Press Releases

LANXESS has taken another major step on the road to climate neutrality: the specialty chemicals company inaugurated a nitrous oxide reduction plant at its site in Antwerp on February 10, Belgium. The plant breaks down around 500 metric tons of nitrous oxide per year, which is equivalent to the climate impact of 150,000 metric tons of CO2. LANXESS has invested around EUR 10 million in its construction. A second plant is scheduled to start up in 2023 and is expected to eliminate a fu

The "The Global Market for Bioplastics and Biopolymers 2021" report has been added to ResearchAndMarkets.com's offering. Nearly 270 million tonnes of petroleum are used every year in the production of plastics. Apart from the environmental problems associated with extracting the non-renewable resource, nearly 80 million tonnes of plastics end up in landfills. Bioplastics and biopolymers are a biodegradable and natural alternative. Bioplastics are biobased pro

INDEVCO Plastics continues expanding its range of sustainable plastic films, announcing the launch of recyclable industrial films and bags that use up to 50% recycled resin content. Last month, INDEVCO Plastics announced its recyclable Shrink Bundling Film comprised of 50% post-consumer recycled (PCR) resin for the beverage and processed food industries. Wayne Mashe, Divisional General Manager of INDEVCO North America Plastics Division, explains, “We’ve been using post-i

Akdeniz Chemson, the world leader in PVC stabilizers, under the umbrella of OYAK, has launched the company's first phase of zinc borate production in Izmir with an annual capacity of 3,000 tons . Akdeniz Chemson will this month complete the parallel capacity expansion in zinc oxide production, one of the main raw materials for the production of zinc borate, and at the same time take its place among flame retardant manufacturers in the world. Akdeniz Chemson, which is one of the

Integrated Polymer Solutions ("IPS"), a portfolio company of Arcline Investment Management ("Arcline"), announced that it has acquired IRP Group ("IRP" or "the Company"). IRP designs and manufacturers highly engineered critical-to-function elastomeric sealing components from its world-class facilities in Southern California. The Company has the scalable infrastructure to support high-growth platforms and is focused on both the rapidly expandin

Plastics Recyclers Europe (PRE), the organisation representing the voice of the European plastics recyclers and Styrenics Circular Solutions (SCS), the value chain initiative to increase the circularity of styrenic polymers, announced their reciprocal membership. This collaboration adds to the network of the already existing eleven SCS members, from across the value chain and to the extensive network of over 140 PRE members. Jens Kathmann, Secretary-General of SCS, comment

Superior Plus Corp. announced that its subsidiary, Superior Plus LP, has entered into a definitive agreement with Birch Hill Equity Partners (“Birch Hill”) to sell its Specialty Chemicals business (“Specialty Chemicals”) for total consideration of $725 million (the “Transaction”). Under the terms of the Transaction, Superior will receive $600 million in cash proceeds from Birch Hill, and $125 million in the form of a 6% unsecured note (“Note”) i

Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, announces a general price increase of 10% across its entire Pine Chemicals and AMS portfolio. Subject to the terms of any applicable contracts and obligations this price increase will be effective immediately. ABOUT KRATON Kraton Corporation is a leading global producer of specialty polymers and high-val

Desktop Metal, Inc., a leader in mass production and turnkey additive manufacturing solutions, announced it has completed the previously announced acquisition of EnvisionTEC, a leading global provider of volume production photopolymer 3D printing solutions for end-use parts. The transaction is valued at $300 million, consisting of a combination of cash and Desktop Metal stock and subject to customary adjustment. EnvisionTEC will operate as a wholly owned subsidiary of Desktop Metal

Novolex® announced that it is adding easy-to-understand recycling instructions to more of its plastic bags and packaging. The announcement comes just weeks after Novolex revealed plans to increase its capacity to recycle plastic bags. Novolex, an industry leader in packaging and foodservice products, will add the How2Recycle® Store Drop-off label to products across its business units. These include products from Shields® such as poly mailers for shipping applications and

SK Capital Partners LP, the private equity firm focused on the specialty materials, chemicals and pharmaceuticals sectors, announced the strengthening of its management team with the appointment of Mr. Daniele Ferrari as Senior Director. Mr. Ferrari brings 35 years of direct management and management experience in the chemical industry to SK Capital Partners, most recently as Managing Director of Versalis SpA, one of Europe's largest chemical companies, and as Chairman of Matr&i

Specialty chemicals company LANXESS is accelerating its growth course and signed a binding agreement to acquire 100 percent shares in Emerald Kalama Chemical on February 15, 2021. The US-based company is a globally leading manufacturer of specialty chemicals, especially for the consumer segment, and is majority-owned by affiliates of the US private equity firm American Securities LLC. The enterprise value of Emerald Kalama Chemical amounts to USD 1.075 billion. After deducting debt-