Air Products today announced it has received an LNG heat exchanger order from Petronas for a major LNG project in Malaysia. Air Products' SplitMR liquefaction process and technology was selected and will be supplied to the Petronas LNG Train 9 Project.
This project will produce 3.6 million tons per year (MTPY) of LNG and is an expansion of the existing Complex in Bintulu, Sarawak, Malaysia.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Carbon black manufacturer Orion Engineered Carbons plans to rationalize production lines in North and South America and EMEA.
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
