Abundia Global Impact Group (New York City), a technology company focused on circular solutions and sustainability, announced it has entered into a licensing agreement with Alterra Energy (Akron, Ohio), a leader in the advanced recycling of plastics into petrochemical products.…
Teijin Aramid has achieved yarn-to-yarn recycling for its flagship product, Twaron fiber. This development is a key step toward Teijin Aramid’s goal of supplying fully circular high-performance fiber. For more than 20 years, Teijin Aramid has been recycling aramids such…
Archer-Daniels-Midland Co. (ADM; Chicago) and Gevo, Inc. (Englewood, Colo.)announced that they have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels. The MoU contemplates the production of both…
Eastman Chemical Company (Kingsport, Tenn.) announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer Plc (London, U.K.) for total cash consideration of $1 billion dollars. The sale consists…
Petrofac Ltd. (St. Helier, U.K.) has been awarded an Engineering, Procurement and Construction (EPC) contract, valued at around EUR 550 million (approx. $640 million), from PC ORLEN Lietuva to support a comprehensive modernization, environmental upgrade, and expansion program at its…
Alfa Laval AB (Lund, Sweden) recently opened a new greenfield manufacturing site in San Bonifacio, Italy, for the production of brazed heat exchangers. The new highly advanced facility includes research and customer training areas and will mainly supply heat exchangers…
BASF SE (Ludwigshafen, Germany) and Entegris, Inc. (Billerica, Mass.) have signed an agreement on the sale of BASF’s Precision Microchemicals business to Entegris for $90 million. The transaction includes technologies, intellectual property and trademarks and is expected to be completed…
Recycling, water and services specialist Remondis International GmbH is acquiring Veolia Recycling Solutions Nordic AB (Veolia). With this acquisition, Remondis has strengthened its market position in Northern Europe and has significantly expanded its business activities on the Swedish market. The…
LyondellBasell (Rotterdam, the Netherlands) and its joint venture partner, polymer manufacturer Covestro AG (Leverkusen, Germany) today announced the completion of its Circular Steam Project at their site in Maasvlakte, the Netherlands. With the Circular Steam Project, the site incorporated an…
Clariant AG (Muttenz, Switzerland) and Air Liquide Engineering & Construction have announced a major breakthrough in methanol synthesis: the MegaZonE technology. Based on Clariant’s MegaMax catalyst series, this innovative method uses several layers of catalysts with different activity levels to…