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Latest News: Business

LanzaTech, Total and L’Oréal achieve milestone in packaging production from industrial carbon emissions

Through their partnership, LanzaTech (Skokie, Ill.), Total SE (Paris) and L’Oréal have premiered the world’sfirst sustainable packaging made from captured and recycled carbon emissions. The successful conversion process takes place in three steps:• LanzaTech captures industrial carbon emissions and converts…

Trinseo signs collaboration agreement with Tyre Recycling Solutions

Trinseo (Berwyn,. Pa.), a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, has reached definitive agreements with Tyre Recycling Solutions (TRS) on a commercial collaboration and an equity investment in TRS. The transaction is expected…

Carbon2Chem: First project phase successfully completed and notice of funding received from federal government for second phase

The Carbon2Chem project initiated by thyssenkrupp (Essen, Germany) is moving into its next phase. Involving 16 additional partners, the project, which is funded by the German Ministry of Education and Research (BMBF), has over the past four years gathered fundamental…

Aveva and Shell align in digital transformation agreement

AVEVA plc (Cambridge, U.K.) announced that it has signed an agreement to help accelerate Shell Global Solutions International B.V’s digital transformational strategy by deploying AVEVA’s cloud software solutions. AVEVA will provide Shell with its Engineering Data Warehouse technology, which is…

BASF expands its Lavergy enzyme product line

With the latest expansion of its enzyme portfolio, BASF SE (Ludwigshafen, Germany) is stepping up its game as an innovation leader and provider of key ingredients for the home care and industrial & institutional cleaning (I&I) industry. Enzymes are essential…

Chemical Activity Barometer rose in October, but decelerated, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 0.9 percent in October on a three-month moving average (3MMA) basis, a marked deceleration from the 1.5 percent gain in…

Major green-methanol complex to be built in Belgium

Ten private-and public-sector partners have launched the North-C-Methanol project. Together, they will reduce CO2 emissions by 140,000 tons annually and generate 44,000 tons of “green” methanol locally, which can be used as feedstock for the chemicals and renewables industries, as…

Italian utility Snam invests in electrolyzer manufacturer ITM Power

Snam S.p.A. (Milan, Italy) signed a partnership agreement with ITM Power Plc (Sheffield, U.K.), a company that is among the largest global producers of electrolyzers, essential components in obtaining hydrogen from renewable sources through the electrolysis of water. The agreement…

IFPEN launches carbon-capture pilot with partners ArcelorMittal and Total

The four-year Dinamx “Demonstration and innovative applications of the DMX process” project has been launched by partners IFP Energies nouvelles (IFPEN; Rueil-Malmaison, France), Total Refining & Chemicals and ArcelorMittal France. Coordinated by Axens, the objective is to demonstrate the DMX…

Preem begins conversion of Lysekil refinery for renewable-fuels production

Swedish energy and biofuels producer Preem AB (Stockholm, Sweden) has begun a major conversion project at its petroleum refinery in Lysekil, Sweden, which will rebuild the Lysekil refinery to become Scandinavia's largest producer of renewable fuels. In the latest update…