Press Releases

M2X Energy, a startup company with process technology that converts stranded natural gas into low-carbon methanol, and SCG Chemicals (SCGC), a leading petrochemicals company that is committed to developing sustainable chemicals and clean energy solutions, have strengthened their existing relationship by announcing a joint development program to optimize key chemical transformations within M2X’s modular process. By leveraging the extensive catalyst R&D and manufacturing expertise of

Aramco one of the world’s leading integrated energy and chemicals companies, has allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. It will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion. It will take Aramco’s overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa’ed Ventures that focuses on the

Solvay has announced capacity expansions at its Resolest®* and Solval® units, specifically designed for recycling residues from the flue gas cleaning process using the market-leading SOLVAir® solution. The rising demand for this advanced technology stems from the enforcement of stringent environmental standards governing emissions across various industries. By the end of 2025, Resolest® is poised to undergo a significant 60% surge in recycling capacity. Likewise, commencing Ja

We are in the heat of a packaging revolution driven by consumer demand, the industry sustainability pledges, and sustainability-linked initiatives and innovations are in full swing to find alternative solutions to non-recyclable flexible packaging. But when it comes to the plastic revolution, there are other sectors that are coming under closer scrutiny: PVC-based media for graphic arts applications is one that is spurring a growing interest in eco-friendly alternatives. Innovia Fil

PureCycle Technologies, Inc. today, announced an update on the status of activities at the company's flagship purification facility located in Ironton, Ohio. PureCycle restarted operations in late December and has since been ramping up operations. PureCycle CEO Dustin Olson said, "We've experienced substantial progress over the past month. We repaired the mechanical seal failure from December, which was caused by a minor component malfunction. Plus, the installation of

ArkemaI becomes a shareholder of the start-up Tiamat, spun off from the CNRS (Centre National de la Recherche Scientifique) in 2017 and a pioneer in sodium-ion battery technology. This investment will enable the Group to accelerate the development of technical solutions adapted to these batteries, which do not use lithium. The Group is once again demonstrating its willingness to be a key player in battery materials, offering a unique range of products adapted to all energy storage technologie

Solenis, a leading global producer of specialty chemicals for water-intensive industries, will invest $193 million to expand its operation in the City of Suffolk, Virginia (USA). The company will build a new 80,000-square-foot production facility, packaging facility and tank farm, and add a new rail spur to accommodate production of polyvinylamine (PVAm) polymer products, which are used in paper and cardboard manufacturing. This new facility will be used to grow the existing polymer product l

The Russian Registry of Carbon Units has welcomed three new climate projects by SIBUR implemented at its facilities in Nizhnekamsk, Tomsk, and Dzerzhinsk. Their implementation is expected to secure a combined GHG reduction of over 6 million tonnes of CO2-eq. until 2032. According to the Russian Registry of Carbon Units,SIBUR now holds the largest portfolio of projects to reduce CO2 emissions among Russian businesses. The climate project at Nizhnekamskneftekhim involves uti

Borealis announces that two of its key sites in Belgium, Kallo and Antwerp, have been certified by Operation Clean Sweep®, an international initiative aimed at preventing pellet loss. After extensive third-party audits according to the Operation Clean Sweep® Standard in December 2023, both locations achieved the Operation Clean Sweep® Certificate, a unified and equitable certification scheme for pellet handlers across the entire value chain. This recognition comes after contributi

PPG a global leader in paints, coatings, and specialty materials, today announced that it has engaged Morgan Stanley & Co. LLC as financial advisor to assist in a review of strategic alternatives for its silica products business. PPG’s silica products business, which operates within the company’s specialty coatings and materials strategic business unit, manufactures and supplies precipitated silica products to major manufacturers around the world as performance-enhan

Toray Industries, Inc. announced today that it has developed TORAYCA™ M46X carbon fiber. The new offering is around 20% stronger than others in the TORAYCA™ MX series while maintaining a high tensile modulus. Utilizing TORAYCA™ M46X reduces the weight of carbon fiber-reinforced plastic materials, lowering its environmental impact. Typically, there is a trade-off between the tensile modulus and strength of carbon fiber. Boosting the strength while maintaining the mo

PSC Group, a leading embedded logistics service provider offering rail, truck, and marine logistics, railcar repair, and sustainability services to the petrochemical, refining and marine industries across North America, announced today that it has acquired Bayport Rail Terminal ("BRT"), a 115 acre rail, truck, and container terminal that provides critical last mile logistics infrastructure and services to the chemical industry on the Bayport Loop and the Port of Houston, from the US