Press Releases

Bp and SABIC have just signed a new agreement to work together to drive circular economy in the petrochemical activities at the Gelsenkirchen (Germany) chemical complex. Building on a long established relationship between the two companies at the production site, the new collaboration will help to increase production of certified circular products that take used mixed plastics to make feedstock, thereby reducing the amount of fossil resources needed in the petrochemical plants at the site.

With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for 1,4 Butanediol (BDO) and its derivatives: 1,4-Butanediol (BDO) + 800 EUR/mt Tetrahydrofuran (THF) + 1.050 EUR/mt Polytetramethylene ether glycol (PolyTHF®) + 1.050 EUR/mt

Klöckner Pentaplast, a leading global manufacturer of high barrier protective packaging solutions with industry-leading use of recycled content, today announced the launch of its new sustainability strategy, 'Investing in Better'. This follows on from the recent announcement of the successful completion of kp's entire capital structure refinancing, which is the first of its kind to incorporate an ESG-Ratchet Linked Term Loan marketed to U.S. investors. With the new

Agilyx Corporation (AGLX), a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): "AGLX") and a leader in advanced recycling technology, established Cyclyx International LLC., on January 1, 2021. ExxonMobil joined Agilyx to become a founding member of the joint venture which is focused on helping increase plastic waste recycling. Cyclyx will aggregate and pre-process plastic waste to meet the technical requirements of a wide range of recycling processes while ensu

The Polyplastics Group is expanding its DURACON (R) polyoxymethylene (POM) PM series portfolio with the development of a new high-flow grade for drug contact and delivery applications for the medical and healthcare market. The new grade, DURACON PM27S01N, offers reduced wall thickness, miniaturization, and lower weight for various medical devices that are becoming increasingly complicated and highly functional. Polyplastics' PM series, which also includes DURACON PM09S01N, a sta

AmSty announces an increase in the transaction price of all grades of polystyrene produced by the Company of $0.11/lb., effective March 1, 2021. This price supersedes all other previously announced price changes. About AmSty AmSty is a leading integrated producer of polystyrene and styrene monomer, offering solutions and services to customers in a variety of global markets. AmSty is a member of the American Chemistry Council and its Responsible Care initia

PMC Group International, an independent division of the PMC Group, is Cobra Investments Management and its subsidiary Copperhead Chemical Company ("" Copperhead) and Copperhead Investments were announced to have been acquired from the group owned by these companies on February 5, 2021. Copperhead is responsible for the manufacturing of the three acquired companies and is located on 875 acres of 53 buildings in Tamaqua, Pennsylvania. Copperhead is the only manufacturer of F

LANXESS has taken another major step on the road to climate neutrality: the specialty chemicals company inaugurated a nitrous oxide reduction plant at its site in Antwerp on February 10, Belgium. The plant breaks down around 500 metric tons of nitrous oxide per year, which is equivalent to the climate impact of 150,000 metric tons of CO2. LANXESS has invested around EUR 10 million in its construction. A second plant is scheduled to start up in 2023 and is expected to eliminate a fu

The "The Global Market for Bioplastics and Biopolymers 2021" report has been added to ResearchAndMarkets.com's offering. Nearly 270 million tonnes of petroleum are used every year in the production of plastics. Apart from the environmental problems associated with extracting the non-renewable resource, nearly 80 million tonnes of plastics end up in landfills. Bioplastics and biopolymers are a biodegradable and natural alternative. Bioplastics are biobased pro

INDEVCO Plastics continues expanding its range of sustainable plastic films, announcing the launch of recyclable industrial films and bags that use up to 50% recycled resin content. Last month, INDEVCO Plastics announced its recyclable Shrink Bundling Film comprised of 50% post-consumer recycled (PCR) resin for the beverage and processed food industries. Wayne Mashe, Divisional General Manager of INDEVCO North America Plastics Division, explains, “We’ve been using post-i

Akdeniz Chemson, the world leader in PVC stabilizers, under the umbrella of OYAK, has launched the company's first phase of zinc borate production in Izmir with an annual capacity of 3,000 tons . Akdeniz Chemson will this month complete the parallel capacity expansion in zinc oxide production, one of the main raw materials for the production of zinc borate, and at the same time take its place among flame retardant manufacturers in the world. Akdeniz Chemson, which is one of the

Integrated Polymer Solutions ("IPS"), a portfolio company of Arcline Investment Management ("Arcline"), announced that it has acquired IRP Group ("IRP" or "the Company"). IRP designs and manufacturers highly engineered critical-to-function elastomeric sealing components from its world-class facilities in Southern California. The Company has the scalable infrastructure to support high-growth platforms and is focused on both the rapidly expandin