Covestro AG said Friday that it has extended the contract of Chief Executive Officer Markus Steilemann for a further five years.
Steilemann’s contract will now run until May 31, 2028, after the German polymer manufacturer and supplier’s supervisory board decided to extend the contract ahead of schedule.
Steilemann has been on the Covestro board of management since September 2015 and has been CEO since June 2018.
By Pierre Bertrand
Source: marketwatch.com
Solstice Advanced Materials (Morris Plains, New Jersey) has announced it has entered into a definitive agreement to acquire Element Solutions (Miami) in a cash-and-stock transaction valued at approximately $14.5 billion. The deal is expected to close in the first half of 2027, subject to customary closing conditions.
TotalEnergies Corbion has commercialized Luminy Foam 50F, a high melt strength PLA material designed for extrusion foamed packaging applications. The bio-based material is positioned as a drop-in alternative to XPS for fresh food trays, clamshells, and bowls, with minimal changes needed on existing lines. The company says the sugarcane-based PLA can reduce carbon footprint by at least 70% compared to XPS foam.
Africa faces mounting waste challenges, exacerbated by plastic waste imports disguised as recycling, says GAIA’s Naidoo. Ghana and Nigeria are among the countries leading zero-waste efforts, focusing on recycling and reducing single-use plastics. Women waste pickers play a pivotal role in grassroots waste management, despite facing discrimination and challenges.
