Chemicals & Converting

Sadara seals off-take deal to supply Saudi-German JV with EO, PO

January 22, 2018

Sadara Chemical has signed a deal to supply ethylene oxide (EO) and propylene oxide (PO) to SADIG-ILCO, a new Saudi-German joint venture focused on EO and PO derivative products, Sadara said in a statement late Tuesday. Under the deal, SADIG-ILCO’s new PlasChem Park facility at..

Chemical industry in bid to harness Germany’s green power overload

January 19, 2018

Evonik has become the latest German chemical maker seeking to convert excess renewable power into chemical building blocks that would normally require oil, harnessing erratic flows of wind and solar power in the country. The maker of clear acrylic sheet, rubber chemicals and feed additives,..

EU chems aim to engage on recycling, but true circular economy still far

January 17, 2018

EU petrochemical sources have embraced the drive for more recycling but figureheads like the European chemical regulator’s executive director conceded a true circular economy is still a distant thought. The European Commission published on 16 January its very first Europe-wide strategy for plastics, which called..

Saudi-German JV to invest in specialty chemicals next to Sadara

January 17, 2018

Sadara, the joint venture (JV) between Saudi Aramco and Dow Chemical, announced today that it has signed a supply agreement with SADIG-ILCO, a new Saudi-German JV focused on specialty chemicals. The agreement covers the supply of ethylene oxide (EO) and propylene oxide (PO) from Sadara’s..

Newly formed Nutrien to sell Israel Chemicals stake

January 16, 2018

Newly formed Nutrien today announced that its wholly-owned subsidiary, Potash Corporation of Saskatchewan, intends to sell 176,088,630 ordinary shares of Israel Chemicals (ICL; Tel Aviv), its entire holding in ICL, in a private secondary offering, subject to customary closing conditions. The offering is expected to..

ANGUS Chemical Company names Dave Neuberger as CEO

January 16, 2018

ANGUS Chemical Company, a leading global manufacturer and marketer of specialty and fine chemicals, today announced the appointment of Dave Neuberger as Chief Executive Officer (CEO), effective immediately. Mr. Neuberger succeeds Mark Henning, who will step down as CEO. Mr. Neuberger is an industry veteran..

Sika acquires majority stake in Italian roofing and waterproofing systems manufacturer

January 16, 2018

Sika has acquired a majority stake in Index Construction Systems and Products, a leading manufacturer of roofing and waterproofing systems headquartered close to Verona, Italy. The company generates annual sales of CHF 115 million. By acquiring Index, Sika will extend its product range and significantly..

Croda completes international acquisitions

January 15, 2018

Listed speciality chemicals giant Croda International, which supplies products for some of the world’s biggest brands, has completed two international acquisitions. Nautilus Biosciences Canada is a technology-rich marine biotechnology company based in Charlottetown, Canada. The two companies have worked together for the past six years..

There’s a great future in plastics…for oil

January 15, 2018

Located in the desert northeast of Riyadh, not far from the Persian Gulf, is Sadara Chemical Company. The nearly 5 square mile petrochemical plant is a joint venture of American company Dow Chemical and the Saudi national oil company, Saudi Aramco. Rami, a mechanical engineer..

Hexion sells additives business to German firm

January 12, 2018

Hexion says it has sold its additives technology group (ATG) to Munzing Chemie (Abstatt, Germany), a privately-held additives maker, for $50 million. The ATG business is a producer of catalysts, release agents and wetting agents for the wood, paper impregnation and laminating markets. It was..