Chemical

German materials manufacturer Covestro and biotechnology company Genomatica have joined forces to research and develop high-performance materials based on renewable feedstocks. With their collaboration, both partners say they are aiming to reduce the use of fossil-based resources such as crude oil. These are today still the most common carbon and…

New technologies and processes are creating numerous products and applications that are opening up new markets. An extremely dynamic growth market with high future potential is emerging for thermoplastic composites. This is why the Oldenburg-based chemical company BÜFA founded BÜFA Thermoplastic Composites. In the composites business field, BÜFA has so…

Sun Chemical and its parent company, DIC Corporation, will build a new production line for its polyphenylene sulphide (PPS) compounds at its DIC Imaging Products USA facility in Oak Creek, Wisconsin. The new PPS compounds production line will be the company’s first in North America and is scheduled to begin…

The webinar will last an hour during which participants will learn more about Scott Bader and its innovative Crestafire FST range including customer case studies of the system in action. The webinar will conclude with an interactive questions and answers session. Neil Gray, Scott Bader’s Global Market Manager for Fire,…

Eni Chief Refining & Marketing Officer Giuseppe Ricci (L) and COREPLA President Antonello Ciotti have signed an accord to explore ways to produce hydrogen from waste plastics. March 11 (UPI) — Italian state oil company Eni has signed an accord with the country’s waste collection and recycling organization to research commercial…

FOR 2018, SALES OF €4.98 BILLION ARE 1 PERCENT ABOVE LAST YEAR EBITDA DECLINES 8 PERCENT TO €930 MILLION DUE TO AS-YET PENDING INSURANCE COMPENSATION FOR LOSS EVENT AT SITE IN TENNESSEE INCOME FROM CONTINUING OPERATIONS GROWS BY 4 PERCENT TO €260 MILLION DIVIDEND PROPOSAL OF €2.50 PER SHARE EQUIVALENT TO…

German speciality chemicals firm Evonik is to sell its methacrylates business to Advent International for EUR3 billion. The selling price (enterprise value) is said to be 8.5 times the business’ EBITDA. The transaction is subject to approval by the authorities in several countries and Evonik’s supervisory board has yet to…

European spot styrene monomer prices remained on an uptrend that started at the beginning of this year Spot prices in Asia, meanwhile, stayed strong although the firm trend appears to have somewhat faltered. . In Europe, spot styrene prices’ upturn has recently found extra support from an unexpected outage at…

ChemChina injected its shares in the KraussMaffei Group into its listed majority owned subsidiary Munich, 16.01.2019. The KraussMaffei Group (KraussMaffei) completed its listing on the Shanghai stock exchange on the 28./29. December 2018. The listing occurred through the transfer of ChemChina’s stake in KraussMaffei to ChemChina’s majority owned subsidiary THY…

It’s been a difficult year for the oil and gas industry but things are looking up, with the Brent oil price averaging at about US$70 from US$54 the previous year. As of September, there are 20 oil rigs in operation on Malaysian waters, five more than the year before. Nevertheless,…