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The State Oil Company of the Azerbaijan Republic (SOCAR), state-owned Azerbaijan Investment Company (AIC), and Italy’s TechnipEnergies S.p.A. have established the Ecostar LLC joint venture to produce pyrolysis oil, SOCAR Downstream, a SOCAR oil-refining subsidiary, said. The JV is planned to produce 23,500 tonnes of products per year using Alterra pyrolysis technology.
The results back up the confidence the CEOs have in their growth prospects. Of KPMG’s life sci CEO respondents, 79% said they are confident that their companies are on a growth trajectory over the next three years, which is up 10 percentage points from last year.
Hindustan Unilever Limited (HUL) has announced plans to demerge its ice cream division into an independent listed entity. The board of directors granted in-principle approval during its meeting held on Monday, 25 November, with the final decision pending shareholder and regulatory approvals, alongside other procedural requirements.
Spratt moves into his new position on Jan. 1, 2025. He will take over for Uwe Röhrhoff, who was appointed interim CEO in September. Röhrhoff will move back to his previous role as a member of the company’s supervisory board.