Month: March 2025

LyondellBasell and Covestro announce permanent closure of PO11 unit at Maasvlakte

The Maasvlakte site, a joint venture between LYB and Covestro. MAASSVLAKTE, Netherlands, March 18, 2025 (GLOBE NEWSWIRE) — LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is […]

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Motion Ventures launches largest-ever maritime tech fund at $100M to meet the industry’s new pace of adoption

The venture firm’s landmark second fund also grows its strategic backing to more than 17 industry corporations, making it the only consortium of this size for the maritime value chain Singapore, March 18, 2025 (GLOBE NEWSWIRE) — Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or “Fund II”) the largest […]

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