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Latest News: Business

Metsä Spring and Valmet construct pilot plant for renewable 3D fiber products

Metsä Group’s (Helsinki, Finland) innovation company Metsä Spring and Valmet Oyj (Espoo, Finland) have decided to continue the development collaboration related to 3D fiber products and hence, to invest jointly approximately EUR 20 million in a new R&D project. As…

New Occidental-backed development firm to deploy direct-air carbon capture

Oxy Low Carbon Ventures, LLC, a subsidiary of Occidental, and Rusheen Capital Management, a private equity firm, have formed a development company, 1PointFive, to finance and deploy Carbon Engineering’s large-scale Direct Air Capture (DAC) technology for carbon capture, utilization &…

BP, Aria Energy and Republic Services start up renewable natural-gas project in Tennessee

Republic Services Inc., and energy partners Aria Energy and bp plc (London), announced the startup of a landfill-gas-to-renewable-natural-gas (RNG) project at South Shelby Landfill near Memphis, Tennessee. The project directly supports Republic's commitment to send 50 percent more landfill gas…

Chemetry and Braskem to build ethylene dichloride demonstration plant in Brazil

Chemetry Corp. (Moss Landing, Calif.), and Braskem, the leading producer of thermoplastic resins in the Americas, will construct and operate a Demonstration Plant using Chemetry's eShuttle technology for the production of ethylene dichloride (EDC) in Brazil.   The eShuttle EDC…

Haldor Topsoe and Comprimo announce global strategic alliance on TopClaus technology

Haldor Topsoe A/S (Lyngby, Denmark) and Comprimo (part of Worley) have announced a global strategic alliance to jointly license the TopClaus sulfur removal and recovery solution. TopClaus helps users achieve more than 99.9% sulfur removal efficiency (SRE) by integrating two…

MHI Compressor International awarded contract by world-class Gulf Coast ammonia facility

MHI Compressor International Corp. (MCO-I; Houston) will supply the compression for Gulf Coast Ammonia’s (GCA) new state-of-the-art ammonia production facility in Texas City. The equipment will be purchased by Air Products, which will build and operate the facility in parallel…

Fluor JV achieves final provisional turnover on major Kuwait refining project

Fluor Corp. (Irving, Tex.) announced that its joint venture (JV) with Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully achieved final provisional turnover of the facilities for Kuwait National Petroleum Company’s (KNPC) Mina Abdullah Package 2 (MAB2) Clean…

Gevo and Praj to commercialize sustainable aviation fuel in India

Gevo, Inc. (Englewood, Colo.) and Praj Industries Ltd. (Pune, India) have signed a binding, definitive Master Framework Agreement (MFA) to collaborate on providing renewable, low carbon, low particulate, Sustainable Aviation Fuel (SAF) and renewable premium gasoline in India and neighboring…

Lummus Technology announces successful startup of bio-ethers unit in Greece

Lummus Technology (Houston, Tex.) announced the successful start-up of its CDTaee unit for Hellenic Petroleum's refinery in Aspropyrgos, Greece. For this start-up, the existing CDTame unit was revamped to the latest generation of CDTaee technology for bio-ethers production. The new…

Veolia agrees to acquire OSIS maintenance business from Suez

Veolia (Paris) has announced the signature of an agreement with the Suez Group to acquire its subsidiary Suez RV OSIS, which specializes in the maintenance of sanitation networks and infrastructure and on-site industrial services (for the most part, industrial maintenance…