Latest News: Business
Phillips 66 to provide hydrogen-containing fuel gas to Linden Cogen
Linden Cogeneration (Linden, N.J.) and Phillips 66 (Houston) have reached an agreement for Linden Cogen to take hydrogen-containing fuel gas produced at the Bayway Refinery, and blend it with natural gas used to fuel the 172MW F-class Linden Cogen unit…
Aker BioMarine and GEA to design the world’s first krill-protein pilot plant
On behalf of Aker BioMarine (Oslo, Norway), GEA Group AG (Düsseldorf, Germany) has been contracted to design and deliver the world’s first pilot plant for hydrolyzing krill protein. The client is a biotechnology company based in Norway that fishes for…
LanzaTech to begin FEED work for sustainable aviation fuels plant in South Wales
LanzaTech (Skokie, Ill.) has announced that its Project DRAGON, which stands for Decarbonizing and Reimagining Aviation for the Goal Of Netzero, will undertake the Front-End Engineering Design (FEED) of a facility in Port Talbot, South Wales, that will produce over…
Johnson Matthey acquires assets to accelerate green hydrogen scaleup
Johnson Matthey plc (London, U.K.) announced its acquisition of the assets and intellectual property of Oxis Energy Limited, based near Oxford, UK. Oxis Energy was a lithium-sulfur battery developer with assets which can be adapted for the manufacture of components…
Haltermann Carless to become the world’s largest cyclopentane producer
Haltermann Carless (Frankfurt, Germany), a company of the HCS Group GmbH, and a leading supplier of high-value hydrocarbon solutions, will become the world's largest producer of Cyclopentane and Cyclopentane blends following the completion of its new hydrogenation plant at the…
U.S. chemical production rebound continues in June, ACC says
The U.S. Chemical Production Regional Index (U.S. CPRI) rose 3.1% in June following a 4.6% decline in May and a 1.2% decline in April, according to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). During June, chemical output rose in…
Haldor Topsoe and Yanchang form JV and build methanol catalyst facility in China
Haldor Topsoe A/S (Lyngby, Denmark) and Shaanxi Yanchang Petroleum (Group) Co., Ltd. (Yanchang) form a joint venture (JV) with the aim of delivering locally produced MK-151+ methanol synthesis catalysts to the Chinese market. The JV will secure fast delivery to…
Neles to acquire valve and pump businesses from Flowrox
Neles Corp. (Helsinki, Finland) has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology company Flowrox Oy (Lappeenranta, Finland). The acquisition will complement Neles' offering and exposure to the mining and metals industry.…
Chemical Activity Barometer rises in July, ACC says
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 0.5% in July on a three-month moving average (3MMA) basis following a 0.8% gain in June. On a year-over-year (Y/Y)…
Chemours sells Mining Solutions business to Draslovka for $520 million
The Chemours Company (Wilmington, Del.) has entered into a definitive agreement to sell its Mining Solutions business for $520 million in cash to Draslovka Holding a.s., a Czech-based private company specializing in cyanide production. The transaction is expected to close…