Polymers
PolyOne forms Middle East additives joint venture
Specialty polymer materials, services and solutions provider PolyOne has agreed to form a joint venture with E.A. Juffali & Brothers Co. that it says will enable the expansion of its global color, additives and inks business into the Middle East. The new joint venture will be 51% owned by PolyOne and will be based in Jeddah, Saudi Arabia.
Elix Polymers chooses A Schulman for Europe ABS distribution
US-based plastics compounder A Schulman on Monday announced the signing of a distribution agreement with ELIX Polymers of Tarragona, Spain. Under the agreement, A Schulman has assumed responsibility for distribution of ELIX's acrylonitrile butadiene styrene (ABS) grades, which are currently marketed under the trade names of Lustran and Novodur, in Germany, Switzerland, Austria, the Benelux countries, France, Great Britain and Scandinavia.
Plastics compounder A Schulman sees increased buying from Europe
US-based plastics compounder A. Schulman said Friday that it expects to report earnings of about $58 million for its fiscal year ended August 31, up from prior projections of between $50 million and $52 million of adjusted net income for the year.
Yantai Wanhua to start up China propylene plant in 2013, use UOP technology
Honeywell’s UOP has been selected by Yantai Wanhua Polyurethanes to provide propylene production technology for a new plant projected to come online in 2013. Yantai Wanhua will use Honeywell's UOP process technology, catalysts and adsorbents to produce propylene, a building block for films and packaging, and isobutane, a raw material used in the polyurethane production process, at its facility in Yantai, China.
Thailand's PTT Chemical to buy 50% stake in bioplastics firm NatureWorks
PTT Chemical is buying from Cargill a 50% stake in NatureWorks, a leading bioplastics manufacturer and supplier of renewable Ingeo biopolymers made from plants to global plastics and fibers markets. PTT will pay $150 million for its 50% part in the venture, it said.
Dow, Saudi Aramco finalize Sadara Chemical JV
Saudi Aramco CEO Khalid A. Al-Falih and Dow CEO Andrew N. Liveris have formalized their joint venture (JV) for Sadara Chemical Co. by signing the shareholders agreement. Ali Ibrahim Al-Naimi, Saudi Arabia Minister of Petroleum and Mineral Resources and chairman of Saudi Aramco, presided over the weekend ceremony.
Saudi Aramco, Dow see “significant progress” on chemical venture
The establishment of Sadara Chemical Company, a planned joint venture under formation between Dow Chemical and the Saudi Arabian Oil Company (Saudi Aramco), is making significant progress following the authorization by both companies in late July, officials from Dow said on Tuesday.
MAN Diesel to supply compressors for China plant
MAN Diesel & Turbo has secured an order for 24 compressor units for an integrated chemical complex in Chongqing, China, the company said on Wednesday. The order size is about €50 million.
PolyOne to buy specialty additives firm ColorMatrix
US-based specialty polymers firm PolyOne has agreed to acquire ColorMatrix, a leading global innovator in liquid colorants, additives and fluoropolymers, in a deal worth $486 million.
HP Construction: South America
Foster Wheeler’s Global Engineering and Construction Group has been released to perform the second phase scope for an existing contract with Ecopetrol S.A. for modernization of the refinery in Ba..
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