Wood plc (Aberdeen, Scotland) has partnered with Nexus, LLC, a waste-to-virgin plastics company, to rapidly expand their commercial-scale production plant based in Atlanta, Georgia. The plant converts plastic waste into products that are then converted into virgin recycled-content plastics. The expansion of…
Reliance Industries Ltd. (RIL; Mumbai, India) is doubling its PET recycling capacity by setting up a recycled polyester staple fiber (PSF) manufacturing facility in Andhra Pradesh. As a part of this endeavor, Srichakra Ecotex India Pvt. Ltd. will build and…
Westlake Chemical Corp. (Houston) announced plans for one of its subsidiaries to acquire the parent company of Dimex LLC, from Grey Mountain Partners, a private equity firm. Based in Marietta, Ohio, Dimex produces a variety of consumer products made from…
Nouryon (Amsterdam, the Netherlands) has signed a five-year license agreement with Shaanxi Beiyuan Chemical Group Co., Ltd. (Beiyuan), a leading producer of polyvinyl chloride (PVC) in China. Under the agreement, Nouryon will license its innovative Continuous Initiator Dosing (CiD) technology…
LG Chem Ltd. (Seoul, South Korea) will expand its business portfolio by acquiring the separation membrane business of LG Electronics to become the world’s largest general battery materials company. LG Chem announced that it held a board of directors meeting…
McDermott International, Ltd. (Houston) announced it has been awarded a Front-End Engineering Design (FEED) contract from the Michelin Group in France for an innovative waste tire technology enabling large-scale production of recycled carbon black—a key ingredient in advancing the next…
KBR, Inc, (Houston) announced that it has signed a technology contract for a sustainable textile fibers demonstration plant to be built by TreeToTextile AB in Nymölla, Sweden. KBR will provide technology license, engineering, proprietary equipment, and commissioning services for the…
HollyFrontier Corp. (Dallas, Tex.) and Holly Energy Partners, L.P. announced that they have entered into definitive agreements under which HollyFrontier and HEP will acquire Sinclair Oil Corp. and Sinclair Transportation Company from The Sinclair Companies. Under the terms of HollyFrontier’s…
ArcelorMittal (Luxembourg) has announced that new direct reduction of iron ore (DRI) and electric arc furnace (EAF) installations at ArcelorMittal Dofasco in Hamilton, Ontario will reduce carbon emissions by by approximately 3 million tons, which represents approximately 60% of emissions,…
Yara International ASA (Oslo, Norway) has signed a Share Purchase Agreement with Eurochem Group AG (Zug, Switzerland) to sell its Salitre phosphate mining project for a cash consideration of $410 million. Yara’s ongoing transformation has a strategic focus on food…