Petrochemicals
Solvay and BASF together reduce scope 3 emissions in hydrogen peroxide production
Solvay and BASF announced to jointly focus on a meaningful reduction in scope 3 greenhouse gas emissions within the hydrogen peroxide supply chain.
Chart Industries and Flowserve combined to form $19-B enterprise
Chart Industries, Inc. and Flowserve Corporation announced that they have entered into a definitive agreement to combine in an all-stock merger of equals, creating a differentiated leader in industrial process technologies. The combined company is expected to have an enterprise value of approximately $19 billion.
Lummus and InnoVent Renewables sign MoU for tire pyrolysis technology
Lummus Technology and InnoVent Renewables announced the signing of a Memorandum of Understanding (MoU) to work toward licensing and deploying InnoVent's continuous tire pyrolysis technology globally.
Marubeni signs a long-term offtake agreement for green ammonia produced in Inner Mongolia, China
Marubeni has signed a long-term offtake agreement with global green technology company Envision Energy Co., Ltd. for ammonia produced from renewable energy in Inner Mongolia, China.
Braskem to commercially implement Ardent’s Olefin Separation technology
Braskem and Ardent Process Technologies announced the successful completion of their joint development program for an innovative olefin-paraffin separation technology, marking a significant advancement in polyolefin production efficiency.
Thermo Fisher Scientific launches new raman analyzer for hazardous locations
Thermo Fisher Scientific has introduced the Thermo Scientific™ MarqMetrix™ All-In-One X Process Raman Analyzer, engineered specifically for safe, real-time, in-line chemical analysis in hazardous environments, particularly in the oil and gas, chemical, polymer, and pharmaceutical industries.
OCOchem commissions first pilot plant using multiple industrial-scale cells to directly convert CO₂ and water into organic molecules
In a landmark achievement for carbon utilization and sustainable chemical production, OCOchem has announced the successful startup and commissioning of the world’s first pilot plant to produce hydrogen formate and potassium formate at industrial scale using only carbon dioxide (CO2) and water as feedstocks.
Lummus Technology completes acquisition of NAPCON from Neste, expanding digital and AI capabilities
Lummus Technology announced the successful closing of its acquisition of the NAPCON portfolio, the digital technology business of Neste. Initially announced in April 2025, the transaction includes the transfer of Neste's NAPCON intellectual property, select assets and key personnel.
Trump administration (U.S.) axes $3.7-B in green energy projects
The U.S. has axed awards to 24 green energy projects issued during U.S. President Joe Biden's administration that totaled more than $3.7 billion, the Energy Department said. These include projects from ExxonMobil, Heidelberg Materials and Eastman Chemical
- Valero Energy Q4 profit beats estimates; shares surge 1/30
- Dow launches "Transform to Outperform" to raise the competitive industry benchmark for productivity and growth to enable improved returns 1/30
- Russian oil refineries' peak maintenance expected in January and September 1/30
- U.S. lifts some Venezuela sanctions to ease oil sales 1/30
- Keppel, Aster plan sustainable aviation fuel project in Singapore 1/30
- Boeing, Israel's Technion to develop sustainable aviation fuel, as sector grapples with 2050 goal 1/30
