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

Clariant mulls $1.5B Masterbatches sale to PolyOne

Clariant AG is in talks to sell its masterbatch unit to U.S. specialty materials maker PolyOne Corp., according to a report by Bloomberg. Clariant has been seeking about $1.5 billion for its Masterbatches business, which makes colorants and optical brighteners for polymers, according to the report. While discussions with PolyOne are the most advanced, the … Read moreClariant mulls $1.5B Masterbatches sale to PolyOne

DuPont to Acquire Membrane Business from Evoqua Water Technologies

DuPont announced it has signed an agreement to acquire the Memcor business including ultrafiltration and membrane biofiltration technologies from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “Our strategic intent for the Water Solutions business is to have a robust … Read moreDuPont to Acquire Membrane Business from Evoqua Water Technologies

Toray Starts Manufacturing Resin Compounds in India

Toray Industries, Inc., announced on Thursday that Toray Industries (India) Private Limited began manufacturing polyamide (PA) and polybutylene terephthalate (PBT) at a new facility in September. PA and PBT resins offer outstanding toughness and resistance to heat and chemicals. Key applications include components for automotive and electrical and electronic. This first Indian plastic compounding unit … Read moreToray Starts Manufacturing Resin Compounds in India

Nufarm Sells South American Crop Business to Sumitomo for $1.2B

Nufarm Limited announced on Monday, 30th September it had entered into an agreement to sell its South American crop protection and seed treatment operations in Brazil, Argentina, Colombia and Chile to Sumitomo Chemical Company Limited for $1,188 million cash (on a cash-free, debt-free basis and subject to customary net working capital adjustments on completion). Nufarm … Read moreNufarm Sells South American Crop Business to Sumitomo for $1.2B

BASF Plans Expansion of Ethylene Oxide, Derivatives Complex at Antwerp

BASF will expand the capacity of ethylene oxide and ethylene oxide derivatives at its Verbund site in Antwerp, Belgium in line with its customer-focused corporate strategy. The total investment adds about 400,000 metric tons per year to BASF’s production capacity for the corresponding products with an expected investment amount exceeding €500 million ($544 million). “This … Read moreBASF Plans Expansion of Ethylene Oxide, Derivatives Complex at Antwerp

MOL Starts Construction of $1.3Bn Polyol Complex in Hungary

MOL laid the foundation stone for the Tiszaújváros polyol plant on Friday. The plant is expected to be commissioned in 2021. MOL will invest EUR 1.2 billion ($1.3 billion) to construct the plant which will be able to produce around 200,000 tons of polyols per year. Zsolt Hernádi, Chairman and CEO of MOL Group, Dr. … Read moreMOL Starts Construction of $1.3Bn Polyol Complex in Hungary

Arkema Completes the Acquisition of its Partner’s Stake in Sunke

Arkema has completed the acquisition of its partner’s stake in Taixing Sunke Chemicals, its joint venture manufacturing acrylic monomers in China, and now becomes the sole shareholder of the company. With this transaction, which has approximately €70 million ($86 million) impact on the net debt, the Group will support the growth of its customers in … Read moreArkema Completes the Acquisition of its Partner’s Stake in Sunke

BASF Enters into Natural Flavor and Fragrance Ingredients Market

BASF enters the market for natural F&F ingredients by acquiring Isobionics, an innovation leader in biotechnology which is serving the global market for natural flavors and fragrances (F&F), and through a cooperation agreement with Conagen, a leader in biotechnology research. Being known as a leading supplier of synthetic aroma ingredients, the company now broadens its … Read moreBASF Enters into Natural Flavor and Fragrance Ingredients Market

Dow, UPM Partner to Produce Plastics Made with Renewable Feedstock

Dow announces the commercialization of a plastics offering for the packaging industry made from bio-based renewable feedstock in partnership with UPM Biofuels, a producer of advanced biofuels. Dow is incorporating renewable wood-based UPM BioVerno naphtha – a key feedstock used for plastics development – into its raw material slate, creating an alternative source for plastics … Read moreDow, UPM Partner to Produce Plastics Made with Renewable Feedstock

Solvay Expands Aerospace Thermoplastic Composites Capacity in US

Solvay is expanding its thermoplastic composites capacity with a new production line at its U.S. facility in Anaheim, California, underscoring its commitment to meeting strong demand growth from aerospace customers for this high performance material and Solvay’s proprietary and unique technology. Solvay will have multiplied its qualified capacity by four since 2016 with the commissioning … Read moreSolvay Expands Aerospace Thermoplastic Composites Capacity in US

DuPont to Acquire Ultrafiltration Membrane Business from BASF

DuPont Safety & Construction (DuPont) today announced it has signed an agreement to acquire the Ultrafiltration Membrane business from BASF including inge GmbH. The transaction, including the business’ international workforce, its headquarters and production site in Greifenberg, Germany, and associated intellectual property currently owned by BASF SE., is expected to close by the end of … Read moreDuPont to Acquire Ultrafiltration Membrane Business from BASF

Fire broke out at Haldia Petrochemical’s Naphtha Cracker in West Bengal, India

A major fire broke out at the naphtha cracker unit of the Haldia Petrochemicals Limited here on Friday injuring 15 people, reported Business Today with reference to a senior police officer’s statement. The fire broke out when a naphtha pipe line exploded during repair at the naphtha cracker unit. The fire was brought under control … Read moreFire broke out at Haldia Petrochemical’s Naphtha Cracker in West Bengal, India

Polynt-Reichhold to Invest in Intermediate Production in the Americas

Polynt-Reichhold Group, a global leader in composite materials, intermediate chemicals, coating resins, thermosetting composites, gel coats, and niche chemical specialties, announced its decision to expand the successful integrated business model it employs in Europe and Asia to its operations in the Americas by investing in local production of Maleic and Phthalic Anhydride intermediates. Rosario Valido, … Read morePolynt-Reichhold to Invest in Intermediate Production in the Americas