Braskem S.A. (Philadelphia, Pa.) announced its investment in Nexus Circular LLC, a commercial leader in advanced recycling that converts landfill-bound plastics into circular feedstocks used in the production of sustainable virgin plastics. Mark Nikolich, CEO, Braskem America, stated, "At…
SABIC (Jubail, Saudi Arabia) has signed an agreement to purchase Clariant’s 50% stake in specialties company Scientific Design, currently a 50/50 joint-venture (JV) with SABIC. Subject to regulatory approval, expected in mid-2022, the transaction will give SABIC full ownership of…
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico) has signed an agreement to acquire Oman-based OCTAL Holding SAOC. This acquisition forward-integrates Alpek into the high-value polyethylene terephthalate (PET) sheet business segment, closes the gap towards achieving its ESG goals,…
Hexion Holdings Corp. (Columbus, Ohio) announced that it has completed the sale of its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines for approximately $1.2 billion to Westlake Chemical…
TotalEnergies and Veolia (both Paris, France) have signed an agreement to produce biomethane from Veolia waste and water treatment facilities operating in more than 15 countries. The partners will develop and co-invest in a portfolio of international projects, with the…
Technip Energies, together with BTG Bioliquids, completed a Fast Pyrolysis Bio-oil (FPBO) project for Pyrocell AB in Gävle, Sweden, which successfully started up in September. Pyrocell is a company jointly owned by Setra AB, one of Sweden’s largest wood producers,…
ExxonMobil Corp. (Houston) announced that it is streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value. “Our transformed business structure enables…
Industrial services provider Bilfinger SE (Mannheim, Germany) and clean-tech company Rock Tech Lithium Inc. (Vancouver, B.C., Canada) have signed a letter of intent for an EPCM (engineering, procurement, construction and management) partnership. The agreement relates to the construction of Europe’s…
Chemieanlagenbau Chemnitz GmbH (CAC; Germany) is building a chlor-alkali electrolysis plant for KEM ONE (Lyon, France), Europe's second largest manufacturer of polyvinylchloride (PVC). The €57-million contract is said to be the largest order of this kind in the history of…
Nouryon (Amsterdam, the Netherlands) announced the completion of its latest production facility to meet increasing global demand for innovative and sustainable chelates for the rapidly growing consumer cleaning industry. The startup of the new site in Herkenbosch, Netherlands is expected…