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Sumitomo Chemical Invests in Conagen, Completes Acquisition of Subsidiaries of Nufarm

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Sumitomo Chemical announced on 2nd April that it invested $30 million in Conagen, a U.S. biotechnology company. The company has conducted joint research with Conagen since 2018 on the biosynthesis of existing chemicals. The fresh investment will further promote its strategic business alliance with Conagen and develop innovative high functional products and processes by way … Read more Sumitomo Chemical Invests in Conagen, Completes Acquisition of Subsidiaries of Nufarm

Nova Chemicals Suspends Construction Activities on Ontario and Alberta Projects

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Nova Chemicals Corp. is making substantial reductions in its construction activities in the wake of the COVID-19 pandemic. “We are adjusting construction work on our new AST2 polyethylene facility and Corunna cracker expansion projects in Ontario to temporarily focus on only the most critical work, which will result in a reduction of approximately 90% of … Read more Nova Chemicals Suspends Construction Activities on Ontario and Alberta Projects

Methanex to Delay Geismar 3 Spending for up to 18 Months

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Methanex Corporation (TSX:MX) (NASDAQ:MEOH) said it is taking action to defer approximately $500 million of previously announced capital spending on its Geismar 3 methanol project for up to 18 months. The decision was made considering the significant uncertainty in the global economy from the COVID-19 pandemic, resulting in a challenging commodity price and project execution … Read more Methanex to Delay Geismar 3 Spending for up to 18 Months

Arkema Announces 2024 Strategy of Becoming a Specialty Materials Leader

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Arkema unveiled its ambition to become a world leader in Specialty Materials realigned around three businesses: Adhesive Solutions, Advanced Materials, and Coating Solutions at a Strategy Update meeting on April 2. The Group unveiled its roadmap and its objectives for 2024 at this event. The Group has decided to align its organization which will now … Read more Arkema Announces 2024 Strategy of Becoming a Specialty Materials Leader

LyondellBasell to Slow Construction on PO/TBA Project

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LyondellBasell announced on Monday that it will slow construction of its propylene oxide (PO) and tertiary butyl alcohol (TBA) facility in Channelview, Texas. The company is limiting non-essential activities considering the current concerns related to the coronavirus pandemic. The PO / TBA site is under construction and limiting the construction activities will be prudent, according … Read more LyondellBasell to Slow Construction on PO/TBA Project

Advanced Petrochemical and SK Gas Plan $1.8B PDH/PP Complex

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Advanced Global Investment Company (AGIC), a subsidiary of PP producer Advanced Petrochemical, has agreed to form a joint venture with South Korea’s SK Gas and build a propane dehydrogenation (PDH)/PP complex at Jubail, Saudi Arabia. The JV agreement follows a Memorandum of Understanding (MoU) signed in June, 2019. The new entity, called Advanced Polyolefins, will … Read more Advanced Petrochemical and SK Gas Plan $1.8B PDH/PP Complex

Air Products to Acquire Five Hydrogen Plants from PBF Energy

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Air Products (NYSE: APD) has reached an agreement with PBF Energy Inc. (NYSE: PBF) that include the acquisition of $530 million of five hydrogen steam methane reformers (SMR) hydrogen production plants and the long-term supply of hydrogen to PBF refiners from those already operating plants. Located in Torrance and Martinez, California and Delaware City, the … Read more Air Products to Acquire Five Hydrogen Plants from PBF Energy

ACC Urges G20 Leaders to Lift Trade Barriers on Products needed for COVID-19

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The American Chemistry Council (ACC) urged G20 leaders to lift tariffs and export restrictions to improve access to the products necessary to healthcare workers during the COVID-19 pandemic. American Chemistry Council (ACC) President and CEO, Chris Jahn, in response to the virtual G20 summit, said, “U.S. chemicals manufacturers are calling for G20 leaders to increase … Read more ACC Urges G20 Leaders to Lift Trade Barriers on Products needed for COVID-19

Sinopec Shanghai Petrochemical’s Net Profit Falls

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Sinopec Shanghai Petrochemical Company Limited (HKEX: 00338; SSE: 600688; NYSE: SHI) announced the annual results for the twelve months ended 31st December 2019. Net sales of the company in 2019 amounted to RMB88.1 billion ($12.45 billion), a decrease of 7.90% from the previous year’s RMB95.6 million ($13.5 billion). The decrease in sales was attributed to … Read more Sinopec Shanghai Petrochemical’s Net Profit Falls

Mitsui Chemicals Expands Production Capacity for Nonwovens at Yokkaichi

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Mitsui Chemicals, Inc. has expanded its production facilities for meltblown nonwovens at its wholly owned subsidiary Sunrex Industry Co., Ltd. The move comes as an attempt to respond to the increasing demand for industrial-use meltblown nonwovens, and will increase the total production capacity of the Mitsui Chemicals Group for these materials by 50%. The expanded … Read more Mitsui Chemicals Expands Production Capacity for Nonwovens at Yokkaichi

Indorama Extends the Completion of Corpus Christi Plant to 2023

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Indorama Ventures Limited has announced that the company decided to extend the pre-construction period of the PTA-PET plant in Corpus Christi, Texas through the end of 2020. Christi Polymers LLC (CCP), a joint venture among certain subsidiaries of Indorama Ventures Holding, Alpek and Far Eastern Investment (Holding) Limited was created to acquire and complete construction … Read more Indorama Extends the Completion of Corpus Christi Plant to 2023

Hillenbrand to Sell Cimcool Business to DuBois Chemicals

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Hillenbrand, Inc. signed a definitive agreement to sell its Cimcool business to DuBois Chemicals, Inc. (DuBois) for $224 million. Hillenbrand’s wholly-owned subsidiary Milacron LLC (Milacron) entered into an Equity and Asset Purchase Agreement with DuBois, pursuant to which DuBois will acquire the Cimcool business at a purchase price of approximately $224 million in cash, subject … Read more Hillenbrand to Sell Cimcool Business to DuBois Chemicals

BASF to Make Hand Sanitizers at Ludwigshafen Site

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BASF wants to help solve the existing hand sanitizer shortage that emerged as a result of considerably increased demand due to the spread of novel coronavirus. In order to make this possible, several preconditions have been met over the past few days to enable the manufacture of medical disinfectants at the Ludwigshafen site itself. BASF … Read more BASF to Make Hand Sanitizers at Ludwigshafen Site

Evonik Acquires Biotech Company innovativeHealth Group

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Evonik Industries AG on Thursday said it has acquired Madrid-based biotechnology company innovativeHealth Group. The transaction is due to be completed before the end of March. The financial details of the deal were not disclosed. Headquartered at the Scientific Park of Madrid (Spain), innovativeHealth’s technology platforms screen and combine natural ingredients and extracts to generate … Read more Evonik Acquires Biotech Company innovativeHealth Group

Clariant and Floreon Collaberate to Develop Higher-Performance Biopolymers

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Clariant and Floreon-Transforming Packaging Limited announced a new collaboration to further extend the performance properties and market potential of biopolymers. By combining the benefits of Clariant’s additives with Floreon’s proprietary material solutions, the partnership aims to open up additional opportunities for plastic manufacturers and brand owners to consider biopolymers as a viable, low-carbon alternative to … Read more Clariant and Floreon Collaberate to Develop Higher-Performance Biopolymers

Sasol Considers $2B Rights Issue, in Talks to Sell LCCP Assets

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Sasol said on Tuesday that it aims to generate $6 billion by the end of financial year 2021 as it seeks to stabilise its balance sheet. The energy and chemicals major is battling high debt, the impact of the corona virus outbreak and falls in oil and chemical prices. Sasol said it could sell up … Read more Sasol Considers $2B Rights Issue, in Talks to Sell LCCP Assets

Huntsman to Acquire CVC Thermoset Specialties for $300 Million

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Huntsman has signed a $300 million deal to buy CVC Thermoset Specialties, a specialty chemical manufacturer that supplies chemicals for the industrial composites, adhesives and coatings markets. The $300 million purchase price is subject to customary closing conditions. It is an all-cash transaction, funded from available liquidity by Huntsman. Depending on the full year of … Read more Huntsman to Acquire CVC Thermoset Specialties for $300 Million

Domo Chemicals to Build Nylon Compounding Plant in China

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Domo Chemicals GmbH, a Germany-based materials manufacturer announced its plans to build a nylon compounding plant in Zhejiang, China in a move to increase its focus on the Asia Pacific region. The new plant will be capable of producing 50,000 ton of sustainable and innovative engineered nylon compounds each year, the company said in a … Read more Domo Chemicals to Build Nylon Compounding Plant in China

Mitsubishi Chemical Holdings to Transfer Qualicaps to Mitsubishi Chemical

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Mitsubishi Chemical Holdings Corporation (MCHC) has announced the transfer of Life Science Institute Inc’s affiliate, Qualicaps to Mitsubishi Chemical Corporation (MCC), with effect from 1 July. “Through this transfer, MCC will enable Qualicaps to provide higher value-added solutions to the global capsule market by not only strengthening manufacturing technology leveraging mutual resources and accelerating chemical … Read more Mitsubishi Chemical Holdings to Transfer Qualicaps to Mitsubishi Chemical

Kraton Completes Sale of Cariflex Business to Daelim

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Kraton Corporation announced that it has completed the sale of its Cariflex business to Daelim Industrial Co, Ltd. for $530.0 million in cash. “We believe Daelim is well-positioned to invest in and grow the Cariflex franchise as it continues to expand its global business,” said Kevin M. Fogarty, Kraton’s President and Chief Executive Officer.  “As … Read more Kraton Completes Sale of Cariflex Business to Daelim