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Latest News: Business

Seeq and Aveva announce partnership to integrate platforms

Seeq, a global leader in industrial analytics, AI, and enterprise monitoring, today announced a strategic partnership with AVEVA, a global leader in industrial software. Core to the partnership is the native integration between the two companies’ platforms that will simplify…

World’s first gigafactory for litihum-sulfur batteries planned for Nevada

Lyten (San Jose, Calif.) announced plans to invest more than $1 billion to build what is said to be the world’s first Lithium-Sulfur battery gigafactory. The facility will be located near Reno, Nevada, and will have the capability to produce…

MOL Group and Turkish Petroleum to establish strategic hydrocarbons partnership

MOL Group (Budapest, Hungary) signed a Memorandum of Understanding with Turkish Petroleum Corporation (TPAO) in Istanbul to cooperate as strategic partners in the exploration and production of hydrocarbons. The companies agreed to elevate their cooperation to a new level after…

Phillips 66 to sell interest in Switzerland-based joint venture

Phillips 66, Inc. (Houston) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG (CMA) to its Swiss joint venture partner. It will receive…

BASF completes superabsorbent polymers expansion project in Texas

BASF SE (Ludwigshafen Germany) announced that its Petrochemicals division has completed its upgrades for Superabsorbent Polymers (SAP) after a $19.2 million investment into its Freeport, Texas site. The project, which began in 2023, involved the installation of new equipment to…

Air Liquide to supply oxygen to LG Chem for battery plant in Tennessee

Air Liquide S.A. (Paris) will invest around $150 million  to expand its production capacity and pipeline network in Tennessee, in the context of a new long-term contract with LG Chem Ltd. (Seoul, South Korea). Supplying oxygen to LG Chem’s future…

Mitsubishi Chemical Group expands production capacity for ion-exchange resins

The Mitsubishi Chemical Group (MCG Group; Tokyo) has decided to increase its production capacity of ion-exchange resins used to produce ultrapure water for use in semiconductor manufacturing processes at Mitsubishi Chemical’s Kyushu-Fukuoka Plant in Kitakyushu City, Fukuoka Prefecture, Japan. The…

Toyo Engineering awarded FEED contract for Braskem-SCG joint ethylene project in Thailand

 Toyo Engineering Corp. (Tokyo) has been awarded the front-end engineering design (FEED) contract for an ethanol to ethylene production facility by Braskem Siam Company Ltd. This company is a joint venture between Braskem S.A. (São Paulo, Brazil) and SCG Chemicals…

Vianode inaugurates graphite anode manufacturing plant in Norway

Vianode, an advanced battery materials company providing anode graphite solutions, has officially opened its first full-scale Via ONE anode graphite production plant at Herøya, Norway. The production ramp-up represents a significant step in building a European value chain for batteries…

ABB Robotics and Molg partnering on datacenter e-waste handling

ABB Robotics is collaborating with U.S. startup Molg to create robotic microfactories to recover and recycle datacenter operators’ disused electronic equipment, commonly known as e-waste. With global e-waste projected to rise to 75 million tons by 2030, the microfactories will…