Sector News

Sumitomo Chemical merges petchems divisions following Chiba cracker closure

June 17, 2015
Chemical Value Chain
Sumitomo Chemical is merging its petrochemicals and feedstocks division with that of organic chemicals to create a single organic chemicals division, the company announced on Wednesday. The move follows the closure last month of Sumitomo Chemical’s 415,000 m.t./year Chiba ethylene plant. The restructuring is effective 1 July, Sumitomo Chemical tells CW. The restructuring removes one division in the company’s petchems business leaving organic chemicals and propylene oxide as the functioning divisions.
 
Meanwhile, Sumitomo Chemical is also reorganizing its energy and functional materials division, creating a quality assurance office of the energy and functional materials sector. The company tells CW that the restructuring will not result in job cuts but some job relocations are currently under consideration.
 
By Natasha Alperowicz
 

comments closed

Related News

October 2, 2022

Trinseo announces potential closure of Boehlen, Germany Styrene Plant

Chemical Value Chain

Trinseo (NYSE: TSE), a specialty material solutions provider, announced it has initiated an information and consultation process with the Works Council of Trinseo Deutschland GmbH regarding the potential closure of its styrene monomer production site in Boehlen, Germany.

October 2, 2022

Celeste Mastin appointed H.B. Fuller President and CEO, succeeding Jim Owens upon his retirement

Chemical Value Chain

H.B. Fuller Company announced that Celeste Mastin, Executive Vice President and Chief Operating Officer, will succeed Jim Owens as H.B. Fuller’s President and Chief Executive Officer, effective December 4, 2022. Upon assuming the role, Mastin will also join the Company’s Board of Directors, replacing Owens, who will be retiring.

October 2, 2022

LyondellBasell realigns executive team, forms circular and low-carbon solutions business

Chemical Value Chain

New LyondellBasell CEO Peter Vanacker, who joined the company from Neste in May, today named his senior executive team and outlined organizational changes, including creation of a circular and low-carbon solutions business. All changes will be effective 1 October.