Air Products announced a new joint venture (JV) with Debang Xinghua Technology Co., Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd., to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park, Lianyungang City, Jiangsu Province, China. Air Products will own 80
Sika Acquires Chinese Silicones Seals Manufacturer
Sika has agreed to acquire Crevo-Hengxin, a Chinese manufacturer of silicone sealants and adhesives used in both industry and construction applications. With this takeover, Sika is expanding its Target Markets Industry and Sealing & Bonding presence in China and the
LyondellBasell Signs MOU with Bora for Expansion in China
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world announced it has signed a Memorandum of Understanding (MoU) to expand in China through a Joint Venture (JV) with the Liaoning Bora Enterprise Group (Bora). “China is
Sumitomo Chemical Completes Merger of ECC with SCIL
Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the merger of
DIC to Acquire BASF’s Global Pigments Business
BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion ($1.27 billion). The transaction is expected to close in
Lotte Chemical to Merge its Affiliate Lotte Advanced Materials
Lotte Chemical said on August 22 in a regulatory filing that its management had agreed to merge with Lotte Advanced Materials, a wholly-owned subsidiary. The board of directors of Lotte Chemical, based in Seoul, agreed on a scheduled merger between
Hyosung to Invest $825 M in Carbon Fiber Manufacturing Plant
South Korea’s Hyosung announced on Tuesday it will invest 1 trillion won ($829 million) by 2028 to expand its carbon fiber production capacity, vowing to raise the country’s competitiveness to lessen dependence on other countries. To achieve this, it will
Elkem ASA Acquires Silicones Producer Basel Chemie
Elkem ASA acquires Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for
Ion Exchange Inaugurates R&D Centre in Telangana, India
Ion Exchange (India) Limited, a leading water and environment management solutions provider, announces the launch of its new Research & Development Centre at Patancheru in Telangana, of Southern India. The centre will focus on the company’s Chemicals, Resins and Membranes
Saudi Aramco to Acquire 20% Stake in RIL’s O2C Jamnagar Unit
Saudi Aramco signed a letter of intent for a proposed purchase of a 20% stake in the oil-to-chemicals (O2C) business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast. Reliance values
SKC, Kuwait’s PIC form $1-billion JV in South Korea
SKC of South Korea and Petrochemical Industries Company (PIC) of Kuwait have agreed to establish a propylene chemicals joint venture worth $1.2 billion. PIC will hold a 49 percent stake worth $476.2 million in the new company whereas South Korea’s
Air Products Awarded Contract to Supply POSCO Chemical’s Manufacturing Site
Air Products announced it has been awarded a contract by POSCO Chemical to supply on-site nitrogen to a new anode material manufacturing site being built in Sejong, South Korea. POSCO Chemical is an affiliate of POSCO Group, the largest integrated
Grace Licenses Unipol PP Process Tech to Datong Coal Mine Group
W. R. Grace & Co., the leading independent supplier of polyolefin catalyst technology and polypropylene (PP) process technology, has licensed its Unipol PP Process Technology to Datong Coal Mine Group Co., Ltd. The Unipol PP facility, located in Datong, China,
Marubeni Corp Partners with Japanese Firm on Plastic Recycling
Marubeni Corp., Marubeni Plax Corp. and Chubu Nihon Plastics Co., Ltd have signed a partnership agreement to jointly undertake a plastic recycling business and also work together on the ECONET PROJECT that Chubu Nihon promotes in order to establish a
BASF to Build Tert-Butylamine Plant at Nanjing, China
BASF SE plans to invest in a second production plant for tert-butylamine (tBA) at BASF Specialty Chemicals Co. Ltd (BSNJ) in Nanjing, China. With this expansion, BASF’s global annual production capacity of tBA will increase by more than 30%. The
Sekisui Chemical Begins Polyolefin Foam Production Line in Wuxi City, China
Sekisui Chemical announced that Sekisui Youngbo, a consolidated subsidiary of the High Performance Plastics Company, commenced mass production and sales in May 2019. Sekisui Youngbo is a company that primarily manufactures polypropylene foams (“PP foams”) for automotive interiors; its establishment
DSM will further Upgrade its Vitamin C facility in Jiangshan
DSM, a nutrition chemicals and materials multinational has announced it will extend the annual summer shut down period at its Jiangshan vitamin C site in China so further upgrades to the facility can be carried out. “DSM continues to invest
Nouryon Doubles Capacity for Dicumyl Peroxide in China
Nouryon has doubled production capacity for dicumyl peroxide (DCP) at its site in Ningbo, China after completing a major expansion project. The plant is the largest of its kind in the world and can now produce up to 38,000 tons
Nippon Shokubai Breaks Ground for New Acrylic Acid Plant
Japan’s Nippon Shokubai has announced that its subsidiary PT.NIPPON SHOKUBAI INDONESIA (NSI) recently held a groundbreaking ceremony for the expansion of its acrylic acid (AA) plant in Cilegon, Banten, Indonesia with a production capacity of 100,000 tonnes per year. Currently,
China’s Hengyi Starts Trial Runs at New Refinery, Petchem Facility in Brunei
China’s Hengyi Petrochemical Co Ltd has started trial operations at its new refinery and petrochemical facilities in Brunei, as stated in the Reuters report. The new plant in Palau Muara Besar consists an 8 million tonne per year crude oil