Aramco (Dhahran, Saudi Arabia) and Linde Engineering (Pullach, Germany) have announced the signing of a deal to develop a new ammonia-cracking technology collaboratively. Linde Engineering and Aramco will combine their expertise and skills in industrial research and development, lower-carbon hydrogen, and ammonia-cracking technologies through their cooperation.

The ammonia cracking catalyst jointly developed by Aramco and the King Abdullah University of Science and Technology (KAUST; Thuwal, Saudi Arabia) will be assessed against other catalysts as a possible differentiator for this new technology. read more

As a result of Covid-19 outbreaks in China and a deteriorating profit margin, Foxconn Technology Group’s net income for the fourth quarter decreased by 9.9% year-over-year.

The electronics manufacturer formerly known as Hon Hai Precision Industries Co. said on Wednesday that its net profit for the quarter ending December 31 decreased to 39.98 billion New Taiwan dollars ($1.31 billion) from NT$44.40 billion during the same time a year ago. S&P Global Market Intelligence conducted a survey of analysts who predicted a figure of NT$39.78 billion. read more

Companies from coast to coast are still filing expense reports, tracking trips, and payments, looking through receipts and pursuing details using handwritten notes, spreadsheets, and email despite the arrival of modern business tools.

With the use of technology, automating invoice management may automate end-to-end operations, improve cash flow management, and provide access to Accounts Payable activities from anywhere. Organizations may utilize electronic invoice processing to increase productivity, monitor and approve bills from anywhere, and promptly transmit requests to approvers via customized processes to digitize paper invoices and standardize records with the use of technology. As per SAP Concur, 153,000 duplicate payments were avoided (weekly), 5 days average time from invoice capture to pay, $17B processed transactions monthly and 1.85M invoices handled monthly. Optimising Accounts Payable will help the firm prosper in the following ways: read more

Abu Dhabi-UAE – The Technology Innovation Institute (TII), a leading global scientific research center and the applied research arm of Abu Dhabi’s Advanced Technology Research Council (ATRC), has bolstered its generative AI credentials with the introduction of “Falcon LLM,” a 40 billion-parameter large language model (LLM). AI and Digital Science Research Center’s (AIDRC) AI Cross-Center Unit, the group responsible for constructing Noor, the world’s biggest Arabic language model, creates Falcon LLM, the 40B model that beats GPT3. One trillion tokens have been used to train the Falcon LLM 40B model. The model utilizes just 75% of the GPT-3 training compute, 40% of the Chinchilla training compute, and 80% of the PaLM-62B training compute. read more

According to the most recent assessment from NexantECA, the BioFlux® process technology for the generation of renewable fuel, which was developed by Duke Technologies and licensed by Sulzer Chemtech, has been recognized for its leading cost-effectiveness and competitiveness in the industry.
This recognition attests to Sulzer Chemtech’s important position and dedication in advancing the adoption of greener methods and renewable resources across the industry as a whole.
The independent techno-economic report titled “Biorenewable Insights – Hydrogenated Vegetable Oil (HVO)” produced by NexantECA provides an overview of the major licensed technologies for the production of fuels by hydrotreating vegetable oils. The report is titled “Biorenewable Insights – Hydrogenated Vegetable Oil (HVO)”. read more

Shanghai North Glass Automation Technologies Co., Ltd. attains national recognition as a high-tech firm.
Recently, Shanghai North Glass Automation Technology Co., Ltd. completed the national high-tech enterprise certification administered by the Department of Science and Technology, the Department of Finance, and the national tax authorities, so earning the designation “high-tech enterprise.”

It has been designated as a national high-tech enterprise, which has become a significant symbol for the qualitative determination of the technology level and product technology content of automation firms. This designation gives favorable policy assistance for North Glass Automation to benefit business tax incentives, project bidding, talent introduction, and government financing. read more