PPG announced plans to sell a major business unit and outlined a cost-reduction program impacting 1,800 jobs.

The agreement is for the sale of 49% of Germany’s Nordlicht offshore wind farms. 

The companies have signed a long-term power purchase agreement (PPA) for the supply of power and guarantees of origin from offshore wind turbines in the North Sea for the Covestro production site in Antwerp, Belgium.

The collaboration aims to further develop the conversion of green hydrogen and CO₂ into e-methanol through an advanced, dynamic process design.

The high double-digit million euro agreement is the basis for all future business relationships that exist between the two companies in many different areas, enabling much faster and easier collaboration.

During the discussions, Covestro’s Board of Management will address the safeguarding of the further implementation of its future- and sustainability-oriented corporate strategy, including corresponding corporate governance provisions. 

With an agreement with NRG Energy boosts the company’s progress toward 2030 emission reduction targets.

Reverdia has signed a non-assert agreement concerning its Biosuccinium™ technology with BioAmber Inc.

Accessa Coatings Solutions is now serving Chicago-area customers whose businesses rely on high-quality coatings.