US-based specialized polymer materials, services and solutions provider PolyOne has agreed to divest its Performance Products and Solutions (PP&S) business to SK Capital, a private investment firm, for a cash consideration of $775 million. PP&S with sales of approximately $700 million is formulated PVC and polypropylene-based solutions as well as contract manufacturing services provider. With […]
ThalesNano, a Hungary-based solution provider for chemists, will introduce MicroCube and the PhotoCube series at the 258th American Chemical Society National Meeting & Exposition, to be held on the 25th August 2019 in San Diego, California, US. MicroCube is a compact reactor for ultrafast heterogeneous chemistry while the PhotoCube is designed for powerful and versatile […]
Houston-based biotechnology startup Cemvita Factory has entered into an investment agreement with Occidental subsidiary Oxy Low Carbon Ventures (OLCV) to advance the development of innovative low-carbon technology. The investment will help Cemvita Factory develop new bio-engineered pathways that use CO2 as feedstock for sustainable intermediate chemicals and polymers production. Richard Jackson – president of OLCV […]
Russian petrochemicals company Sibur has upgraded its terephthalic acid production facility (TPA production facility) at its Blagoveshchensk site in Russia to meet the growing demand for the polymer in the country and phase out reliance on imports. The upgrade will increase the capacity of the country’s only terephthalic acid production facility from 272,000 to 350,000 tons […]
Intact Financial has agreed to acquire The Guarantee Company of North America and Frank Cowan Company from Princeton Holdings for C$1 billion, as per the latest insurance acquisition news. The acquisition is expected to strengthen Intact’s position in Canada, bringing the firm’s annual North American specialty lines direct premiums close to C$3 billion. The Guarantee […]
German chemical producer BASF and Technische Universität Berlin (TU Berlin) have partnered to cooperate in the area of machine learning through the Joint Lab for Machine Learning (BASLEARN) to be based in Berlin, Germany. BASLEARN will focus on developing workable new mathematical models and algorithms for fundamental questions relating to chemistry in the coming years. […]
Belgian chemical company Solvay has agreed to sell its Performance Polyamides Business in Europe to Domo Chemicals for approximately €300 million as part of the European Commission’s merger control clearance process. The transaction also marks the divestment of Solvay’s remaining Polyamides business to BASF. The assets acquired by Domo Chemicals involve Solvay’s Engineering Plastics operations in […]
US commodity chemical company Dow has agreed to sell its acetone derivatives business to Altivia Ketones & Additives, an affiliate of Altivia Petrochemicals, for an undisclosed amount. In addition to the Institute Industrial Park, the sale involves Dow’s acetone derivatives business and associated chemical manufacturing assets at Institute, West Virginia, US. However, Dow with ownership […]
Quick-service restaurant chain Church’s Chicken will reopen its Church’s Chicken Memphis restaurant in Tennessee, US. Set to reopen on Saturday, 17 August, the Church’s Chicken Memphis restaurant will introduce new design and décor elements, including the brand’s new interior seating options, exterior design and color palettes, and contemporary lighting inside and out. Commenting on the […]
Styrenics applications provider Ineos Styrolution has broken ground on its new acrylonitrile styrene acrylate plant in Bayport, Texas, US, as part of expansion plans for the Americas. The new acrylonitrile styrene acrylate plant (ASA plant) with a production capacity of 100,000 ton per annum is expected to establish the company as the only global producer […]