Private equity firm SK Capital Partners (New York, New York) has named Asim Bhatia, former senior director/corporate M&A at DuPont, as director/business development. Bhatia, who has held similar roles at Honeywell and Eastman Chemical, “will coordinate and lead the firm’s efforts to identify and develop new investment opportunities,” SK Capital says.
Bhatia’s “experience managing M&A for several of the most respected corporates in our sectors is a highly valuable skill set,” says Mario Toukan, managing director at SK Capital. “We believe a dedicated effort to developing and managing the large pipeline of opportunities across our industries of focus will serve to enhance our investment practice.”
by Vincent Valk
Source: chemweek.com
The investment enables the steam cracker to increase the share of renewable and recycled raw materials used in its (ethylene and propylene) production. The move supports the Borealis Strategy 2030 for a circular economy. The Porvoo investment program is expected to be completed in 2025.
Murray Auchincloss, bp’s CEO, said in a statement: “As I set out in February, BP’s destination from IOC [international oil company] to IEC [integrated energy company] is unchanged – and we need to deliver as a simpler, more focused, and higher-value company.
Founded in 1972, Tecnofilm has expanded its product portfolio over the years to offer a wider range of compounds and functional polymers for various industrial applications and technical articles. The company has patented several of its products.
