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Covestro Sells European Systems Houses Business to HIG Capital

Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands, Denmark, Spain, Germany and further businesses in Italy. With approximately 250 employees, the business generates a annual sales … Read moreCovestro Sells European Systems Houses Business to HIG Capital

Sibur Closes Sale of Petchem Units Based in Togliatti, Russia to Tatneft

SIBUR and Tatneft have closed the sale and purchase of certain production and other assets that to date have been registered in the name of Sibur Togliatti and Togliattisintez legal entities. After the deal, Tatneft intends to further develop the acquired assets in line with its gas and petrochemical strategy, while SIBUR will concentrate efforts … Read moreSibur Closes Sale of Petchem Units Based in Togliatti, Russia to Tatneft

Evonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

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 moreEvonik, Dow Develop Industrial-scale Direct Synthesis of PG from Propylene

Air Products to form $11.5bn JV

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 moreAir Products to form $11.5bn JV

Dow to Invest in Flexible Alkoxylation Facility on U.S. Gulf Coast

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 moreDow to Invest in Flexible Alkoxylation Facility on U.S. Gulf Coast

Gabriel Performance Acquires Alkyd Resins Product Line from Deltech

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 moreGabriel Performance Acquires Alkyd Resins Product Line from Deltech

Umicore Announces Cathode Materials Supply Deal with Samsung SDI

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 moreUmicore Announces Cathode Materials Supply Deal with Samsung SDI

Solvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

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 moreSolvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

Ulsan PP Breaks Ground on New Polypropylene Plant in South Korea

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 moreUlsan PP Breaks Ground on New Polypropylene Plant in South Korea

Ineos Announces Range of Bio-attributed Olefins and Polyolefins

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 moreIneos Announces Range of Bio-attributed Olefins and Polyolefins

BP Signs MoU with ZPCC to Build 1 MMt Acetic Acid Plant in China

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 moreBP Signs MoU with ZPCC to Build 1 MMt Acetic Acid Plant in China

BASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

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 moreBASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

Solvay’s New Polyethersulfone Unit in India Comes On-stream

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 moreSolvay’s New Polyethersulfone Unit in India Comes On-stream

Sabic to Invest in Methanol Plant in Russian Far East

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 moreSabic to Invest in Methanol Plant in Russian Far East

Arkema to Sell Functional Polyolefins Business to SK Global

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 moreArkema to Sell Functional Polyolefins Business to SK Global

AMG, Shell Catalysts & Tech form Catalyst Recycling JV

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 moreAMG, Shell Catalysts & Tech form Catalyst Recycling JV

Brenntag to Acquire Brazilian Chemical Distributor Quimisa

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 moreBrenntag to Acquire Brazilian Chemical Distributor Quimisa

INEOS Styrolution Introduces ABS Grades with Post-Consumer Recycled Material

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 moreINEOS Styrolution Introduces ABS Grades with Post-Consumer Recycled Material

Arkema Expands Specialty Polyamide Powders Capacity in France

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 moreArkema Expands Specialty Polyamide Powders Capacity in France

Merck KGaA Completes Acquisition of Versum Materials

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 moreMerck KGaA Completes Acquisition of Versum Materials