The European Union and India have recently concluded a landmark Free Trade Agreement which is claimed to be the mother of all deals. India will grant the EU tariff reductions that none of its other trading partners have received. For example, Tariffs ranging up to 44 % on machinery, 22 % on chemicals and 11 % on pharmaceuticals will be mostly eliminated.

Europe has ambitious decarbonization goals in order to meet its net zero emissions by 2050. Right from green hydrogen to carbon capture, the region is undertaking all measures to stay ahead in the global green transition and the race for clean energy technologies.

KBR’s Purifier technology has been chosen for Pampa Energía’s new ammonia-urea complex in Argentina. KBR is expected to provide technology licensing, basic engineering design package, and proprietary equipment for the 3,430 tons per day ammonia plant.

With an aim to strengthen its strategic regional network, Thermo Fisher Scientific has launched a new Bioprocess Design Center in Hyderabad, India, and has expanded its existing Bioprocess Design Centers in Incheon, Korea and Singapore.

With an aim to strengthen its global pharmaceutical business, Asahi Kasei has acquired Aicuris for approximately 780 million euros. The acquisition boosts Asahi Kasei’s strategy to build a focused and sustainable pharmaceutical platform to serve immunocompromised and medically complex patient populations.

Zeon Corporation has partnered with Chemify for accelerating the design, discovery, and synthesis of novel molecules for medicines and advanced materials.

With an aim to expand its global manufacturing network, Sika has launched five new plants across the globe. The facilities are located in the United States, Argentina, Colombia, Bangladesh, and Tanzania.

Green hydrogen is becoming the standard: A study by Deloitte predicts that it will reach a market share of 85 percent by 2050, exceeding 500 million metric tons. At the same time, 9.4 trillion dollars must be invested in the supply chain every year until then. It is no wonder that valve manufacturers want a piece of this pie.

Ondosense has introduced its new Radar Level Sensor – the Ondosense apex Level Line which offers reliable measurement results even with abrupt level fluctuations. The sensor is also capable of measuring fill levels of molten metals with a precision of up to 0.1 mm.

Desalination has long come at a high cost in energy and money. For Saudi Arabia, which depends on it for drinking water and industry alike, the priority is now shifting from more capacity to cleaner and more efficient capacity.