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Related Industrial Gases Industry News

• July 2022: Air Products and VPI (a power generator company) signed a joint development agreement for driving the 'Humber Hydrogen Hub' or 'H3', which seeks to develop an 800 MW low-carbon hydrogen production facility in Immingham, United Kingdom.
• June 2022: BASF and Shell evaluated and de-risked BASF's Puristar R0-20 and Sorbead Adsorption Technology for green hydrogen production. The two technologies will purify and dehydrate the product hydrogen stream from the water electrolysis process that can be used for liquefaction and transportation.
• June 2022: Equinor and SSE Thermal jointly acquired Triton Power by purchasing the company from Energy Capital Partners (ECP) to contribute to decarbonization in the United Kingdom. The purchase includes the Saltend Power Station, a conventional combined cycle gas turbine (CCGT) plant that uses natural gas as feedstock with an installed capacity of 1.2 GW. Equinor and SSE Thermal are preparing the plant to use up to 30% hydrogen from 2027, with an ambition of 100% hydrogen operation.

• July 2022: Helios Specialty Gases and Iwatani Corporation signed an agreement involving Iwatani, supplying liquid helium to Helious’s transfer facilities in Gujarat, Telangana, and Rajasthan.
• April 2022: Linde signed a long-term helium off-take agreement with Freeport LNG to recover the helium contained in Freeport LNG’s production site in Texas. Linde is expected to construct a new helium processing plant in Freeport to purify and liquefy the recovered helium. The project is anticipated to start in 2024 and provide nearly 200 million cubic feet of helium into Linde's supply portfolio.

• In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
• In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.

• May 2023: Thai Acrylic Fibre Co. Ltd, part of Aditya Birla Group, launched a new variant of Regel fiber with 75% recycled content.
• January 2023: Romania's RIFIL Group introduced a new range of environment-friendly yarns branded as Infinity. These yarns are made from Thai Acrylic Fibre's recycled acrylic fiber, Regel.

• April 2024: AD Ports Group, a key player in global trade, logistics, and industry, revealed that its Ports Cluster was broadening its scope to include the worldwide distribution of marine lubricants. This move follows a strategic partnership formed with ADNOC Distribution, the foremost manufacturer of marine and automotive lubricants in the United Arab Emirates. As per the agreement, Ports Cluster will utilize its established connections and state-of-the-art infrastructure to distribute globally recognized lubricants to customers in the United Arab Emirates. It plans to widen this distribution network globally.
• March 2023: Castrol unveiled its latest offering: the marine cylinder oil, Castrol Cyltech 40 XDC (eXtra Deposit Control). This new oil is designed for LNG and methanol-fueled vessels but is equally compatible with ships utilizing traditional marine fuels. The introduction of Castrol Cyltech 40 XDC underscores Castrol's dedication to aiding the marine sector's shift toward cleaner fuels and advanced engine technologies while guaranteeing optimal engine performance and reliability.
• February 2023: Luberef, a subsidiary of Saudi Aramco, revealed plans to expand its base oil plant in Yanbu' al Bahr, Saudi Arabia, boosting its capacity by 230,000 metric tons annually. The project will upgrade the facility, allowing it to produce API Group III base stocks. The expansion will elevate the Yanbu plant to a size nearly matching that of the Pearl gas-to-liquids joint venture, the largest base oil plant in the Middle East.

• June 2023: Saint-Gobain signed an agreement to acquire cement board producer Hume Cemboard Industries. Through this acquisition, the company strengthened its lightweight product offering in Malaysia.
• February 2023: Everest Industries Limited intends to invest USD 22.5 million to establish a manufacturing unit on a 20-acre site in the Badanaguppe Kellambali KIADB layout of Chamarajanagar, Karnataka, India. The new facility aims to produce 72,000 metric tons (MT) of fiber cement board and 19,000 MT of Rapicon wall panels. This state-of-the-art, highly automated plant is projected to generate approximately 127 job opportunities.

• March 2023: Universal Matter UK Limited, a wholly-owned subsidiary of Universal Matter Inc., announced the acquisition of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the principal operating subsidiaries of Applied Graphene Materials PLC. Through the acquisition, the company has strengthened its market presence.
• February 2023: Global Graphene Group announced that Honeycomb Battery Company, an advanced battery technology subsidiary of Global Graphene Group Inc., signed a business combination agreement with Nubia Brand International Corp. to develop battery materials. Honeycomb Battery Company is expected to use graphene produced by the Global Graphene Group.
• August 2022: Universal Matter entered a three-year collaborative innovation agreement with the ChemQuest Technology Institute. Through the agreement, the company has strengthened its growth and validation of Universal Matter’s graphene technology based on sustainable feedstocks.

• Jan 2024: Shell plc's subsidiary, Shell Lubricants, completes the acquisition of the United Kingdom-based MIDEL and MIVOLT from Manchester-based M&I Materials Ltd. It is to manufacture, distribute, and market the MIDEL and MIVOLT product lines as part of Shell’s global lubricants portfolio.
• Oct 2023: Hindustan Petroleum Corporation Limited (HPCL) and Chevron Brands International LLC, a subsidiary of Chevron Corporation, entered into a long-term agreement encompassing the licensing, production, distribution, and marketing of Chevron’s lubricant products under the Caltex brand. It includes Chevron’s proprietary Havoline and Delo branded lubricant products in India.
• Sep 2023: ENSO Oils & Lubricants partnered with Gazpromneft-Lubricants, a subsidiary of Gazprom Neft PJSC, to expand the distribution of lubricant assets in South Asia. ENSO will import and distribute Gazpromneft-Lubricants' range of oils and lubricants to meet the needs of various industries in India.

• July 2024: AMSOIL acquired Aerospace Lubricants, an Ohio-based firm renowned for its specialized grease design and manufacturing. This acquisition is set to bolster operational capabilities and capacities. With Aerospace's operational prowess and grease specialization, both Aerospace and AMSOIL customers stand to gain substantial added value.
• May 2024: FUCHS Group officially opened its High-Performance Grease Plant (HPGP) in Yingkou, China. The HPGP underscores FUCHS Group's strong dedication to both the Chinese and broader Asia-Pacific markets. It aims to cater to the surging demand for grease products in the region, even in the face of global economic challenges. The plant boasts the capability to produce a comprehensive range of soap-based grease products, catering to diverse sectors such as new energy vehicles, wind power, semiconductors, aerospace, and robotics.
• June 2023: FUCHS Lubricants Co. launched RENOLIT CSX AWE 0, a calcium sulfonate complex grease tailored for truck trailer axle hubs. Formulated with sustainable, lithium-free technology, this grease provides OEMs and fleets with a stable, long-term solution at a consistent price point. In addition, RENOLIT CSX AWE 0 ensures seamless integration, being compatible with legacy axle-bearing greases for straightforward replacement.
• March 2022: Axel Christiernsson International AB launched AXELLENCE 752 EPEF, an environmentally acceptable lubricant that received EU Ecolabel approval for accidental and partial loss applications. This is the first lithium complex grease to attain such certification.

• April 2024: Axalta Building Products, a division of the globally renowned Axalta Coating Systems, unveiled its innovative Zenamel range of wood coating solutions tailored for cabinet manufacturers. With this launch, Axalta Building Products seeks to empower its wood finishing industry clients to create top-tier, sustainable, eco-friendly products that align with tightening regulatory standards and evolving consumer preferences.
• April 2023: Benjamin Moore & Co. unveiled Element Guard, a new exterior paint tailored for diverse substrates, wood included. With the launch of Element Guard, Benjamin Moore & Co. seeks to empower painting professionals, ensuring its exterior projects endure the elements and satisfy client expectations.
• January 2023: Asian Paints planned to invest in a new manufacturing facility dedicated to water-borne paints, boasting an annual capacity of 4 lakh kl. This facility will also produce water-borne wood coatings, with operations slated to begin in 2026. Through this expansion, Asian Paints seeks to bolster its production capacity, aligning with the projected surge in demand for water-borne wood coatings in India.
• December 2022: Sherwin-Williams Company announced the successful completion of its acquisition of the ICA Group. By acquiring the ICA Group, Sherwin-Williams aimed to create a more diversified and competitive wood coatings company with a stronger presence in the European market and a broader range of products and technologies to offer its customers.