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Borealis receives binding offer for €810-million sale of its nitrogen business
Borealis Group (Vienna, Austria) has received a binding offer from AGROFERT, a.s. for the acquisition of Borealis’ nitrogen business including fertilizer, melamine and technical nitrogen products. The offer values the business on an enterprise value basis at €810 million. AGROFERT…
BASF and Nanoramic Laboratories to jointly develop new LIB cathode systems
Nanoramic Laboratories (Wakefield, Ma.) announced an agreement with BASF Corp. to jointly develop novel cathode systems for high-performance and low-cost lithium-ion (Li-ion) batteries, based on Nanoramic’s Neocarbonix at the Core electrode technology and BASF’s cobalt free high-manganese NCM cathode active…
New waste-to-hydrogen facility planned in Egypt
The General Authority for Suez Canal Economic Zone (SCZONE) signed a memorandum of understanding with H2-Industries Inc. to build a new Waste-to-Hydrogen facility at a new greenfield site in East Port Said, Egypt, a project with an estimated cost of…
KBR invests $100 million in plastics recycler Mura Technology
KBR, Inc. (Houston) has entered into an agreement to invest an additional $100 million in Mura Technology bringing KBR's aggregate investment in Mura to 18.5%. This investment provides Mura incremental capital to accelerate development of its plastics recycling projects and…
Topsoe technology selected for Braya Renewable Fuels Refinery in Newfoundland
Cresta Funds Management (Dallas, Tex.) has chosen Topsoe’s HydroFlex solution for revamping the Braya Renewable Fuels refinery (Braya) in Newfoundland, Canada. The refinery will produce up to 18,000 barrels per day of Renewable Diesel and sustainable aviation fuel (SAF) initially…
Cemex and partners inaugurate the Carbon Neutral Alliance at Rüdersdorf Cement Plant
Cemex, S.A.B. de C.V. (Monterrey, Mexico) and its partners announced the inauguration of the Carbon Neutral Alliance, which aims to accelerate the development of innovative technologies designed to transform CEMEX’s Rüdersdorf plant into the first carbon-neutral cement facility by 2030.…
Nano One and BASF enter joint development agreement for lithium-ion battery materials
Nano One Materials Corp. (Vancouver, B.C., Canada) and BASF SE (Ludwigshafen, Germany) have signed a joint development agreement (JDA). Under the JDA, the companies will co-develop a process with reduced by-products for commercial production of next-generation cathode active materials (CAM),…
Evonik to build new lipids production facility in Indiana
Evonik Industries AG (Essen, Germany) is building a new, highly flexible, global-scale production facility for pharmaceutical lipids in the United States. The new plant at Evonik’s Tippecanoe site in Lafayette, Indiana, will broadly position the Group for future growth in…
Alpek completes acquisition of Octal
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) has received all necessary approvals from the regulatory authorities and has finalized its acquisition of OCTAL Holding SAOC. Pursuant to the purchase agreement, Alpek acquired 100% of the shares of OCTAL…
DuPont completes sale of Biomaterials business unit
DuPont (Wilmington, Del.) announced completion of the previously-announced sale of its Biomaterials business unit, effective May 31, 2022, to the Huafon Group (Ruian, China) for a purchase price of approximately $240 million. Huafon Group is one of the largest manufacturers…