SK IE Technology Co., (SK IET), a material business arm of SK Innovation Co. is implementing nearly $1 billion capex to add two additional EV-focused battery separator plants in Poland to boast unrivaled economies of scale before it goes public later this year. SK Innovation said on Sunday that it is investing total 1.13 trillion … Read more
Celanese Corporation announced that its Clear Lake, Texas integrated chemical manufacturing facility will begin utilizing recycled carbon dioxide (CO2) as an alternative feedstock in the production of methanol. Methanol is a key raw material in the manufacture of numerous acetyls products, including acetic acid, vinyl acetate monomer (VAM), ethyl acetate and other derivatives. This carbon … Read more
BASF, the German chemicals producer, pledged on Friday to spend up to €4 billion ($4.7 billion) significantly raising its medium-term 2030 target for reductions in greenhouse gas emissions. BASF wants to reduce its greenhouse gas emissions worldwide by 25% compared with 2018 – and to achieve this despite targeted growth and the construction of a … Read more
Plastic Energy is collaborating with ExxonMobil Corp. on an advanced recycling project in France that will convert post-consumer plastic waste into raw materials for the manufacturing of virgin-quality polymers. Based on current plans, the project is expected to be one of the largest advanced recycling plants in Europe, with an initial capacity of 25,000 tons … Read more
The Chemours Company, a global chemistry and advanced materials company, announced Monday afternoon that it will explore the sale of its mining solutions division in order to refocus its business and boost share value. Chemours’ has initiated a strategic review to assess the potential sale, the first step for corporations looking to sell off parts … Read more
Air Liquide has announced a number of objectives in line with its growth trajectory, including firm targets to reduce its absolute CO2 emissions by 2025 and invest €8.0 billion ($9.5 billion) in the hydrogen supply chain to ACT for a Sustainable future. The company is aiming to accelerate its hydrogen developments to at least triple its … Read more
Honeywell International, Inc. announced that Lotte GS Chemical Corp. will use Honeywell UOP Q-Max, Phenol 3G, and Evonik MSHP technologies to produce more than 565,000 metric tons per year of phenol and acetone at its petrochemicals facility in Yeosu, Korea. UOP is providing a license for the technology, in addition to basic engineering design services, … Read more
PTT Global Chemical Public Company Limited’s (GC) Chief Executive Officer, Dr. Kongkrapan Intarajang, has informed the Stock Exchange of Thailand (SET) on GC’s proposed acquisition of minority shares of Vinythai Public Company Limited (VNT) through a delisting tender offer. Through this acquisition, GC aims to strengthen its tie with downstream chemicals business that is essential … Read more
AQM Capital LLC (Aquamarine) is developing a large-scale green hydrogen and ammonia facility to be constructed in multiple stages in northern Germany. In the first stage of the project, the proposed facility will use Haldor Topsoe A/S’s proprietary solid oxide electrolyzer cells (SOEC) to produce green hydrogen from 100 MW of renewable electricity. The H2 … Read more
The US International Trade Commission (USITC) is looking into claims that granular polytetrafluoroethylene (PTFE) imports from India and Russia are being sold in the US for less than fair value, that they are subsidized by the Indian and Russian governments, and that they are harming US producers. “The USITC determined that there is a reasonable … Read more
Axalta announced that it has acquired Anhui Shengran Insulating Materials Co., Ltd., a leading Chinese producer of high-quality wire enamels used in a wide range of consumer electronics, electric vehicle, and industrial applications. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions. Financial terms have not been … Read more
SK Global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK Global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid (EAA), a high-end eco-friendly material used … Read more
DuPont announced that it would acquire Laird Performance Materials for $2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. The deal is one of several recent investments by chemical makers seeking to tap into growth in the electronics industry. Laird makes chemicals and materials that … Read more
Clariant AG and India Glycols Limited (IGL), a leading company in the manufacturing of green technology-based chemicals, announced a strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide (EO) derivatives. Under the terms of the proposed agreement, India Glycols will contribute its renewable Bio-EO Derivative business to the joint venture, which includes … Read more
Indian Oil Corporation Limited (IOCL) entered into a Memorandum of Understanding (MOU) with Odisha Industrial Infrastructure Development Corporation (IDCO) to develop Paradip Plastic Park. Under the MoU, to attract investments in downstream polymer industries at Paradip Plastic Park, IOCL announced a Special Strategic Incentives scheme. An incentive of Rs 2000/MT ($27.48/MT) on Polypropylene granules from … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials, a division of J.M. Huber Corporation. “Huber is an important supplier partner for IMCD and we are delighted to reach an agreement on the … Read more
Maroon Group LLC, a US-based chemicals distributor has acquired the raw materials and speciality chemicals distribution business of the Cary Company, a supplier to the paint, coatings, adhesives and plastics markets. Barentz said that the deal with the Cary Company fits with its strategy to support customers and principal suppliers in North America. Financial details … Read more
Hyundai Heavy Industries Holdings (HHIH) has signed a memorandum of understanding with Saudi Aramco on blue hydrogen and ammonia projects, Yonhap News Agency reported on March 4. As per the MOU, Hyundai Oilbank, the oil refinery unit of HHIH, will import LPG from Aramco to convert into blue hydrogen, which is hydrogen produced from fossil … Read more
Dow, Inc. signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub. Dow South China Specialties Hub is a multi-year project providing customers local access to Dow’s portfolio of high value products and innovative technologies. “Asia Pacific is the … Read more
Casale Technology announced that IFFCO (Indian Farmers Fertiliser Cooperative Limited) opted for Casale’s Solid Fertilizers technologies and expertise to debottleneck its two lines in Kandla, Gujarat. Under the term the agreement that was awarded early this year, Casale will study the modifications required to boost the output by 15% to25%, depending on the fertilizer grade … Read more