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Latest News: Business

Honeywell and Samsung E&A join forces to advance CCS and SAF technologies

Samsung E&A (Seoul, South Korea) announced its intention to collaborate with Honeywell International, Inc. (Charlotte, N.C.) to explore opportunities to drive technology advancement, boost energy efficiency and expand collaborative efforts in the global energy sector. Under the Memorandum of Understanding…

Solstice Advanced Materials completes spin-off from Honeywell

Solstice Advanced Materials, a leading pure-play specialty materials company, announced its first day as an independent, publicly traded company following the completion of its spin-off from Honeywell. Shares of Solstice will begin trading on the Nasdaq Stock Market under the…

Samsung E&A secures $475-million contract for low-carbon ammonia plant in Indiana

Samsung E&A (Seoul, South Korea) announced that its U.S. office, Samsung E&A America, has signed an EPF (Engineering, Procurement, and Fabrication) contract for the‘USA Wabash Low-Carbon Ammonia Project from Wabash Valley Resources. This contract marks Samsung E&A America's first low-carbon…

AGC initiates collaboration to pursue recycling of solar-panel glass

AGC, Inc. (Tokyo) has initiated a collaboration with NPC Inc. to promote the recycling of solar-panel cover glass. Aiming to recycle several thousand tons of solar panels annually by 2030, AGC is partnering with various companies to establish a collection…

Vattenfall dam gate will be the world’s largest steel component made with fossil-free steel

Vattenfall AB and SSAB (both Stockholm, Sweden) have signed a new agreement for the delivery of 120 tons of fossil-free steel for what will be the world's first fossil-free dam gate. The dam gate will be the largest steel component…

Yokogawa deploys multiple autonomous control AI agents at Aramco facility

Yokogawa Electric Corporation (Tokyo, Japan; www.yokogawa.com) announced it has achieved a historic milestone in the deployment of industrial artificial intelligence (AI) solutions with Aramco (Dhahran, Saudi Arabia; www.aramco.com). Multiple autonomous control AI agents have been successfully implemented by Yokogawa at…

SandboxAQ launches AI model for computational catalyst discovery

SandboxAQ (Palo Alto, Calif.) today announced the release of AQCat25-EV2, a novel quantitative AI model trained on the AQCat25 dataset, representing an advancement in computational catalyst discovery. AQCat25-EV2 enables researchers to accelerate the discovery of catalysts for applications in energy,…

SOCMA report details survey findings on contract manufacturing in the chemical industry

The Society of Chemical Manufacturers & Affiliates (SOCMA; Arlington, Va.; www.socma.org) released its 2026 Contract Manufacturing Outlook, capturing an industry that is resilient, innovative, and prepared for the challenges ahead. Nearly 70% of survey responses came from companies with annual…

U.S. Chemical Safety Board opens investigation into recent fatal explosion in Tennessee

The U.S. Chemical Safety and Hazard Investigation Board (CSB; Washington, D.C.; www.csb.gov) announced today that it is deploying a team to investigate the fatal explosion that occurred on October 10, 2025, at the Accurate Energetic Systems, LLC (AES) facility in…

Endress+Hauser opens new production facility in southern Germany

The Endress+Hauser Group (Reinach, Switzerland) has opened a new development and production center for temperature measurement and system products at its Nesselwang site in southern Germany’s Allgäu region. The new addition further solidifies the family-owned company’s commitment to the region…