Chemicals & Converting
May 27, 2019
BASF announced today that it has developed a process for the production of methanol without any greenhouse gas emissions. It has applied for patents covering the technology. The company says that if the process can be successfully implemented at an industrial scale, the entire production..
May 24, 2019
Automotive sales are falling in all major regions of the world, with knock-on effects for chemicals demand in many value chains. Faltering economic growth in many countries and nervousness about the escalating US-China trade war are affecting sentiment everywhere, and especially in Asia and the..
May 23, 2019
The linear economic model that has dominated industry and petrochemicals production up to this point is no longer viable, with an inevitable shift to a circular economy likely to drive a transformation in the chemicals industry, the European Commission’s director general for the environment said..
May 22, 2019
The US has agreed to remove tariffs on imports of Canadian aluminium and steel, the two governments said on Friday. The US imposed the tariffs under Section 232, which allows the country to do so if it deems that the imports threaten national security. In..
May 21, 2019
PPG Industries will maintain its current business portfolio following a strategic review taken after activist investor Trian Partners (New York) advocated that the company consider separating its architectural coatings business. The review, which included “separate and independent” assessments by investment banks Goldman Sachs and Morgan..
May 20, 2019
Fluor has confirmed Carlos Hernandez as its CEO. He was previously named interim CEO in early May after the David Seaton resigned following disappointing Q1 results. As Fluor’s stock price is currently just under $30, down from $43 just prior to this latest announcement and..
May 17, 2019
Asian petrochemicals producers and stakeholders have expressed cautious optimism at this year’s APIC conference now under way in Taipei, despite forecasts for lower earnings compared with last year. In their opening plenary addresses, chairmen of the seven APIC associations focused on issues affecting the region,..
May 16, 2019
Arkema announced today that it is to acquire ArrMaz Products (Mulberry, Florida), a producer of specialty surfactants for crop nutrition, mining and infrastructure, from Golden Gate Capital for $570 million. ArrMaz has sales of some $290 million, an EBITDA margin of 18% and around 2.5%..
May 16, 2019
German chemical association VCI on Wednesday said 2019 will be a difficult year, pointing to geopolitical problems, as it confirmed its downbeat forecast. Production in the chemical and pharmaceutical industries, which are important contributors to Germany’s gross domestic product, grew by 0.5% in the first..
May 15, 2019
German speciality chemicals company Evonik has announced the reorganisation of its polyamide business to focus activities on speciality materials. Under the reorganisation process, the company will move out completely from the polyphthalamide (PPA) business at the Witten site. In addition, the company said that the..