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Latest News: Business

IndianOil and LanzaTech unveil new CO2-to-lipids technology

IndianOil Corp. Ltd. (IOCL; New Delhi) and LanzaTech (Skokie, Ill.) recently announced a breakthrough technology that converts CO2 to biodiesel and omega-3 fatty acids. While elaborating on the novel technology, Mr S M Vaidya, Chairman, IndianOil said "The technology of…

JGC wins EPCC contract from Sumitomo Chemical for a new gas-turbine power facility

JGC Holdings Corp. (Yokohama, Japan) announced that JGC Japan Corp., which operates the domestic engineering, procurement, and construction (EPC) business of the JGC Group, recently received an order for engineering, procurement, construction and commissioning work for a high-efficiency gas-turbine power…

Trio of Belgian firms to develop “e-methane” project

Mining company Carmeuse (Louvain-la-Neuve, Belgium), ENGIE (Brussels, Belgium) and John Cockerill (Seraing, Belgium) have signed a Joint Development Agreement for an innovative Carbon Capture and Utilization (CCU) project in the Wallonia region of Belgium. This project will concentrate CO2 from…

Thermo Fisher Scientific expands manufacturing footprint with plans for 15 new production lines

Thermo Fisher Scientific (Waltham, Mass.) announced that it will further expand its footprint in North America and Europe for sterile drug product development and commercial manufacturing of critical medicines, therapies and vaccines. Among the Thermo Fisher sites currently being expanded…

Enel Green Power and Maire Tecnimont’s NextChem group sign MoU for a green hydrogen plant in the U.S.

Enel Green Power (Rome, Italy), through its North American renewable subsidiary Enel Green Power North America, Inc. (EGPNA), Maire Tecnimont S.p.A. (Milan, Italy), through its subsidiary dedicated to the deployment of technologies for the energy transition, NextChem, have signed a…

Mitsubishi Chemical to consolidate subsidiaries in the U.S., U.K. and Germany

Mitsubishi Chemical Corp. (MCC; Tokyo) announced that it will integrate subsidiaries at the national level in three countries: the US, UK, and Germany. By sharing and integrating expertise and resources, this integration will enhance cooperation and further strengthen overall business…

Enerkem, Shell and Suncor partner on Montreal waste-to-biofuels plant

Enerkem (Montréal, Québec, Canada), with a group of strategic partners that includes major investor Shell, along with Suncor and Proman, and Hydro-Québec supplying green hydrogen and oxygen, and with the support of the Québec and Canadian governments, is proud to…

Siemens Energy and Porsche lead consortium to build climate-neutral synthetic-fuels pilot plant in Chile

Siemens Energy, joined by sports car maker Porsche and a lineup of international companies, is developing and implementing a pilot project in Chile that is expected to yield the world’s first integrated, commercial, industrial-scale plant for making synthetic climate-neutral fuels…

ArcelorMittal finalizes sale of U.S. business to Cleveland-Cliffs

ArcelorMittal Europe S.A. (Luxembourg) announced that the sale of ArcelorMittal USA to Cleveland-Cliffs for a combination of cash and stock has completed. Under the terms of the sale, ArcelorMittal has received $505 million cash, 78 million shares of Cleveland-Cliffs common stock…

Petrofac announces startup of Kuwait’s largest crude distillation unit

Petrofac Ltd. (St. Helier, U.K.) has announced that The Clean Fuels Project for Kuwait National Petroleum Company (KNPC) has reached a major milestone with the with the safe and successful startup of the Crude Distillation Unit (CDU) 111 at Mina…