Press Releases

Braskem, the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, recently hosted its 25th blood drive on Thursday, February 22nd at its production facility in Neal, West Virginia in partnership with the American Red Cross. This milestone reflects Braskem's commitment to making a positive impact and prioritizing the health and well-being of neighboring communities. Since 2014, Braskem and its Big Sand

Specialty chemicals company LANXESS is raising its prices for adipic acid globally with immediate effect. The increase amounts for EUR 250 per metric ton. The adjustment is due to the significant rise in raw material costs over the past months. LANXESS is a leading specialty chemicals company with sales of EUR 8.1 billion in 2022. The company currently has about 13,100 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical

Evonik is announcing a net price increase of up to 10% on MetAMINO® (DL-methionine 99%, feed grade) with immediate effect. All existing contracts and supply agreements will be honored. COMPANY INFORMATION Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €18.5 billion and an operating profit (adjusted EBITDA) of €2.49 billion in 2022. Evon

Increased availability and reliability for Asian market with new facility in Sayakha. Sweden-based specialty chemicals innovator Perstorp has built and commissioned a state-of-the-art, ISCC Plus certified, plant in western India to meet growing market demand for Penta chemicals. Located in Sayakha, Bharuch, in the state of Gujarat, the facility is officially inaugurated on Feb. 20. “This is the largest investment in Asia so far, in Perstorp’s history. It will f

This is the ONLY way to prevent plastic which has escaped into the environment from accumulating there for decades.  Alternatives like compostable plastic do not address the problem because they have to be collected and taken to a man-made composting facility, where they convert into CO2. With so many people now looking to live a more sustainable life, consumers are taking steps to help protect the environment. However, with new initiatives being introduced at a rapid rate, it

The electricity used for street lighting is one of the greatest cost factors for municipalities, often making up between 30 and 50 percent of their total electricity costs. As a result, many towns and cities have begun replacing outdated public lighting with efficient LED lights featuring smart light control. This modernization saves energy and therefore money, while also playing a key role in environmental and climate protection. “LEDs are the simplest way to lower the electr

Ascend Performance Materials, the largest fully integrated producer of nylon 6,6, announced global price increases on its polyamide polymers, compounds and monomers, where contracts allow, as follows: Material Price Increase   Neat PA66 polymer $0.30/kg €0.28/kg

The Plastics Industry Association (PLASTICS) will foster the continued growth of the bioplastics industry at its upcoming trade show, NPE: The Plastics Show. With more than 45 bioplastics related exhibitors on the show floor, NPE2024 is expected to be the largest gathering of bioplastics companies in the Americas. NPE2024 will take place from May 6-10, 2024, at the Orange County Convention Center in Orlando, Fla. Companies such as NatureWorks, LG Chem, Evonik, LyondellBasell and mor

Get ready for a piping hot market! Indonesia's plastic pipes market is experiencing a surge, fueled by booming infrastructure development, rapid urbanization, and a shift towards sustainable alternatives. Ken Research's "Indonesia Plastic Pipes Market Outlook" report predicts a healthy 7.3% CAGR, leading to a substantial $5.8 billion market size by 2027. This press release unveils the key drivers, challenges, and exciting prospects shaping this dynamic landscape.

LG Energy Solution announced it signed an offtake agreement with Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) for lithium concentrate, further advancing the companies’ pre-existing partnership driven by the objective to deliver efficient and sustainable power solutions to the North American market. Under the agreement, WesCEF will supply LG Energy Solution up to 85,000 tons of lithium concentrate, which could be utilized in producing around 11,000 tons of lithium hydr

CARBIOS a pioneer in the development and industrialization of biological technologies to reinvent the life cycle of plastic and textiles, and De Smet Engineers & Contractors (DSEC), a world-class provider of Engineering, Procurement and Construction services in the biotech’s and agro-processing industries, jointly announce their collaboration to spearhead the construction of the world's first PET biorecycling plant. Under the agreement, De Smet has been entrusted with the projec

A decade ago, California became the first state to ban single-use plastic bags, ushering in a wave of plastiphobia from coast to coast.  Now, California legislators are back for more, hoping to pass a law that closes loopholes and in effect bans all types of plastic shopping bags from being offered at the checkout. However, Symphony Environmental, a company at the forefront of environmental packaging technology, is clear that banning single-use plastic is not the solution. Symp