Latest News: Business
LNG gains double momentum in the Hoyer Group
The market for alternative energies is growing rapidly worldwide. This trend has prompted the Hoyer Group (Hamburg, Germany) to strategically strengthen its liquefied natural gas (LNG) transport business area. For the logistics specialist, natural gas liquefied under pressure or cryogenically…
Siemens and SAP Join Forces to Accelerate Industrial Transformation
Siemens AG (Munich, Germany) and SAP Deutschland SE & Co. KG (SAP; Walldorf, Germany) have formed a new partnership that will leverage their industry expertise and bring together their complementary software solutions for product lifecycle, supply chain and asset management…
KBR Awarded Contract for VAM Catalyst by Shenghong Refining, China
KBR (Houston) has been awarded a catalyst supply contract for a Vinyl Acetate Monomer (VAM) project by Shenghong Refining Petrochemical (Lianyungang) Co. Ltd., China. Under the terms of the agreement, KBR will provide proprietary catalyst for Shenghong’s grassroot 300,000 ton/yr…
Toray to supply carbon-fiber composite materials for Lilium’s all-electric air vehicle
Toray Industries, Inc. (Tokyo, Japan) has concluded an agreement with Lilium GmbH (Weßling, Germany) to supply carbon fiber composite materials for the Lilium Jet. Lilium is developing this all-electric, vertical take-off and landing aircraft to deliver clean, regional air mobility…
Archroma starts hand sanitizer production in Pakistan
Archroma, a global leader in color and specialty chemicals, has started bulk production of a new range of hand sanitizers at its Landhi site in Pakistan. The new Kieralon HS range was developed by the R&D team at the Archroma…
‘Green’ hydrogen to be converted to ammonia using Haldor Topsoe technology
The world's largest "green" hydrogen project — a $5-billion investment to be located in NEOM, Saudia Arabia — will use Haldor Topsoe's technology to convert hydrogen into 3,500 tons per day ( 1.2 million tons per year) of "green" ammonia.…
Phillips 66 collaborates with Accenture and AT&T for 5G IIoT proof of concept at Louisiana refinery
Accenture (Dublin, Ireland) and AT&T are working with Phillips 66 (Houston) to develop industrial cellular wireless connectivity, with the development of a private cellular network solution. The solution will lay the foundation for potential future 5G use cases, including support…
Henkel sells thermal-clad dielectric materials business to Polytronics Technology
Polytronics Technology Corp. (Hsinchi, Taiwan) has entered into an agreement with the U.S. operations of Henkel AG & Co. KGaA (Düsseldorf, Germany) to acquire Henkel’s thermal clad dielectric material (TCLAD) business division. The acquisition includes manufacturing facilities located in Prescott,…
ALEC Energy in agreement with Azelio for energy-storage projects in the Middle East and Africa
Solar energy company ALEC Energy and Azelio (Gothenburg, Sweden) have signed a Memorandum of Understanding (MoU) that covers a collaboration over 49-MW installed capacity of Azelio's thermal energy storage until 2025. The projects are focused to the Middle East and…
Lonza expands particle engineering capacities
Lonza AG (Basel, Switzerland) announced additional investments in its global particle engineering network for expanded capacity and specialized capabilities. Jet milling and spray-dry processing for development have been significantly expanded at U.S. and European sites to meet increased demand. Specialized…