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25,652 Current news

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Bayer aims to enhance performance and regain strategic flexibility by 2026

Structural changes remain an option, but “not now”

06-Mar-2024 - The Bayer Group achieved its adjusted guidance for 2023. In his speech at the Financial News Conference in London on Tuesday, CEO Bill Anderson took stock of the company’s situation and looked toward the future. “We are a high-impact, mission-driven, life-science company with three strong ...

Bill Anderson fiscal year
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AkzoNobel completes capacity expansion at Vietnam multi-site

The total investment amounts to €18.5 million

06-Mar-2024 - A major investment project has been completed at AkzoNobel’s production plant in Bac Ninh province near Hanoi in Vietnam, which will help to strengthen the company’s position in Asia and sharpen its focus on more sustainable manufacturing. Five new powder coating lines have been added at the ...

investments powder coating plants
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Feathers replace petroleum

Adhesives from feathers: The project addresses a billion-dollar market

06-Mar-2024 - Adhesives are almost always based on fossil raw materials such as petroleum. Researchers at Fraunhofer have recently developed a process that allows to utilize keratin for this purpose. This highly versatile protein compound can be found, for instance, in chicken feathers. Not only can it be used ...

adhesives biopolymers circular economy +4
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Revamped plastics recycling chain

Today’s waste, tomorrow’s valuable resource

06-Mar-2024 - These days, the majority of consumable and everyday items are made from petroleum-based plastic. In Germany alone, some six million tons of plastic waste are generated every year. Approximately half of this is mechanically recycled into new materials; the rest is used for energy recovery. ...

chemical recycling circular economy digital twin +5
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OQ Chemicals Declares Force Majeure for Oberhausen Products

Disruption at Raw Material Supplier

05-Mar-2024 - OQChemicals declares Force Majeure for certain products manufactured at the Oberhausen, Germany site due to a significant disruption at a raw material supplier. On February 27, a substantial operational disruption occurred at a raw material supplier's synthesis gas unit located at the ...

2-ethylhexanoic acid 2‑Ethylhexanol butanol +18
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Feeding plants with electricity

Electrochemists develop sustainable alternative to conventional fertilizer

05-Mar-2024 - While all living beings need nitrogen in order to survive, it is not so easy to absorb it. Plants, for example, can absorb it as salts of ammonia, which makes these salts a key component of fertilizers. Up to now, ammonia has mainly been produced on the basis of fossil resources and non-renewable ...

ammonia chemical reactions electrochemical cells +5
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Flying with a clear conscience? Million-dollar deal for sustainable aviation fuels

LanzaJet announces $30 million investment from Southwest Airlines to accelerate company's growth and advance U.S. sustainable aviation fuel production

05-Mar-2024 - LanzaJet, Inc. announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet. As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn ...

biofuels ethanol fuels +2
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Faster charging with diamonds

Increasing the road performance and service life of electric cars and significantly reducing charging times

05-Mar-2024 - Diamond is known for its outstanding thermal conductivity. This makes the material ideal for cooling electronic components with high power densities, such as those used in processors, semiconductor lasers or electric vehicles. Researchers at Fraunhofer USA, an independent international affiliate ...

batteries cooling diamonds +3
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Cost of direct air carbon capture to remain higher than hoped

Three technologies and their costs

05-Mar-2024 - The cost of removing large quantities of CO2 from the air will fall in the medium term, but not as much as previously hoped. This is the conclusion reached by ETH researchers on the basis of new calculations. Efforts to reduce carbon emissions should therefore continue at pace, says the research ...

carbon capture carbon dioxide CO2 +2
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Evonik-CEO Kullmann: "The many crises around the world have put a damper on our results"

Target structure for "Evonik Tailor Made" program in place: Fewer management levels, faster decisions - Up to 2,000 jobs will be cut worldwide

05-Mar-2024 - Evonik met the 2023 forecast the company had reduced in the summer, despite a continuously challenging environment. The specialty chemicals company's adjusted EBITDA amounted to €1.66 billion, within the targeted range of between €1.6 billion and €1.8 billion. Group sales fell by 17 percent to ...

Christian Kullmann fiscal year