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Latest News: Business

Rio Tinto progresses the development of a gallium extraction process in Quebec

As part of a research and development program, Rio Tinto plc (London) is assessing the potential for extracting and valorizing gallium, a critical and strategic mineral already present in the bauxite processed in its alumina refinery in Saguenay–Lac-Saint-Jean, the only…

Phillips 66 teams with NextEra Energy Resources to power Rodeo Renewable Energy Complex with solar facility

Phillips 66, Inc. (Houston) is teaming up with a subsidiary of NextEra Energy Resources, LLC to power Phillips 66’s Rodeo Renewable Energy Complex with a 30.2 megawatt (MW) solar facility. The solar facility will reduce the complex’s grid power demand…

Rio Tinto to invest $2.5 billion to expand lithium project capacity in Argentina

Rio Tinto plc (London) has approved $2.5 billion to expand the Rincon project in Argentina, the company’s first commercial-scale lithium operation, demonstrating its commitment to building a world-class battery materials portfolio. Rincon's capacity of 60,000 tons of battery grade lithium…

ArcelorMittal and LanzaTech announce ethanol production milestone at Steelanol facility in Belgium

LanzaTech Global, Inc. (Chicago, Ill.) and ArcelorMittal S.A. (Luxembourg) announced that ethanol from ArcelorMittal's Steelanol facility in Ghent, has achieved a production milestone whereby ethanol volumes reached a level which supports shipping by barge. LanzaTech took title to the first…

Gevo and LG Chem extend partnership to expand ethanol-to-olefins production

Gevo, Inc. (Englewood, Colo.) and LG Chem Ltd. (Seoul, South Korea) are extending their joint development agreement. The agreement extension enables LG Chem to assess existing assets for deploying Gevo’s Ethanol-to-Olefins (ETO) technology while accelerating commercialization activities, considering project scale…

Chndra Asri to expand butene and MTBE plant

PT Chandra Asri Pacific Tbk (Chandra Asri Group; Jakarta, Indonesia) signed an Engineering, Procurement, and Construction (EPC) contract with PT Inti Karya Persada Tehnik (IKPT) to increase the capacity of its Butene-1 (B1) and Methyl Tert-butyl Ether (MTBE) Plants by…

Wood wins contract for decarbonization project in the Middle East

Wood plc (Aberdeen, Scotland) has secured a contract worth around $17 million from a leading petrochemical company in the Middle East to improve efficiency and reduce emissions on a process manufacturing plant. Under this 18-month contract, Wood is providing consultancy…

Clariant constructing new plant for performance additives in China

Clariant AG (Muttenz, Switzerland) is expanding its Cangzhou production site for the manufacture of the multifunctional additive Nylostab S-EED. The new, second production line in the Hebei Province of China, will jointly be owned and operated by Clariant and its…

Perstorp acquires OQ Chemicals Nederland

Leading global specialty chemicals innovator Perstorp (Malmö, Sweden; www.perstorp.com) a wholly-owned subsidiary of Malaysia’s PETRONAS Chemicals Group Berhad (PCG), today announced Perstorp Holding AB has acquired 100 percent of the shares of OQ Chemicals Nederland B.V. from OQ Chemicals GmbH…

Samsung E&A wins $955 million contract for a biorefinery in Malaysia

Samsung E&A (Seoul, South Korea) secured the contract for a biorefinery that will have the capability to produce Sustainable Aviation Fuel (SAF) and other biofuels such as Renewable Diesel / Hydrogenated Vegetable Oil (HVO) to cater to the growing demands…