Business Roundup

OCI Global has completed the sale of its clean ammonia project in Beaumont, Texas, to Woodside Energy for $2.4 billion. OCI will complete the project, which will have the capacity to make 1.1 million metric tons of ammonia per year, in 2026. Avantium has been awarded a $4 million grant from Horizon Europe for an R&D project to convert carbon dioxide into formic acid. The Amsterdam-based firm is working on a technology to turn CO 2 into chemicals in an electrochemical process.  Indorama Ventures is transferring polyester filament yarn production from Germany to Italy. The company says it has texturizing and dyeing expertise at its Italian sites, which are near Milan. Next Wave Energy Partners , which earlier this year started up an ethylene- to-alkylate plant in Texas, has successfully tested a production route to renewable alkylate. Next Wave worked with Lummus Technology to use a combination of technologies