The world’s largest chemical company is expanding in the Houston area.
Germany-based BASF said it completed two plastic and chemical expansions just outside of Houston at its Pasadena complex.
The capacity expansions contribute to the production of plasticizers used to soften and increase the flexibility of rigid materials like polyvinyl chloride, called PVC.
BASF said it increased its production of dioctyl terephthalate, or DOTP, which is a general purpose plasticizer, by 60,000 metric tons a year. Likewise, BASF upped its production of 2-ethylhexanol, which is a DOTP raw material, by 100,000 metric tons annually.
Corteva (Indianapolis, Indiana) says it has signed a definitive agreement to acquire Stoller Group (Houston, Texas), a producer of biostimulants and plant nutrition products, for $1.2 billion. Stoller is one of the largest independent biologicals companies globally, with operations in more than 60 countries and more than $400 million in annual sales.
OMV has announced its new corporate structure today, designed to fully enable the delivery of Strategy 2030. The new organization will be built on five distinct areas. In addition to the CEO and CFO areas, three business segments will be established: Chemicals & Materials, Fuels & Feedstock, and Energy.
The European petchem sector is readying for some tough quarters. It’s a different picture in the US. So is this the best time ever to find a new role in the chemical industry? If you are in Europe, you would expect me to say probably not. But actually, it depends. So let me give you four answers to this question.
