Chemicals & Converting
November 15, 2018
The UK’s chemicals trade group CIA welcomed on Wednesday the draft Brexit deal agreed with the EU, but Prime Minister Theresa May has called a government meeting later in the day to seek their support for the agreement. May faces a tough challenge. She first..
November 14, 2018
As developing economies continue their relentless urbanisation, the crude oil industry needs to reverse the declining trends in capital investments post-2014 in order to cater for that growth, the executive director at the International Energy Agency (IEA) said on Tuesday. Fatih Birol said that “there..
November 13, 2018
Latin America has faced political and economic challenges in recent years, but continued expansion of the middle class positions the region as a vital global market for chemical makers with strong potential, says LyondellBasell CEO Bob Patel. “It is a story, just like in China,..
November 12, 2018
The Abu Dhabi National Oil Co. (Adnoc) today signed a framework agreement with Saudi Aramco to explore potential opportunities for collaboration in the natural gas and liquefied natural gas (LNG) sectors. The cooperation brings together two of the world’s leading energy producers from the Arab..
November 9, 2018
LG Chem (Seoul), South Korea’s largest chemical company by revenue, today announced the appointment of Hak Cheol Shin, 61, as vice chairman and CEO. He is currently the vice chairman and executive vice president of 3M and will replace the current LG Chem chairman and..
November 8, 2018
Evonik Industries says that it has signed an agreement with One Equity Partners to acquire PeroxyChem (Philadelphia, Pennsylvania) for $625 million. PeroxyChem is a manufacturer of hydrogen peroxide (H2O2) and peracetic acid (PAA). The company employs approximately 600 people, with eight production sites located mainly..
November 7, 2018
Sika has acquired the global Concrete Fibers business from Propex Holding, LLC, which includes a US plant manufacturing synthetic fibers for use in concrete reinforcement, sales operations in Sika’s three geographical regions, and a strong brand. The acquired business is a perfect addition to Sika’s..
November 6, 2018
Recent legislative decisions in the EU are pushing recycled polyethylene terephthalate (R-PET) in the right direction, but not all European market participants consider them a bold-enough step. – European Parliament moves towards higher recycling rate targets – UK government announces plans to introduce plastics tax..
November 6, 2018
Rasmus Valanko has been appointed as Director, Corporate Responsibility at Kemira starting on February 1st, 2019. Rasmus is currently the Director of Climate and Energy at the World Business Council for Sustainable Development (WBCSD). In this role he is responsible for a wide portfolio of..
November 5, 2018
SABIC, currently in the process of being acquired by Saudi Aramco, on Sunday announced its decision to establish a new company called SABIC Agri-nutrient Investments, which will consolidate all its equity shares and assets currently held in several companies producing fertilizers. The plan is to..