Covestro Sells European Systems Houses Business to HIG Capital

Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands, Denmark, Spain, Germany and further businesses in Italy. With approximately 250 employees, the business generates a annual sales … Read moreCovestro Sells European Systems Houses Business to HIG Capital

Gabriel Performance Acquires Alkyd Resins Product Line from Deltech

Gabriel Performance Products, a U.S.-based leading specialty chemicals company serving the coatings, adhesives, and composite end markets, announces the acquisition of a select portfolio of alkyd resins from Deltech Resin Company. Gabriel has purchased a subset of Deltech’s alkyd resin product line. Gabriel will produce these products in its Harrison City, PA facility, home of … Read moreGabriel Performance Acquires Alkyd Resins Product Line from Deltech

Solvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

Solvay has opened two innovation centers dedicated to thermoplastic composites in the United States and Belgium, reinforcing its research and innovation (R&I) capabilities and engagement with customers, in high performance materials for the aerospace, automotive and oil & gas markets.  The opening of both centers follows Solvay’s creation in April of its thermoplastic composites platform … Read moreSolvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

Ulsan PP Breaks Ground on New Polypropylene Plant in South Korea

LyondellBasell announced that Ulsan PP Co., Ltd., a joint venture between PolyMirae Company Ltd, a 50-50 partnership of LyondellBasell and Daelim, and SK Advanced broke ground in the southeastern port city of Ulsan, South Korea. This new plant will utilize LyondellBasell’s world leading fifth generation Spheripol technology and is expected to begin production in May … Read moreUlsan PP Breaks Ground on New Polypropylene Plant in South Korea

Ineos Announces Range of Bio-attributed Olefins and Polyolefins

INEOS Olefins & Polymers Europe has announced a range of Bio-Attributed Olefins and Polyolefins, based on renewable bio based raw materials that do not compete with food production.  Products will be supplied from the INEOS Koln site, Germany, later this year. The company stated that bio-attribution measures the extent to which fossil fuel-derived feedstocks have … Read moreIneos Announces Range of Bio-attributed Olefins and Polyolefins

BASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

Abu Dhabi National Oil Company (ADNOC), Adani Group, BASF SE and Borealis AG have signed a Memorandum of Understanding (MoU) to engage in a joint feasibility study to further evaluate a collaboration for the establishment of a chemical complex in Mundra, Gujarat, India. This is the next step of BASF’s and Adani’s investment plans as … Read moreBASF, Adani, Borealis, ADNOC Sign MoU to Study Joint Development of $4-bn Petrochemical Complex

Solvay’s New Polyethersulfone Unit in India Comes On-stream

Solvay has started the operation of its new Veradel PESU (polyethersulfone) line at its plant in Panoli, India. Solvay is raising capacity to address significant demand mainly from the Healthcare and Water Treatment industries, for this high-performance thermoplastic material. This capacity increase is a part of Solvay’s plan, announced in 2017, to raise sulfone polymers … Read moreSolvay’s New Polyethersulfone Unit in India Comes On-stream

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

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

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

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

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

Covestro to Sell European Polycarbonate Sheets Business to Serafin Group

Materials manufacturer Covestro has signed an agreement with Serafin Group for the sale of Covestro’s European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, central management operations and sales support in Europe. The business generates total revenues of around EUR 130 million ($144 million). Polycarbonate sheets are highly break-resistant and are mostly … Read moreCovestro to Sell European Polycarbonate Sheets Business to Serafin Group

SIBUR and Sinopec Sign MoU to set up Nitrile Rubber JV

SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production. The MoU  was signed at the meeting between the Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang in St Petersburg. … Read moreSIBUR and Sinopec Sign MoU to set up Nitrile Rubber JV

SNF Investing $1.2 Billion to Meet Polyacrylamide Demand

Over the last two years SNF has added 75,000 metric tonne per year powder-grade polyacrylamide (PAM) production capacity globally to match the increased demand for EOR (Enhanced Oil Recovery) applications. By the end of 2020, SNF will add 75,000 metric tonne per year more. This 150,000 metric tonne per year, $1.2 billion worth new capacity … Read moreSNF Investing $1.2 Billion to Meet Polyacrylamide Demand

Rain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany

Rain Carbon Inc., a leading global producer of carbon-based products, initiated the phased start-up of its hydrogenated hydrocarbon resins production facility in Castrop-Rauxel, Germany on Thursday. Once operational in the fourth quarter of 2019, the state-of-the-art plant will have a permitted resins production capacity of up to 50,000 tons per year and will serve as … Read moreRain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany

Domo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M

DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High-Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland. The agreement also involves a joint venture between BASF and DOMO in France for the … Read moreDomo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M