The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), rose 1.1% in December on a three-month moving average (3MMA) basis, unchanged from November and October. On a year-over-year (Y/Y) basis,…
Gevo, Inc. (Englewood, Colo.) announced that it has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, and has met the initial milestone to secure control of a site by the end of this year…
Toyo Engineering Corp. (Tokyo), Irkutsk Oil Company (IOC), Japan Oil, Gas and Metals National Corp. (JOGMEC) and Itochu Corp. agreed on a joint feasibility study related to the development of the blue ammonia value chain between eastern Siberia and Japan.…
Equinor Energy AS (Stavanger, Norway) and Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo) announced the signing of a Memorandum of Understanding (MoU) for a low-carbon technology collaboration. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce…
Mitsubishi Chemical Corp. (MCC; Tokyo) announced plans to establish a new pilot facility for carbon fiber reinforced thermoplastic (CFRTP). The facility will be located in Fukui Prefecture and is scheduled to start operation by the end of 2021. MCC has…
Sumitomo Chemical Co. (Tokyo, Japan) has begun exploring a possible combination of a propane dehydrogenation (PDH) technology that converts propane gas into propylene, with another technology that efficiently synthesizes methanol, using hydrogen and carbon dioxide (CO2), by-products from PDH. This…
Sibur Holding PJSC (Moscow, Russia) and China Petroleum & Chemical Corporation (Sinopec), China’s leading energy and chemical company, have closed the deal to set up a joint venture (JV) at the Amur Gas Chemical Complex after obtaining all the necessary approvals from…
Solvay S.A. (Brussels, Belgium) has begun a process of decarbonizing the cyclopentanone unit of its Melle plant in France. Through an agreement with an agricultural cooperative for the next fifteen years, the entire cyclopentanone production already relies solely on biomethane gas, a…
Maire Tecnimont S.p.A. (Milan, Italy) announced that its subsidiary Tecnimont SpA, through its Indian entity Tecnimont Private Limited, has been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation…
Entegris, Inc. (Billerica, Mass.) is expanding its manufacturing presence in Taiwan with an investment of approximately $200 million over the next three to five years. Entegris plans to commence construction of a new facility in early 2021 and expects to…