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Latest News: Business

Aramco and Baker Hughes form JV focused on producing non-metallics

Aramco and Baker Hughes (Houston) have announced the formation of Novel, a 50/50 Joint Venture (JV) to develop and commercialize a broad range of non-metallic products for multiple applications in the energy sector. A ceremony was held  at the project…

Hydro-Québec to construct 90-MW electrolyzer to supply waste-to-biofuels plant

Hydro-Québec  has announced the construction of an electrolyzer facility with a capacity of about 90 MW, making it one of the most powerful electrolyzers in the world to produce green hydrogen. The facility will supply green hydrogen and oxygen to…

Chemical industry rebound expected for 2021 after recession dip, ACC says

U.S. chemical production is regaining momentum after coping with supply disruptions, falling demand and shrinking revenue linked to the global COVID-19 pandemic, according to the American Chemistry Council’s (ACC; Washington, D.C.; www.americanchemistry.com) Year-End 2020 Chemical Industry Situation and Outlook. With…

Clariant appoints new CEO

Specialty chemicals maker Clariant AG (Muttenz, Switzerland; www.clariant.com) today announced that Conrad Keijzer will become the company's new Chief Executive Officer. The Board of Directors has appointed him in its meeting yesterday evening. Conrad Keijzer will officially join the company…

Danish partnership sets out to build world’s first commercial scale green ammonia plant

Green ammonia, produced from renewable energy, is an excellent fuel and fertilizer that can potentially replace significant volumes of fossil fuels and help accelerate the transition to a world powered by renewable energy. A partnership of industry leaders now announces…

Linde to construct oxygen plant at Metsä Fibre’s new bioproducts plant

Metsä Fibre, part of Metsä Group, and Linde plc (Guildford, U.K.) have signed a preliminary agreement of an on-site oxygen supply to Metsä Fibre’s new bioproduct mill in Kemi. The preliminary agreement includes construction of an on-site oxygen plant based…

AGC Biologics to expand biopharmaceutical production capacity in Copenhagen

AGC Biologics, a U.S.-based CDMO subsidiary of AGC Inc. (Tokyo, Japan), announced that it will increase the production capacity of its Copenhagen facility. AGC Biologics will construct a new building on land adjacent to its current Copenhagen site, adding production…

Linde and Snam sign agreement to jointly develop clean hydrogen projects

Linde plc (Guildford, UK) announced that it has signed a memorandum of understanding (MoU) with Snam S.p.A. (Milan, Italy) to jointly develop clean hydrogen projects and related infrastructure in Europe. Snam, a world leading energy infrastructure company, owns and operates…

Equinor joins Europe’s largest green-hydrogen project

Equinor ASA (Stavanger, Norway)announced that it has joined Europe’s biggest green hydrogen project, the NortH2-project. The project aims to produce green hydrogen using renewable electricity from offshore wind off the coast of Netherlands of about 4 gigawatts by 2030, and…

Sinochem starts up ethylene plant using KBR cracking technology

KBR, Inc. (Houston) announced the successful startup of Sinochem Quanzhou Petrochemical Co., Ltd.'s (Sinochem Quanzhou) 1,000,000 metric tons per year (m.t./yr) ethylene plant in Quanzhou, Fujian Province, China. The ethylene plant is part of Sinochem Quanzhou's grassroots integrated refining and…