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Lanxess to build new engineering plastics production line in Changzhou
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 to sell Purification Solutions business for $111 million
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 to acquire Hexion’s epoxy business for $1.2 billion
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 to divest Advanced Glass Technologies business
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 and Shell announce sustainable butadiene supply agreement in Singapore
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 to launch new renewable energy subsidiary
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…
Styrolution to build advanced-recycling pilot plant for polystyrene
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 to build large-scale green-hydrogen plant in the U.K.
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…
Clariant offers free nitrous-oxide-abatement catalyst to nitric acid producers
Clariant (Muttenz, Switzerland; www.clariant.com), a focused, sustainable and innovative specialty chemical company, today launched a major global campaign to reduce the climate change impact of nitrous oxide (N2O). Drawing on decades of catalyst research expertise, the company has developed the…
Phigenesis to license Lummus pyrolysis technology for new chemical recycling plants
Lummus Technology (Houston), through its Green Circle subsidiary, announced that it has finalized a Letter of Intent (LOI) with Phigenesis, a U.K.-based company established to deliver ISCC+ certified renewable chemical feedstock for use in existing petrochemical plants to manufacture virgin…