A global survey conducted by Yokogawa has unveiled that industrial autonomy will have a significant impact on environmental sustainability in the background of the increasing number of industrial autonomy projects across the globe.

Cabot Corporation will be developing a new specialty compounds facility in Cilegon, Indonesia to expand its global production capacity in the background of growing demand. The unit will make use of cutting-edge technologies and reuse energy to help the firm achieve its net zero goal.

Exxon Mobil has plans to transform its business structure by combining its chemical and downstream companies and centralizing technology and engineering, and other support services. Under the new streamlined structure, the company will be organized along three business lines – Upstream Company, Product Solutions and Low Carbon Solutions which will help the firm to enhance integration, grow value and reduce costs.

Cummins and China Petrochemical Corporation (“Sinopec Group”) announced the formation of a 50:50 joint venture – Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd (“Cummins Enze”). The joint venture will accelerate the affordability and availability of green hydrogen through increased technological innovation, research and development, and manufacturing capacity.

The global plastic recycling market stood at 162.5 million tons in 2020 and is forecast to reach 263.08 million tons by 2030, growing at a healthy CAGR of 4.49 % until 2030, according to a report by Research and Markets. Chemical recycling is definitely one of the most popular processes in recent times which will aid the plastic recycling industry to transform into a greener and more sustainable circular economy. In this background, PROCESS Worldwide shares with you the top 5 chemical recycling solutions which have been in the news this year.

Yokogawa Electric has taken over the German-based company Insilico Biotechnology with an aim to develop total bioprocess solutions that support biopharmaceutical development and production. Insilico’s innovative digital twin technology is expected to speed up the digital transformation in the bioprocessing industry.

PROCESS Worldwide brings to you a snapshot of some of the most revolutionary technologies of this year. From major breakthrough technologies in steam methane reforming to solutions analyzing the composition of gas treating agents in real time, find out all the latest innovations making news here.

BASF’S new project organization ‘Net Zero Accelerator’ aims to accelerate its cross-company activities in the fields of low-CO2 technologies, circular economy and renewable energies in order to reduce its CO2 emissions by 25 % by 2030 and become climate neutral by 2050. The new unit will be led by Dr. Lars Kissau who will report directly to the CEO and make sure that the emission reduction projects are implemented over the next few years.

Under the virtual power purchase agreement (VPPA), the Nextera Energy Resources subsidiary will develop the new wind project ‘Appaloosa Run Wind’ in Texas, USA and will deliver the equivalent of 135 MWs of new wind power capacity annually. The move is in line with Dupont’s Acting on Climate goal of reducing absolute greenhouse gas emissions by 30 % and achieving carbon neutrality by 2050.

Yokogawa will begin work on the collaborative study project with an aim to achieve carbon neutrality at an industrial complex in Ichihara City, Chiba Prefecture, Japan by 2050. The study has been commissioned by the New Energy and Industrial Technology Development Organization.