Press Releases

Ascend Performance Materials (Ascend Performance Materials) announced a global price increase for all its Vydyne ® polymers, fibers and compounds. The price increase will take effect on October 15, 2020, including the following price changes: Customers should contact their local sales representative for more information. About Ascend Functional Ma

Celanese Corporation, a global chemical and specialty materials company, today announced it completed the sale of its 45% equity investment in the Polyplastics joint venture to Daicel Corporation for $1.575 billion, as originally announced on July 20. Through this transaction, Celanese monetized a historically passive investment and expects to deploy the proceeds from this all-cash transaction into higher value-generating opportunities. These include the previously announced increas

Chevron Phillips Chemical (CPChem) today announced success in its first commercial scale production of polyethylene using advanced recycling technology. Advanced recycling, sometimes referred to as “chemical recycling,” converts plastic waste to valuable liquids that can become new petrochemicals. This approach complements traditional recycling by converting a range of materials, including many difficult-to-recycle plastics, into important building blocks for new chemica

Carbios, a company pioneering new bio-industrial solutions to reinvent the lifecycle of plastic and textile polymers, announced today the acquisition from Limagrain Ingredients of its entire stake in the capital of Carbiolice, a joint company created in 2016 around an enzymatic biodegradation technology licenced by Carbios. The acquisition of Limagrain Ingredients’ equity stake in the capital of Carbiolice by Carbios, which took place on October 8, 2020, is paid for a minority

Sole Source Capital LLC ("Sole Source" or the "Firm"), an industrial-focused private equity firm providing capital to North American lower-middle market companies, today announced the acquisition of Dallas Plastics (the "Company"), a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food, and industrial end markets. Terms of the transaction were not disclosed. Founded in 1989, D

Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the launch of the Braskem e-NABLE Chapter. e-NABLE is a global community of "Digital Humanitarian" volunteers from all over the world who utilize 3D printing technologies to produce free and low-cost prosthetic upper limb devices for children and adults in need. Following the successful completion of the e-NABLE prosthetic device certification process, the Bras

M. Holland Company, a leading distributor of thermoplastic resins, announced a new partnership agreement with JL Goor Materials, a polymer distribution company headquartered in Dublin, Ireland. The agreement provides access to M. Holland’s Mtegrity™ products in both Ireland and the U.K., along with connections to strategic supply partners. This new international partnership marks M. Holland’s first formal business venture in Europe and expands the availability of the Mtegrit

Celanese Corporation, a global chemical and specialty materials company, today announced it will raise prices of all acetate tow product grades sold globally by up to 5 percent. This price increase will be effective for orders shipped on or after January 1, 2021, or as contracts otherwise allow. “To aid in securing sustainability of the Celanese acetate tow business, it is paramount that we increase prices and offset declines. Celanese is committed to our acetate tow business

ADM  and Spiber Inc. announced an agreement to expand the production of Spiber’s innovative Brewed Protein™ polymers for use in apparel and other consumer products. The collaboration will combine Spiber’s cutting-edge structural protein fermentation technology with ADM’s deep expertise in large-scale fermentation technologies, engineering, operations and extensive agricultural supply chain. The Brewed Protein polymers will be produced by ADM in the

Ascend Performance Materials today announced a price increase for intermediates. The price increase takes effect immediately and includes the following conditions: Customers should contact their local sales representative for more information. About Ascend Performance Materials Ascend Performance Materials produces high performance m

JasonMould, a leading China plastic injection molding manufacturer, today announced that it is updating its line of machines for robotics and automatic plastic injection manufacturing. Plastic injection molding is a manufacturing process for producing parts by injecting thermoplastic and thermosetting polymers into a mold. Material for the part is fed into a heated barrel, mixed and injected into a mold cavity, where it cools and hardens to the configuration of the cavity. Custom pl

LyondellBasell and Sasol  announced they have entered into a definitive agreement to form a 50/50 joint venture (JV) through which LyondellBasell will acquire 50 percent of Sasol's 1.5 MM ton ethane cracker, 0.9 MM ton low and linear-low density polyethylene plants and associated infrastructure for a total consideration of US$2 Billion. The agreement includes customary rights for each partner regarding the potential future sale of its ownership interest. The JV will operate under the