Under a strategic agreement signed between Wood and Cognite, both the companies will create artificial intelligence solutions in order to provide a more connected and data-driven environment to industries which will prove profitable for their operations.

Under the terms of the agreement, Technip FMC and Mc Phy will work together to develop hydrogen technology and address commercial opportunities. Technip FMC has also made an equity investment in Mc Phy.

The mega plant aims to replace fossil hydrogen with renewable hydrogen in order to produce ammonia. It has the potential to reduce 100,000 tonnes of CO2 every year and is expected to be operational by 2024/25 subject to public co-funding and regulatory frameworks.

The 50-50 joint venture company – Anaven has received environmental clearance to produce 32,000 metric tonnes of monochloroacetic acid (MCA) annually at its new plant in Gujarat, India. The first batch of MCA is expected to be supplied to the Indian market by the end of 2020.

Today, Monsanto shareholders voted to approve a bid by German pharmaceutical and chemical giant, Bayer, to purchase Monsanto for US $ 66 billion, in a merger that would effectively create the world’s largest supplier of seeds and agricultural chemicals.

The new discovery well is estimated to contain between 50 and 190 million barrels of recoverable oil equivalent. Further appraisal is scheduled to be conducted in order to determine potential flow rates, the reservoir’s ultimate resource recovery and plans for development.

Dr. Martin Brudermüller is the current CEO of BASF and has been appointed by Cefic as its new President. He succeeds Daniele Ferrari, CEO of Versalis (Eni) who has occupied the post since October 2018.

Total and CMA CGM have claimed to have completed the world’s largest LNG bunkering operation at the Port of Rotterdam in the Netherlands. This feat was achieved with CMA CGM’s 23,000 TEU1 containership receiving around 17,300 m3 of LNG from Total Marine Fuels Global Solutions.

Messer will secure its leading position in Chinese specialty gases market and now also produces specialty gases in the eastern Chinese city of Suzhou, in Jiangsu province. Therefor the industrial gases specialist invests €33 million.

Nova’s new market and technology report elaborates on chemical recycling by offering details on the latest trends and challenges of this technology. The report will prove useful for the chemical and plastic industry, brands, technology scouts, investors, and policy makers.