Clariant and Huntsman Corporation last Monday announced that their Boards of Directors unanimously approved a definitive agreement to combine in a merger of equals. The merged company will be named HuntsmanClariant.

DHL Supply Chain's Lead Logistics Provider team in the United Kingdom will develop the supply chain ecosystem for NEXCEL, connecting top manufacturers, third-party logistics providers, NEXCEL customers and the NEXCEL business systems to support the launch and sell-off of the new product.

Hydrodec announced that revenues for the year ended December 31, 2016, arising from the continuing core re-refining business, increased by over 100% to US$16.8 million from US$8.2 million in 2015, reflecting the full recommissioning of the Canton plant and ongoing refinements to operating.

Toyota Motor, Nissan Motor, Honda Motor, JXTG Nippon Oil & Energy, Idemitsu Kosan Co, Iwatani Corporation, Tokyo Gas Co, Toho Gas Co., Air Liquide Japan, Toyota Tsusho Corporation and Development Bank of Japan have signed a memorandum of understanding on collaboration toward the large-scale construction of hydrogen stations for fuel cell vehicles (FCVs).

China’s Zhejiang Geely Holding Group announced that it has reached an agreement with DRB-HICOM Bhd to purchase a 49.9% stake in Malaysia’s national carmaker Proton. The agreement with Geely is expected to be signed in July. Geely, the parent company of Hong Kong-based Geely Automobile Holdings Ltd. and Sweden’s Volvo Car Group, also includes the sale of Proton’s 51% equity interest in British automaker Lotus Advance Technologies Sdn Bhd.

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