Japan’s Sumitomo Chemical is licensing out its high-pressure production process for low density polyethylene (LDPE) and ethylene vinyl acetate (EVA) to Russian producer Kazan Organichesky Sintez PJSC (KOS), the Japanese firm said. Financial details of the contract and the project’s timeline were not disclosed. KOS is installing a new 100,000 tonne per year PE/EVA facility … Read more
Shintech Louisiana LLC announced that the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge, Louisiana. The company, which manufactures polyvinyl chloride resins, or PVC, says will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at … Read more
Celanese Corporation announced its intent to build a world-scale, multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value Vectra and Zenite LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield locations to place its new LCP facility. “5G, ‘Internet of Things’ … Read more
Evonik has closed its previously announced acquisition of the Lactel Absorbable Polymers product line from Durect Corporation on December 31, 2020. All Durect employees associated with the Lactel business in Birmingham, Ala., accepted the offer to join Evonik in similar roles, according to Essen, Germany-based Evonik. The deal closed Dec. 31, 2020. Evonik will integrate … Read more
India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries. The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty of $15.54-200.66 per MT of the imported product for five … Read more
Ineos Styrolution, a styrenics supplier has broken ground on its new 600,000 metric ton ABS (acrylonitrile butadiene styrene) plant located in Ningbo as part of its plan to expand into China. The development follows an earlier acquisition by Ineos of two polystyrene production sites in Ningbo and Foshan. In a news release, Ineos officials said … Read more
Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, has entered into a binding agreement to purchase Arkema’s polymethyl methacrylates (PMMA) and activated methyl methacrylates (MMA) businesses, the company announced Monday. The transaction is valued at €1.137 billion (~$1.36 billion). “This acquisition will be a catalyst for portfolio transformation toward … Read more
Arkema has completed the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of photopolymer formulation services. The deal was completed earlier this month. The financial terms of the deal have not been disclosed. CPS is a developer and marketer of value-added, formulated photopolymer resin solutions for energy curing technology, especially for three-dimensional (3D) printing … Read more
India has imposed anti-dumping responsibility on imports of fluoroelastomers from China by 5 years beginning November 27, the Central Board of Oblique Taxes and Customs (CBIC) stated in a notification issued Friday. The Board stated that the choice has been taken after the Directorate Basic of Commerce Cures (DGTR) requested for additional extension of the … Read more
The International Finance Corporation (IFC) has extended its maiden blue loan worth $300 million to Thailand-based Indorama Ventures, a leading plastic resin manufacturer, to fight marine pollution in Asia and Latin America. Indorama will utilise the loan to recycle 50 billion PET (polyethylene terephthalate) bottles globally per annum by 2025, with focus on Thailand, Indonesia, … Read more
Invista has completed its nylon 6,6 polymer capacity expansion at its polymer plant at the Shanghai Chemical Industry Park (SCIP). The company added a 40,000 ton per year capacity bringing the plant’s total capacity to 190,000-ton per year. “This new polymer capacity is part of Invista strategic investments to supply the strong local and regional … Read more
Roth CH Acquisition I Co. announced that it has acquired polypropylene (PP) recycling firm PureCycle Technologies in a deal that values PureCycle’s post-transaction equity at about $1.2 billion. Under the deal, a new holding company named PureCycle Technologies Inc. will be created and listed on the Nasdaq exchange under the symbol ‘PCT.’ The deal includes … Read more
Sasol’s low-density polyethylene (LDPE) unit at the Lake Charles Chemicals Complex (LCCP) at Louisiana, USA, reached beneficial operation on November 15. The LDPE unit is the seventh and final LCCP unit to come on line. The LCCP is now 100% complete with total capital expenditure forecast to be within the previously communicated guidance of $12.8-billion. … Read more
W. R. Grace & Co. has licensed its UNIPOL PP Process Technology to PT Pertamina Rosneft Pengolahan dan Petrokimia (PRPP), a joint venture between Indonesia’s PT Pertamina and Russia’s Rosneft Oil Company. The UNIPOL PP facility, located in Tuban, Indonesia, will include two lines, each designed to produce 580 000 ton per year for a … Read more
LG Chem has signed a strategic partnership with Neste, a leading biodiesel producer based in Finland, to accelerate the production of eco-friendly resins from biomaterials. Neste is a leading company in the biodiesel field with its own proprietary process technology. 80% of this global company’s operating profit is generated from biofuels and eco-friendly products. Through … Read more
Lubrizol Advanced Materials, a global specialty chemical leader and the market leader for CPVC, and Grasim Industries Limited have entered into a definitive agreement to manufacture and supply CPVC resin in India to meet growing demand for chlorinated polyvinyl chloride (CPVC) pipe and fittings. Once commissioned, this near 100,000 metric-ton state-of-the-art CPVC plant at Grasim’s … Read more
Celanese has announced the ‘addition of a new GUR ultra-high molecular weight polyethylene production line (UHMW-PE)’ at its Bishop manufacturing complex in Texas, US. The expansion is expected to support significant growth of the company’s portfolio of GUR engineered materials. “Electric vehicle demand is expected to have a compounded annual growth rate of greater than … Read more
Formosa Plastics affiliate FG LA LLC said it is deferring major construction on a petrochemical facility in St. James Parish, The Advocate reported. Formosa Plastics is citing the coronavirus pandemic for its decision to delay construction work on its $9.4 billion petrochemicals project in Louisiana. A statement from the company said building won’t begin until … Read more
Nova Chemicals announced that it has agreed to sell its expandable styrenics business to a subsidiary of Alpek S.A.B. de C.V. The parties expect to close the transaction in the fourth quarter. The sale of its expandable styrenics business is an important step in Nova Chemicals’ plan to focus on its olefin and polyethylene business, … Read more
Mitsubishi Chemical Corp. has concluded agreements to transfer its polymer flocculant sales business to MT AquaPolymer, Inc. and Hymo Corp. Once the transfer is complete, the two companies will outsource the manufacture of polymer flocculants to MCC. The transfer is subject to obtaining approval from competition authorities. MTAP is a leading Japanese manufacturer of polymer … Read more