Under the terms of the contract, Exxon Mobil will purchase 2.5 million barrels of renewable diesel per year from Global Clean Energy’s refinery in California, USA for five years beginning from 2022.

Saudi Aramco aims to enhance its performance and competitiveness by reorganising its downstream business. The move is in line with the company’s vision of becoming the world’s preeminent integrated energy and chemicals company.

Messer has become a part of the European Clean Hydrogen Alliance which aims at deploying hydrogen technologies by 2030. The company intends to develop more efficient and green technologies to decarbonise and optimise the usage of renewable hydrogen across numerous industries.

2015 was the year of mergers and acquisitions (M&A). Mergers and acquisitions increased by 43 % worldwide to a new record value of 4.5 billion dollars as compared to the previous year. PROCESS presents the biggest deals of the previous 18 months in detail.

The chemical industry in Europe intends to gain support for an EU Recovery Plan which is in line with the European Green Deal objectives in order to boost Europe’s economy in the background of Covid-19.

Under its new portfolio ‘Bio-Prism’, Praj Industries will be developing technologies to produce bio-based Renewable Chemicals and Materials, thus marking its foray into the global market. The move is in line with the company’s ambition of expanding its business prospects.

The newly developed Cryoflowskid enables 3 step syntheses for the continuous production of chemical intermediates or active pharmaceutical ingredients in kg quantities per hour.

Luis Sierra has recently been appointed as President and Chief Executive Officer of Nova Chemicals Corporation. He will take charge from August 1, 2020 and will succeed Todd Karran who is retiring from the company.

Anellotech’s unique plastic recycling technology ‘Plas-Tcat’ has the potential to convert single-use plastics directly into basic chemicals. The technology has been funded by R Plus Japan which has been recently established by 12 cross-industry partners within the Japanese plastics supply chain.

SPX Flow has recently announced the release of a new range of ball valves from its APV brand. The ‘BLV1 Series’ adds to an already extensive portfolio of valves widely used across dairy, food & beverage, chemical processing, personal care, and other industries.