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Latest News: Business

Masdar and TotalEnergies to develop a commercial methanol-to-SAF project in Abu Dhabi

Abu Dhabi Future Energy Company PJSC – Masdar, has signed an agreement with TotalEnergies (Paris) to assess the viability of developing a commercial green hydrogen to methanol to SAF (Sustainable Aviation Fuel) project. The focus of the project is to…

Arcadium acquires lithium metal business of Li-Metal Corp.

Arcadium Lithium plc (Philadelphia, Pa.) announced it has acquired the lithium metal business of Li-Metal Corp. (Markham, Ont., Canada).  The all-cash $11-million acquisition includes the intellectual property and physical assets related to lithium metal production, including a pilot production facility…

Chevron moves corporate headquarters from California to Houston

Chevron Corp. (Houston) announced the relocation of the company’s headquarters from San Ramon, Calif., to Houston, Tex. and senior leadership changes. Chevron Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will move to Houston before the end of…

Nippon Shokubai to construct new SAP plant in Indonesia

Nippon Shokubai Ltd. (Tokyo) has announced a plan to build a superabsorbent polymers (SAP) plant with 50,000 metric tons per year (m.t./yr) at its Indonesian subsidiary, PT. Nippon Shokubai Indonesia (NSI). This new plant will augment an existing SAP plant…

Indorama Ventures joins the T-REX Project to accelerate textile recycling

Indorama Ventures Public Company Limited has announced its participation in the groundbreaking T-REX (Textile Recycling Excellence) Project. This initiative aims to establish a harmonized European blueprint for the closed-loop sorting and recycling of household textile waste to help the fashion…

Parker Hannifin divests composites manufacturing business in North America

Parker Hannifin Corp. (Cleveland, Ohio) announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully…

Verbio starts up ethanol production at biorefinery in Iowa

Verbio has commenced the commercial production of corn-based ethanol at its biorefinery facility in Nevada, Iowa. The plant, a subsidiary of Europe's leading biofuels and bioenergy producer Verbio SE, underwent a thorough commissioning process over the past six months resulting…

OCI Global to sell Texas clean-ammonia project to Woodside for $2.35 billion

OCI Global N.V. (Amsterdam, the Netherlands) announced that it has reached an agreement for the sale of 100% of its equity interests in its Clean Ammonia project under construction in Beaumont, Texas (OCI Clean Ammonia), to Woodside Energy Group Ltd.…

Lubrizol to invest $200 million to construct its largest manufacturing plant in India

The Lubrizol Corp. (Cleveland, Ohio) announced that it signed a Memorandum of Understanding to purchase a 120-acre plot in Aurangabad, India, where it plans to construct a new manufacturing facility to initially support the region’s growing transportation and industrial fluid…

Veolia North America sells its acid-regeneration business for $620 million

Veolia (Paris) announced that its subsidiary Veolia North America has signed an agreement for the divestment of Veolia North America Regeneration Services, which includes its sulfuric acid and hydrofluoric acid regeneration activities for refineries, to private equity firm American Industrial…