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Latest News: Business

PolyOne acquires Pennsylvania-based fiber and composites manufacturer

PolyOne Corp. (Cleveland, Ohio; www.polyone.com) announced the acquisition of Fiber-Line (Hatfield, Pa.; www.fiber-line.com), a global leader in customized engineered fibers and composite materials for $120 million. Founded in 1987, Fiber-Line has utilized its customer-centric culture and specialty innovation to establish…

Indorama acquires PET recycling facilities in Alabama

Indorama Ventures Public Company Limited (IVL; Bangkok, Thailand; www.indoramaventures.com) has entered into an agreement to acquire a polyethylene terephthalate (PET) recycling facility from Custom Polymers PET in Alabama, U.S. The facility consists of two production lines; Recycled Polyethylene Terephthalate (rPET)…

Eni starts up production at bio-oils pilot plant

Eni S.p.A. (Rome, Italy; www.eni.com) announced that Syndial, Eni’s environmental services company, has begun operating at its pilot plant at the Gela refinery in Sicily, Italy. The plant transforms Organic Fraction of Municipal Solid Waste (OFMSW) by recycling it into bio-oil, which…

Saudi Aramco takes full ownership of Arlanxeo joint venture

Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Lanxess AG (Cologne, Germany; www.lanxess.com) announced the completion of Saudi Aramco’s acquisition of LANXESS‘s interest in ARLANXEO Holding B.V., a Netherlands-based specialty chemicals joint venture between Saudi Aramco and LANXESS launched in 2016.…

DuPont to expand nylon polymerization capacity in Germany

DuPont Transportation & Advanced Polymers (T&AP), a global business unit of the DowDuPont’s (www.dow-dupont.com) Specialty Products Division,  recently announced its intention to extend its High Temperature Nylon (DuPont Zytel HTN PPA) polymerization capacity at Uentrop facility in Hamm, Germany. With…

JGC awarded high-performance synthetic-resin production plant project in Thailand

JGC Corp. (Yokohama, Japan; www.jgc.com) has been awarded the contract for the construction of chemical plants that will be the foundation of a high-performance synthetic-resin manufacturing and sales undertaking in Thailand involving Kuraray Co., Ltd., PTT Global Chemical Public Co.…

MilliporeSigma and Kuraray to collaborate on manufacture and supply of PVA

MilliporeSigma (Billerica, Mass.; www.emdmillipore.com) announced it has extended and expanded its collaboration with Kuraray Europe GmbH (www.kuraray.eu) to exclusively supply pharmaceutical polyvinyl alcohol (PVA) grades and improvements to benefit the pharmaceutical market. PVA polymers are used as matrix/drug delivery compounds to…

BASF to expand capacity for methane sulfonic acid at its Ludwigshafen site

BASF SE (Ludwigshafen, Germany; www.basf.com) intends to expand the production capacity for methane sulfonic acid (MSA) at its Ludwigshafen site by around 65% and increase the global capacity to 50,000 metric tons per year (m.t./yr). With the investment, the company…

Ineos Styrolution progresses plans for new ASA plant in Texas

INEOS Styrolution (Frankfurt, Germany; www.ineos-styrolution.com) has announced the final investment decision to construct a new ASA (acrylonitrile styrene acrylate) plant at its site in Bayport, Texas.  The new plant’s capacity is planned to be 100,000 metric tons per year (m.t./yr).…

BP and Socar explore the creation of a new petrochemicals joint venture in Turkey

BP plc (London, U.K.; www.bp.com) and SOCAR Turkey, a subsidiary of The State Oil Company of Azerbaijan Republic (SOCAR; www.socar.az), announced that they have signed a heads of agreement (HoA) to evaluate the creation of a joint venture that would…