Polymers
Cereplast finalizes purchase of Italy bioplastics site
US-based bioplastics firm Cereplast has completed its purchase of a manufacturing plant in Assisi (Cannara), Italy that will serve as the hub for the company's European bioplastics production. Cereplast management said it estimates the total cost of the purchase and refurbishment of the facility will be approximately €12 million.
CB&I wins engineering, technology deal for China olefins recovery units
CB&I said on Tuesday that subsidiary Lummus Technology has been awarded a contract by China Coal Shaanxi Yulin Energy & Chemical Co. for the license and engineering design of two light olefins recovery units. The startup of the first unit is expected in 2013.
LANXESS, BioAmber to partner on bioplasticizers
European specialty chemicals producer LANXESS and sustainable chemicals firm BioAmber have partnered to develop succinic acid-based plasticizers that are both renewable and phthalate-free, the companies announced on Thursday.
PolyOne forms Middle East additives joint venture
Specialty polymer materials, services and solutions provider PolyOne has agreed to form a joint venture with E.A. Juffali & Brothers Co. that it says will enable the expansion of its global color, additives and inks business into the Middle East. The new joint venture will be 51% owned by PolyOne and will be based in Jeddah, Saudi Arabia.
Elix Polymers chooses A Schulman for Europe ABS distribution
US-based plastics compounder A Schulman on Monday announced the signing of a distribution agreement with ELIX Polymers of Tarragona, Spain. Under the agreement, A Schulman has assumed responsibility for distribution of ELIX's acrylonitrile butadiene styrene (ABS) grades, which are currently marketed under the trade names of Lustran and Novodur, in Germany, Switzerland, Austria, the Benelux countries, France, Great Britain and Scandinavia.
Plastics compounder A Schulman sees increased buying from Europe
US-based plastics compounder A. Schulman said Friday that it expects to report earnings of about $58 million for its fiscal year ended August 31, up from prior projections of between $50 million and $52 million of adjusted net income for the year.
Yantai Wanhua to start up China propylene plant in 2013, use UOP technology
Honeywell’s UOP has been selected by Yantai Wanhua Polyurethanes to provide propylene production technology for a new plant projected to come online in 2013. Yantai Wanhua will use Honeywell's UOP process technology, catalysts and adsorbents to produce propylene, a building block for films and packaging, and isobutane, a raw material used in the polyurethane production process, at its facility in Yantai, China.
Thailand's PTT Chemical to buy 50% stake in bioplastics firm NatureWorks
PTT Chemical is buying from Cargill a 50% stake in NatureWorks, a leading bioplastics manufacturer and supplier of renewable Ingeo biopolymers made from plants to global plastics and fibers markets. PTT will pay $150 million for its 50% part in the venture, it said.
Dow, Saudi Aramco finalize Sadara Chemical JV
Saudi Aramco CEO Khalid A. Al-Falih and Dow CEO Andrew N. Liveris have formalized their joint venture (JV) for Sadara Chemical Co. by signing the shareholders agreement. Ali Ibrahim Al-Naimi, Saudi Arabia Minister of Petroleum and Mineral Resources and chairman of Saudi Aramco, presided over the weekend ceremony.
Saudi Aramco, Dow see “significant progress” on chemical venture
The establishment of Sadara Chemical Company, a planned joint venture under formation between Dow Chemical and the Saudi Arabian Oil Company (Saudi Aramco), is making significant progress following the authorization by both companies in late July, officials from Dow said on Tuesday.
- Ketjen introduces new breakthrough catalyst that mitigates the effects of iron poisoning in FCCUs 8/20
- Sumitomo Chemical achieves scale-up of its process for producing propylene directly from ethanol 8/20
- EcoCortec, Jakob Schober GmbH awarded sustainability award for closed-loop circular films solution 8/20
- Addverb reinvents its factory automation development with Siemens Xcelerator 8/20
- Sanctions-hit Indian refiner Nayara turns to ‘dark fleet’ 8/20
- EIA: Crude and gasoline inventories fall, distillates rise 8/20
