Germany’s Evonik is building a new specialty copolymers plant at its Witten site in Germany which is expected to start commercial operations in the first quarter of 2018, the specialty chemicals maker said on Tuesday.
The company will invest “a mid-double-digit million euro sum in the plant, which will have an annual production capacity of several thousand metric tons”, the company said in a statement.
The project is on track to reach mechanical completion by end of November 2017, it said.
Polyester based coatings are perceived as a good alternative to substitute the standard epoxy based coating systems to ensure food packaging that are free of bisphenol a, Evonik said.
“Evonik has early on anticipated this trend and decided at the end of 2015 to invest in additional capacity to be well prepared to accompany further growth in this market,” it added.
By Nurluqman Suratman
Source: ICIS News
ExxonMobil Corp. (Spring, Tex.) announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.
Ineos Enterprises has announced the acquisition of Eramet Titanium & Iron (ETI) from Eramet for €230 million ($245 million). The deal was completed on Sept. 21 and takes immediate effect, following the satisfaction of regulatory approvals.
Arxada has appointed Sanjeev Rastogi as Chief Executive Officer (CEO), effective immediately. He succeeds Marc Doyle who led Arxada since its foundation and will join the company’s board of directors as a non-executive member.
