Press Releases

bp has today announced its intention to sell its mobility & convenience business in Austria. The marketing process will begin immediately, with the aim of reaching sale completion by the end of 2025, subject to regulatory and all relevant approvals. “Over recent years we have grown the business to become number two major branded retailer in the market. As bp now looks to focus downstream and reshape our portfolio, we believe that a new owner will be best placed to unlock the

BASF announced the start-up of the world’s first commercial loopamid® plant. The production facility at the Caojing site in Shanghai, China, has an annual capacity of 500 metric tons and marks an important step in the supply of sustainable products for the textile industry. “The startup of this plant once again demonstrates BASF’s innovative strength,” said Stephan Kothrade, member of the Board of Executive Directors and Chief Technology Officer (CTO) of BASF SE. &

bp has received final government ratification for its contract to invest in the redevelopment of several giant oil fields in Kirkuk, in the north of Iraq. The contract between North Oil Company (NOC), North Gas Company (NGC) and bp includes the rehabilitation and redevelopment of the fields, spanning oil, gas, power and water with potential for investment in exploration. The final agreement was signed in a meeting in Baghdad with Iraq Prime Minister H.E. Mohammed Shia'

JFE Steel Corporation, Mitsubishi Gas Chemical Company, Inc., and Mitsubishi Chemical Corporation collectively referred to as "Three Companies"have signed a Memorandum of Understanding (MOU) concerning a demonstration project at the Mizushima Complex. The project aims to produce methanol from by-product gases emitted during steel manufacturing processes and further utilize the methanol to produce propylene, a key raw material for plastics. The Demonstration Project is

BASF and Forestal de Atlántico S.A. (Forestal) have signed an early disclosure agreement (EDA) aimed at advancing the production of e-methanol (eMeOH) through carbon capture solutions. Under this strategic partnership, BASF has been selected to share its proprietary OASE® blue technology, designed for the efficient removal of CO2 from flue gases, for use in Forestal’s pioneering Triskelion project in Galicia, Spain. The Triskelion project is set to be a game-changer, with a d

Evonik, a leading innovator in 3D-printable polymers, has partnered with US-based 3DChimera for the distribution of Evonik’s selective laser sintering (SLS) powders in America. The current agreement covers a select range of Evonik’s high-quality INFINAM® powders, including variants that feature high flexibility, high temperature resistance, high stiffness, and a special carbon-black embedded powder. All INFINAM® nylon powders are specifically optimized for indust

trinamiX GmbH, a leading provider of mobile spectroscopy solutions and subsidiary of BASF, will participate in the Plastics Recycling Show Europe (PRSE) 2025, taking place in Amsterdam, Netherlands. The company will showcase its versatile technology for identifying various plastics and textiles, which plays a crucial role in enhancing the recycling process. Their solutions facilitate the design of sortable plastic packaging, ensure quality control for incoming and outgoing materials, and prom

BASF’s Coatings division has successfully expanded its production capacity for polyester and polyurethane resin at its Caojing plant in Shanghai, China. Originally established in 2015 with an annual capacity of 8,000 metric tons of polyester and polyurethane resin, the plant has now increased its capacity to 18,800 metric tons per year — a more than twofold increase. In addition, BASF coatings is also planning to enhance its electrocoat binder production through process

Southern California Gas Company (SoCalGas) today announced it executed a contract with Organic Energy Solutions (OES) to procure renewable natural gas (RNG) converted from organic waste and inject it into SoCalGas' pipeline system. The contract is the first approved by the California Public Utilities Commission (CPUC) under Senate Bill (SB) 1440 which sets specific RNG procurement targets for the state's natural gas utilities. The RNG will be sourced from a project located in the city

Leading biomaterials manufacturer, NatureWorks, has expanded the capabilities of its product line of Ingeo biopolymers with the introduction of the Ingeo Extend platform. The new platform is designed to enable faster rates of biodegradation and disintegration and achieve new levels of productivity that enable the commercial-scale use of biobased Ingeo PLA. The new grades within the Ingeo Extend platform are designed for faster compostability, up to 8x faster, than other existing PLA

LyondellBasell (LYB) and Covestro have jointly decided to permanently close the Propylene Oxide Styrene and Monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. This decision comes after thorough and careful consideration and is driven by the continued pressure on Maasvlakte's profitability due to global overcapacities, a strong increase of imports from Asia and high costs of European production. Unfortunately, this situation is expected to continue, so longer-

Chemical Concepts is proud to announce a new sales and distribution partnership with Mactac to provide local distribution of some of Mactac’s most popular mounting and bonding pressure sensitive adhesive tapes to Chemical Concepts’ North American customers. Under this new agreement, Chemical Concepts will have access to the full breadth of the Mactac Engineered Tapes & Laminates catalogue, with immediate focus on the popular GS Rivet Tape and Ultra 555 double coat fo