Press Releases

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) facility dedicated to advancing its Zimpro® suite of water and wastewater treatment technologies. Officially named the Lummus Green Circle Labs and located in La Porte, Texas, the facility will focus on enhancing commercial value and versatility and accelerating innovation in Lummus' water and wastewater technology

TechnipFM has been awarded a large(1) contract in Guyana’s Stabroek Block by Exxon Mobil Corporation (NYSE: XOM) affiliate ExxonMobil Guyana Limited to supply subsea production systems for the Whiptail project. TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment. Jonathan Landes, President, Subsea at TechnipFMC, commented: &ld

SLB has been awarded three contracts by Petrobras for completion hardware and services for up to 35 subsea wells in the development of Petrobras’ offshore Buzios Wave II oilfield. The scope of the contract includes SLB’s full bore electric interval control valves and electric subsurface safety valves. The award is a catalyst toward full production system electrification for Petrobras, improving production availability via more reliable completions. By converting to elect

Versalis, Eni's chemical company, announces today the closing completion of the acquisition of 100% of Tecnofilm S.p.A., a specialist company operating in the compounding sector following the approval of the competent authorities.    Tecnofilm, a family-owned company based in the Le Marche region,  manufactures functionalised polyolefins and thermoplastic compounds based on plastics and elastomers, mainly for the footwear and technical goods industries. Founded in

New options for making finely structured soft, flexible and expandable materials called hydrogels have been developed by researchers at Tokyo University of Agriculture and Technology (TUAT). Their work extends the emerging field of ‘kirigami hydrogels’, in which patterns are cut into a thin film allowing it to later swell into complex hydrogel structures. The research is published in the journal Science and Technology of Advanced Materials. Hydrogels have a network of wa

Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire the distribution business of DBH Osthandelsgesellschaft mbH (“DBH”), a specialty chemicals distributor focused on AM&A (Advanced Materials & Additives) in Germany and Central & Eastern Europe (CEE). The transaction is expected to close during the second quarter of 2024. The acquisition reinforces A

Borealis announces a EUR 4.5 million investment in the cracker furnaces of its olefins unit in Porvoo, Finland. This investment ensures that the Porvoo steam cracker, which is part of a highly integrated petrochemical complex, can increase the share of renewable and recycled raw materials used in its base chemicals (ethylene and propylene) production; thus, supporting Borealis Strategy 2030 and driving the transformation to a circular economy. The Porvoo investment program, which has already

TOYO INK INDIA PVT. LTD., a member of the Japan-based chemicals manufacturer artience group (formerly Toyo Ink Group), today announced plans to expand its production capacity for solvent-based adhesives at its manufacturing site in Gujarat, India. A new production facility will be built on-site at the Gujarat plant as part of expansion to meet rising local demand. The plant is slated to begin operations in April 2026 and will help to boost the Gujarat site’s adhesive capacity by 3.5 tim

Brenntag, the global market leader in chemicals and ingredients distribution, today announced a strategic partnership with Knowde, the pioneering digital customer experience platform for the ingredients, polymers, and chemical industry. This collaboration marks a significant step forward in utilizing Artificial Intelligence (AI) to address the chemical industry’s uniquely complex Product Data Management challenges. Christian Kohlpaintner, Chief Executive Officer of Brenntag SE

Mitsui Chemicals, Inc. today announced that it has invested in FullStem Co. Ltd. (Uruma, Okinawa; CEO: CHIBA Shunmei), a company commercializing high-density, large-scale stem cell culture technology, via 321FORCE Global Innovation Fund L.P. (321FORCE™; managed by Global Brain Corporation). About FullStem FullStem has developed Achieva-CS*1: a high-density, large-scale stem cell culture device that employs a proprietary method for high-density, three

BASF signed a 15-year contract with ENN Energy to purchase natural gas for its Zhanjiang Verbund site recently. This is an important step further in the clean energy partnership between the two parties. Following the contract, ENN Energy will invest in the construction of the needed supporting natural gas gate stations and pipelines so as to ensure a stable natural gas supply to BASF's Zhanjiang Verbund site. It will also further enhance the clean energy supply capabilities of D

Aurora Capital Partners ("Aurora"), a middle-market private equity firm, today announced the closing of the recapitalization of PSC Group, a leading embedded logistics service provider offering rail, truck, and marine logistics, railcar repair, and sustainability services to critical petrochemical infrastructure across North America, with TJC, LP ("TJC"), formerly known as The Jordan Company, a middle-market private equity firm investing primarily in North America. Aurora