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Latest News: Business

Indorama acquires PET recycling facilities in Poland

Indorama Ventures Ltd. (IVL; Bangkok, Thailand) announced that it has, through its indirect subsidiary Indorama Netherlands B.V., signed a Conditional Share Purchase Agreement with O.R.V. Ovattificio Resinatura Valpadana S.P.A. and OPOKA LTD., to acquire a 100% equity stake of Industrie…

Velocys delivers four bioreactors to Red Rock Biofuels’ plant in Oregon

Velocys plc (Oxford, U.K.) has completed the manufacturing and delivery of four reactors to Red Rock Biofuels (RRB) for the company's biomass-to-fuels facility. RRB has a further option to purchase an additional two reactors by the end of 2020. Henrik…

Henkel enhances packaging-recyclability assessment tool

Henkel AG & Co. KGaA (Düsseldorf, Germany) has further advanced its software tool EasyD4R — next to the recyclability of plastic packaging it now also allows to quickly and accurately assess the recyclability of packaging made of paper/cardboard, glass, aluminum…

Tpgroup announces contracts related to hydrogen safety and CCUS

tpgroup (Reading, U.K.) has secured a contract worth approximately £1.0 million with a leading UK engineering company to provide management control equipment for enhanced safety management of hydrogen gas. Under this contract, tpgroup will qualify the design concepts, build and…

Germany’s Westküste 100 green-hydrogen project secures funding

Ørsted Group A/S (Fredericia, Denmark) announced that the partners of the Westküste 100 project received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world laboratory)…

GranBio and NextChem sign partnership to develop cellulosic ethanol market

GranBio S.A. (São Paulo), a 100% Brazilian industrial biotechnology company, and NextChem, Maire Tecnimont S.p.A.’s (Rome, Italy) subsidiary for energy transition announced a strategic partnership to achieve global leadership in the licensing of patented GranBio 2G Ethanol technology to produce…

Yokogawa establishes global bioeconomy business in Switzerland

Yokogawa Electric Corp. (Tokyo) has established Yokogawa Innovation Switzerland GmbH to build a strong base for its bioeconomy business through the provision of quick and proactive market research and development activities, and the introduction of cutting-edge biotechnologies. Business operations of…

Busch Vacuum provides compressor solution for wastewater-treatment optimization

Busch Vacuum Pumps and Systems announced that it has provided Mink claw compressor technology to help optimize the separation efficiency of sand as well as grease and oils for a sand trap at a wastewater treatment facility in Poppenweiler, a…

SUEZ to provide waste-management services for 20 Arkema sites in France

Building on their 12-year partnership, Arkema S.A. (Colombes, France) and SUEZ (Paris, France), are renewing their contract for the next three years, for a total of €38 million revenue. SUEZ will manage and recover around 60,000 tons of waste per…

Mitsubishi Chemical acquires two carbon-fiber recycling companies in Germany

Mitsubishi Chemical Corp. (MCC; Tokyo) recently decided to acquire two German carbon-fiber recycling companies, CFK Valley Stade Recycling GmbH & Co. KG (CFK) and carboNXT GmbH (carboNXT), through its subsidiary Mitsubishi Chemical Advanced Materials AG (MCAM; Zurich, Switzerland), as a…