Press Releases

Chevron Phillips Chemical announced today plans to expand its propylene business with a final investment decision for a new C3 splitter unit. The unit’s location will be in Baytown, Texas, within the company’s Cedar Bayou facility. Its expected capacity is 1 billion lbs./year with targeted start up in 2023. The company chose S&B Engineers and Constructors to engineer, procure and build the project. Site construction activities will commence in January 2022. At its peak, the pr

Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, is pleased to receive the International Sustainability and Carbon Certification (ISCC) PLUS certification to produce ISCC Plus Certified renewable styrenic block copolymers (SBC) at their Berre, France facility. ISCC PLUS certification is a globally-recognized system that provides traceability of recycled and renewable-based materials acr

Empowered Ventures, an employee-owned holding company based in Carmel, IN, is pleased to announce the acquisition of Paramount Plastics (Paramount), a custom plastics thermoforming company that serves the recreational vehicle, marine, and specialty vehicle industries. Founded by the Prugh & Lim family in 1982 and based in Elkhart, Indiana, Paramount has been an innovator, winning multiple design awards and developing unique, non-commodity products. Paramount differentiates itsel

Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, announced that its flagship STYRON™ Polystyrene Resins, MAGNUM™ ABS Resins, and TYRIL™ SAN Resins now are available with renewable content. These materials combine fossil-based polymers with renewable raw materials according to a mass balance process, resulting in a bio-attributed composition from 80 to 95 percent. STYRON™ CO2RE™ BIO Polystyrene, MAGNUM™

Intercontinental Exchange, Inc., a leading global provider of data, technology, and market infrastructure, today announced that it plans to launch its first ethylene futures contracts on December 13. Designed for participants who need to manage their exposure to ethylene price risk from the U.S. Gulf Coast to Asia, the two cash settled futures contracts are based on ethylene price assessments by ICIS. The ICIS CFR NE (northeast) Asia ethylene assessment and the ICIS CFR SE (southeas

Nexeo Plastics announced that it will partner with its supplier Forward AM, the brand of BASF 3D Printing Solutions, to expand access to Forward AM’s additive manufacturing materials in North America and Europe. Under this collaboration, 3D at Nexeo Plastics will carry Forward AM’s comprehensive portfolio of innovative and durable 3D printing materials, including powders, photopolymers, and plastics and metal filaments. “Our company’s objective is t

TotalEnergies and Plastic Omnium have signed a strategic partnership that will see them join forces to design and develop new plastic materials, made from recycled polypropylene, which meet the demanding aesthetic and safety standards that apply to the automotive industry. TotalEnergies and Plastic Omnium will pool their innovation and engineering skills to design new types of recycled materials that offer enhanced performance and are better for the environment while providing deliv

Trinseo, a global materials solutions provider and manufacturer of plastics and latex binders, today announced its entry into a definitive agreement to acquire Heathland B.V. (“Heathland”), a leading collector and recycler of post-consumer (PCR, EoL) and post-industrial (PIR) plastic wastes in Europe. As a plastic waste collector and recycler based in Utrecht, the Netherlands, Heathland is focused on converting PCR and PIR polymethyl methacrylate (PMMA), polycarbonate (P

Earthfirst® Biopolymer Films by PSI, a global manufacturer of biopolymer flexible packaging films, launched both home and industrial compostable overwrap films. Earthfirst® films are both sustainable and high performance. The bio-based materials serve an increasing global demand for sustainable films that have a more positive environmental impact versus petroleum-based films. Earthfirst® films are greenhouse gas favorable to industry alternatives and compost into safe, n

Suntory Group today announced that, as a crucial step toward its aim to use 100% sustainable PET bottles globally by 2030 and eliminate all petroleum-based virgin plastic from its global PET supply, the company has successfully created a prototype PET bottle made from 100% plant-based materials. The prototype has been produced for the company’s iconic Orangina brand in Europe along with its best-selling bottled mineral water brand in Japan, Suntory Tennensui. This announcement marks a b

Hyperion Metals Limited is pleased to announce that it has entered into a non-binding Memorandum of Understanding (“MoU”) with The Chemours Company FC, LLC for the potential supply of the titanium feedstocks ilmenite and rutile, as well as the industrial mineral staurolite, from Hyperion’s Titan Project in west Tennessee to Chemours. The MoU contemplates the commencement of negotiations of a supply agreement between Hyperion and Chemours for an initial five-year te

Asahi Kasei Plastics North America, Inc.a leading international compounder of advanced engineered polymers and glass reinforced polypropylene, has received the Innovation Award in the 'Automotive Plastics Industry Solutions for COVID-19' category from the Society of Plastics Engineers ("SPE"). This recognition was for material co-developed by APNA and DENSO that was used in the powered air purifying respirator. The award was presented during the SPE Automotive 50th