Versalis, Eni’s chemical company, has agreed to license the continuous mass technology for a 70,000 tone per year ABS unit to Supreme Petrochem Ltd. a leading Indian polystyrene and expandable polystyrene producer. The unit will be built in the Amdoshi –Wangani, District Raigad, in Maharashtra state, India. This state-of-the-art technology will produce styrenic polymers with … Read more
INEOS Styrolution, the global leader in styrenics, has confirmed its decision to invest into a pilot plant for advanced recycling of polystyrene. The site will be set up in collaboration with Recycling Technologies in Swindon, UK. It is expected to be operational in the second half of 2022. The decision announced today is a significant … Read more
Westlake Chemical Corporation announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexion’s global epoxy business for approximately $1.2 billion. The deal is anticipated to be completed in the first half of 2022 following customary closing conditions. With this transaction, Westlake will significantly expand its integrated business by adding a … Read more
LG Chem Ltd. and GS Caltex will team up to jointly develop mass production technologies of eco-friendly materials for a circulating economy and carbon neutrality. LG Chem signed Joint Development Agreement (JDA) related to the development of mass production technology for 3HP (hydroxypropionic acid), which is a biodegradable plastic material, and production of prototypes with … Read more
Lanxess AG announced that it has started up a new production line for the manufacture of water-based compounds in Nantong, China. The business belongs to the Urethane Systems (URE) business unit which is also producing polyurethane dispersions, an important ingredient of the compounds. Under the Pellart brand, these products are used in many functional coatings … Read more
INEOS Styrolution India Ltd., an Indian subsidiary of styrenics supplier INEOS Styrolution announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 4.6% to Rs 900.26 million for the period ended September 30, 2021 as against net profit of Rs 860.31 million for the previous quarter. … Read more
Ester Industries Ltd., a polymers manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 12.5% to Rs 323.36 million for the period ended September 30, 2021 as against net profit of Rs 369.33 million for the previous quarter. Net sales increased … Read more
Lummus Technology announced that it has executed a memorandum of understanding (MoU) with Braskem Netherlands B.V., a subsidiary of Braskem, the largest biopolymer producer in the world. The MOU is for the licensing of Braskem’s green ethylene technology for two ethanol to ethylene conversion projects under development in North America and Asia, signaling a global … Read more
Trinseo has begun work to explore the divestiture of its styrenics businesses and plans to launch a formal sales process in the first quarter of 2022. The scope of this potential divestiture is expected to include the Feedstocks and Polystyrene reporting segments as well as the Company’s 50% ownership of Americas Styrenics. The company had … Read more
DuPont on November 2nd said it has signed a definitive agreement to acquire electronics materials specialist Rogers Corporation for $5.2 billion. With this acquisition, Dupont said it will expand its leading position in high growth markets such as electric vehicles, advanced driver assistance systems (ADAS), 5G telecommunications and clean energy. The acquisition is expected to … Read more
DCW Ltd., a chlor-alkali chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit grew 47.1% to Rs 196.72 million for the period ended September 30, 2021 as against net profit of Rs 133.72 million for the previous quarter. Net sales increased … Read more
Eastman Chemical Company announced it and certain of its subsidiaries have entered into a definitive agreement to sell its adhesives resins assets and business to Synthomer plc for total cash consideration of $1 billion dollars. The sale consists of hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and … Read more
Ecolab Inc. has entered into an agreement to acquire Purolite, a provider of high-end ion exchange resins for the separation and purification of solutions, which is critical to safe, high quality drug production and biopharma product purification in the life sciences industries. It also provides purification and separation solutions for critical industrial markets like microelectronics, … Read more
Atul Ltd., a chemical manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQ The company’s net profit declined 11.6% to Rs 1.46 billion for the period ended September 30, 2021 as against net profit of Rs 1.66 billion for the previous quarter. Net sales increased 14.5% … Read more
DCM Shriram Ltd., a chlor-alkali and chloro-vinyl manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 0.2% to Rs 157.87 crores ($21 million) for the period ended September 30, 2021 as against net profit of Rs 157.5 crores ($21 million) for the … Read more
Bhansali Engineering Polymers Ltd., a polymer and other allied products manufacturer based in India announced its results for the second quarter ended September 30, 2021. Q2 Results- QoQThe company’s net profit grew 59.8% to Rs 123.6 crores ($16.4 million) for the period ended Septem-ber 30, 2021 as against net profit of Rs 77.38 crores ($10.3 … Read more
Arkema has announced the construction of a polyamide 11 powders plant on its Changshu platform in China, scheduled to come on stream in the first quarter of 2023. This investment will further support the growing demand for advanced bio-circular materials in Asia. This plant will be built in parallel with its major project to increase … Read more
LG Chem Ltd. announced that it will invest around 60 billion won to construct an Acrylonitrile butadiene styrene (ABS) compound plant at the site of the company’s Ohio Tech Center in the United States with an annual production capacity of 30,000 tons by 2023. The plant will produce customized ABS products locally that reflect customer … Read more
SABIC, a global leader in the chemical industry, has announced the start-up of its new polypropylene (PP) compounding line in Genk, Belgium with a virtual inauguration event. The new line is an addition to the company’s existing production capacity for SABIC polypropylene compounds at the Genk site and will use raw materials from SABIC’s PP … Read more
Dow announced its plan to build the world’s first net-zero carbon emissions integrated ethylene cracker and derivatives site with respect to scope 1 and 2 carbon dioxide emissions. The project would more than triple Dow’s ethylene and polyethylene capacity from its Fort Saskatchewan, Alberta site, while retrofitting the site’s existing assets to net-zero carbon emissions. … Read more