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Latest News: Business

PPG to acquire VersaFlex

The VersaFlex Family of Companies (VersaFlex; Kansas City) announced it has reached a definitive agreement to be acquired by PPG (Pittsburgh, Pa.) VersaFlex is a manufacturer specializing in polyurea, epoxy, polyurethanes, custom plural component equipment, and geotechnical & insulation foams.…

Air Liquide forms helium-refrigeration JV in China

Air Liquide (Paris) and Hefei Institutes of Physical Science of the Chinese Academy of Science (HFIPS) signed an agreement in Hefei to establish a joint venture (JV). This aims to boost the development and manufacturing of helium refrigeration systems, supporting…

Henkel Adhesive Technologies invests in predictive-maintenance startup Feelit

Henkel Adhesive Technologies has strengthened its capabilities for maintenance, repair and overhaul (MRO) solutions by investing in Feelit, based in Haifa, Israel. The startup has developed a unique sensor technology for predictive maintenance for various applications in manufacturing. With the…

Consortium receives funding to investigate offshore hydrogen production

 ITM Power plc (London), Ørsted A/S (Fredericia, Denmark), Siemens Gamesa (Zamudio, Spain) and Element Energy have been awarded €5 million in funding from The Fuel Cells and Hydrogen Joint Undertaking (FCH2-JU) under the European Commission to demonstrate and investigate a…

Lanxess to acquire French disinfection specialist Theseo

Lanxess AG (Cologne, Germany) intends to further expand its Consumer Protection business and has entered into exclusive negotiations to acquire the Theseo group. The French group, headquartered in Laval, is a leading manufacturer of disinfection and hygiene solutions in Europe…

Albemarle to expand lithium production capacity at Nevada site

 Albemarle Corporation (Charlotte, N.C.) announced that it will expand capacity at the company's lithium production facility in Silver Peak, Nev., and begin a program to evaluate clays and other available Nevada resources for commercial production of lithium, a critical mineral…

Shell takes 40% stake in Montreal waste-to-chemicals plant

Shell will take a 40% interest in a waste-to-fuels plant using technology developed by Enerkem, a leading Canadian clean tech company. Enerkem announced the project in December 2020, subject to finalization of commercial agreements. The approximately C$875 million commercial-scale facility…

Air Liquide to acquire Nikkiso Turboexpander business

Nikkiso Cryogenic Industries’ Clean Energy and Industrial Gases Group (Group), a part of Nikkiso Co., Ltd (Japan), announced the sale of its Turboexpander Business Line to Air Liquide (Paris). Located mainly in Santa Ana, California, the Turboexpander Business Line designs,…

Sulzer wins contract for biomaterial processing in China

Sulzer Chemtech’s (Winterthur, Switzerland) proprietary separation technology for lactide production has been selected for Zhejiang Depei New Material Co.’s latest plant in Ningbo, Zhejiang province, China. The processing equipment will enable the company to produce large volumes of high-quality lactide…

Jindal Films acquires DOMO Chemicals’ Italy-based nylon business

Jindal Films, an international provider of innovative and sustainable films for flexible packaging industry, has signed an agreement for the acquisition of 100% of the shares in Italy-based nylon film specialist DOMO Films Solutions Spa (DFS) from private owned group…