ExxonMobil plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas, and is expected to start operations by year-end 2022. By recycling plastic waste back into raw materials that can be used to make plastic and other valuable products, the technology could help address the challenge of plastic waste in the … Read more
PI Industries on Monday executed two joint venture agreements with Polymath Holding for undertaking the business of manufacturing and selling the products for bio chemistry processes and bio chemical enabled pharmaceutical intermediates. The first joint venture agreement – JVC-1 is executed to undertake the business of manufacturing and selling the products for bio chemistry. In … Read more
Arkema has announced the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further support the growing demand for advanced bio-circular materials in Asia. This plant will be built in parallel with its major project to increase … Read more
LG Chem Ltd. announced that it will invest around 60 billion won to construct an Acrylonitrile butadiene styrene (ABS) compound plant at the site of the company’s Ohio Tech Center in the United States with an annual production capacity of 30,000 tons by 2023. The plant will produce customized ABS products locally that reflect customer … Read more
SABIC, a global leader in the chemical industry, has announced the start-up of its new polypropylene (PP) compounding line in Genk, Belgium with a virtual inauguration event. The new line is an addition to the company’s existing production capacity for SABIC polypropylene compounds at the Genk site and will use raw materials from SABIC’s PP … Read more
Balaji Amines Ltd has announced a small incident at its unit III demethylformamide (DMF) plant due to which leakages/breakdown has taken place. While rectifying this, the company is adding some debottlenecking activities to increase capacity, which may take two to three weeks. During this period, the DMF plant will not be operational. The unit III … Read more
Dow announced its plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site with respect to scope 1 and 2 carbon dioxide emissions. The project would more than triple Dow’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site, while retrofitting the site’s existing assets to net-zero carbon emissions. … Read more
Chemplast Sanmar Limited CSL), on consolidated basis, expects to register a significant increase in its Revenue for H1FY22, as compared to the same period in the previous financial year. In terms of overall volume, both CSL and its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (CCVL), together saw production increase of around 30 – 35% … Read more
Epsilyte Holdings LLC, a leading provider of advanced materials has acquired StyroChem Canada, Ltd., a leading North American producer of expandable polystyrene (EPS) located in Baie d’Urfe, Quebec, from PMC Capital Partners, LLC. Details of the transaction were not announced. Epsilyte is owned by Balmoral Funds and management. This acquisition creates one of the largest … Read more
Uzbekneftegaz JSC, the state-owned holding company of Uzbekistan’s oil and gas industry, has announced the signing of agreements with three of Europe’s leading banks to finance capacity expansion of Shurtan Gas Chemical Complex. The cooperation agreements relate to €1.1 billion of capital to finance the expansion of the Shurtan Gas Chemical Complex’s (Shurtan GCC Upgrade … Read more
Air Liquide, TotalEnergies and Lotte, are combining forces with other large international companies to sponsor the creation of the world’s largest fund exclusively dedicated to clean hydrogen infrastructure solutions. The fund aims to reach 1.5 billion euros ($1.7 Billion) and has already secured initial commitments of 800 million euros ($928 million). Its objective is to … Read more
Laxmi Organic Industries has completed the acquisition of 100% equity share capital of Acetyls Holding in accordance with terms of the Share Purchase Agreement dated 09 December 2020 and Prospectus dated 18 March 2021. With this acquisition, Acetyls Holding and its subsidiary Company namely Yellowstone Chemicals have become subsidiaries of the Company w.e.f. 01 October … Read more
Linde India said that its board has approved the proposal for setting-up of a 250 tonnes per day (TPD) merchant air separation unit at Dahej, Gujarat, to secure growth in the gases business in Western markets and deliver cost savings. The board has approved a capital expenditure of Rs 138.6 crores ($18.7 million) towards the … Read more
Apollo Global Management, Inc. announced that funds managed by its affiliates have entered into a definitive agreement to acquire the Thermal and Emission Control Materials (MAFTEC) from Mitsubishi Chemical Corporation. MAFTEC is a global leader in thermal and emission control protection materials, primarily for the indus-trial and automotive industry as OEMs adopt their chemical fiber … Read more
Bharat Petroleum Corporation Ltd. (BPCL – Kochi Refinery) signed a memorandum of understanding (MoU) with Kerala industrial corporation as part of the establishment of a petrochemical park on 482 acres at Ambalamedu by 2024. The project aims to develop a cluster of micro, small and medium enterprises (MSMEs) that use the propylene derivative by-products of … Read more
IMCD N.V., a leading distributor of speciality chemicals and ingredients, today announced that IMCD China has signed an agreement to acquire Aquatech Speciality International Trading Co., Ltd. and Aquatech Speciality Trading Co., Ltd. in China. Since its establishment in 2004, Aquatech has been active in waterborne solutions in coatings, ink, and textile industries. Aquatech generated … Read more
Hexion Holdings Corporation today announced its plan to separate into two independent companies through an IPO and spinoff of its epoxy business. The two companies will be Hexion Holdings, composed of the Company’s Adhesives and Versatic Acids and Derivatives product lines, and Hexion Coatings and Composites (US) Inc. (HCC), composed of Hexion Holdings’ former epoxy-based … Read more
Covestro announced on Tuesday that it will proceed with work on a world-scale methylene diphenyl diisocyanate (MDI) plant after suspending plans to build a unit in the US in early 2020. The company had announced in January 2020 that it would halt work on its planned 500,000 tonne per year MDI plant at its Baytown, … Read more
BASF SE said Monday that its site under construction in southern China is expected to deliver annual sales of €4 billion to €5 billion ($4.69 billion to $5.86 billion) by 2030. The German chemicals company said it is targeting a contribution in earnings before interest, taxes, depreciation, and amortization of €1.0 billion to €1.2 billion … Read more
DL Chemical Co., South Korea’s leading petrochemical company, has acquired Texas-based specialty chemical manufacturer Kraton Corp. for $2.5 billion, taking a step closer to its goal of becoming one of the world’s top 20 chemicals companies. DL Chemical, formerly known as Daelim Industrial Co., has signed a definitive agreement to buy 100% of the US-listed company … Read more