Press Releases

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-

OQ Chemicals Corporation is being forced to temporarily shut down its facilities in Bay City, Texas, USA due to severe weather adversely affecting the Texas Gulf Coast and its terminals, inland shipping and marine facilities, and the operations of OQ Chemicals. As a result of the plant shutdown, OQ Chemicals Corporation is declaring force majeure until further notice and suspending its delivery obligations for oxo-alcohols, aldehydes, acids and esters. Fred Gaytan, Vice Pr

The "Global Polyhydroxyalkanoate (PHA) Market by Type (Short Chain Length, Medium Chain Length), Production Method (Sugar Fermentation, Vegetable Oil Fermentation, Methane Fermentation), Application, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global polyhydroxyalkanoate (PHA) market is estimated to be USD 62 million in 2020 and is projected to reach USD 121 million by 2025, growing at a CAGR of 14.2% between 2020 and

The Chemours Company, a global chemistry company, announced that, during the fourth quarter of 2020, the Company divided its former Fluoroproducts segment into two new reportable segments: Thermal & Specialized Solutions ("TSS", formerly Fluorochemicals) and Advanced Performance Materials ("APM", formerly Fluoropolymers). This change will enable an enhanced customer centered approach, management focus and decision-making, strengthened resource allocation, and

SNF will invest $300 Million in the USA in 2021-2022 for an additional 30,000 MT/yr. of powder-grade PAM and 100,000 MT of Acrylamide production at our facility in Plaquemine, Louisiana.  The previously announced $1.2 Billion investment to expand Polyacrylamide (PAM) production worldwide is in the final stages of completion. This has resulted in additional capacity in all key product areas and logistics for SNF's USA operations. SNF USA has completed emulsion-grade expansio

The first silicone rubber recycling plant in the United States has completed phase one of development. Having just begun in 2018, ECO USA’s pilot facility has undergone tremendous growth. It can currently recycle approximately 500 metric tons of silicone monthly and have plans for reaching 1,000 metric tons in the near future. Their success comes at a pivotal moment when a surge of silicone waste is being observed as a result of the increase of silicone usage in product manufacturing.

International Recycling Group (IRG) announced that it has entered into a contract with Erie Management Group to purchase land on the east side of Erie for its future plastics recycling plant—expected to be the world’s most technologically advanced. The approximately 25-acre lot in the SB3 Industrial Park on East Lake Road sits in a federal Opportunity Zone within the city of Erie. Opportunity Zones were designated by Governor Tom Wolf as a means to attract investment in

Celanese Corporation, a global chemical and specialty materials company, today announced its Singapore subsidiary, Celanese Singapore Pte. Ltd., has recently extended its long-term contract with Linde Gas Singapore Pte. Ltd. for the supply of carbon monoxide to its Singapore acetyls chemical facility located on Jurong Island, Singapore. Financial details of the contract were not disclosed. Linde operates large integrated gasification facilities in Singapore to produce gases includin

SABIC has become the world’s second most valuable brand in the chemicals industry for the first time, and it has also cemented its place among the top 500 most valuable global brands. The rankings were confirmed in the 2021 Chemicals 25 and Global 500 reports published by Brand Finance, a world-leading independent brand valuation consultancy. Yousef Al-Benyan, SABIC Vice Chairman and CEO, said: “We are proud of our improved ranking. It is a significant step in our missio

Interfacial Consultants ("Interfacial"), a Wisconsin-based innovator in advanced materials, has recently released two disruptive, highly filled masterbatch technologies, to be distributed by its sister company NAGASE Specialty Materials ("NSM"). These novel, proprietary composites—one biofiber-based, the other carbon nanotube-based—are engineered to enable greater filler dispersion for the production of high-performance compounds. As a result, compani