The company plans to build a first industrial facility with a strong financial support from the French Government
The business will be consolidated from 1 April
The total sale price of $1 billion was paid in cash
The company has already started providing samples of Sumicle, aiming for commercialization early in FY2022
The transaction will provide PPG with a highly automated, small- and large-batch capable, powder manufacturing plant in Verbania, Italy
Restructured JV will support global growth of Celanese POM products
Sinopec will give full play to its advantages in the integration of marketing, brand, technology and talent to become leading clean energy and chemical company
ReMat is a market leading plastics recycler in Hungary with an annual processing capacity of 25,000 tons
Production capacity for isobutene derivatives increases by more than 50%
Company expects to process up to 100,000 tonnes of the alternative feedstock per year
New facility can support up to 8 purification lines, which collectively are designed to produce approximately 1 billion pounds of like-new recycled plastic annually
LG Chem will provide plastic materials to Innerbottle that produces cosmetic product containers using such materials, and CJ Logistics collects the used Innerbottle containers, which LG Chem and Innerbottle once again recycles it into its original form.
The contract scope encompasses the supply of an API 612 steam turbine driving an API 617 heat pump compressor and all associated compressor train auxiliary equipment for Chevron Phillips Chemical’s 1 billion lbs./yr C3 splitter unit
Following the feasibility study, investment decision readiness is targeted for 2023 and the gradual implementation is expected to start in 2024
The agreements include three of Clariant’s high-performance catalysts for the production of ethylene, styrene, and propylene
Toyoba will own 51% stake in the JV company which is slated to commence operations in January 2023
Objective of the study, conducted under the lead and coordination of Groupe ADP and GMR Airports and with the expertise of all partners, is to understand and evaluate the demand, the challenges and opportunities of supply, infrastructure and fueling, as well as to prepare a business case for SAF production and use in India for all kind of aviation purposes
The joint venture will combine Braskem’s expertise in the industrial production and sale of chemicals and plastics made from renewable sources with Sojitz’s strong presence in Asia, a region that concentrates 80% of the global MEG market and where its consumption registered the highest growth
The collaboration will further expand LanzaTech’s existing CCT technology and synthetic biology platform, which transform waste carbon into sustainable fuels and other materials such as fabrics, packaging, and other products
Graded price increases of auto fuels would prolong losses for the oil marketing companies
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