LyondellBasell has appointed Michael McMurray executive vice president and chief financial officer (CFO), effective 5 November. He replaces Thomas Aebischer, who will retire at the end of 2019.
McMurray joins LyondellBasell following a nearly 11-year career at Owens Corning, where he served as vice president/investor relations and treasurer; vice president/finance for the building materials group; and, for the past seven years, CFO. He previously spent 21 years with Royal Dutch Shell.
“Because he has worked both upstream and downstream of LyondellBasell, he has a unique perspective on market dynamics and how we can continue to create and deliver value,” says Bob Patel, CEO of LyondellBasell.
By Clay Boswell
Source: Chemical Week
Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.
Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.
Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.
