LG Chem has begun the construction of the largest cathode material facility in the United States. Located in Tennessee, the plant is capable of producing cathode materials for approximately 600,000 high-performance pure electric vehicles.

Dr. Markus Kamieth has been appointed as the new chairman of BASF’s Board of Directors. He will succeed Dr. Martin Brudermüller, who has held the post since 2018.

The 15-year LNG Heads of Agreement with ENN LNG is claimed to be the first long-term contract by Adnoc’s low-carbon Ruwais LNG project. The project will supply 1 mmtpa of LNG to the company.

Topsoe’s Snox technology has been chosen for Essar Oil UK’s carbon capture facility in Stanlow, North West England. The technology has the capacity to remove nitrogen oxides, sulfur dioxide, carbon monoxide, dust and other contaminants from flue gas emitted in the production process.

At the recently held global climate event COP 28 in Dubai, UAE, Sinopec highlighted the progress made by the company on carbon, capture, utilization and storage.

On December 21, 2023, BASF, Letter One and Harbour Energy reached an agreement on the future of Dea Wintershall's exploration and production business. The business, excluding Russia-related activities, is to be transferred to Harbour Energy.

Under a MOU signed between both the parties, Saipem and Valmet will jointly develop decarbonization solutions for hard-to-abate industries. Saipem will combine its CO2 management technologies with Valmet’s heat recovery and flue gas treatment units for the pulp, paper and energy sectors.

Asahi Kasei and Asahi Kasei Medical have recently launched its new Bioprocess Technical Center in Jiangsu, China. With the establishment of this center, the two companies aim to cater to customers in the Chinese pharmaceutical industry.

Ineos Inovyn has introduced new carbon neutrality and circularity solutions by expanding its PVC portfolio. The solutions come with a significantly reduced carbon footprint and increased recycled content.

Under a strategic collaboration agreement between the two parties, Adnoc and MHI will work together to explore potential opportunities for building low carbon energy supply chains as well as advance carbon neutral solutions. The move is expected to speed up decarbonization in the energy industry.