Press Releases
TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. Located in shallow waters, 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay in a good quality reservoir. The HEMJ-1X well will be immediately connected to the Harald platform and
Read more...30 October 2024
DuPont and Zhen Ding Technology Group (Zhen Ding) (4958-TW) announced they have entered into a strategic cooperation agreement in advanced printed circuit board (PCBs) technology. The signing ceremony, held yesterday at the Shenzhen Avary Time Center, was attended by Charles Shen, Chairman, Zhen Ding; Yi Zhang, President of the Asia Pacific Region, DuPont; and Thean Ming Tan, Global Business Director for Laminates, DuPont. Through this strategic partnership, DuPont and Zhen Ding wil
Read more...29 October 2024
Perstorp Group, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), today announces new leadership within its Animal Nutrition business, with Ian Atterbury joining as Senior Vice President, effective January 13th, 2025. Ian Atterbury is an established executive leader and has over 30 years’ experience in the animal nutrition industry. He has been working globally for the majority of his career and has a strong background in leading and growing animal nutrition
Read more...The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met today with Eni Chief Executive Officer Claudio Descalzi to follow up on Eni's ongoing activities in the country and discuss areas of common interest and collaboration. Also in attendance were Egyptian Oil Minister Karim Badawi and Eni's Global Natural Resources Chief Operating Officer Guido Brusco. During the meeting, Eni's activities in the country were discussed with a focus on initiatives, both onsh
Read more...28 October 2024
Mitsubishi Chemical Group (hereinafter "Mitsubishi Chemical Group") is pleased to announce that its plant-derived polyol "BioPTMG" has been adopted for the synthetic leather (hereinafter "bio-synthetic leather * ") made by Kahei Co., Ltd. In addition, small items (shoulder bags, wet tissue cases, etc.) made with this bio-synthetic leather will be sold at "tonto," operated by Triple A Co., Ltd., which plans and sells sustainable products. BioPT
Read more...28 October 2024
Clariant, a sustainability-focused specialty chemical company, today announced that the Board of Directors of Clariant AG has nominated Ben van Beurden as a candidate for the position of Chairman and as a member of the Board of Directors. The nomination follows a thorough selection process conducted by the Board's Nomination Committee. Shareholders will vote on this nomination at the regular Annual General Meeting scheduled for 1 April 2025. If elected, Ben van Beurden would succeed G&uum
Read more...25 October 2024
Air Liquide and Cementir Holding Group, through its fully owned subsidiary Aalborg Portland, have launched a joint decarbonization project, named ACCSION. Located in Aalborg, Denmark, ACCSION will be one of the first full onshore Carbon Capture and Storage (CCS) value chains in Europe. Aiming at significantly reducing CO2 emissions of the Aalborg Portland cement plant, the completion of the project would allow the avoidance of 1.5 million tons of CO2 emissions per year of operation.
Read more...Nexam Chemical has received its first production order for additives designed for the industrial-scale processing of rPET from a new customer. This milestone represents years of dedicated work to develop and refine our solutions, ultimately gaining the necessary technical approval from the customer. The order is the first on an industrial scale from a leading global player in the circular food packaging industry, who views Nexam Chemical as a trusted partner in advancing sustainable
Read more...24 October 2024
Eni and KKR have signed an agreement under which KKR will take a 25% stake in Enilive’s share capital, for a total agreed consideration of €2.938 billion. The transaction will be funded through: 1) the subscription of a capital increase in Enilive reserved to KKR amounting to €500 million; 2) the purchase of Enilive’s shares from Eni for a value of €2.438 billion, corresponding to a post-money valuation of € 11.75 billion of Equity Value for 100% of Enilive'
Read more...Davidson Kempner completes landmark $1 billion+ debt restructuring of UAE-based plastic manufacturer
24 October 2024
Davidson Kempner Capital Management LP a global investment management firm, has completed the restructuring of more than $1 billion of debt in the JBF Group ("JBF"), a business with industrial plants in the United Arab Emirates ("UAE"), Belgium and Bahrain, which manufactures and supplies high-quality polyester resins and films used in the packaging industry. The transaction is believed to be the first significant debt-for-equity transaction of this kind exe
Read more...23 October 2024
DuPont today announced it will showcase its extensive range of advanced circuit materials and solutions at the Taiwan Printed Circuit Association (TPCA) Show, held at the Taipei Nangang Exhibition Center from October 23-25, 2024. DuPont will be located at Booth #K409, presenting holistic solutions for fine line applications, advanced packaging, signal integrity, and thermal management. DuPont is proud to collaborate with industry leaders for the session titled "Shaping Our Futu
Read more...23 October 2024
FlowGuard® Gold CPVC is launching the Speed Test Challenge Sweepstakes1, encouraging plumbers2 to watch the Speed Test Challenge video for a chance to win $3,500. The video provides a side-by-side comparison of installation speeds for plastic plumbing systems and reveals which is faster to install: PEX or CPVC. From Oct. 8 – Nov. 4, 2024, individuals can participate for the chance to win a $3,500 Lowe’s Home Improvement e-gift card, with an additional six social medi
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