Tag Archives: chemicals

Mutares Divests Prénatal Netherlands to CEO Jochem van Bueren as Portfolio Focus Shifts Away from Retail and Automotive

(IN BRIEF) Mutares has sold Prénatal Netherlands to CEO Jochem van Bueren in a fully financed transaction that was signed and completed simultaneously. The deal covers only the Dutch Prénatal business, an omnichannel retailer with more than 65 years of … Read the full press release →

Rotork to Join ABB Automation as Separate Division Under Proposed $5.5 Billion Transaction

(IN BRIEF) ABB has agreed terms for a recommended all-cash offer to acquire Rotork plc, valuing the flow control and electric actuator specialist at an enterprise value of around $5.5 billion. The offer is set at 503 pence per Rotork … Read the full press release →

Prime Elements GmbH Receives German Feedstock Registration

(IN BRIEF) Prime Elements GmbH has secured German registration to trade rendered fats Category 2 and used cooking oil Category 3 for technical purposes under Regulation (EC) No. 1069/2009, expanding the company’s approved feedstock portfolio for biodiesel production. The registration, … Read the full press release →

Iberdrola Advances Industrial Decarbonisation With EU-Backed Renewable Heat Projects Across Energy-Intensive Sectors

(IN BRIEF) Iberdrola has been awarded European support for eight industrial heat electrification projects under the first European Commission Innovation Fund auction focused on decarbonising industrial heat. The projects will use electric boilers powered by renewable electricity to replace fossil … Read the full press release →

SEB’s Sustainable Finance Outlook examines industrial decarbonisation challenges and U.S. policy impact on clean energy transition

(IN BRIEF) SEB has published its latest Sustainable Finance Outlook, exploring innovative approaches to financing industrial decarbonisation and analysing the impact of shifting global policies. The report highlights the challenges companies face in hard-to-abate sectors, where technology costs vary and … Read the full press release →

Voith introduces E-Pack DS with up to 40 MW power transmission to meet growing demand for space-saving electrification

(IN BRIEF) Voith and ELIN Motoren have introduced the E-Pack DS, a fully integrated electromechanical drive system that merges motor and gearbox into a single synchronized drivetrain. With a power transmission capacity of up to 40 MW, the E-Pack DS … Read the full press release →

Bilfinger Unveils New Global Brand Identity and Slogan to Enhance Efficiency and Sustainability for the Process Industry and Drive Mid-Term Growth

(IN BRIEF) Bilfinger has unveiled a comprehensive rebranding initiative designed to reinforce its role as the top industrial services partner for the process industry. The initiative introduces the new slogan “Your Performance Is Our Business” along with a modernized corporate … Read the full press release →

bp and Iberdrola Begin Construction of Spain’s Largest Green Hydrogen Plant in Castellón

(IN BRIEF) A joint venture between bp and Iberdrola España has commenced construction of Spain’s largest green hydrogen plant, set to begin operations by 2026. Located next to the bp refinery in Castellón, this 25 MW plant is expected to … Read the full press release →

Neste Expands Sustainable Feedstock Offering with Co-Processed Neste RE for Polymers and Chemicals

(IN BRIEF) Neste has introduced co-processed Neste RE, a new renewable feedstock for the polymers and chemicals industry. Produced by co-processing renewable raw materials like used cooking oil with fossil crude oil at its Porvoo refinery, this feedstock offers a … Read the full press release →

Neste Successfully Converts Discarded Tires into High-Quality Raw Material for Chemicals and Plastics

(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release →

Record Free Cash Flow Highlights Brenntag’s Resilience in Volatile Market Conditions

(IN BRIEF) In 2023, Brenntag reported solid financial results despite market challenges, with sales declining by 11.0% due to lower prices and volumes. Operating gross profit reached 4,041.8 million EUR (-3.7%), and operating EBITA stood at 1,265.0 million EUR (-13.1%), … Read the full press release →

Saint-Gobain Strengthens Construction Chemicals Portfolio with Acquisition of Menkol Industries in India

(IN BRIEF) Saint-Gobain has announced its acquisition of Menkol Industries Private Limited, a prominent Indian manufacturer specializing in high-value waterproofing systems. This strategic move enhances Saint-Gobain’s position in the Construction Chemicals sector, focusing on specialty building materials within the dynamic … Read the full press release →

Versalis ranked in the top 1% for corporate social responsibility ratings by EcoVadis

(IN BRIEF) Versalis, the chemicals company owned by Eni, has achieved a “Platinum” rating from independent agency EcoVadis for the second year in a row, placing it in the top 1% for its industry in terms of corporate social responsibility. … Read the full press release →

Alfa Laval joins global initiative to address hard-to-abate CO2 emissions

(IN BRIEF) Alfa Laval has joined the First Movers Coalition (FMC), a global initiative launched by the World Economic Forum (WEF) to decarbonize hard-to-abate CO2-emitting industries and long-distance transport. The FMC focuses on seven sectors, including aluminium, aviation, chemicals, concrete, … Read the full press release →

Europe’s Most Environmentally Sustainable Cracker to be Built with €3.5bn Funding

(IN BRIEF) INEOS Olefins Belgium has secured €3.5 billion in funding to construct and operate Europe’s most environmentally sustainable cracker. The plant will have a lower carbon footprint than the average European steam cracker and is capable of operating solely … Read the full press release →

Neste nominated for the final round at the German Sustainability Award 2023, Europe’s largest award for ecological and social commitment

(PRESS RELEASE) ESPOO, 21-Oct-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced that its ambitious sustainability vision and renewable solutions … Read the full press release →

Neste part of the pioneering public blockchain digital system of Circularise and ISCC along with other major companies aimed at verifying material flows and sustainability attributes

(PRESS RELEASE) ESPOO, 13-Sep-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced its participation in the pioneering public blockchain digital … Read the full press release →

INEOS Aromatics completes multi-million dollar modernisation of its purified terephthalic acid (PTA) plant in Merak, Indonesia

Increases the site capacity by 15% from 500,000 tons to 575,000 tons per annum Reduces CO2 emissions by 15% per tonne Demonstrates INEOS Aromatics’ commitment to the growth of the Indonesian polyester industry (PRESS RELEASE) LONDON, 1-Mar-2022 — /EuropaWire/ — INEOS … Read the full press release →

Neste, the 4th most sustainable company in the world, released its newest market and innovation outlook report

(PRESS RELEASE) ESPOO, 2-Feb-2022 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced the release of its latest Market and Innovation … Read the full press release →

Borealis buys minority stake in the company behind the EcoCore® manufacturing technology platform for sustainable packaging

Deeper partnership drives development of circular packaging solutions based on Borealis polymer and recycling expertise in tandem with Bockatech’s patented EcoCore ® technology platform EcoCore platform to be scaled up to expand range and availability of lighter weight and reusable … Read the full press release →

Wacker Chemie AG to hold its next year’s Annual Shareholders’ Meeting on May 20, 2022 as a virtual event

(PRESS RELEASE) MUNICH, 9-Dec-2021 — /EuropaWire/ — Wacker Chemie AG (ETR: WCH), a German multinational chemical company, has announced that its next year’s Annual Shareholders’ Meeting will be held on May 20, 2022 as a virtual event in order to … Read the full press release →

thyssenkrupp Uhde milestone: 35 EnviNOx® systems successfully installed saving 16 million t/year emissions globally

35th unit installed, total emissions saved worldwide: 16 million t/year EnviNOx® technology reduces greenhouse gas emissions nearly completely (PRESS RELEASE) ESSEN, 24-Nov-2021 — /EuropaWire/ — thyssenkrupp (ETR: TKA), a German multinational industrial engineering and steel production conglomerate, announces that thyssenkrupp Uhde has … Read the full press release →

TÜV Rheinland enters strategic partnership with Technip Energies

This alliance will enable both parties to expand their Project Management Consultancy as well as project controls and supervision capabilities into new market opportunities to create high-value services for clients. (PRESS RELEASE) COLOGNE, 19-Oct-2021 — /EuropaWire/ — TÜV Rheinland, one … Read the full press release →

INEOS to build industrial scale electrolyser to produce green hydrogen at its Koln site in Germany

The project forms part of more than €2bn investment in Green Hydrogen announced by INEOS earlier this week. Hydrogen from the new unit would be used in the production of green ammonia. The complete project will result in a reduction … Read the full press release →

Neste holds its Capital Markets Day 2021 as a webcast on 23 September 2021: strategy execution, market outlook, updated strategic targets

(PRESS RELEASE) ESPOO, 23-Sep-2021 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading provider of renewable diesel and sustainable aviation fuel and the 4th most sustainable company in the world, has announced its Capital Markets Day 2021 held as a … Read the full press release →

BASF to build a new pilot Catalyst Development and Solids Processing Center at its Ludwigshafen site

New center strengthens innovation leadership of chemical catalysts portfolio Sustainable setup with all necessary solids processing capabilities in one place Customers benefit from joint development and faster access to new catalyst technologies (PRESS RELEASE) LUDWIGSHAFEN, 24-Aug-2021 — /EuropaWire/ — BASF … Read the full press release →

Henkel in 1H 2021: Group sales up by 11.3% exceeding pre-crisis level; Operating profit up by 20.1%

Group sales show organic growth of +11.3 percent to around 10 billion euros (nominal +4.7 percent), driven by all business units and regions Operating profit* rises to 1,430 million euros, +20.1% EBIT margin* increased to 14.4%, +1.9 percentage points Earnings per … Read the full press release →

OMV views the EU climate targets as particularly ambitious transposition of the Paris Climate Change Agreement

(PRESS RELEASE) VIENNA, 19-May-2021 — /EuropaWire/ — Austrian multinational integrated oil, gas and petrochemical company OMV, recognizes that climate change is one of the most important global challenges today and fully supports the goals set forth by the Paris Climate … Read the full press release →

GreenMantra Technologies Announces Exclusive Distribution Relationship with HARKE GROUP

GreenMantra Technologies Announces Exclusive Distribution Relationship with HARKE GROUP

(PRESS RELEASE) TORONTO, 16-Mar-2021 — /EuropaWire/ — GreenMantra Technologies is pleased to announce our partnership with HARKE GROUP to distribute our products in Europe. GreenMantra is an innovation leader that utilizes its advanced recycling technology to create unique specialty polymers … Read the full press release →

Borealis to divest its nitrogen business unit

(PRESS RELEASE) VIENNA, 4-Feb-2021 — /EuropaWire/ — One of the world’s leading providers of advanced and circular polyolefin solutions and a European market leader in base chemicals, fertilizers and the mechanical recycling of plastics, Borealis announces its decision to start … Read the full press release →

Galata Chemicals to produce Tin Stabilizers and Intermediates at Dahej, India

(PRESS RELEASE) LAMPERTHEIM, Germany, 3-Sep-2020 — /EuropaWire/ — Galata Chemicals, a leading global producer of plastic additives, announced the commissioning of its newest Tin Stabilizer production facility in Dahej, India. This facility will produce Methyl, Butyl, and Octyl Tin Stabilizers, … Read the full press release →

Siemens launches cost-effective new radar level measurement transmitter

(PRESS RELEASE) NUREMBERG, 24-Aug-2020 — /EuropaWire/ — Siemens introduces Sitrans LR250 PLA (polypropylene lens antenna) radar level measurement transmitter. These cost-effective antennas are field-proven device delivering reliable level readings for inventory management or critical process control. Its high performing horn … Read the full press release →

bp takes next strategic step in its reinvention

bp divests its global petrochemicals business to INEOS for a total consideration of $5 billion (PRESS RELEASE) LONDON, 29-Jun-2020 — /EuropaWire/ — Multinational oil and gas company, bp announces its next strategic step in further strengthening its balance sheet and delivers … Read the full press release →

Clothing and footwear containing Substances of Very High Concern (SVHCs) under EU REACH Regulations may get taxed in Sweden – SGS

(PRESS RELEASE) GENEVA, 20-May-2020 — /EuropaWire/ — Inspection, verification, testing and certification services multinational firm SGS has announced that a tax on clothing and footwear products that contain SVHCs (Substances of Very High Concern) under EU REACH Regulations is about … Read the full press release →

NWO: Technology Area (TA) projects in the Chemicals, Agri&Food, and Energy sectors scheduled to start in 2020

(PRESS RELEASE) THE HAGUE, 2-Apr-2020 — /EuropaWire/ — Three Technology Area (TA) projects are scheduled to start in 2020. A consortium led by Geert-Jan Boons (Utrecht University) will link allergenic proteins to complex sugars to open new avenues for preventing … Read the full press release →

EU on track to launch its most ambitious ever European research and innovation programme in 2021

(PRESS RELEASE) BRUSSELS, 20-Mar-2019 — /EuropaWire/ — EU institutions have just reached to partial political agreement on Horizon Europe. Horizon Europe is the future EU research and innovation programme and aims at facilitating the investment in research and innovation to … Read the full press release →

EBRD lends €15 million to Turkish chemicals maker to increase production of a key component in energy-efficient tyres

EBRD €15 million loan will fund building of new production facility New plant will increase capacity by 40,000 tonnes by 2020 Expansion supports fast-growing demand for silica used in energy-efficient tyres LONDON, 08-Nov-2018 — /EuropaWire/ — In support of greener business … Read the full press release →

BASF and SINOPEC sign MoU to further strengthen partnership in upstream and downstream chemical production in China

New 1,000,000 metric tons steam cracker in Nanjing will support further downstream portfolio development BASF-YPC joint venture will expand capacity Partners intend to explore new business opportunities in battery materials LUDWIGSHAFEN, Germany and NANJING, China, 30-Oct-2018 — /EuropaWire/ — BASF and … Read the full press release →

European chemical industry calls on the European Commission to strengthen the current system of protection of workers’ reproductive health

BRUSSELS, 17-Oct-2018 — /EuropaWire/ — The chemical industry and trade unions today agreed on the future framework to further protect EU workers from the risks associated with exposure to substances toxic to reproduction at the workplace. In a joint declaration signed today, … Read the full press release →

Cefic, CHEM Trust, EEB, UK CIA: We urge UK to remain within REACH and participate in the ECHA post-Brexit

BRUSSELS, 17-Oct-2018 — /EuropaWire/ — Ahead of the Brexit summit on 17 October, Cefic, CHEM Trust, the European Environment Bureau (EEB) and the UK Chemical Industries Association (CIA) have today published an Open Letter to all EU Heads of State in the Financial … Read the full press release →