Chemicals & Converting

Linde AG reorganises executive board

December 10, 2018

The Supervisory Board of Linde AG has appointed Dr Sven Schneider spokesman of the company’s Executive Board. Sven Schneider, previously CFO of Linde AG, will take up his new position on the date on which Linde AG’s obligations under the Hold Separate Order of the..

Sipchem and Sahara sign binding merger agreement

December 7, 2018

Saudi International Petrochemical Co. (Sipchem) and Sahara Petrochemicals Co. today announced the signing of a binding implementation agreement for their merger of equals through a share swap. This follows the signing of a nonbinding memorandum of understanding on 3 October. Sahara and Sipchem each have..

Sika appoints Thomas Strittmatter new VP concrete admixtures business

December 7, 2018

Thomas Strittmatter has been named Vice President of Sika Corporation Target Market Concrete. In his new role, Thomas will be responsible for defining and implementing the strategic direction of Sika’s Concrete Admixture business in the US with a constant focus on profitable growth while continuing..

Borealis goes ahead with major PP expansion in Belgium

December 6, 2018

Borealis announced on Thursday that it has made a final investment decision to expand polypropylene (PP) capacity in Belgium. The company previously said that it is studying the feasibility of increasing its PP capacity significantly. Borealis will add 80,000 metric tons/year PP capacity at its..

SABIC buys half of Japanese consortium’s stake in large methanol JV

December 5, 2018

SABIC today [Tuesday] announced a new structure to its Saudi Arabia Methanol Co. joint venture, also known as Ar-Razi. Ar-Razi until now has been equally owned by SABIC and the Japan Saudi Methanol Co. (JSMC), a Japanese group led by Mitsubishi Gas Chemical (MGC). SABIC..

Hanwha Total Petrochemical invests in new polypropylene plant

December 4, 2018

Hanwha Total Petrochemical, a 50/50 joint venture between Total S.A. (Paris, France) and Hanwha Group (Seoul, South Korea), will invest nearly $500 million to further expand its Daesan integrated refining and petrochemical complex in South Korea. The planned investment will increase polypropylene capacity by close..

EU chems likely to shift production processes with emissions targets – Commission

December 3, 2018

Proposed EU emissions reductions targets to 2050 are likely to prompt chemicals producers to shift to new production processes such as renewable hydrogen or sustainable biomass-based feedstocks, according to the 28-country bloc’s executive body. European Commission’s documents leaked to EU policy journal Euractiveb on Wednesday,..

Qatar to quit OPEC in the New Year

December 3, 2018

Qatar announced on Monday that it will withdraw from the 15-member Organization of Petroleum Exporting Countries (OPEC) as of 1 January 2019, in part to focus on liquefied natural gas (LNG). Announcing the move, Saad Sherida al-Kaabi, Qatar’s minister of state for energy, said the..

Rising electricity costs a ‘big concern’ for Germany’s chemicals industry – VCI

November 30, 2018

Germany’s position as the second-most expensive country in the EU for electricity prices is a “big concern” for the chemical industry, a spokesperson for the country’s trade group VCI said to ICIS on Thursday. Earlier this week, the European statistical agency Eurostat said that average..

Sipchem and Sahara will jointly look at US investments

November 29, 2018

Saudi International Petrochemical Co. (Sipchem), a producer of methanol and acetyls currently in talks to merge with Sahara Petrochemicals, will resume its talks to invest in a shale gas–based project in the United States at the end of the first quarter of 2019, Sipchem’s CEO..