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Latest News: Business

thyssenkrupp Uhde and Praj Industries to partner on polylactic acid production

thyssenkrupp Uhde’s polymer specialist subsidiary Uhde Inventa-Fischer (UIF) and Praj Industries Ltd. (PIL; Pune, India)  announced a strategic partnership to jointly offer an end-to-end integrated technology for the production of Polylactic Acid (PLA). This strategic partnership offers a unique, seamless…

Aclara Resources inaugurates rare-earths pilot plant in Brazil

Aclara Resources Inc. (Vancouver, B.C., Canada) announced the official inauguration of its semi-industrial heavy rare earths pilot plant facility in Aparecida de Goiania, Goias, Brazil. The ceremony was attended by key government authorities from the State of Goias, the Municipality…

Thermo Fisher Scientific announces $2 billion investment in U.S. operations

Thermo Fisher Scientific Inc. (Waltham, Mass.) will invest an additional $2 billion in the United States over the next four years, strengthening American innovation, manufacturing and economic competitiveness across the life sciences sector. As one of the largest manufacturers of…

Borouge announces significant expansion projects

Borouge Plc announced a series of significant, strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million in EBITDA. The company has awarded two major contracts aimed at boosting the nameplate capacity of its…

Merck KGaA to acquire SpringWorks Therapeutics

Merck KGaA, Darmstadt, Germany and SpringWorks Therapeutics, Inc. (Stamford, Conn.), a commercial-stage biopharmaceutical company focused on severe rare diseases and cancer, announced the companies have entered into a definitive agreement for Merck KGaA to acquire SpringWorks Therapeutics. The purchase price…

Yokogawa to acquire Web Synergies, a provider of integrated IT/OT solutions

Yokogawa Electric Corporation (Tokyo, Japan; www.yokogawa.com) announces that it has finalized an agreement to acquire Singapore-based Web Synergies (www.websynergies.com), a leading provider of IT and integrated IT and operational technology (OT) solutions. For more than a decade, the two companies…

Lhyfe receives 149-million-euro grant for green hydrogen production plant in France

Lhyfe (Nantes, France; www.lhyfe.com), a world pioneer in the production of green and renewable hydrogen for mobility and industry, announces that the French Prime Minister has officially confirmed, by signature, a €149 million grant for its future green hydrogen production…

Neptune Energy produces battery-grade lithium carbonate from gas-field brine using KBR technology

KBR (Houston, Tex.; www.kbr.com) is proud to partner with Neptune Energy (London, U.K.; www.neptuneenergy.de) to produce battery-grade lithium carbonate (Li₂CO₃) from gas field brine at the Altmark site in Germany, utilizing KBR’s proprietary PureLi® refining and conversion technology. Li2CO3 is…

Syensqo and Sinopec collaborate on advanced materials and specialty chemicals

Syensqo, a leader in advanced materials and specialty chemicals, and China Petroleum & Chemical Corporation (Sinopec) have signed a Strategic Partnership Framework Agreement to foster collaboration in advanced materials and specialty chemicals. The partnership is set to explore business development opportunities and…

Asahi Kasei starts joint demonstration project for recycling metals from electrolyzer components

Asahi Kasei Corp. (Tokyo) has started a joint demonstration with Nobian, Furuya Metal, and Mastermelt on the recycling of metals, including precious metals, used in the cells and electrodes incorporated in electrolyzers used for the production of caustic soda. Through…