Polymers

Braskem’s new La Porte Polypropylene Plant begins Commercial Production

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Braskem, a Brazilian petrochemical producer said on September 10th that the company’s 450,000 metric tons per year polypropylene plant in LaPorte, Texas, along the Houston Ship Channel completed its initial commercial production. “The launch of commercial production at our new world-class polypropylene production line in La Porte clearly affirms Braskem’s position as the North American … Read more Braskem’s new La Porte Polypropylene Plant begins Commercial Production

Lukoil Selects Lummus Novolen Technology for its New PP Plant in Russia

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Lummus Technology announced that its Novolen business has been awarded a contract by Lukoil NNOS for a petrochemical facility in Kstovo, Russia. Lummus’ scope includes the technology license for a polypropylene unit, as well as basic design engi-neering, training and services, and catalyst supply. The plant’s capacity is 500,000 metric tons per year. “This award … Read more Lukoil Selects Lummus Novolen Technology for its New PP Plant in Russia

Prince Pipes Collaborates with Lubrizol to Enter CPVC Pipes Market

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Prince Pipes and Fittings Limited (PPFL), one of India’s largest growing integrated piping solutions & multi polymer manufacturers, announced the launch of Prince FlowGuard Plus in association with Lubrizol, inventors and largest manufacturers of CPVC compounds worldwide, headquartered in the United States. Lubrizol is dedicated to supplying the highest quality CPVC compounds to service hot … Read more Prince Pipes Collaborates with Lubrizol to Enter CPVC Pipes Market

PETRONAS Chemicals and LG Chem to Build Nitrile Butadiene Latex Plant

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PETRONAS Chemicals Group Berhad (PCG) and LG Chem recently inked an agreement to build a Nitrile Butadiene Latex (NBL) manufacturing plant at Pengerang Integrated Complex (PIC) in Johor. PCG said in a press release that this facility will target the growing nitrile glove market, further strengthening Malaysia’s position as the largest exporter of gloves globally. … Read more PETRONAS Chemicals and LG Chem to Build Nitrile Butadiene Latex Plant

Sibur begins Construction of Amur Gas Chemical Project

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Sibur has begun the construction of the Amur Gas Chemical Complex project, a facility set to become one of the world’s largest and most advanced basic polymer producers, the company said. The Amur GCC project envisages construction of a basic polymer production facility with a total capacity of 2.7 million metric tons per year of … Read more Sibur begins Construction of Amur Gas Chemical Project

Indorama Acquires PET Recycling Facility in Poland

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Indorama Ventures Ltd. (IVL) announced that it has, through its indirect subsidiary Indorama Netherlands B.V., signed a Conditional Share Purchase Agreement with O.R.V. Ovattificio Resinatura Valpadana S.P.A. and OPOKA LTD., to acquire a 100% equity stake of Industrie Maurizio Peruzzo Polowat spółka z ograniczoną odpowiedzialnością (IMP Polowat), a limited-liability company incorporated under the laws of … Read more Indorama Acquires PET Recycling Facility in Poland

SK Capital to Acquire the Specialty Polymers Business from Baker Hughes

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Funds advised by SK Capital Partners, LP a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced it has signed a definitive agreement to acquire the specialty polymers business from Baker Hughes. The financial terms of the deal have not been disclosed. The specialty polymers business, with manufacturing operations in Barnsdall, … Read more SK Capital to Acquire the Specialty Polymers Business from Baker Hughes

SK Capital Buys Majority Stake in Techmer PM

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SK Capital, which manages a growing portfolio of companies focused on the specialty materials, chemicals, and pharmaceuticals sectors, has acquired a majority interest in Techmer PM LLC, a designer and producer of engineered compounds and colour and additive concentrates for the plastics and fibre industries. The financial terms of the deal have not been disclosed. … Read more SK Capital Buys Majority Stake in Techmer PM

Celanese Sells its Share of Polyplastics for $1.575 Billion to Daicel

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Celanese Corp. (Dallas, Tex.) announced it has reached a definitive agreement to sell its 45% equity investment in the Polyplastics joint venture (JV) to Daicel Corporation for $1.575 billion. Following the completion of the transaction, Daicel will own 100% of Polyplastics. Celanese’s Engineered Materials presence in Asia is significantly greater now than when the Company … Read more Celanese Sells its Share of Polyplastics for $1.575 Billion to Daicel

Polychem Ltd’s Full-Year Net Profit Declines 15.5% to Rs 3.06 Cr

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Polychem Ltd., a vinyl polymers manufacturer based in India announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company’s net profit decreased 28.4% to Rs 0.58 crores ($0.08 million) for the period ended March 31, 2020 as against net profit of Rs 0.81 crores ($0.1 million) during the … Read more Polychem Ltd’s Full-Year Net Profit Declines 15.5% to Rs 3.06 Cr

PolyOne Completes Clariant Masterbatch Acquisition

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PolyOne Corporation, a leading global provider of specialized polymer solutions, has completed its purchase of the color masterbatch businesses of Clariant and Clariant Chemicals India Ltd.  PolyOne also announced that it has changed its name and will now be called Avient. “We proudly welcome our newest associates and valued customers from Clariant Masterbatch.  They are … Read more PolyOne Completes Clariant Masterbatch Acquisition

Indo Rama Synthetics Reports a Net Loss of $41.9 Million for FY19-20

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Indo Rama Synthetics (India) Limited, one of India’s major polyester manufacturer, announced its results for the quarter and financial year ended March 31, 2020. Q4 Results The company reported a net loss of Rs 49.84 crores (-$6.6 million) for the quarter ended March 31, 2020 as compared to a net loss of Rs 169.33 crores … Read more Indo Rama Synthetics Reports a Net Loss of $41.9 Million for FY19-20

Vinyl Chemicals India Reports Drop in FY19-20 Q4 Net Profit

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Vinyl Chemicals India Ltd., an Indian VAM (vinyl acetate monomer) manufacturer has reported financial results for the period ended March 31, 2020. Q4 Results The company’s net profit fell by 93.07% to Rs 0.25 crore ($0.03 million) for the period ended March 31, 2020 as against Rs 3.61 crores ($0.47 million) for the period ended … Read more Vinyl Chemicals India Reports Drop in FY19-20 Q4 Net Profit

Mitsui Chemicals Commissions New PP Compounding Plant in the Netherlands

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Mitsui Prime Advanced Compounds Europe, a joint venture between Mitsui Chemicals (75%), Mitsui & Co. (15%) and Prime Polymer Co. (10%), has commissioned its first polypropylene (PP) compounding plant in Europe. Located within Chemelot Industrial Park in the Netherlands, Advanced Compounds Europe marks Mitsui Chemicals Group’s first polypropylene (PP) compounding site in Europe. The facility … Read more Mitsui Chemicals Commissions New PP Compounding Plant in the Netherlands

SRF Limited Reports Drop in Q4 Revenue, Rise in FY20 Profit

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SRF Limited, an Indian industrial and specialty intermediates manufacturer announced its consolidated financial results for the fourth quarter and full year ended March 31, 2020. Q4 Financials The consolidated revenue of the Company decreased 4% to Rs. 1,858 crore ($245.9 million) in Q4FY20 as against Rs. 1,937 crore ($256.3 million) in the prior year quarter. … Read more SRF Limited Reports Drop in Q4 Revenue, Rise in FY20 Profit

BP Licenses PTA Tech to Weilian Chemical in China

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BP has agreed to license its latest-generation PTA technology to China’s Dongying Weilian Chemical. Under the terms of the contract, BP will license its latest generation of PTA technology to Dongying United Petrochemical for the production of purified terephthalic acid in China. A subsidiary of Dongying United Petrochemical, Weilian Chemical plans to build a 2.5 … Read more BP Licenses PTA Tech to Weilian Chemical in China

Indian Tribunal Blames LG Chem for Safety Lapses at Vizag Polymer Plant

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A committee appointed by India’s top environmental court has blamed “gross human failure” and lack of basic safety norms for a gas leak in LG Chem polymer plant last month that killed 12 people and sickened hundreds. The committee said the tanks from which the gas leaked May 7 at the LG Polymers plant in … Read more Indian Tribunal Blames LG Chem for Safety Lapses at Vizag Polymer Plant

Update: India Considers COVID-19 Import Tax on Chemicals

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India to consider imposing a 15% “Covid-19” import tax on chemicals to help protect its domestic industry from major exporting nations in East and SE Asia. The domestic industry has been badly affected by a major demand slump as a result of nationwide coronavirus lockdown. The new tax, which would be in effect from 1st May … Read more Update: India Considers COVID-19 Import Tax on Chemicals

LG Polymers Gas Leak at Viskhapatanam Plant Kills Eight

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A gas leak at LG Polymers India Pvt Ltd polymer plant at Visakhapatnam, India left at least eight dead and about 800 people sick. The incident took place on 7 May at around 02:30 am IST. The gas reportedly started leaking when the workers were preparing to reopen the plant today post lockdown. The gas … Read more LG Polymers Gas Leak at Viskhapatanam Plant Kills Eight

India’s Chemical Exports Rise 7% between Apr ’19-Jan ’20

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India’s chemical exports rose by 7% to Rs 2.68 lakh crore ($35.2 billion) during April-January period of the last fiscal, and became the top exporting sector in the country for the first time, the government said on Saturday.  “Union Minister of Chemicals and Fertilisers D V Sadananda Gowda congratulated the chemicals and petrochemicals industry on becoming the … Read more India’s Chemical Exports Rise 7% between Apr ’19-Jan ’20