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Chemicals Industry
BASF and Carlyle reach binding transaction agreement on coatings business to create a leading standalone company
BASF and funds managed by global investment firm Carlyle (NASDAQ: CG), in partnership with Qatar Investment Authority (QIA), have entered into a binding agreement relating to BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses (“BASF Coatings”).
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INEOS’ CEO, Jim Ratcliffe, calls on European politicians to make 11th hour intervention to save Europe’s chemical industry
Sir Jim Ratcliffe, founder and chairman of INEOS, one of the world’s largest chemical companies, has called on Europe’s politicians to make an eleventh-hour intervention to save the chemical industry. In a powerful new interview, Sir Jim says the moment of reckoning has finally arrived for Europe’s chemical industry. It is at a tipping point...
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Plastic Energy Produces First Recycled Oil at Advanced Recycling Plant in the Netherlands
Plastic Energy, a U.K.-based global leader in chemical recycling, has announced production of its first pyrolysis oil at its joint venture plant with SABIC in Geleen, the Netherlands. The company says it marks a key milestone on the road to full commercial operations.
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Covestro expands isocyanate portfolio with acquisition of former Vencorex sites
Covestro has acquired two production sites for HDI derivatives in the USA and Thailand, strengthening its global network for aliphatic isocyanates and advancing its growth strategy in the Solutions & Specialties segment.
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Innovative high-performance materials from Kuraray support the mobility transition
Kuraray, the global speciality chemicals company headquartered in Japan, markets innovative and sustainable high-performance materials for demanding applications in the automotive industry. Kuraray therefore helps OEMs and suppliers actively shape the transition to emissions-free mobility, circularity and regulatory compliance.
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Ascend commences orderly wind down of HMD production facility in Lianyungang
Ascend Performance Materials, a leading producer of high-performance and durable engineered materials for everyday essentials and new technologies, announced today its decision to initiate a wind down of operations at its hexamethylene diamine production facility in Lianyungang, China. This decision follows a comprehensive evaluation of the facility’s long-term viability amid evolving market dynamics and regulatory...
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AGY Launches New Lightweight Single-End S2 Glass® Roving to Deliver Breakthrough Performance
AGY, a leading producer of high-performance glass fiber reinforcements, is proud to announce the development and commercial launch of its new single-end lightweight S2 Glass® roving, engineered to deliver exceptional strength, stiffness, and impact resistance for advanced composite applications.
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Syensqo introduces its Ryton polyphenylene sulfide (PPS) coating grade
Syensqo has unveiled its new Ryton polyphenylene sulfide (PPS) coating grade, which aims to easily and effectively provide strong coat performance at lower builds. The new coating grade aims to provide better deposition per pass, reducing the time and resources needed for coating while maintaining high throughput.
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Dow to cut 1,500 jobs in line with US$1 bn cost savings
US materials firm Dow Inc has announced targeted actions to deliver US$1 billion in cost savings. These actions will further reduce the company’s costs in response to ongoing macroeconomic uncertainty, while reinforcing its long-term competitiveness across the economic cycle, it adds.
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LANXESS inaugurates India Application Development Center
Specialty chemicals company LANXESS inaugurated its India Application Development Center (IADC) in Thane, Mumbai, strengthening its innovation and customer service capabilities.
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