Lummus Technology and MOL Group will work together for the chemical recycling of plastics at MOL’s assets in Hungary and Slovakia. The move is in line with the goals of both the companies of producing sustainable products to attain a circular economy.

LG Chem and Eni Sustainable Mobility have come together to explore the development of a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims to decarbonize the energy and mobility sector as well as meet the growing demand for more sustainable fuels and plastics produced by low-carbon processes.

Ima via its Ima Automation business has entered into the battery cell assembly market. With its unique solutions, the firm aims to enhance efficiency and productivity of battery cell assemblies.

Chevron has plans to acquire Magnum Development which holds a majority stake in ACES Delta – the firm aims to develop an Advanced Clean Energy Storage project in Delta, Utah. With this takeover, Chevron now holds a majority stake in the project.

Qixiang Tengda, a major chemical firm in China, has started sustainable production of propylene oxide at its new complex in China. Evonik and thyssenkrupp Uhde technologies have been used for the project.

Under a MOU signed between both the parties, Fluor and Carbfix will work together to decarbonize hard-to-abate industries such as steel, aluminum and cement with carbon capture and storage solutions.

Sabic-Sinopec’s joint venture Sinopec Sabic Tianjin Petrochemical Co. has begun commercial operations of a new polycarbonate plant. With an annual capacity of 260 kT, the unit is expected to meet the growing demands of polycarbonate in the region.

Under the terms of the agreement, all Denbury shareholders will receive 0.84 shares of Exxon Mobil for each of their Denbury share. With this deal, Exxon Mobil intends to profitably grow its Low Carbon Solutions business.

Eaton’s Beco Carbon ACF 03 grade, a new activated carbon depth filter media from the firm’s Beco Carbon range helps to ensure product quality in pharmaceutical and biopharmaceutical production.

SK Geo Centric has introduced a blockchain-based history-management platform for recycled plastic materials. The platform has the capacity to record all processes, from securing waste plastics to recycling them into materials, and finally producing the complete product.