PRA News

BP and Socar Turkey have linked up to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. The proposed facility, in Aliaga in western Turkey, will produce 1.25 million tonnes per annum (tpa) of purified terephthalic acid (PTA), 840,000 tpa paraxylene…

PolyOne Corporation, a US-based global provider of specialised polymer materials, services and solutions has acquired Fiber-Line, a US-headquartered specialist in customised engineered fibres and composite materials for US$120 million. Founded in 1987, Fiber-Line has utilised its customer-centric culture and specialty innovation to establish a leading portfolio of materials serving the…

Styrenics maker Ineos Styrolution has made its final investment decision to construct a new 100 kt capacity ASA plant at its site in Bayport, Texas. The new ASA (acrylonitrile styrene acrylate polymer) facility will strengthen the Ineos Styrolution position as the only global producer with ASA production capacity in all regions. Upon…

Riyadh-headquartered chemical company Sabic has taken a majority stake in US-based Black Diamond Structures, a nanotechnology company established in 2014. BDS produces and commercializes Molecular Rebar, a proprietary technology of modified carbon nanotubes that has the potential to enhance the performance of energy storage applications using lead-acid and lithium-ion batteries. BDS will…

US-headquartered machinery company Davis-Standard will be offering its popular extrusion seminar, “The Basics of Plastics Extrusion,” from 9-10 April 2019 at its headquarters in Pawcatuck, Conn. The two-day class covers the fundamentals of plastics extrusion, as well as the composition and properties of various polymers and the mechanics of essential…

Perstorp, a global leader in specialty chemicals headquartered in Sweden, is selling its caprolactone business, Capa,  including its production site in Warrington (UK), to US speciality chemicals company Ingevity for approximately €590 million. The business has annual revenues of approximately €150 million. Under Perstorp’s leadership during the last 10 years,…

UK-based Hi Technological Plastic Industries Plc  is  looking at opportunities in the US and are considering to acquire a US entity. The US entity would seek to raise at least US$10,000,000 and eventually get listed in the US. Hi Technological Plastic Industries is considering taking a 51% equity stake in…

KRAIBURG TPE will start up operations of a new production line at its Malaysia plant this month to boost production capacity by 35% and increase KRAIBURG TPE’s total production capabilities to 60,000 mt worldwide. KRAIBURG TPE is expanding its offices and warehouse in Malaysia in tandem with the new production…

Pittsburgh-headquartered paints, coatings, and specialty materials supplier PPG is increasing its investment in automated dispense cell manufacturing of paint and related coatings for the automotive parts and accessories decorative (APAD) space. Financial details are not being disclosed. Dispense cell technology enables PPG to dramatically accelerate production and approval of paint…

The Coca-Cola Company spawns a new agreement extending a loan to Ioniqa Technologies (The Netherlands) to facilitate the development of Ioniqa’s proprietary technology to produce high-grade, recycled PET content from hard-to-recycle PET waste. The agreement is designed to accelerate the development and deployment of high-grade recycled content PET for use…