SABIC (Jubail, Saudi Arabia) and Malaysia-based plastic recycling company HHI, have announced a pioneering new collaboration to create the first certified circular polymers produced through the advanced recycling of recovered mixed and used ocean-bound plastic. The certified circular polyolefins from…
PJSC Tatneft (Almetyevsk, Republic of Tatarstan, Russia) and Kazakhstan’s national oil and gas corporation, KazMunayGas, have signed a corporate agreement on the operation of the Butadien LLP joint venture for the project implementation for the production of butadiene rubbers. The…
Lanxess AG (Cologne, Germany) announced that it will build a second compounding line for Durethan- and Pocan-branded high-tech engineering plastics at its manufacturing site in Changzhou, China. An investment of around €30 million will increase the capacity in Changzhou by…
Cabot Corp. (Boston, Ma.) entered into an agreement to sell its Purification Solutions business to One Equity Partners, a middle market private equity firm, in a transaction valued at $111 million, subject to certain debt-like and other closing adjustments. Cabot’s…
Westlake Chemical Corp. (Houston) announced that it has entered into a definitive agreement with Hexion Holdings Corp. (Columbus, Ohio) to acquire Hexion's global epoxy business for approximately $1.2 billion. Based in Rotterdam, The Netherlands, Hexion’s epoxy business is an industry…
Johnson Matthey plc (JM; London) announced the sale of its Advanced Glass Technologies (AGT) business, a leading global provider of specialist glass enamels and precious metal pastes supplied mainly to the automotive sector. AGT is part of Value Businesses in…
Asahi Kasei Corp. (Tokyo, Japan) concluded an agreement with Shell Eastern Petroleum (Pte) Ltd. regarding the supply of butadiene derived from plastic waste and biomass (sustainable butadiene). The signing ceremony was held at the “Creating the Plastic Circular Economy in…
BASF SE (Ludwigshafen, Germany) is bundling its activities in renewable energies under the umbrella of BASF Renewable Energy GmbH as of January 1, 2022. The wholly owned subsidiary’s business activities will focus on supplying the BASF Group in Europe with…
INEOS Styrolution (Frankfurt, Germany) confirmed its decision to invest into a pilot plant for advanced recycling of polystyrene. The site will be set up in collaboration with Recycling Technologies in Swindon, U.K. It is expected to be operational in the…
Bp plc (London) is planning a new large-scale green hydrogen production facility in the northeastern region of the U.K. that could deliver up to 500Mwe (megawatt electrical input) of hydrogen production by 2030. To be developed in multiple stages, HyGreen…