Press Releases

Shin-Etsu Chemical Co., Ltd. has decided to establish a new company, Shin-Etsu Silicone  Co., Ltd., in Zhejiang Province, China, and construct a new silicone products plant to expand its silicone business. Shin-Etsu Chemical established Zhejiang Shin-Etsu High-Tech Chemical Co., Ltd. in Zhejiang Province, China, in 2002 to meet the demand for silicone products in China. The company began the production of silicone products in 2003 and has maintained a steady supply in response

Lygos, Inc., a sustainable specialty chemical company, announced today plans to open a state-of-the-art Sustainable Solutions Center in Hayward, CA. Designed as a commercial launch facility, Lygos will scale production of bio-inspired solutions that are designed to replace persistent and carbon intensive chemicals with products that are better, cleaner, and cost effective. The end-to-end solution center will accelerate the development of new, sustainable products for Lygos and its customers.

Marathon Petroleum Corp. today announced its leadership transition plan, with all positions effective August 1, 2024. At that time, MPC President Maryann T. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as Lead Director. Hennigan has led MPC as CE

During the NPE in Orlando, Wanhua Chemical has showcased our new material and in-mode coating solutions together with YIZUMI. We have developed the Surface-form Pro product that provides high performance combined with high design flexibility to meet the diversified appearance demand of automotive interior and exterior parts, for example, trim panels. Performance of Surface-form Pro Scratch resistance, self-healing High gloss, transparency, and we

The Mitsubishi Chemical Group  is pleased to announce that BENEBiOL™, a biomass-based polycarbonatediol, has been selected for the interior finish coating at the Lawson Aomori Chiyuuou Koukou-Mae that opened on April 11, 2024 in Aomori City, Aomori Prefecture, Japan. This is the second Lawson store to use paint made with BENEBiOL™, following the Lawson Obihiro Nishi 21-Jo Minami 4-chome Store. With a view toward reducing CO2 emissions and revitalizing the community,

Huntsman Corporation announced today that its Board of Directors has declared a $0.25 per share cash dividend on its common stock. The dividend is payable on June 28, 2024, to stockholders of record as of June 14, 2024. About Huntsman: Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2023 revenues of approximately $6 billion. Our chemical products number in the thousands and are sold wor

Cepsa has signed an agreement with Canadian company PetroTal Corp. to sell its Exploration and Production business in Peru, including the transfer of the company CEPSA PERUANA S.A.C., which manages the Los Angeles oil field. Completion of the transaction is subject to conditions precedent, including regulatory approvals. "This transaction supports our transformation as a company and our strategy to make Cepsa a benchmark in the energy transition by the end of this decade, when

Renegade Plastics®, a leader in making coated fabrics more sustainable, is excited to announce closing a pre-Seed investment led by Schneider Resources Holding. The investment will help expand Renegade's team and accelerate growth into new markets that are eager for a non-toxic and more sustainable alternative to vinyl-coated industrial fabrics. Established in 2021, Renegade Plastics® is addressing the plastic problem by building a circular economy for coated fabrics, ba

For the first time, NGA Plastic Technology from India presents itself at the NPE – and that with two lines in live operation at the booth! On the one hand, the brand-new blown film line EASY LINE MAX – which, furthermore, will be introduced to the international audience during the exhibition for the first time. On the other hand, the company will show the EASY LINE pressure filter test – also in live-operation. New & live! EASY LINE MAX blown film line

BASF plans to expand the global production capacity of its Basoflux® range of paraffin inhibitors at its site in Tarragona, Spain. This investment will enable BASF’s Oilfield Chemicals business to meet the current and future demand of novel paraffin inhibitors for the Oil & Gas industry. Additional assets will create efficiencies and flexibility in the production of newly developed solutions, such as more sustainable aqueous-based dispersion paraffin inhibitors and solvent-based

The Lubrizol Corporation, a specialty chemical company whose science delivers sustainable solutions to advance mobility, improve well-being, and enhance modern life, will showcase its LIPOFER™ microcapsules that deliver iron with optimum performance at Vitafoods Europe. LIPOFER™ microcapsules are designed with a combination of cutting-edge technologies that deliver iron in an optimized way, overcoming issues such as iron’s off-taste, reactivity, interaction with other ingred

A team of experts from The Lubrizol Corporation have been recognized for their significant contribution to the fuels and mobility industry with the development of a new corrosion testing method. The innovation earned Lubrizol employees Gregory Hunt and Michael Gahagan the SAE International Award for Outstanding Research in Mobility Fuels and Lubricants at a recent ceremony and reflects Lubrizol’s continued leadership in EV lubricant technology. The SAE International Award recognized Lub