MOL laid the foundation stone for the Tiszaújváros polyol plant on Friday. The plant is expected to be commissioned in 2021. MOL will invest EUR 1.2 billion ($1.3 billion) to construct the plant which will be able to produce around 200,000 tons of polyols per year. Zsolt Hernádi, Chairman and CEO of MOL Group, Dr. … Read more
Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company. With this transaction, which has approximately €70 million ($86 million) impact on the net debt, the Group will support the growth of its customers in … Read more
BASF enters the market for natural F&F ingredients by acquiring Isobionics, an innovation leader in biotechnology which is serving the global market for natural flavors and fragrances (F&F), and through a cooperation agreement with Conagen, a leader in biotechnology research. Being known as a leading supplier of synthetic aroma ingredients, the company now broadens its … Read more
Dow announces the commercialization of a plastics offering for the packaging industry made from bio-based renewable feedstock in partnership with UPM Biofuels, a producer of advanced biofuels. Dow is incorporating renewable wood-based UPM BioVerno naphtha – a key feedstock used for plastics development – into its raw material slate, creating an alternative source for plastics … Read more
Solvay is expanding its thermoplastic composites capacity with a new production line at its U.S. facility in Anaheim, California, underscoring its commitment to meeting strong demand growth from aerospace customers for this high performance material and Solvay’s proprietary and unique technology. Solvay will have multiplied its qualified capacity by four since 2016 with the commissioning … Read more
DuPont Safety & Construction (DuPont) today announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH. The transaction, including the business’ international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF SE., is expected to close by the end of … Read more
A major fire broke out at the naphtha cracker unit of the Haldia Petrochemicals Limited here on Friday injuring 15 people, reported Business Today with reference to a senior police officer’s statement. The fire broke out when a naphtha pipe line exploded during repair at the naphtha cracker unit. The fire was brought under control … Read more
Polynt-Reichhold Group, a global leader in composite materials, intermediate chemicals, coating resins, thermosetting composites, gel coats, and niche chemical specialties, announced its decision to expand the successful integrated business model it employs in Europe and Asia to its operations in the Americas by investing in local production of Maleic and Phthalic Anhydride intermediates. Rosario Valido, … Read more
ExxonMobil said Tuesday that it is investing £140 million ($174.7 million) to upgrade infrastructure and add new technologies to its ethylene plant in Mossmorran, Fife, Scotland to boost the performance and reliability of the site. “These planned investments demonstrate our commitment to long-term reliable operations at the site,” Jacob McAlister, plant manager of the Fife … Read more
Materials manufacturer Covestro has signed an agreement with Serafin Group for the sale of Covestro’s European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, central management operations and sales support in Europe. The business generates total revenues of around EUR 130 million ($144 million). Polycarbonate sheets are highly break-resistant and are mostly … Read more
SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production. The MoU was signed at the meeting between the Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang in St Petersburg. … Read more
The Chemours Company (Chemours), a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, received the 2019 SCI Gordon E. Moore Medal for leading a team that developed Teflon EcoElite, a non-fluorinated, renewably sourced durable repellent for use in the consumer textile market. The development of Teflon EcoElite finish is … Read more
Saudi Aramco emergency crews contained fires at its plants in Abqaiq and Khurais, as a result of terrorist attacks with projectiles, according to a media release from the company. These attacks resulted in production suspension of 5.7 million barrels of crude oil per day. After visiting the incident locations, Amin H Nasser, Saudi Aramco president … Read more
Petronas Chemicals Group (PCG) has completed the acquisition of Da Vinci Group BV after fulfilling the conditions required in the share purchase agreement to complete the acquisition of 100% of the share in Da Vinci. PCG has agreed earlier this year to buy the Dutch specialty chemicals firm for a reported €163m (US$182m). In a … Read more
The Sarawak Petchem Sdn Bhd-owned methanol plant project’s ground breaking ceremony was held on Wednesday. The project is estimated to cost over RM 8 billion ($2 billion). The plant, which will have a production capacity of about 1.7 million tonnes per annum, will receive 160 million standard cubic feet per day of natural gas feedstock … Read more
DuPont Electronics & Imaging (E&I) has signed an agreement with SK Siltron to sell its Compound Semiconductor Solutions (CSS) business, which makes materials for electric motors. The $450 million sale to SK Siltron, based in South Korea, is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction … Read more
MEGlobal America, a subsidiary of Kuwait-based petrochemicals producer Equate Group, has inaugurated the new Oyster Creek ethylene glycol plant in Oyster Creek, Texas. The Oyster Creek ethylene glycol plant has a capacity of 750,000 metric tons per annum. The plant will produce monoethylene and diethylene glycol products by capitalizing on US shale gas. Monoethylene and … Read more
Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd., to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park, Lianyungang City, Jiangsu Province, China. Air Products will own 80 percent of the JV, and Debang Group will own 20 percent. The JV will own and operate … Read more
Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the Asia Pacific region, and is gaining additional silicone technology plus a production footprint. Crevo-Hengxin generates … Read more
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world announced it has signed a Memorandum of Understanding (MoU) to expand in China through a Joint Venture (JV) with the Liaoning Bora Enterprise Group (Bora). “China is the largest, fastest growing market in the world for our core products,” said Bob Patel, … Read more