Mitsubishi Heavy Industries Ltd. (MHI; Tokyo, Japan) has agreed to make a capital investment in H2U Investments, the holding entity of the H2U Group. The H2U Group includes The Hydrogen Utility (H2U), the leading Australian developer of green hydrogen and…
Evonik Industries AG (Essen, Germany) has made a second investment in HPNow, based in Copenhagen, Denmark, through its venture capital unit. Evonik participated in the first financing round of the start-up as early as 2017. Co-investor is the London-based venture…
Samsung Engineering Co. (Seoul, South Korea) announced that it received an LOI (Letter Of Intent) for a $ 1.07 billion contract from Sarawak Petchem Sdn Bhd (Sarawak Petchem) for the construction of a methanol plant in Sarawak, Malaysia. Samsung Engineering…
Monolith Materials Inc. (Lincoln, Neb.; www.monolithmaterials.com) a leader in clean hydrogen and chemical production, today announced it has received an investment from Mitsubishi Heavy Industries Ltd. (MHI; Tokyo, Japan; www.mhi.com) to support its innovative commercial-scale, emissions-free hydrogen manufacturing technology.…
Royal DSM (Herleen, the Netherlands; www.dsm.com), a global science-based company in nutrition, health and sustainable living, today announced that it will start a strategic partnership with Neste (Espoo, Finland; www.neste.com), the world’s leading producer of renewable diesel and sustainable aviation…
MOL has opened a new polyol research and development center, named after György Mosonyi, the late CEO of MOL (Budapest, Hungary; www.molgroup.info), in Százhalombatta, Hungary to develop polyol products that meet the needs of customers. The experimental reactor system, which…
Braskem (São Paulo, Brazil) and Haldor Topsoe A/S (Lyngby, Denmark) have announced that they achieved their first-ever demo-scale production of bio-based monoethylene glycol (MEG). As a result of the collaboration between the two companies, the MOSAIK technology development has been progressing…
Solvay S.A. (Brussels, Belgium) has reached an agreement with Latour Capital to sell its technical-grade barium and strontium business in Germany, Spain and Mexico as well as its sodium percarbonate business in Germany. Solvay’s barium and strontium business includes a joint venture…
Ineos (London) announced that INEOS Olefins and Polymers USA that it has agreed to principle terms with Sasol Chemicals North America LLC to acquire its 50% membership interest in Gemini HDPE LLC (Gemini) for $404 million. Gemini is a toll-manufacturer…
Sinopec (Beijing, China) has established strategic cooperation with three top institutions in Beijing, China, to take lead in a joint research on the energy and chemical industry's carbon emissions peak and carbon neutrality. Sinopec invited thought leaders and experts in…