Tag Archives: chemicals

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

Evonik to merge its Personal Care and Household Care business lines to form a new Care Solutions Business Line

New Care Solutions unit at Evonik creates powerhouse in the personal care and household products markets Care Solutions is formed from existing Personal Care and Household Care business lines Customers to benefit from: Greater innovative power, leaner processes, closer customer … Read the full press release

Evonik expands product portfolio of synthetic materials for 3D printing with the new PEBA powder

ESSEN, 27-Aug-2018 — /EuropaWire/ — The new high-performance powder stands out for its high elasticity and strength and is suitable for a variety of powder-based 3D printing technologies. 3D printed parts made from the new PEBA powder show a high degree … Read the full press release

Borealis implements the international energy management standard ISO 50001 with the help of DNV GL

VIENNA 02-Aug-2018 — /EuropaWire/ — Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilisers, has implemented the international energy management standard ISO 50001, with the help of DNV GL, the world’s largest resource of … Read the full press release

Evonik recognised in the categories of “Business Responsibility and Ethics” and “Supply Chain Management” at the Sustainability Business Awards (SBA) Singapore 2018

SINGAPORE, 30-Jul-2018 — /EuropaWire/ — Evonik, one of the world leaders in specialty chemicals, was awarded with special recognition in the categories of “Business Responsibility and Ethics” and “Supply Chain Management” at the Sustainability Business Awards (SBA) Singapore 2018, further underpinning … Read the full press release

AkzoNobel Specialty Chemicals to invest in a second, independent production line for chlorine and caustic soda at its Rotterdam plant

AkzoNobel Specialty Chemicals will upgrade its Rotterdam chlor-alkali plant to strengthen development of the local industrial cluster. The company is preparing to invest in a second, independent production line for chlorine and caustic soda and will also implement a series … Read the full press release

Evonik nominated for the AutomotiveINNOVATION Award from the Center of Automotive Management and PricewaterhouseCoopers

ESSEN, 25-Jun-2018 — /EuropaWire/ — Evonik was nominated for the AutomotiveINNOVATION Award from the Center of Automotive Management (CAM) and PricewaterhouseCoopers (PwC). The specialty chemicals company was the only material manufacturer to finish third behind Continental and Toyoda Gosei, as the … Read the full press release

Koninklijke Ten Cate B.V. reached an agreement with Toray Industries Inc. for the acquisition of TenCate Advanced Composites

Acquisition to accelerate growth in advanced composites for both companies  Almelo, The Netherlands, 15-Mar-2018 — /EuropaWire/ — Koninklijke Ten Cate B.V. (“TenCate”) today announces it has reached an agreement with integrated chemicals and materials group Toray Industries Inc. (“Toray”) on … Read the full press release

Sika announced it now owns 100% of Dyflex HD Co Japan

Baar, Switzerland, 7-1-2014 — /EuropaWire/ — Sika has acquired the remaining 24.5% of Dyflex HD Co., Ltd. as of January 7, 2014 and achieves 100% ownership. The complete takeover further strengthens Sika’s position in the Japanese construction market. Sika has been … Read the full press release

EBRD acquired 5.75 per cent-stake in Poland’s biggest producer of fertilisers and chemicals Grupa Azoty

Government reduces state-owned stake in chemical producer 25-4-2013 — /europawire.eu/ — The EBRD has acquired a 5.75 per cent-stake in Grupa Azoty, Poland’s biggest producer of fertilisers and chemicals, for PLN 296.4 million (equivalent of €72.1 million). The investment follows the … Read the full press release