Avient has plans to divest its Distribution business to an affiliate of H.I.G. Capital for 950 million dollars in cash. The firm has also signed a definitive agreement for the deal; however, it is subject to the satisfaction of regulatory requirements and other customary closing conditions.

Toyo India has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract for a 2.50 MMTPA Vacuum Distillation Unit at Indian Oil Corporation’s (IOCL) Gujarat refinery in India.

Honeywell has collaborated with the U.S. Department of Energy's National Renewable Energy Laboratory to prototype and support the commercialization of a cartridge-based hydrogen fuel storage solution for Uncrewed Aerial Vehicles.

Inosim has introduced Version 13 of its Process Simulation Software which offers Inosim Bicon. This enables one to better analyze the complex, dynamic behavior of the production plant and its interdependent processes. The latest version also comes with the Inosim Foresight system which forecasts the future state of a plant, based on high-precision digital twins.

Aramco has awarded a project management consultancy contract to Technip Energies for a new industrial city in Saudi Arabia. The contract will also include a number of PMC studies for the execution of the country’s Liquid-to-Chemical Program.

BASF’s Coatings Division has appointed Patrick Zheng Yu Zhao to take charge of the new Global Automotive OEM Coatings Solutions business unit in Hong Kong. It has also chosen Chris Titmarsh for its new Global Automotive Refinish Coatings Solutions business unit in Münster, Germany along with Frank Naber who will be responsible for the Global Surface Treatment business unit in Frankfurt, Germany.

Topsoe and Fidelis have formed a global alliance for technology used in the production of carbon neutral hydrogen. Topsoe’s hydrogen process portfolio along with Fidelis’ H2 technology will be paired in the alliance in order to reduce the lifecycle carbon emissions involved in hydrogen production.

With the support of a blue loan from the International Finance Corporation, Indorama Ventures has completed the expansion of its recycling facility in Brazil which has helped the company to increase its PET production capacity from 9 thousand tons to 25 thousand tons annually.

Anyone who prints pharmaceutical labels needs a lot of expertise and experience. But with the right hardware, software and advice, even newcomers can efficiently produce the complex pharmaceutical labels in short runs - an interesting option for pharmaceutical retailers who specialise in re-imports and want to print very small quantities of labels themselves.

GEA will be showcasing a wide range of solutions at the Interpack show in Germany. Some of the innovations to be exhibited at the fair include the Optirobot 6000 and the firm’s new solution – the Optibuffer.