Press Releases

Speed Plastics, a specialist in high frequency welding, will be at MEDICA 2023 to showcase the range of engineering and OEM services they offer healthcare companies, including their recent investment in Europe’s largest high frequency welding machine. Over the last year the engineering company has invested nearly £1m in state-of-the-art machinery, including a bespoke 100 kilowatt Zemat Mega Welding Machine created especially Speed Plastics. The one-of-a-kind sy

Exxon Mobil Corporation today announced it has closed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. “This transaction is a major step forward in the profitable growth of our Low Carbon Solutions business,” Chairman and CEO Darren Woods said.

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced Haldia Petrochemicals Ltd. (HPL) will license its olefins conversion technology (OCT) and the Lummus/Versalis cumene and phenol technologies for a new plant in West Bengal, India. Once HPL’s plant is complete, it will be India’s largest cumene and phenol plant and the nation’s first on-purpose propylene plant. The milestone will also help HPL become India&rsquo

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the launch of its latest heat exchanger technology, the Helixchanger® 2.0 system. The update improves upon the original system which has more than 20 years of service and 7,000 installations worldwide. “The industry standard is the Helixchanger system, and we are raising the bar even higher in terms of performance and reliability,” said Rutger Theunissen, Chief B

Cortec® Corporation has been awarded a US patent for its commercially compostable industrial strength stretch film technology, also known as Eco Wrap® film! This patent is a significant milestone in Cortec’s ongoing quest to develop environmentally responsible products and distinguishes Cortec® as a leader in “green” packaging technology! Eco Wrap® is a specialty wrapping film that meets the EN 13432/ASTM D6400 standards for commercial composting an

Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the commercial availability of its Saplene™ super absorbent polymer (SAP) technology. The process uses acrylic acid as the main feedstock to produce SAP, which consumer goods manufacturers use to produce liquid-absorbing personal hygiene products and other specialty applications. “Introducing this technology to the market is another significant step for our portfolio

Sun Chemical will showcase color materials, polymers, additives, and adhesives for the coatings industry during ABRAFATI 2023 (November 21-23, 2023) in São Paulo, Brazil. “As the biggest coatings event in Latin America, ABRAFATI is a significant event for Sun Chemical, and we look forward to demonstrating how our color materials, polymers, additives, and adhesives enable excellent results within any coatings application,” said Elisangela Silva, Sales Director Lati

Berry Global is uniting its global range of high-performance polyethylene (PE) lamination films under its Entour™ film brand, bringing together the company's wider portfolio. The move involves renaming the company's European ‘FormiForLAM’ product to Entour™ films. This not only simplifies the product line-up but also ensures that customers receive a consistent experience when choosing from Berry’s wide range of lamination films. Entour™ fi

Light is key to our quality of life: It is scientifically proven that rooms lit with daylight are more pleasant to live in and allow us to work and study more effectively. However, this is not possible everywhere – many residential buildings have corridors without any windows or other poorly lit areas. And in offices, classrooms and workshops, not all desks are near a window. Although artificial lighting provides the requisite brightness, it does not have the same positive effect on our

The ORLEN Unipetrol Group continues its commitment to innovating and streamlining its production technologies. This year, the Group has completed the modernisation of the unit producing electrically conductive soot, Chezacarb. Implementing state-of-the-art technologies in a unique production unit that will be subsequently expanded will increase production capacity and streamline the use of raw materials and energy sources. Thus, the Group is meeting its commitments to sustainable development,

LyondellBasell Industries today announced net income for the third quarter 2023 of $0.7 billion, or $2.29 per diluted share.  During the quarter, the company recognized identified items of $57 million, net of tax, which impacted third quarter earnings by $0.17 per share.  Third quarter 2023 EBITDA was $1.4 billion. Exceptional oxyfuels margins contributed to a record Intermediates & Derivatives EBITDA of $708 million during the third quarter.  Global olefins and p