Lanxess AG (Cologne, Germany) announced that is entering the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, Lanxess will produce electrolyte formulations for…
The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.2% in March on a three-month moving average (3MMA) basis, following a 1.0% increase in February. On a year-over-year (Y/Y)…
Evonik Industries AG (Essen, Germany) has made a follow-up investment in the biotechnology start-up In Ovo through its venture capital unit. The investment comes as the young company reaches the commercialization stage for its technology and is bringing its gender-testing…
AMETEK, Inc. (Berwyn, Pa.) announced that it has completed three acquisitions – Magnetrol International, Crank Software and EGS Automation (EGS). Approximately $270 million was deployed on these acquisitions which have combined annual sales of approximately $120 million. "We are pleased…
Trinseo (Berwyn, Pa.) and BASF SE (Ludwigshafen, Germany) announced their intention to expand their businesses with the production of styrene based on circular feedstock. The enhanced collaboration between Trinseo and BASF aims to increase efforts by both companies in the…
ContourGlobal plc (London, U.K.) and Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) announced that they have formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and medical industries.…
Toyota Australia has commissioned Victoria’s first commercial-grade permanent hydrogen production, storage and refuelling facility at its former manufacturing site at Altona in Melbourne’s western section. Hydrogen is produced on site by a 200-kW electrolyzer that uses electricity to split water…
Covestro AG (Leverkusen, Germany) has developed an innovative process for the chemical recycling of polyurethane (PU) flexible foam from used mattresses. It builds on its participation in the PUReSmart project, which is coordinated by Recticel company. On average, mattresses contain…
Petrobras (Rio de Janeiro, Brazil) announced that it has approved the sale of the Landulpho Alves Refinery (RLAM) and its associated logistics assets, in São Francisco do Conde, Bahia, to Mubadala Capital for $1.65 billion. The signing of the sale…
Baker Hughes (Houston) announced it has entered into a global exclusive licensing agreement with SRI International to use SRI’s innovative Mixed-Salt Process (MSP) for CO2 capture. SRI has received support from the U.S. Department of Energy’s Office of Fossil Energy (FE)…