With an expected processing capacity of about 55,000 tons of mixed plastic waste annually, the new chemical recycling facility will be the first industrial chemical recycling site at the North Sea Port in Vlissingen, The Netherlands. The plant will be developed under a joint venture by Neste and Ravago and will be based on Alterra Energy’s thermochemical liquefaction technology. With this project, the companies aim to demonstrate and advance the commercialization of chemical recycling.

Tatneft will make use of Versalis’ technologies to develop new rubber plants at its Togliatti industrial site in Russia. On completion, the plants are expected to produce 70 thousand tons of nitrile butadiene rubber and 30 thousand tons of carboxylate styrene butadiene rubber latexes.

The Schmersal Group has expanded its existing switch series for the heavy industry and it now includes Ex variants that are suitable for use in potentially explosive areas.

BASF is all set to create its new subsidiary for renewable energy activities next year. The new business aims at supplying BASF’s sites in Europe with electricity from renewable energies and will also act as a global consulting firm for its Group companies in the field of renewable energies.

The Ministry of Economy, Trade and Industry (METI) of Japan has selected Chiyoda and Mitsubishi to conduct a feasibility study on the construction of a hydrogen supply chain by using the Spera hydrogen technology. The project, part of both the companies’ feasibility studies for the overseas deployment of high-quality energy infrastructure, aims to scale-up the hydrogen supply chain and reduce prices through increased hydrogen demand in Singapore, Japan etc.

Arxada has plans to make the hefty investment in its Kouřim-based industrial biotechnological plant in Czech Republic. With this move, the company will be able to provide important infrastructure debottlenecking in line with expanded technological options as well as be able to increase its formulation capacity in order to cater to its growing customer base.

Under a MOU signed between Shell and RWE Generation, both the companies will work together to advance projects that focus on production, use and distribution of green hydrogen. Apart from this, they will also look at other sustainable options such as CCS and blue hydrogen to decarbonise RWE’s gas and biomass-fired power plants in northwest Europe.

The CABB Group has established a unified organization ‘One CABB’ to accelerate growth as well as to serve its customers better. The company is also looking at a potential Initial public offering (IPO) to achieve its goal of strengthening its position as one of the premier contract development and manufacturing companies for crop science and life sciences. With the change in corporate structure, the Group’s business units Custom Manufacturing and Acetyls will be combined into one company structure.

Global chemical companies including Clariant have collaborated with the World Economic Forum to develop a pre-competitive platform which intends to support low-carbon joint projects and accelerate the use of net-zero technologies. The unique collaboration is expected to assist the Low Carbon Emitting Technologies initiative (LCET) to jointly address mission-critical technology challenges.

Albemarle has signed two investment agreements with the Yangtze River International Chemical Industrial Park in the Jiangsu province and the Pengshan Economic Development Park in the Sichuan province respectively in China. In the background of these contracts, the company aims to establish a lithium conversion plant at each of these sites which are expected to produce 50,000 metric tons lithium hydroxide per annum initially.