Ascend Performance Materials has reached an agreement to acquire Formulated Polymers Ltd., a leading engineered materials manufacturer in Chennai, India. Expected to close on May 1, this acquisition will establish Ascend’s first manufacturing base in the subcontinent and strengthen Ascend’s global reach in the electrical and e-mobility application space. The deal includes a worldscale manufacturing … Read more
Petronas signed a Memorandum of Understanding (MoU) with KDEB Waste Management (KDEBWM) and One Biosys Sdn Bhd for the supply of plastic waste from landfills and evaluation of potential collaboration to build waste segregation facilities in Malaysia. Under the MoU, KDEBWM and One Biosys will supply plastics waste that consists of polyethylene (PE), polypropylene (PP) … Read more
Oil India Limited announced that the Board of Directors at its meeting held on March 16, 2022, has approved Rs 65.55 billion ($861 million) investment by subsidiary company Numaligarh Refinery Limited (NRL) for implementation of petrochemical project at Numaligarh, Assam. The board also approved the formation of a joint venture company between Assam Gas Company … Read more
The Board of directors of Supreme Petrochem Ltd. in its meeting held recently has approved Phase II expansion of its Expandable Polystyrene (EPS) plant at Nagothane, Maharashtra by 30,000 MTA. The Board has also approved setting of second line of Extruded Polystyrene Board (XPS) with capacity of 100,000 M3 and increasing the Masterbatch and Compounds … Read more
SABIC has announced a new collaboration with Kraton to deliver certified renewable butadiene from its TRUCIRCLE portfolio for use in Kraton’s certified renewable styrenic block copolymers (SBC). This effort forms part of SABIC’s 2025 strategy, which includes a Sustainability Development Goal roadmap spanning the organization’s entire value chain and addressing 10 goals to help drive … Read more
Advanced Petrochemical Co. has announced that Advanced Polyolefins Industry Co., a subsidiary company, has signed a loan agreement with the Saudi Industrial Development Fund (SIDF). The loan agreement is valued at 3 billion Saudi Riyals ($800 million), and comes as a completion of the procedures and requirements stipulated by SIDF in the conditional loan approval. … Read more
HEXPOL has signed an agreement to acquire 70% of the shares in almaak from the existing owners Mr. Olaf Eichstädt and Mr. Thomas Schmeinta. almaak is a specialist in high quality recycled engineered polymer compounds based in Germany. The acquisition is fully in line with the HEXPOL´s M&A strategy with desired growth in thermoplastic compounding … Read more
BASF India Limited will expand the production capacity of its Ultramid polyamide grades to meet increasing market demand. The increased capacity at BASF’s production site in Panoli, Gujarat, will be available in Q4 2022. “The additional capacity reaffirms our dedication to being our customers’ supplier of choice for polyamidesand will help us meet the rapidly … Read more
Covestro recently started up two polycarbonate compounding production lines at its Greater Noida plant near New Delhi in India. The new plants are intended to meet the growing demand for compounded plastics, particularly for the automotive and electrical and electronics industries. In addition to its extensive polycarbonate portfolio, the company now has more than double … Read more
Mitsui Chemicals, Inc. announced that its subsidiary Prime Polymer Co., Ltd. has become the first company in Japan to commercially produce and ship biomass polypropylene (PP). Derived from bio-based hydrocarbons, this PP is certified as bio-based using the mass balance method in accordance with ISCC PLUS certification for plastic and chemical derivatives. Mitsui Chemicals received … Read more
Borouge, a joint-venture between The Abu Dhabi National Oil Company (ADNOC) and Borealis Group AG (Vienna, Austria), has announced the successful start-up of its new fifth polypropylene unit (PP5) in Ruwais. The new unit will contribute to boosting the UAE’s production of polypropylene to meet the growing global demand for manufactured products in the recyclable … Read more
Celanese has agreed to acquire the bulk of DuPont’s Mobility and Materials unit for $11 billion, combining two of the world’s leading engineering polymers businesses. Included in the transaction are many materials that are used in demanding applications such as automotive and electronics parts. One key material is DuPont’s nylon 6,6 business, which has been … Read more
Atul Ltd., a leading chemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021. Q3 Results- QoQ The company’s net profit grew 6% to Rs 1.55 billion for the period ended December 31, 2021 as against net profit of Rs 1.46 billion for the previous quarter. Net sales grew … Read more
Bharat Petroleum Corporation Ltd (BPCL) has set up a superabsorbent polymer (SAP) technology demonstration plant of 200 tonnes per annum at the Kochi Refinery. The plant was inaugurated by BPCL’s executive director in-charge (refineries) Sanjay Khanna, in the presence of other officials. Using the in-house acrylic acid as feedstock, SAP technology is used in various … Read more
BASF decided to build a new hexamethylene diamine (HMD) plant in Chalampé, France. The new plant is set to increase BASF’s annual HMD production capacity to 260,000 metric tons. Production is expected to start in 2024. Furthermore, BASF will expand its polyamide 6.6 (Nylon-6,6) production in Freiburg, Germany starting 2022. The planned investments will further … Read more
Eastman Board Chair and CEO Mark Costa, French President Emmanuel Macron jointly announced Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated. The … Read more
WL Plastics Corporation, a subsidiary of INEOS USA has announced it has completed the acquisition of the polyethylene pipe extrusion assets of Charter Plastics, Inc. located in Titusville, Pennsylvania. This strategic acquisition provides the opportunity for WL Plastics to further diversify its product offerings, expand its customer base, and enter new regional markets. The Titusville … Read more
Röhm, a Germany-based methacrylate chemicals supplier is expanding its production plant for PLEXIGLAS (polymethyl methacrylate) molding compounds in Shanghai. The expanded molding compounds plant will go into operation in the second quarter of 2023. Polymethyl methacrylate (PMMA) molding compounds are sold in the US under the brand name ACRYLITE. Recently, the company has announced the … Read more
INVISTA Textiles (U.K.) Ltd. and China Resources Yantai Nylon Co., Ltd., a subsidiary of China Resources Holdings, signed an agreement for the licensing of INVISTA’s nylon 6,6 polymerization technology. With INVISTA’s leading expertise in nylon 6,6 production technology and process, this partnership continues to exemplify INVISTA’s commitment to promoting the development of the nylon 6,6 … Read more
Chemicals producer Borealis AG delayed the start of a plastics plant in Belgium, its biggest investment in Europe, citing Covid-19. The plant in Kallo in the port of Antwerp will begin production in the third quarter of 2023, the company said in an email. It had previously targeted starting operations by the end of next … Read more