Evonik plans to increase its capacity for sodium methylate at its Rosario, Santa Fe facility from 60,000 metric tons up to 90,000 metric tons until 2021. The expansion is driven by the growing demand for biodiesel in South America, mainly Argentina and Brazil. Sodium methylate is an important catalyst for large-scale biodiesel production. “Confirmed higher […]
Read MoreSaint-Gobain through its French subsidiary Placoplatre has reached an agreement with HIRSCH Servo Group and BEWiSynbra Group to sell its expanded polystyrene (EPS) business in France. Saint-Gobain previously sold its German EPS business to HIRSCH. Saint-Gobain’s French EPS business has 6 industrial sites with around 240 employees and generated sales of around €70 million in […]
Read MoreIn an effort to diversify into specialty chemicals, Petronas Chemicals Group Bhd (PCG) has completed the acquisition of 100 percent stake in Da Vinci Group BV, widely known as BRB, marking the firm’s first foray into specialty chemicals. This is after PCG fulfilled the conditions required in the share purchase agreement to complete the acquisition. […]
Read MorePolyOne announced it has entered into a definitive agreement to sell its Performance Products and Solutions (PP&S) business to SK Capital Partners for $775 million in cash. PolyOne expects to record a pre-tax gain of approximately $600 million at the time the sale is completed. With sales of approximately $700 million, PP&S is a global […]
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