The Board of Directors of PhosAgro, one of the world’s leading producers of phosphate-based fertilizers, has approved the Company’s strategy to 2025. The strategy to 2025 aims to further expand PhosAgro’s presence in its priority domestic and premium export markets and strengthen its position as a producer of pure phosphate-based fertilizers with low levels of … Read more
Chevron Phillips Chemical Company LP today announced that it is currently studying the addition of a global scale 1-Hexene unit. The addition would expand the production of normal alpha olefins (NAO), marketed under the Alpha Plus brand name. “As global demand for polyethylene continues to grow, this study demonstrates Chevron Phillips Chemical ’s commitment to … Read more
Merck announced that a comprehensive agreement has been signed between the company management and the Joint Works Council for the Darmstadt site. The goal is to secure and further expand the future viability of corporate headquarters as a central hub for science and technology. For this purpose, up to 2025, the company will invest a … Read more
Honeywell today announced that Jiangsu Sailboat Petrochemical Co., Ltd. will use the C3 Oleflex technology from Honeywell UOP to produce 700,000 tons of polymer-grade propylene per annum at its Lianyungang City facility in the Jiangsu Province of China. Jiangsu Sailboat will expand its existing facility to produce ethylene and propylene using the Honeywell UOP Methanol-to-olefins … Read more
Asahi Kasei will expand its Li-ion battery (LIB) separator manufacturing infrastructure with completion planned for the first half of fiscal 2021. The company is investing around $270 million on this project. LIB is a thin polyolefin microporous film placed between the cathode and the lithium – ion battery anode. It prevents contact between the electrodes … Read more
The association of German chemicals and pharmaceutical manufacturers, VCI, cut its 2019 industry sales forecast by 2.5% to €198.5 billion ($223.92 billion). The association, which represents companies operating in Germany, has reported that demand is falling from its domestic and European markets, particularly the pharma sector. “The future is turning out less optimistic than in … Read more
The International Council of Chemical Associations (ICCA) today, in tandem with the start of the Fourth United Nations Environment Assembly (UNEA-4), released an analysis of the contributions of the chemical industry to the world economy: Global Chemical Industry – Catalyzing Growth and Addressing Our World’s Sustainability Challenges. According to the report, nearly every good-producing sector … Read more
AkzoNobel has opened a trailblazing laboratory complex that can test new products in conditions that imitate the most extreme environments in the world. The R&D campus at the Felling site will focus on delivering state-of – the-art innovation and products for the marine and oil & gas industries. The laboratory in the campus will be … Read more
On Friday, DowDuPont announced that its Board of Directors has agreed to the previously announced separation of its Materials Science Division. The division will become the new Dow on April 1. DowDuPont’s board of directors declared a dividend for the second quarter of $325 million to be paid on May 28, 2019, in the aggregate … Read more
Eni signed an agreement for the start of research projects to produce Hydrogen from plastic packaging waste with COREPLA, the National Consortium for the Collection, Recycling and Recovery of Plastic Packaging. Giuseppe Ricci, Eni Chief Refining & Marketing Officer, and COREPLA President Antonello Ciotti signed the agreement. The joint working group will assess the start … Read more
Nouryon (formerly AkzoNobel Specialty Chemicals) has announced to build a world scale polymerization plant for its Expancel expandable microspheres at a location in the U.S. The plant will strengthen its leadership position significantly in expandable microspheres. Expancel microspheres are used as lightweight filler and blowing agent to lighten end products, obtain various surface effects, and … Read more
BP, Virent Inc. and Johnson Matthey (JM) have signed an agreement to further advance the commercialization of Virent’s Bioforming ® bio – paraxylene (PX) production process, a key raw material for renewable polyester production. Developed in partnership with JM, Virent’s Bioforming ® technology produces recycling products from renewable sources that can be used to produce … Read more
Celanese Corporation announced on Tuesday that the Donegani facility at Ferrara, Italy will expand its production capacity for Pibiflex ® and Riteflex ® TPC (thermoplastic copolyester) to support its ongoing growth of its global engineered materials business. Thermoplastic co – polyester (TPCs) constitute the block co – polymers combining favorable rubber properties with the easier … Read more
On Tuesday, the Indian state of Odisha accorded Haldia Petrochemicals Ltd’s (HPL) proposal to invest $ 4 billion to establish an integrated refinery with aromatics complex for production of Paraxylene and Purified Terepthalic Acid (PTA) at Baliapal. The land for the project was identified near the upcoming port of Subarnarekha, which is being built by … Read more
The consortium of Air Liquide, Nouryon, Enerkem and the Port of Rotterdam – has announced on Friday that Shell will join as a partner in Europe’s first advanced waste to chemicals facility in Rotterdam, Netherlands. In the proposed commercial – scale waste – to – chemicals (W2C) project, Shell will become an equity partner. “We … Read more
Exxon Mobil Corporation announced that after 38 years of service, John Verity, chairman of ExxonMobil Chemical Company, chose to retire. The board of directors appointed senior vice president of basic chemicals, Karen McKee as ExxonMobil Chemical Company’s next president effective April 1, 2019. McKee, 52, joined Exxon Chemical Company in the UK in 1990, where … Read more
Quaker Chemical Corporation opened its state-of – the-art manufacturing facility in Dahej, India. The site will be used to produce rolling oils and metalworking fluids for the steel and metalworking market in India and the MEA. The company has been building a strong brand presence in the country since 1997 to support the metalworking fluids … Read more
INEOS will invest £ 1 billion in several projects in the UK to ensure that its British assets remain world class over a generation. The biggest investment being announced is in the Forties Pipeline System (FPS). This investment of £ 500 million will transform the asset and extend the pipeline’s life into the 2040s. INEOS … Read more
Air Liquide announced the construction of the world’s largest PEM (Proton Exchange Membrane) electrolyzer in Canada with a capacity of 20 megawatts (MW) for the production of carbon-free hydrogen. This investment enables the Group to reaffirm its long-term commitment to the energy markets for hydrogen and its ambition to be a major player in the … Read more
Dow Chemical announced that after separation from DowDuPont on 1 April, it will set an initial annual dividend payment of $2.1 billion and launch a $3-billion stock buyback program. The company will target shareholder remuneration of approximately 65% of operating net income across the cycle, including dividend and share repurchases. Dow confirmed its plans to … Read more