Trinseo is restarting the sales process for its Styrenics business, and it will focus on marketing individual plants and regional businesses, the US-based styrenics and engineered materials producer said on Thursday.
Trinseo had paused the process in July 2022 because of economic uncertainty and deterioration in financial markets.
Prior to that, the company had planned to sell its feedstocks and polystyrene segments as well as its 50% stake in Americas Styrenics (AmSty). Trinseo and Chevron Phillips Chemical own equal stakes in AmSty.
By Al Greenwood
Source: icis.com
Neste Corp. will collaborate with Dutch terminals operator Tepsa for the storage and handling of liquefied waste plastics at Rotterdam, Netherlands, to enhance Neste’s chemical recycling logistics infrastructure in Europe. Neste said that following successful industrial-scale processing runs at its integrated crude oil refining and petrochemicals site at Porvoo, Finland.
Archroma, a global leader in specialty chemicals towards sustainable solutions, has announced that Rajiv Sharma has been appointed as the new Chief Executive Officer (CEO) with key responsibility for the Textile Effects business, effective October 1, 2024. Current Group CEO Mark Garrett will transition to the Archroma Board of Directors.
The challenges facing the European chemical industry, particularly in Germany, have compelled the world’s largest chemical maker to rethink its scale and diversified approach. BASF has announced a strategic shift, splitting its portfolio into “core” and “standalone” businesses.
