Latest News: Business
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…
SABIC to operate chemical plant on 100% renewable power
SABIC’s polycarbonate facility in Cartagena, Spain, is set to become the world’s first large-scale chemical production site to be run entirely on renewable power, following the signing of a major agreement with Iberdrola, a world-scale electric utility company. Iberdrola will…
U.S. chemical production fell in June, ACC says
According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI), fell by 1.1 percent in June on a three-month moving average (3MMA) basis following a 2.0 percent decline in May and a…
Kodak to create Kodak Pharmaceuticals
Eastman Kodak Company (Kodak; Rochester, N.Y.) has announced an initiative to create a new business unit, which will produce pharmaceutical components that have been identified as critical, but have lapsed into a chronic shortage in the U.S. A letter of…