270 million was deployed on these acquisitions which have combined annual sales of approximately $120 million. "We are pleased…
Trinseo (Berwyn, Pa.) and BASF SE (Ludwigshafen, Germany) announced their intention to expand their businesses with the production of styrene based on circular feedstock. The enhanced collaboration between Trinseo and BASF aims to increase efforts by both companies in the…
ContourGlobal plc (London, U.K.) and Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) announced that they have formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and medical industries.…
Toyota Australia has commissioned Victoria’s first commercial-grade permanent hydrogen production, storage and refuelling facility at its former manufacturing site at Altona in Melbourne’s western section. Hydrogen is produced on site by a 200-kW electrolyzer that uses electricity to split water…
Covestro AG (Leverkusen, Germany) has developed an innovative process for the chemical recycling of polyurethane (PU) flexible foam from used mattresses. It builds on its participation in the PUReSmart project, which is coordinated by Recticel company. On average, mattresses contain…