Industrial News

By a Narrow Margin, Kennedy Jr. Wins Approval! HHS The U.S. Senate Finance Committee approves Robert F. Kennedy Jr.'s nomination for HHS Secretary by a narrow margin, despite vaccine concerns. His confirmation vote now heads to the full Senate for final approval.
Oil Spill Accident at Shell Terminal NIMASA Shell An oil spill occurred at Shell's Bonny terminal in Nigeria on December 15, 2024, after a pipeline rupture. NIMASA is working with Shell to contain the spill's environmental impact. This follows a similar incident in Singapore in October 2024.
PET Depolymerization Company Sells Technology License! Loop Industries Loop Industries secures €10 million funding for PET recycling technology from Reed Société Générale Group. The investment supports a joint venture in India and development of a European Infinite Loop manufacturing plant for sustainable PET recycling.
2024 International Chemical Giants' New Nylon Products BASF Arkema Evonik Lanxess Syensqo Envalior Celanese Discover Omnix® ECHO series: Sustainable polyamide solutions with up to 98% recycled content, reducing carbon footprints by up to 56%. Ideal for diverse applications, including food contact and non-food contact materials.
Clariant EnviCat™ N2O-S Catalyst Cuts Sichuan Lutianhua CO2 Emissions by 275K Tons Clariant Clariant's EnviCat™ N2O-S catalyst helps Sichuan Lutianhua reduce annual CO2 equivalent emissions by 275,000 tons. The collaboration supports China's decarbonization efforts and sustainable industrial practices.
Kansai Paint Announces New Strategy Kansai Paint Kansai Paint unveils its 2025-2027 strategy, aiming for ¥700 billion in sales by 2027. The plan outlines regional growth, innovation, and global expansion targets in automotive, industrial, and architectural coatings.
Gilead's Q3 Performance: Pipeline Cuts and CAR-T Sales Success Financial statements Gilead Gilead released Q3 Performance: Revenue for the first three quarters of 2024 was US$21.185 billion, a year-on-year increase of 6%; total revenue for Q3 2024 was US$7.545 billion, a year-on-year increase of 5%, mainly due to sales growth of the AIDS drug Veklury and oncology and liver disease drugs.
Pepsi and Coca-Cola Sued for Plastic Bottle Recycling Fraud Pepsi Coca-Cola Plastic Pepsi and Coca-Cola face a lawsuit in California, accused of misleading consumers about the recyclability of plastic bottles and failing to disclose environmental and health risks. The case highlights concerns over plastic pollution and recycling practices.
AkzoNobel Reports Significant Profit Increase AkzoNobel Coatings Discover how AkzoNobel achieved a remarkable 30% surge in net profit during the first three quarters of 2024, despite challenges in the decorative paints sector. Learn about the company's strategic shifts, performance in industrial coatings, and plans for future growth amid market volatility.
Clariant's EnviCat® Green Catalyst Chosen for Major Green Ammonia Project in China Clariant Clariant's EnviCat® Green catalyst will be used in a key green ammonia project in China, purifying hydrogen for sustainable ammonia production, aiding the global energy transition.