Page 70 - Plastics & Polymers
Myriant, UPC and Sojitz to co-develop bio-based plasticisers
UPC will utilise Myriant's bio-succinic acid for making bio-based, phthalate-free plasticisers, while Sojitz will closely work with UPC for marketing UPC's branded bio-based plasticisers
Asia Pacific to drive demand for NBR powder to reach $462 mn in 2020
Automotive application is expected to witness fastest growth on account of growing automotive industry in emerging markets including Mexico, China and India, according to Grand View Research Inc
 "Asia Pacific to drive demand for NBR powder to reach $462 mn in 2020")
PolyOne buys specialty assets from Accella Performance
The acquisition will help PolyOne accelerate specialty platform growth with expanded portfolio of liquid polymer solutions
Hexpol acquires US rubber compounder Portage Precision Polymers
Portage Precision Polymers, with two manufacturing facilities in Ohio (Ravenna and Mogadore), US, had a turnover of $ 29 million in 2013
 "Hexpol acquires US rubber compounder Portage Precision Polymers")
Ashland completes sale of elastomers business to Lion Copolymer
The elastomers business, based in Port Neches, Texas, primarily serves the North American replacement tyre market
IOC to ink MoUwith IDCO for petrochemical complex at Paradeep
The petrochemical complex, to be set up by IOC, is a part of the petroleum, chemicals and petrochemicals investment region (PCPIR) hub
Global Bioenergies produces butadiene through biological process
For the first time, the company has succeeded in producing butadiene by direct fermentation from renewable resources
BASF to invest $625 mn for enhancing superabsorbent capacities
The first wave of revamping existing plants will be kicked off in Europe, closely followed by plants in Asia and the Americas
 "BASF to invest $625 mn for enhancing superabsorbent capacities")
Hanwha Group acquires Samsung's defense and chemical subsidiaries
The deal will help Hanwha Group to emerge as one of the leading players in the defense and petrochemical industries in South Korea
 "Hanwha Group acquires Samsung's defense and chemical subsidiaries")
Europe frames rules to reduce plastic bags use
The European Commission will also evaluate the impact on the environment of oxo-degradable plastic materials, which fragment into small particles
 "Europe frames rules to reduce plastic bags use")
Pearl Polymers' Mahad facility catches fire
The ground storage area of one of the company's units located at Mahad, Maharashtra, caught fire on November 22, 2014
Solvay Specialty's Panoli plant receives Responsible Care certification
Responsible Care is a voluntary initiative of the global chemical industry to improve health and environmental performance, and enhance security
 "Solvay Specialty's Panoli plant receives Responsible Care certification")
Lubrizol and Mitsui Chemicals ink alliance pact for Lucant polymer
As per the deal, Lubrizol will be the exclusive worldwide seller and marketer of the Lucant polymer product range to the lubricant industry
BASF changes flame retardant for insulation products to become REACH-compliant
The company has switched its entire range of polystyrene-based insulation products to a new flame retardant, PolyFR, to meet the EU REACH regulation on chemicals
Astral Poly Technik buy 76% stake in adhesive maker Resinova for Rs 213 cr
The acquisition of Resinova will synergise with Astral's existing pipes and fittings businesses by deepening and widening its product offerings
 "Astral Poly Technik buy 76% stake in adhesive maker Resinova for Rs 213 cr")
Stephen Pryor to retire as ExxonMobil Chemical's president
Neil Chapman, senior vice president, Polymers, ExxonMobil Chemical, likely to be appointed in his place
High energy cost & low R&D spending decline EU chemical sector's competitiveness
Energy-intensive chemical segments such as petrochemicals and polymers, which account for half of EU chemicals exports, were especially hit
 "High energy cost & low R&D spending decline EU chemical sector's competitiveness")
Ineos to invest $1 bn in the UK shale gas industry
If Ineos wins all the shale gas licenses it has applied for, the company will be the biggest player in the UK shale gas industry
Verdezyne to set up bio-based diacids plant in Malaysia
Agreement with Bio-XCell to finance and build Verdezyne's commercial plant with annual production capacity of 30 million pounds of diacids
Kemira opens functional chemicals plant in China
The plant, built at Nanjing Chemical Park, Jiangsu Province, will provide a wide range of functional and process chemicals for water-intensive industries such as paper
 "Kemira opens functional chemicals plant in China")
