Matthew R. Pixton (Ph.D. Chemical Engineering) has been appointed Chief Technology Officer (CTO) and a member of the Management Board of Kemira as of January 1, 2018.
He was previously heading Kemira’s R&D and Technology, Americas organization in Atlanta, USA, and he will continue to be based in Atlanta in his new position. Matthew will report to Jari Rosendal, Kemira’s President and CEO.
Matthew has extensive experience in the specialty chemical and polymer industries with global and regional leadership roles in R&D, product and process development as well as technology. He joined Kemira in 2016 from Dow Corning Corporation, where he was Vice President of Science and Technology for the Hemlock Semiconductor Division.
Eastman is investing up to US$1 billion in building what it says is the world’s largest molecular plastics recycling facility in France. The new facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tons of hard-to-recycle plastic waste annually – enough plastic waste to fill Stade de France national football stadium 2.5 times.
Korean battery maker LG Energy Solution has opened the books to investors to raise up to $10.8 billion in the country’s largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 257,000 won to 300,000 won ($216.19-$252.36) apiece to raise between $9.2 billion and $10.8 billion, the term sheet showed.
The SHYNE (Spanish Hydrogen Network) project is the largest multisectoral consortium in Spain, created to promote the decarbonization of the economy through renewable hydrogen. SHYNE will have a total investment of €3.23 billion euros that will serve to develop more competitive technologies and evolve both the Spanish industry and its infrastructure towards decarbonization, generating more than 13,000 jobs.