Honeywell International, Inc. (Charlotte, N.C.) announced the completion of its acquisition of Air Products' liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This further expands the comprehensive suite of top-tier solutions Honeywell…
Covestro AG (Leverkusen, Germany; www.covestro.com) today signed an Investment Agreement with certain entities of the ADNOC Group (Abu Dhabi, United Arab Emirates; www.adnoc.ae), including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other…
Evonik Industries AG (Essen, Germany) announced that Evonik Oxeno is significantly expanding its production capacities for the INA-based plasticizers, ELATUR CH (DINCH) and ELATUR DINCD. These products, introduced in recent years, have both now established themselves as new standard plasticizers…
Technip Energies (Paris) announces that the Long Son Petrochemicals Co., Ltd. (LSP) olefins plant in Long Son Island, Ba Ria-Vung Tau province, Vietnam, passed its final performance acceptance test. Technip Energies provided licensing, engineering, procurement, construction, commissioning, start-up and initial…
American Chemistry Council (Washington, D.C.; www.americanchemistry.com) president and CEO Chris Jahn issued the following statement regarding the impact of the strike at the U.S. East and Gulf Coast ports: “The chemical industry is one of the country’s largest shippers across…
Lummus Technology (Houston; www.lummustechnology.com) and Next Wave Energy Partners, LP (Houston; www.nextwaveenergy.com) announced the production of the world's first renewable alkylate. This renewable alkylate, derived from ethanol and produced through a series of Lummus' technologies, is a bio-based, low carbon…
Fujifilm Corp. (Tokyo) announced an investment of 20 billion yen in its semiconductor materials business to further strengthen its facilities for the development, production and quality evaluation of advanced semiconductor materials in Shizuoka and Oita, Japan. The total amount of…
Gevo, Inc. (Englewood, Colo.) has acquired Cultivate Agricultural Intelligence, LLC (CultivateAI) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s…
Schneider Electric (Paris) has partnered with Glencore Ltd. (Baar, Switzerland) to transform its copper supply chain and enhance decarbonization efforts. S&P Global estimates that demand for copper will double by 2035, driven by electrification and the clean energy transition. Balancing…
HIF Global (Houston) announced its first project in Brazil, after signing a land reservation contract with Port of Açu, one of Brazil's main ports, to develop a facility to produce up to 800,000 tons per year of e-Methanol. Pursuant to…