While Eastman Chemical (EMN) faces headwinds from weak demand and inventory de-stocking, it benefits from cost management and pricing actions and innovation.
The agreement allows Air Liquide (AIQUY) to capitalize on its existing pipeline infrastructure to promote the development of low-carbon hydrogen.
Per the deal, Enerflex's engineering, manufacturing and integration experience in gas processing and compression systems will be combined with BASF's (BASFY) OASE blue technology for CO2 capture.