Arsenal Capital Partners , a private equity firm that specializes in investments in industrial and healthcare companies, announced that it has completed a majority investment in Polycorp Ltd., a leading manufacturer of engineered elastomer solutions. The terms of the transaction were not disclosed. Polycorp is headquartered in Elora, Ontario, and employs approximately 250 full-time … Read more
LyondellBasell (NYSE: LYB), the world’s largest licensor of polyolefin technologies, announced that China Coal Shaanxi Yulin Energy & Chemical Co., Ltd. (China Coal Shaanxi), will use the LyondellBasell Spherizone, Hostalen Advanced Cascade Process (Hostalen ACP) and Lupotech T technology for its new facility. The process technology will be used for a 300 kilotons per annum (KTA) Spherizone polypropylene plant, a 300 KTA Hostalen ACP high-density … Read more
Reliance Industries on Friday said it has become the first Indian company to chemically recycle plastic waste-based pyrolysis oil into International Sustainability and Carbon Certification (ISCC)-Plus certified circular polymers. In a release, it said this innovation is a testimony to Reliance’s commitment to reducing plastic waste and supporting the circular economy in India. Reliance shipped its first … Read more
LyondellBasell, a global leader in the chemical industry, announced the establishment of a new distribution hub in the United Kingdom for its Polyolefins grades. This strategic move is part of our ongoing commitment to enhancing the customer experience by placing inventories closer to our customers’ facilities reducing lead times on orders. This distribution hub in … Read more
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic States, together with its portfolio company Eco Baltia, the largest environmental resource management and recycling group in the Baltics, has closed an agreement for the acquisition of 70% of the shares in Metal-Plast. Metal-Plast is the largest recycler of PVC window and door … Read more
LyondellBasell, the world’s largest licensor of polyolefin technologies, today announced that Indian Oil Corporation Ltd. (IOCL) has selected LyondellBasell’s Hostalen “Advanced Cascade Process” (Hostalen ACP) technology for a new 200 kiloton per year (KTA) high density polyethylene (HDPE) plant. The new facility will be built in Panipat, India. “This new license award by IOCL represents the second Hostalen ACP process technology line … Read more
Orbia’s Fluorinated Solutions business and Solvay have signed their joint venture agreement to create the largest polyvinylidene fluoride (PVDF) production facilities for battery materials in the North America region. This partnership brings security of supply with Inflation Reduction Act (IRA) compliant materials and leading-edge PVDF technology together for solutions that are critical to the North … Read more
On June 30, 2023 Borealis announced that it had signed an agreement to acquire Rialti S.p.A., a polypropylene (PP) compounder of recyclates based in the Varese area of Italy, subject to regulatory approvals. Today, the parties announce the successful closing of the transaction. Rialti is one of the European market leaders specialized in production of … Read more
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced a contract from Sinopec Ningbo Zhenhai Refining & Chemical Co. Ltd. (Sinopec NZRCC), a subsidiary of the Sinopec Group and its flagship refining and petrochemical company. Sinopec NZRCC will license Lummus’ Novolen® technology for a new 500-kilo-ton per annum polypropylene plant in Ningbo, China. “With … Read more
Baystar (Bayport Polymers LLC) launches a new era in high-performance polyethylene (PE) production and enhanced sustainability with the start-up of its new Bay 3 polyethylene unit. The new unit is the first of its kind in North America, bringing proprietary Borstar technology from Borealis and more than doubling Baystar’s production capacity in Pasadena, TX. New … Read more
Samsung Engineering, a prominent South Korean firm, has officially announced that it has secured the front-end engineering and design (FEED) contract for Alujain Corporation’s upcoming propylene plant in Saudi Arabia’s Yanbu Industrial Complex. This development was initially disclosed by MEED earlier this month. In a statement, Samsung confirmed that it has received the notice of … Read more
Wacker Chemie AG is expanding its specialty silicone manufacturing capacities in China. A kick-off event at the Zhangjiagang site in Jiangsu Province marks the start of the construction of several new production lines, where the globally operating chemical group will manufacture functional silicone fluids, silicone emulsions and silicone elastomer gels. Investments of some €150 million have … Read more
In response to the expressed interest from the Abu Dhabi National Oil Company (Adnoc), the Board of Management at Covestro AG has taken a significant step by initiating open-ended discussions with Adnoc. The outcome of these discussions, including the form and potential conditions of any agreement, remains uncertain and contingent upon the course of the … Read more
SABIC and SINOPEC announced the commercial operation of a new polycarbonate (PC) plant at their 50-50 joint venture (JV) – SINOPEC SABIC Tianjin Petrochemical Co. Ltd. (SSTPC). Khalid Hashim Al-Dabbagh, SABIC Chairman, and Ma Yongsheng, SINOPEC Chairman attended the ceremony. Established in 2009, SSTPC is a mega-size petrochemical complex that already consists of nine world-scale … Read more
Epigral, a leading integrated chemical manufacturer in India, formerly known as Meghmani Finechem, has announced a significant expansion into the production of Chlorinated polyvinyl chloride (CPVC) Compounds. Their new manufacturing plant in Dahej, Gujarat, is set to have a capacity of 35,000 Tons Per Annum (TPA) and is anticipated to be operational by the fourth … Read more
LG Chem is initiating the expansion of its business by increasing the capacity of the Cheongju plant, a production base for reverse osmosis (RO) membranes. On the 28th, the company announced that it would invest KRW 124.6 billion ($94 million) by July 2025 to expand its Cheongju plant by adding a facility capable of producing 400,000 … Read more
Covestro has completed construction on a new production facility for polyurethane dispersions (PUDs) in Shanghai, China. Once coming on stream in the first quarter of next year, the new capacity is expected to greatly address the rising demand for environmentally compatible coatings and adhesives in Asia Pacific, serving industries ranging from automotive, construction, and furniture … Read more
LyondellBasell (NYSE: LYB) announced that Jiangsu Fenghai High-Tech Materials Co., Ltd. (Jiangsu Fenghai) has selected the LyondellBasell Lupotech T high-pressure polyethylene technology for a new production site. The Lupotech T process technology will be used for a 200 kiloton per year (KTA) vinyl acetate copolymer (EVA) line. The new line will be located in Lianyungang, … Read more
DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homopolymer (H-POM) business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions … Read more
Mitsui Chemicals, Inc. has unveiled its strategic initiative to amplify the production capacity of polyurethane dispersions (PUDs) in response to the escalating demand for sustainable mono-material food packaging solutions. This pronounced shift towards eco-friendly packaging aligns with the global emphasis on sustainability. The focal point of this expansion lies within the Shimizu Factory, a wholly … Read more