Press Releases

Specialty chemicals company LANXESS completed the acquisition of the French company INTACE SAS on March 1, 2021. The Paris-based biocide company is a manufacturer of specialty fungicides for the packaging industry. The parties have agreed not to disclose the purchase price. The biocides businesses now acquired account for annual sales in the mid single-digit million euro range. LANXESS will integrate them into the Biocides business line within its Material Protection Products busine

Dow signed a Memorandum of Understanding (MoU) with the Zhanjiang Economic and Technological Development Zone Administrative Committee (Zhanjiang EDZ) to build the Dow South China Specialties Hub, a multi-year project providing customers local access to Dow’s portfolio of high value products and innovative technologies. “Asia Pacific is the world’s largest chemicals market. Demands in the region are evolving towards high-value, specialty chemicals that help custome

Although Bag-in-Box is already a very sustainable packaging, by enabling considerable plastic and CO2 reduction, Smurfit Kappa is continuing to focus effort on raw material innovations, especially by incorporating recycled or bio-based resins to our taps and bags, where the food safety regulations allow it. One of the main steps of this initiative has been recently achieved with the ISCC PLUS certification. The Vitop facility in Alessandria, Italy, that produces the best-selling Vit

Braskem Idesa signed a memorandum of understanding with Mexican state-owned oil and gas Pemex to discuss the contract for the supply of ethane in the country and the development of a terminal for the import of the raw material. In addition, the company signed a 15-year gas transport contract with the state agency Cenagás - the term of this contract is subject to the signing of the definitive negotiation with Pemex. As a result, Braskem Idesa's petrochemical complex in Mexico has al

Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reports According to The Business Research Company’s resins and plastic materials market report, the world population is increasingly becoming aware about the adverse impact of plastic materials on the environment. This has led to a rapid increase in demand for eco-friendly plastics: bioplastics that a

Regardless of global economic tremors caused by the COVID-19 pandemic R&P POLYPLASTIC managed to maintain the sales amount on the level of 2019. The enterprise increased profitability, implemented a number of large-scale projects and shaped plans for the future.  “When we were planning for the year 2020 of course no one could assume that there would be the pandemic and lockdown – we hoped to come close to 100 thousand tons of produced and sold materials. However

Milliken & Company, a globally diversified manufacturer with over a century and a half of materials science expertise, has formally established Zebra-chem GmbH (“Zebra-chem”) , a global chemical company known for its peroxide and blowing agent masterbatches. As more brands and governments around the world set goals to increase their use of recycled materials, plastic manufacturers are facing the challenges of using recycled plastic effectively. Peroxide masterbatches, such as

Cerberus Capital Management, L.P.  and Koch Minerals & Trading, LLC (“Koch”) announced a partnership that has agreed to acquire the PQ Performance Chemicals business of PQ Group Holdings Inc. (NYSE: PQG) (“PQ”) for approximately $1.1 billion. PQ Performance Chemicals is a leading global producer of sodium silicates, specialty silicas, and zeolites. The business supports a broad range of end uses, including for personal and industrial cleaning product

Bp and SABIC have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long established relationship between the two companies at the production site, the new collaboration will help to increase production of certified circular products that take used mixed plastics to make feedstock, thereby reducing the amount of fossil resources needed in the petrochemical plants at the site.

With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for 1,4 Butanediol (BDO) and its derivatives: 1,4-Butanediol (BDO) + 800 EUR/mt Tetrahydrofuran (THF) + 1.050 EUR/mt Polytetramethylene ether glycol (PolyTHF®) + 1.050 EUR/mt

Klöckner Pentaplast, a leading global manufacturer of high barrier protective packaging solutions with industry-leading use of recycled content, today announced the launch of its new sustainability strategy, 'Investing in Better'. This follows on from the recent announcement of the successful completion of kp's entire capital structure refinancing, which is the first of its kind to incorporate an ESG-Ratchet Linked Term Loan marketed to U.S. investors. With the new

Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): "AGLX") and a leader in advanced recycling technology, established Cyclyx International LLC., on January 1, 2021. ExxonMobil joined Agilyx to become a founding member of the joint venture which is focused on helping increase plastic waste recycling. Cyclyx will aggregate and pre-process plastic waste to meet the technical requirements of a wide range of recycling processes while ensu