Kemira has acquired certain assets of Soto Industries, LLC, a privately owned company, headquartered in Charlotte, North Carolina.
Soto specializes in the application of scale control products, defoamers, and settling agents for the pulp and paper industry. Kemira is a leading chemicals supplier serving the global pulp and paper industry.
“The Soto Industries, LLC acquisition is another example of Kemira’s dedication to the pulp and paper industry as well as Kemira’s commitment to execute our global growth strategy via continued investment into our Paper segment,” says Billy Ford, Senior Vice President, Paper segment, Americas.
The transaction does not have material impact on Kemira’s financial figures and the parties have agreed not to disclose the transaction price.
Source: Kemira
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?
