Press Releases

The Saudi Basic Industries Corporation (SABIC) today announced the signing of two strategic transactions to divest its European Petrochemicals (EP) business to AEQUITA and its Engineering Thermoplastics (ETP) business in the Americas and Europe to MUTARES, for a total combined enterprise value of $950 million. These transactions represent significant steps in the advancement of SABIC’s strategy and constitute a core component of its broader portfolio optimization program. The

Corteva Inc. today announced the launch of Etlas, their new 50:50 joint venture that will produce oil from crops – including canola, mustard and sunflower – for use in the production of biofuels like sustainable (or synthetic) aviation fuel (SAF) and renewable diesel (RD). Etlas will harness both Corteva’s century-long expertise in seed technology to develop crops ideally suited to produce SAF and RD as well as bp’s expertise in refining and marketing fuel for the comm

Artificial intelligence (AI) contributed to value creation and savings for Equinor and its partners amounting to USD 130 million in 2025. AI is now utilized on offshore platforms and land facilities to solve industrial tasks on a large scale in a safe, efficient, and profitable manner. To achieve Equinor's ambition for the Norwegian continental shelf by 2035, and to contribute to energy security and continued value creation, AI is crucial. “AI is a central part o

Westlake Corporation announced today that it has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (collectively, “ACI”). Headquartered in Portugal, ACI is a global manufacturer of specialty materials, primarily serving the wire and cable sectors. “The integration of ACI with Westlake’s compounding operations represents a strong strategic alignment, offering significant opportunities to further strengthen our

Huntsman Corporation announced that Amy Smedley has joined the company as Executive Vice President, General Counsel & Secretary effective Jan. 5, 2026. Ms. Smedley will succeed Huntsman's current General Counsel, David Stryker, who is retiring. Ms. Smedley has extensive experience in litigation, compliance, and corporate governance. Most recently, she has served as Executive Vice President and Chief Legal Officer at Savage Companies since 2022. Prior to joining Sav

Arkema announces the proposed divestment to the Indian group Praana of some of its businesses in impact modifiers and processing aids, additives used in the manufacture of PVC profiles, pipes and packaging as well as engineering plastics. With this project, the Group continues to refocus its portfolio on its strategic activities. This proposed divestment concerns Arkema's impact modifiers and processing aids businesses, and covers the global scope for Methyl Methacrylate Butadie

Arkema announces the proposed divestment to the Indian group Praana of some of its businesses in impact modifiers and processing aids, additives used in the manufacture of PVC profiles, pipes and packaging as well as engineering plastics. With this project, the Group continues to refocus its portfolio on its strategic activities. This proposed divestment concerns Arkema's impact modifiers and processing aids businesses, and covers the global scope for Methyl Methacrylate Butadie

Clariant, a sustainability focused specialty chemical company, today announced the laureate of the National Catalysis Achievement Award at the 22nd National Congress on Catalysis of China (NCC 2025). Presented by the Catalysis Society of China, and sponsored by Clariant, the prestigious award recognizes Prof. Dr. Zhang Tao from Dalian Institute of Chemical Physics for his exceptional contributions to catalysis research. The ceremony took place during the congress opening at Xiamen Internation

INEOS has today announced a major £150 million investment to underpin the long-term future of its Grangemouth site in Scotland, one of the UK’s most important industrial assets and a critical hub for the nation’s manufacturing and energy sectors.  Supported by the UK Government, and facilitated by NatWest Group, the investment will upgrade key production units, improve energy efficiency, reduce emissions, and enhance the site’s competitiveness.

ICE Recycling announced today that the company has rebranded as Vaiire (pronounced Vair), marking an important step in its continued growth and evolution. After nearly twenty years of serving manufacturers, suppliers and logistics partners, the company has expanded far beyond its origins in traditional recycling. As capabilities grew to include advanced polymer solutions, material management and performance focused service offerings, leadership recognized the need for a name that fu

A well-known international group conducted rigorous worldwide evaluations on both domestic and international suppliers in the same industry. After comprehensive assessments of technological equipment's advancement, maturity, and stability, the group ultimately selected Niutech's "Next-Generation of Large-Scale Industrial Continuous Intelligent Waste Plastic Pyrolysis Technology and Complete Equipment Set". This decision led to the investment and construction of a high-end wa

Clariant, a sustainability-focused specialty chemical company, today announced the continued excellent performance of its high-efficiency CATOFIN catalyst and heat-generating material (HGM) at Ningxia Runfeng New Material Technology Co., Ltd.’s propane dehydrogenation (PDH) unit. Located in the Ningdong Energy and Chemical Industry Base in Yinchuan, Ningxia, the PDH plant has a design capacity of 300,000 tons of propylene per year. The unit adopts CATOFIN technology and Claria