The startup firm is a producer of non-petroleum-based leather alternative for car interiors. By investing in NFW, Asahi Kasei aims to support global automotive OEMs to reduce the environmental burden of automobiles.

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.

Yokogawa Electric has been selected to supply an energy management system for the Yuri Green Hydrogen Project in Australia. Once complete, the project is expected to produce up to 640 tons of green hydrogen annually.

Axens, SMS group and IFP Energies nouvelles have entered into a co-development agreement for the optimization of the Reverse Water Gas Shift technology which plays a vital role for converting CO2 to renewable or low carbon fuels and chemicals intermediates.

AGC and Mitsubishi Gas Chemical have launched a study for the production and sale of the world’s first circular carbon methanol made from CO2 which has been generated from glass production.

Located in China, Clariant’s new production facility for flame retardants comprises of a first production line for which an amount of 66-million-dollars has been invested. The move is expected to provide local customers with innovative and sustainable Exolit OP flame retardants which will support the growth of engineering plastics applications in E-mobility and electrical & electronic segments.

Under a MOU signed between LG Chem and GS Caltex, both the firms will work together to accelerate the commercialization of the world's first 3HP eco-friendly bio material.

Topsoe’s new ereact technology is claimed to be a groundbreaking technology for the production of low carbon hydrogen. Under the terms of the agreement, Aramco and Topsoe will develop a demonstration plant at the Shaybah Natural Gas Liquids recovery unit in Saudi Arabia.

Sinopec has selected Lummus’ Novolen technology for its new 500 kilo ton per annum polypropylene plant in China. Lummus’ scope includes the technology license, basic design engineering, training and project engineering services for the project.

Sumitomo Chemical has plans to produce ultra-fine alumina products by utilizing its unique production technology. The move is expected to create new markets through technological innovations in inorganic materials.