SSAB, LKAB and Vattenfall are taking a decisive step toward fossil-free steelmaking with the start-up of HYBRIT’s globally unique pilot plant for the production of fossil-free sponge iron. Swedish Prime Minister Stefan Löfven started up the plant together with Isabella…
LyondellBasell (Rotterdam, the Netherlands) and China's Liaoning Bora Enterprise Group (Bora) announced the establishment and startup of their new joint venture polyolefin complex in the Liaoning province of northeastern China. First announced in September 2019, the 50:50 joint venture (JV) will…
BASF SE (Ludwigshafen, Germany) signed an uptake supply agreement with New Energy, a technology company specialized in the pyrolysis of waste tires, headquartered in Budapest, Hungary. According to the agreement, New Energy will supply BASF with up to 4,000 metric…
Showa Denko K.K. (SDK; Tokyo) announced that it has obtained a license to process industrial waste, and started to accept crushed & molded used plastics. Since 2003, SDK’s Kawasaki Plant, which is located in Kawasaki City, Kanagawa Prefecture, has been…
Lanxess AG (Cologne, Germany) has joined forces with Hüni AG, which is based in Switzerland, to jointly work on initial customer projects related to the commercialization of Lanxess’ modular plant concept ReeL (resource-efficient manufacture of leather chemicals). In this partnership,…
Veolia (Paris) announced today that it has made a firm offer to Engie for the acquisition of 29.9% of the Suez shares it holds. This offer follows Engie's announcement on July 31, 2020 of the launch of a strategic review…
Venator Materials PLC (Wynyard, U.K.) announced that funds advised by SK Capital Partners, L.P. have agreed to purchase approximately 42.5 million shares, representing just under 40% of Venator's outstanding shares, from Huntsman Corp. (The Woodlands, Tex.) for a purchase price…
Emerson (St. Louis, Mo.) agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and ability…
Repsol S.A. (Madrid, Spain) has announced that its industrial complex in Tarragona will adapt one of its units to manufacture advanced polymers with high resistance to impact. The project has a budget of approximately 32 million euros, earmarked for new…
Evonik Industries AG (Essen, Germany) is investing around €15 million in its C4 production network in Marl, Germany. Targeted debottlenecking measures will increase the local production capacity for so-called isobutene derivatives, such as trimethylhexanal (TMH), tert-Butyl alcohol (TBA) and diisobutylene…