kemicalinfo Avangard Innovative LP, a specialist in waste optimization technology reached an agreement to supply Dow with post-consumer resin (PCR) plastic film pellets. The deal will be a significant addition to Dow’s plastic circularity portfolio that is aligned with the company’s goal to advance the circular economy for plastics and minimize waste in the environment. The … Read more
Solvay’s new high molecular weight (HMW) hindered amine light stabilizer (HALS) capacity is now online, complementing existing HALS production at the Willow Island, West Virginia, USA, site. The facility was designed with the latest improvements in technology to ensure operator safety, reduce impact on the environment, and improve the quality and consistency of Solvay’s HALS … Read more
Enterprise Products Partners L.P. announced on Monday that its isobutane dehydrogenation (iBDH) plant in the Mont Belvieu, Texas area recently began service, with volumes expected to continue ramping up during the next two weeks. The facility, which is supported by long-term, fee-based contracts with investment grade customers, will ultimately have the capability to process approximately … Read more
Formosa Petrochemical has received air pollution permits for a $9.4 billion petrochemical and plastics complex the company has proposed building in St. James Parish, Louisiana. The company has received the final Title V operating permits needed from the Louisiana Department of Environmental Quality. The complex would be built in two phases and produce ethylene, propylene, … Read more
Shell announced it has signed a Memorandum of Understanding with CNOOC Oil & Petrochemicals Co Ltd (CNOOC) to explore its first commercial-scale polycarbonate (PC) production unit, which would be located at the CNOOC and Shell Petrochemical Company (CSPC) joint-venture chemicals complex in Huizhou, China. As an interim step, Shell has started constructing a PC development … Read more
Borealis AG and NOVA Chemicals Corporation announced last Thursday that they have reached an agreement for Borealis to buy NOVA Chemicals’ 50% ownership interest in Novealis Holdings LLC. Formed in 2018, Novealis is the joint venture between affiliates of Borealis and NOVA Chemicals, which subsequently formed a 50/50 joint venture with an affiliate of Total … Read more
INEOS Styrolution, the global leader in styrenics, has announced plans to build a world-scale acrylonitrile-butadiene-styrene (ABS) plant in Ningbo, China. The new production site will be adjacent to the recently acquired polystyrene plant in Ningbo. After the acquisition of two polystyrene production sites in China from Total in February 2019, INEOS Styrolution embarks on plans … Read more
Gulf Coast Ammonia LLC (GCA) announced that it has closed on non-recourse project financing for its world-scale anhydrous ammonia plant in Texas on December 30, 2019. Construction capital will be provided by a joint venture of Starwood Energy Group Global LLC (Starwood Energy) and Mabanaft GmbH & Co. KG (Mabanaft). The facility will have a … Read more
Cabot China Limited, a wholly owned subsidiary of Cabot Corporation, entered into an agreement to purchase Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN), a leading carbon nanotube (CNT) producer in China, for approximately $115 million in enterprise value that includes liabilities and contingent payments, company officials announced on Tuesday. “The acquisition significantly strengthens Cabot’s … Read more
ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current president and CEO of Shenzhen-listed crop protection company ADAMA, which will also be incorporated into the new group, will be nominated CFO of the newly formed Syngenta Group. … Read more
Saudi Basic Industries Corporation (SABIC) plans to voluntarily liquidate three wholly-owned subsidiaries, in line with its transformation plans, according to a statement to the Saudi Stock Exchange (Tadawul). The liquidation decision includes SABIC Industrial Catalysts Co., Saudi Carbon Fiber Co. and the Saudi Japanese Acrylonitrile Co. as per a Dec. 31 filing with the Saudi … Read more
BASF has closed the previously announced transaction to divest its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The divestiture includes the shares of inge GmbH, the business’ headquarters and production site in Greifenberg, Germany, including all employees, its international sales force, and certain intellectual property previously owned by BASF SE. Financial details of … Read more
Sinochem Energy, a unit of China’s Sinochem Group, has agreed to sell a 20% stake to five state-owned firms for 11.56 billion yuan ($1.65 billion), Xinhua news agency reported. The financial investment arms of Agricultural Bank of China and Industrial Bank of China (ICBC), and Citic Securities Investment Co were the strategic investors, the official … Read more
China’s Rongsheng said on Tuesday it has started up the remaining units in the first phase of Zhejiang Petroleum & Chemical (ZPC) refinery complex, one of two new major refineries built in China in 2019. Located in east China’s Zhoushan city, the complex is now producing oil products and chemicals to commercial specifications, ZPC stated … Read more
Elkem ASA has entered into an agreement to acquire Polysil, a leading Chinese silicone elastomer & resins material manufacturer with strong positions in baby care and food grade silicones, as well as silicone products for the electronics and medical markets. The companies have agreed an enterprise value for Polysil of up to RMB 941 million … Read more
Saudi Basic Industries Corporation (SABIC) announced that it has entered into a strategic alliance framework agreement to accelerate collaboration with Yokogawa Electric Corporation. The agreement includes selection of Yokogawa as a preferred supplier of control systems. Under this alliance agreement, Yokogawa will promote localization in Saudi Arabia, and its integrated control systems and safety instrumented … Read more
The Saudi Arabian Fertiliser Company (SAFCO) agreed to acquire a unit of Saudi Basic Industries Corporation (SABIC) to improve growth and look for new markets, the company said on Wednesday. SAFCO will acquire 100% of SABIC Agri Nutrients Investment Company, which is valued at 4.59 billion Saudi riyals ($1.2 billion) by way of an increase … Read more
Ascend Performance Materials has finalized plans for a $175 million project to expand adiponitrile (ADN) production capacity at its Decatur, AL manufacturing facility. The company will also construct energy cogeneration units at the site. The cogeneration units will reduce emissions at the facility by 60 percent. Ascend said that state and local governments are providing … Read more
ALPLA, Britvic, Danone, Unilever, REMONDIS and BP – leading companies operating across the polyethylene terephthalate (PET) plastic packaging value chain announced they have formed a new consortium that aims to help to address the problem of plastic waste by accelerating the commercialisation of BP Infinia enhanced recycling technology. BP Infinia is designed to turn opaque … Read more
LyondellBasell has signed a Memorandum of Understanding to form a 50:50 joint venture with China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy and chemical companies in China. Under the non-binding MoU, the JV will construct a new propylene oxide (PO) and styrene monomer (SM) unit in Zhenhai, Ningbo, China to serve … Read more