Venator Materials announced the filing of a lawsuit against Tronox at the Delaware Superior Court. The lawsuit resulting from Tronox’s refusal to honor its contract to pay Venator a $75 million “break fee” over the divestment of the Cristal North American titanium dioxide business. Venator seeks a judgment for $75 million, plus interest in pre-and post-judgment, and legal … Read more
Archroma has officially inaugurated its new Global Competence Center for Automotive & Synthetic Dyeing in Korschenbroich, Germany. The site is part of former M. Dohmen, an international group specializing in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors, that Archroma acquired between 2014 and 2018. The inauguration ceremony, held … Read more
Chemicals manufacturer SRF Ltd has signed an agreement to sell its engineering plastics business to DSM’s Indian subsidiary DSM Pvt Ltd for $45 million. Subject to the relevant conditions, the deal is expected to close in six months, SRF said in a statement. “This marks a significant milestone for our company, as we take another … Read more
Lotte Chemical Corp said on Thursday that it expects that its U.S. ethane cracker will start commercial operations in Louisiana in May. The U.S. ethane cracker from Lotte Chemical is a joint venture with Axiall Corp, now merged with Westlake Corp. In the plant, Lotte owns 88 percent, while the rest is held by Westlake Corp. … Read more
Evonik is repositioning its business within the polyamide group for high-performance polymers. The company has started building of a new polyamide 12 (PA 12) facility and is expanding its production of transparent polyamides at Marl Chemical Park, focusing its activities on high-performance materials for attractive growth markets such as automotive, oil and gas, 3D printing … Read more
DIC Corporation announced that it has acquired mid-tier Indian resins manufacturer Ideal Chemi Plast Pvt. Ltd on April. 27, 2019. The details on the transaction were not disclosed. Ideal Chemi Plast produces and sells acrylic, alkyd, polyester and other resins for use in, among others, automotive refinish, coil and wood coatings. Ideal Chemi Plast also … Read more
Hempel announced that Lars Petersson, Executive Vice President & Chief Operating Officer in Hempel A/S, will be succeeding Henrik Andersen as CEO by 1 July 2019. Lars Petersson joined Hempel in March 2015 as Group COO. Since then, he has delivered remarkable results and been a central driver of the global transformation in Hempel as … Read more
Clariant today announced that it will be collaborating with its engineering partner, Wuxi Xiyuan, in two new projects to supply their joint formaldehyde production technology. The new contracts, awarded by Shandong Yushiju Chemical and Shandong Sunny Wealth New Materials, will grow the number of customers using the partners’ advanced technology to six in a short … Read more
Arkema to build its new world-scale plant dedicated to the manufacture of the amino 11 monomer and its flagship Rilsan polyamide 11 resins at the Jurong Island in Singapore. With this 50% increase in its global capacities announced in July 2017, the Group supports strong demand from its customers in Asia for high-performance bio-sourced solutions … Read more
DuPont announced that Raj Ratnakar has been named Chief Strategy Officer for the Specialty Products Division of DowDuPont, which is expected to become an independent company (the new DuPont) on June 1, 2019. Ratnakar’s appointment is effective May 1. He will report to Marc Doyle, chief executive officer-elect for DuPont and chief operating officer, DowDuPont … Read more
Indorama Ventures Public Company Limited announced on Friday that its indirect subsidiary Indorama Ventures Olefins LLC has achieved mechanical completion of its ethane cracker and is undergoing trial runs. Located at Westlake, LA, USA, Indorama Ventures Olefins LLC (IVOL) is a manufacturer of Ethylene from Ethane with annual capacity of 440,000 MT. IVOL has stabilized … Read more
Trinseo announced on Thursday that it has signed a definitive agreement with The Dow Chemical Company to acquire latex production facilities and related infrastructure at Rheinmunster, Germany. The transaction is expected to close in the second half of 2019, following European Union regulatory approval and customary closing conditions. Consideration for the transaction is approximately €40 … Read more
Linde announced on Thursday that it has started up a new air separation unit to supply 700 tons-per-day of gaseous nitrogen to support Samsung in Tangjeong, South Korea. This is the company’s fourth air separation plant at the facility. Linde’s nitrogen is used to cool and purge applications in Samsung’s manufacturing process. “Linde has worked … Read more
AmSty and Agilyx announce they have formed a joint venture, Regenyx LLC, to recycle post-consumer polystyrene materials back to new polystyrene products. Regenyx will utilize Agilyx’s chemical recycling process to convert used polystyrene products back to their original liquid form, styrene monomer. AmSty can then take that styrene monomer and work with its supply chain … Read more
West Australian lithium miner Alliance Mineral Assets signed a memorandum of understanding with Jiangxi Special Electric Motor Co. Ltd (Jiangte) to form a joint venture which would produce and sell the battery grade lithium hydroxide. Under the MoU, the parties have agreed to move into the downstream lithium products market within the next six to … Read more
Nouryon signed an exclusive global licensing agreement with SulNOx Group, a hydrocarbon fuel emulsification and additive specialist, to expand its offerings to customers in the fuels market. Under the agreement, Nouryon will introduce two new additives, Berol 6446 and Berol 6430, that help improve the combustion efficiency of diesel and lower-viscosity heavy fuel oil (HFO) … Read more