Industrial Gas News

Recent industry report about Industrial Gas company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Industrial Gas Market industry experts.

Industrial Gas News

  • April 2023: Nippon Gases Operations, a division of Nippon Gases Italia, announced the signing of an agreement with Enel Green Power Italia to construct a new plant for the reuse, purification, and liquefaction of CO2, naturally present in the geothermal fluids of the Piancastagnaio power plants in the province of Siena for food purposes. The significant investment is part of a series of operations planned by the company in Italy to improve production capacity, competitiveness, and customer closeness, emphasizing long-term growth.
  • January 2023: Iwatani Corporation of America, a wholly owned subsidiary of Iwatani Corporation, announced the acquisition of a leading manufacturer and distributor of bulk liquid industrial gases, Aspen Air US, LLC. The acquisition marks the entrance into the United States Industrial Gases sector and illustrates the expansion focus for this business segment.
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  • January 2024: Equinor and Linde signed an agreement to construct the H2M Eemshaven low-carbon hydrogen project in the Netherlands.
  • November 2023: Air Products announced Europe’s largest blue hydrogen plant in Rotterdam, the Netherlands. The plant is expected to go online by 2026 and will serve ExxonMobil’s (Esso) Rotterdam refinery and other customers.
  • 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.
  • 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.
  • January 2024: Equinor and Linde signed an agreement to construct the H2M Eemshaven low-carbon hydrogen project in the Netherlands.
  • November 2023: Air Products announced Europe’s largest blue hydrogen plant in Rotterdam, the Netherlands. The plant is expected to go online by 2026 and will serve ExxonMobil’s (Esso) Rotterdam refinery and other customers.
  • 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.
  • January 2024: Automotive Glass Experts (AGE) announced a strategic supplier agreement with Johnson Window Films to enhance its offerings and provide a comprehensive range of window film applications as a complementary service in its workstations.
  • August 2023: AP Corporation gained one of the only 3M window film dealers in the greater Miami area by acquiring window tinting company Solar Tint Inc. to serve businesses, homeowners, and vehicle owners from three locations in Maryland, North Carolina, and Florida.
  • February 2023: Eastman Chemical Company acquired Ai-Red Technology (Dalian) Co. Ltd, a manufacturer and supplier of paint protection and window film for auto and architectural markets in Asia-Pacific. This acquisition demonstrates Eastman's commitment to driving growth in performance films and the paint protection and window film markets. The investment further strengthens the company's ability to deliver consistent, superior value as a specialty materials company and expands the service level in China and Asia-Pacific. This site will align with Eastman's performance film operations and its high standard of quality supply into the market.
  • April 2022: China Baowu Steel Group announced the acquisition of Xinyu Iron & Steel Co. (XISCO), a state-owned steel manufacturer in Jiangxi province, China, with the transfer of 51% of the shares enhancing Baowu's overall steel production capacity as XISCO is the largest steel manufacturer in Jiangxi Province, with a total output of around 9.89 million tons in 2020.
  • January 2022: Tata Steel Ltd's crude steel production increased by 16% Y-o-Y to 14.16 million tons at the end of the third quarter on December 31, 2021. Its total deliveries increased by 4% at 13 MT Y-o-Y on the back of continued economic recovery.
  • January 2022: MariMed Inc. signed a definitive agreement to acquire Green Growth Group Inc., holder of a provisional Cannabis Craft License in Illinois.
  • January 2022: MariMed Inc. entered a definitive agreement to acquire Kind Therapeutics USA LLC, a leading vertically integrated cannabis business in Maryland.
  • February 2024: Evonik Industries AG launched its INFINAM FR 4100 L 3D printing resin, designed for use with digital light processing (DLP) 3D printing technology. This resin is used to manufacture touch, pliable, and flame-retardant parts.
  • February 2024: Solvay spun off its specialty business to an independent company, Syensqo. All 3D printing-related activities of Solvay are projected to be integrated into and ultimately become Syensqo businesses.
  • October 2023: Evonik Industries AG introduced a new carbon fiber reinforced PEEK filament that can be processed in common extrusion-based 3D printing technologies, such as fused filament fabrication (FFF), and is suitable for use in long-term 3D-printed medical implants.
  • June 2023: Mitsubishi Chemical Corporation announced its distribution collaboration with FormFutura to make the company an official distribution partner for Mitsubishi Chemical’s portfolio of 3D printing filaments.
  • January 2023: UBE Corporation announced the expansion of its polyimide hollow fiber production facilities at its UBE Chemical Factory and gas separation membrane module production facilities at its Sakai Factory to meet the rapidly increasing demand for gas separation chambers, especially CO2 separation membranes. The two new facilities, which will increase the production capacity by around 1.8 times, are planned to go into operation in the first half of FY 2025.
  • January 2022: Toray Industries Inc. developed a polymeric separation membrane module for selective or efficient hydrogen removal from mixtures of gases that contain hydrogen. The CO2 emissions of hydrogen treatment processes and the number of modules needed are more than halved with this new module.
  • 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.

Industrial Gases Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029) (2024 - 2029)