Borealis CEO Mark Garrett has decided to leave the company “to pursue a new career path,” the company says. The Borealis supervisory board says it “regrets but accepts this decision” and has appointed Alfred Stern to succeed Garrett as CEO, effective 2 July.
Stern is currently executive vice president/polyolefin business and innovation at Borealis. He joined the company in 2008 and earlier worked at the former DuPont. Stern jointed the Borealis board in 2012.
By Ian Young
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.