Gallery - Chemical Industry Outlook 2023
Latest News
Kingswood Capital acquires battery separator leader Daramic from Asahi Kasei, names new CEO
The acquisition strengthens Kingswood’s footprint in complex global markets and the automotive aftermarket
LibertyStream achieves first US field production of lithium carbonate from Oilfield Brine in Texas
The company has developed a scalable template it plans to replicate across high-volume U.S. basins including the Permian and Bakken
Solstice breaks ground on $200 million Spokane expansion to power next-gen semiconductors
The upgrade will double the facility’s production capacity for sputtering targets by 2029
Eni fast-tracks Congo LNG phase 2 ahead of schedule
Congo LNG Phase 2 features three production platforms, the Scarabeo 5 gas treatment and compression unit, and the Nguya FLNG for liquefaction and export
Plenitude buys ACEA Energia in €587m deal to fast-track Its European power expansion
The agreement hands Plenitude a 100% stake in ACEA Energia and a 50% share in Umbria Energy
CARBIOS and Wankai seal major deal to launch Asia’s first large-scale PET biorecycling plant
The partners will form a joint venture to build and operate a PET biorecycling facility capable of processing 50,000 tons of PET waste annually
Stepan Co to sell Louisiana plant in latest global streamlining move
The move comes on the heels of Stepan’s recent exit from the Philippines
Renaissance BioScience and Biome Bioplastics launch $1.5M initiative to scale renewable bioplastics
The companies plan to develop a system to produce a bio-based, renewable building block for bioplastics
Chevron announces 2026 Capex budget of $18 to $19 billion
Chevron Phillips Chemical Company spend is anticipated to be nearly half of affiliate capex in support of two new world-scale facilities
ONGC and Petronet LNG ink 15-years deal for ethane services
Petronet LNG is developing a new, first-of-its-kind third jetty and an ethane storage tank with a capacity of around 170,000 cubic meters
ABB India unveils ACS380-E drive for high-performance automation
The new machinery drive is engineered specifically for industrial machinery applications in several industries, including textile, cable and wire, plastics, intralogistics and more
Fineotex Chemical successfully exercises warrants
The funds raised will be deployed towards working capital requirements and for potential acquisitions
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