Covestro has started up a new world-scale plant in Spain to produce chlorine with the help of the energy efficient ODC (oxygen depolarized cathode) technology. The new project will aim to strengthen the European MDI production of the company in the region.

KBR has secured a contract from Hyundai Engineering Company to supply proprietary equipment for the first modular plant for its leading advanced plastics recycling technology Hydro-PRT. The new unit will be installed at LG Chem's Chronos Project in Dangjin, South Korea.

Graforce has launched a new technology called methane electrolysis (plasmalysis) which is capable of converting LNG into CO2-free hydrogen. This technology only requires one-fifth the energy as compared to water electrolysis to produce the same amount of hydrogen.

The green hydrogen cluster will be developed in the Valencia region of Spain in order to make the region a leader in green hydrogen production. The project will include production of green hydrogen at BP’s Castellón refinery.

Bill Anderson has been selected to become the next CEO of Bayer from June 1, 2023. He will succeed the current CEO of Bayer Werner Baumann who retires at the end of May.

Occidental’s first large-scale Direct Air Capture (DAC) plant in Texas, USA will be using Siemens Energy compressors to capture up to 500,000 metric tons of CO2 annually. Occidental’s subsidiary 1PointFive will be developing the project.

Under a cooperation agreement signed between Braskem and Coolbrook, both the parties will work together to implement a pilot project which intends to electrify crackers by replacing the use of thermal energy from fossil fuels with electricity from renewable sources.

Neste has plans to establish an algae pilot production plant in Spain to further strengthen its global raw material pool. With the project, the company aims to develop and demonstrate algae cultivation and processing.

A feasibility study has been awarded to Aker Carbon Capture under which the firm will focus on the development of two carbon capture plants for Röhm. The project will aim to capture nearly 500,000 tons CO2 per year.

A research team from the Otto Diels Institute of Organic Chemistry at Kiel University has developed a special palladium catalyst that can for the first time selectively activate carbon-hydrogen bonds.