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News

ThermOmegaTech expands Bucks County facility

By Melina Druga  |   July 22, 2024   |   Companies

Warminster-based ThermOmegaTech, a self-actuated thermostatic valves and actuators designer and manufacturer, recently expanded its manufacturing facility by 23,000 square feet. The facility is now...

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Gov. Shapiro signs state carbon capture bill into law

By Dave Kovaleski  |   July 22, 2024   |   Featured

Pennsylvania Gov. Josh Shapiro signed into law a bill that establishes the legal and regulatory framework for potential carbon dioxide capture, utilization, and sequestration (CCUS) in the state. S...

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Astrobotic conducting tests of lunar rover

By Melina Druga  |   July 22, 2024   |   Companies

Pittsburgh-based Astrobotic, a space technology company, will be conducting a summer-long test campaign for its VSAT Optimized for Lunar Traverse (VOLT). VOLT is a specialized lunar rover equipped ...

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Credit: Gov. Josh Shapiro's office

Independent Fiscal Office projects depletion of General Fund surplus

By Kim Riley  |   July 19, 2024   |   News

Pennsylvania’s General Fund surplus of $6.6 billion will likely be depleted before the end of the next fiscal year, according to research released July 18 by the state’s Independent Fiscal Office ...

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Falkbuilt Philadelphia celebrates two-year anniversary

By Melina Druga  |   July 19, 2024   |   Companies

Canada-based Falkbuilt, a digital component construction company, recently celebrated two years in the Philadelphia market. Falkbuilt Philadelphia was founded in 2022 and is independently owned and...

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Air Products will construct, operate new industrial facilities at two out-of-state locations

By Kim Riley  |   July 19, 2024   |   Companies

Trexlertown, Pa.-based Air Products and Chemicals Inc., an international corporation that sells gasses and chemicals for industrial use, plans to build, own, and operate new air separation units (ASUs...

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Triumph Group business awarded contact to provide auxiliary gearboxes for GE Aerospace

By Melina Druga  |   July 19, 2024   |   Companies

GE Aerospace, an aerospace propulsion, services, and systems company, recently awarded Radnor-based Triumph Group’s Geared Solutions business a contract to provide auxiliary gearboxes. "TRIUMPH i...

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Texas company purchases Highway Materials

By Melina Druga  |   July 18, 2024   |   Companies

Texas-based Heidelberg Materials North America recently announced it has entered into an agreement to purchase Philadelphia-based Highway Materials, an aggregates and asphalt producer. “The addit...

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Alcoa Corporation announces stockholder approval of Alumina Limited acquisition

By Liz Carey  |   July 18, 2024   |   Companies

Pittsburgh-based Alcoa Corporation announced Tuesday it had received stockholder approval to acquire Alumina Limited in preliminary voting. During a special meeting of its stockholders, the compan...

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Nexterus announces retirement of CEO

By Melina Druga  |   July 18, 2024   |   Companies

New Freedom-based Nexterus, a supply-chain management and third-party logistics (3PL) services provider, recently announced that Sam Polakoff, CEO and third generation owner, will retire Dec. 31 after...

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CNX Foundation develops energy industry paid internship program

By Kim Riley  |   July 17, 2024   |   Companies

The CNX Foundation, the philanthropic arm of Pittsburgh-based natural gas company CNX Resources Corp., has created a new paid internship program designed to spur student interest in the power industry...

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Annovis Bio adds to leadership team

By Melina Druga  |   July 17, 2024   |   Companies

Malvern-based Annovis Bio, a late-stage clinical drug platform company specializing in neurodegeneration diseases, recently added four members to its executive team. “We are delighted to have th...

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UGI releases environmental, social and governance report

By Melina Druga  |   July 17, 2024   |   Companies

King of Prussia-based UGI Corp., a distributor and marketer of energy products and services, recently released its 2023 environmental, social and governance (ESG) report. Highlights include meeting...

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Take-private purchase of Envestnet valued at $4.5B

By Kim Riley  |   July 16, 2024   |   Companies

Berwyn, Pa.-based software company Envestnet Inc., is on its way to becoming a privately owned company once a new multi-billion-dollar acquisition agreement by Bain Capital LP is completed. “The ...

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Legislation would address carbon capture in Pennsylvania

By Melina Druga  |   July 16, 2024   |   News

Senate Bill 831, legislation that would establish the legal and regulatory framework for potential carbon dioxide capture, utilization, and sequestration (CCUS) in Pennsylvania awaits Gov. Josh Shapir...

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Context Therapeutics purchases FDA approved antibody

By Melina Druga  |   July 16, 2024   |   Companies

Philadelphia-based Context Therapeutics, a biopharmaceutical company advancing medicines for solid tumors, recently signed an asset purchase agreement with Link Immunotherapeutics to purchase CT-95, a...

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Pennsylvania College of Technology receives $4M grant for apprenticeship programs

By Melina Druga  |   July 15, 2024   |   Investment

The U.S. Department of Labor recently awarded the Pennsylvania College of Technology a $4 million Apprenticeship Building America (ABA) program grant to expand registered apprenticeship programs. T...

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State’s permitting process reformed under newly enacted budget

By Kim Riley  |   July 15, 2024   |   Featured

Pennsylvania’s newly enacted fiscal year 2024-2025 budget includes regulatory reform efforts supported by State Sen. Kristin Phillips-Hill (R-93) that aim to cut government red tape. “This is a...

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Quaker Houghton breaks ground on Chinese facility

By Melina Druga  |   July 15, 2024   |   Companies

Conshohocken-based Quaker Houghton, an industrial process fluids company, recently broke ground on a manufacturing facility in Zhangjiagang, China. "We are thrilled to break ground on our new man...

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Pennsylvania aims to spur economy with newly enacted state budget

By Kim Riley  |   July 12, 2024   |   Featured

Pennsylvania Gov. Josh Shapiro on July 11 signed into law an almost $47.6 billion state budget for fiscal year 2024-25 that includes important measures to strengthen the state’s economy. “Penns...

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