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 SKC will hold the other 51 percent. SKC confirmed it will spin off its operations … Read more
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 steelmaker in Korea and one of the largest in the world. “We are honored to … Read more
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, will produce 430 KTA of polypropylene and is scheduled to be completed in 2022. The … Read more
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 circular economy. The agreement was signed on July 26, 2019. “The problem of plastic waste … Read more
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 plant is planned to start up in 2022 and will adopt advanced BASF technology which … Read more
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 was approved by the Chinese government in April 2017. Used as an underlayment material for … Read more
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 in improving the performance of its vitamin C plant in Jiangshan, China, as part of … Read more
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 per year of DCP, an organic peroxide used in the manufacture of polymers that need … Read more
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, the site can produce 140,000 tonnes per year of AA and will be increased to … Read more
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 refinery (160,000 barrels per day), a 1 million tonne per year aromatics plant and a … Read more
BASF India Limited has entered into an agreement to divest its stilbene-based Optical Brightening Agents (OBA) business for paper and powder detergent applications to Archroma India Private Limited for about Rs 33.50 crore ($4.9 million). The transaction includes stilbene-based OBA product portfolio and the manufacturing unit at Ankleshwar, India. The stilbene-based OBA business is part … Read more
Deepak Nitrite, a chemical intermediates manufacturer announced on Saturday that it has successfully commissioned a Rs 1,400 crore ($202 million) phenol-acetone plant as reported by Business Standard. The new plant will help import savings of Rs 2,800 crore (about $400 million) for the company, the news report added. The plant set up through its wholly-owned … Read more
HMC Polymers, a leading SE Asia Polypropylene (PP) producer announced plans to construct a fourth Polypropylene plant at its Map Ta Phut site, Rayong Province Thailand, bringing HMC’s total PP capacity to over 1 million tons and maintaining position as SE Asia’s largest PP producer. “HMC will continue our mission to push the boundaries of … Read more
Linde announced that it has signed a long-term agreement with ExxonMobil Asia Pacific Pte. Ltd. to support the latest multi-billion dollar expansion of the company’s integrated manufacturing complex in Singapore. This will be the single largest sale of gas contract in the history of the newly merged Linde and of its legacy companies. Linde will … Read more
Nouryon has increased production capacity for dialkyl peroxide at the company’s Ningbo site, China, by 25 percent after completing a major expansion project. The product, branded as Perkadox 14, is essential in the manufacture of many elastomer-based products, ranging from sports goods to industrial wires and cables. “Demand for Perkadox 14 in Asia and worldwide … Read more
Evonik officially commissioned its second complex for the production of MetAMINO® (DL-methionine) and strategically important precursors in Singapore on June 18, 2019. “Our methionine complex on Jurong Island, which we commissioned in late 2014 has been a real success story. Now, we want to continue the success story with this second plant,” said Christian Kullmann, … Read more
Danhua Chemical Technology Co., Ltd. is planning to purchase 100% equity of Jiangsu Silbang Petrochemical Co., Ltd. by way of issuance of shares. The transaction is valued around 11 billion yuan ($1.59 billion). The transaction is part of the company’s asset restructuring plan. On June 13, 2019, the company held the twenty-seventh meeting of the … Read more
SK Chemicals Inc., a chemical unit of SK Group, said that it has decided to acquire KCF Technologies Co., the world’s top producer of copper foil for lithium-ion batteries, in a bid to diversify its business portfolio. SK Chemicals said it will buy a 100 percent stake in KCF Technologies, currently owned by Kohlberg Kravis … Read more
China saw a 16 percent monthly drop of rare earth exports in May amid trade war escalation and an increased focus on domestic resources conservation and high-quality development of commodities, as reported by China Daily. Rare-earth exports by China fell to 3,640 metric tons in May from 4,329 tons in April, according to the General … Read more
Covestro, a leading global supplier of high-performance polymer materials, has delivered its first commercial order of polyurethane raw materials for wind blades to China. China is the world’s largest wind power market with 221 GW of installed capacity at the end of 2018, according to the World Wind Energy Association.(1) The blades, produced by Zhuzhou … Read more