Dow and Evonik have entered into an exclusive technology partnership. Together, they plan to bring a unique method for directly synthesizing propylene glycol (PG) from propylene and hydrogen peroxide to market maturity. The basis for the method, named HYPROSYN, has been created over the last few years by a team of over 100 Evonik employees. … Read more
Air Products has confirmed that it is in final negotiations to form a joint venture with Saudi Aramco, ACWA Power and Air Products Qudra to acquire the gasification, power and industrial gas assets at Jazan Economic City, representing a total investment value of about $11.5 billion. Air Products’ confirmation follows an announcement made on Tuesday … Read more
Dow (The Dow Chemical Company) announced its plan to invest in an alkoxylation facility on the U.S. Gulf Coast. Upon completion, this new facility will support global growth in Dow’s core end-markets related to infrastructure and home and personal care, as well as additional end-markets where Dow continues to strengthen its position for the TRITON, … Read more
Gabriel Performance Products, a U.S.-based leading specialty chemicals company serving the coatings, adhesives, and composite end markets, announces the acquisition of a select portfolio of alkyd resins from Deltech Resin Company. Gabriel has purchased a subset of Deltech’s alkyd resin product line. Gabriel will produce these products in its Harrison City, PA facility, home of … Read more
Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020. The cathode materials will be supplied from Umicore plants in different regions with the majority of volumes initially produced in Korea. A vast portion of … Read more
Solvay has opened two innovation centers dedicated to thermoplastic composites in the United States and Belgium, reinforcing its research and innovation (R&I) capabilities and engagement with customers, in high performance materials for the aerospace, automotive and oil & gas markets. The opening of both centers follows Solvay’s creation in April of its thermoplastic composites platform … Read more
LyondellBasell announced that Ulsan PP Co., Ltd., a joint venture between PolyMirae Company Ltd, a 50-50 partnership of LyondellBasell and Daelim, and SK Advanced broke ground in the southeastern port city of Ulsan, South Korea. This new plant will utilize LyondellBasell’s world leading fifth generation Spheripol technology and is expected to begin production in May … Read more
INEOS Olefins & Polymers Europe has announced a range of Bio-Attributed Olefins and Polyolefins, based on renewable bio based raw materials that do not compete with food production. Products will be supplied from the INEOS Koln site, Germany, later this year. The company stated that bio-attribution measures the extent to which fossil fuel-derived feedstocks have … Read more
BP and China’s Zhejiang Petroleum and Chemical Corporation (ZPCC) have signed a memorandum of understanding (MOU) to explore the creation of a new equally-owned joint venture to build and operate a 1 million tonne per annum (tpa) acetic acid plant in eastern China. A proposed plant in Zhoushan, Zhejiang Province would produce acetic acid – … Read more
Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding (MoU) to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of BASF’s and Adani’s investment plans as … Read more
Solvay has started the operation of its new Veradel PESU (polyethersulfone) line at its plant in Panoli, India. Solvay is raising capacity to address significant demand mainly from the Healthcare and Water Treatment industries, for this high-performance thermoplastic material. This capacity increase is a part of Solvay’s plan, announced in 2017, to raise sulfone polymers … Read more
Sabic (Saudi Basic Industries Corporation) signed a preliminary agreement with the state-controlled Russian Direct Investment Fund and Moscow-based ESN Group for a potential investment in a methanol plant in the Russian Far East, as the Middle East’s biggest petrochemicals producer looks to expand its international footprint. The agreement, part of a broad range of pacts … Read more
Arkema announces the proposed divestment of its Functional Polyolefins business to SK Global Chemical, a major chemicals player in South Korea and a subsidiary of SK, the large South-Korean corporation. With this project, Arkema continues its shift towards specialty chemicals and advanced materials. Part of the PMMA Business Unit (Industrial Specialties division), the Functional Polyolefins … Read more
AMG, Advanced Metallurgical Group N.V. and Shell Catalysts & Technologies have signed an agreement to form a joint venture which will be called Shell & AMG Recycling B.V. The joint venture will provide a long-term sustainable solution for catalyst reclamation and recycling. Dr. Heinz C. Schimmelbusch, Chairman & Chief Executive Officer of AMG, said “AMG … Read more
Brenntag, the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Quimisa SA including its logistics subsidiary Quimilog. German Torres, Chief Executive Officer of Brenntag Latin America: “For Brenntag, the acquisition of Quimisa is an attractive investment with a strong infrastructure which will allow us to increase our market position … Read more
INEOS Styrolution, the global leader in styrenics, introduced its first ABS (acrylonitrile butadiene styrene) grades with mechanically recycled content, making them the first products of the newly launched ECO family. The new Terluran ECO GP-22 grade is the first contribution from INEOS Styrolution to meet INEOS’ pledge to incorporate at least 325kt/year of recycled materials … Read more
Arkema brought on stream a new production line for ultra-high performance polyamide 12 powders at the Mont plant in France. The new line increases the company’s global capacity for the Orgasol-branded products by over 50%, Arkema announced on 8 Oct, without giving detailed figures. The new capacity will serve the fast-growing niche industrial applications, in … Read more
Merck KGaA, Darmstadt, Germany, announced on Monday that it has completed the announced transaction with Versum Materials, Inc., a leading materials supplier to the semiconductor industry. Merck expects Versum to contribute around 270 million euros ($296.76 million) to group revenues by the end of the year. In April, Merck sealed a $6.5 billion takeover deal … Read more
Clariant AG is in talks to sell its masterbatch unit to U.S. specialty materials maker PolyOne Corp., according to a report by Bloomberg. Clariant has been seeking about $1.5 billion for its Masterbatches business, which makes colorants and optical brighteners for polymers, according to the report. While discussions with PolyOne are the most advanced, the … Read more
DuPont announced it has signed an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “Our strategic intent for the Water Solutions business is to have a robust … Read more