Chemical industry

Renowned Industry Leader Dr. Peter Schuhmacher Joins Austin Elements Inc. Board

Retrieved on: 
Tuesday, April 2, 2024
AEI, Chemical industry, Development, Element, Chemistry, BASF, Management

HOUSTON, April 2, 2024 /PRNewswire/ -- Austin Elements Inc. proudly announces the appointment of Dr. Peter Schuhmacher to its Board of Directors.

Key Points: 
  • HOUSTON, April 2, 2024 /PRNewswire/ -- Austin Elements Inc. proudly announces the appointment of Dr. Peter Schuhmacher to its Board of Directors.
  • Dr. Schuhmacher, an esteemed figure in the industry, brings a wealth of experience and expertise having previously served as a prominent leader at BASF – a global leader in the chemical industry.
  • "I am honored to join the board of Austin Elements Inc. and contribute to its mission of achieving critical minerals independence through sustainable technology," said Dr. Schuhmacher.
  • Dr. Schuhmacher's appointment underscores Austin Elements Inc.'s commitment to attracting top talent and fostering strategic partnerships to further its mission.

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on: 
Monday, April 1, 2024
Sustainability, Millennials, Certification, Attention, Tax, Plastics industry, Textile, Biotechnology, Survival, Partnership, Beauty, Natural Resources, Raw material, BDO, BIO, SGS, Transport, Carbon, Plant, Sugar, Ivivva athletica, Plastic, Pollution, Chemical industry, Coal, Geno's Steaks, Greenhouse, Marketing, Economics, Geno, Engineering

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points: 
  • Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
  • SEOUL, South Korea, April 1, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
  • Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
  • From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
    With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

Hyosung TNC Invests $1 Billion in Future "Bio" Business

Retrieved on: 
Monday, April 1, 2024
Sustainability, Millennials, Certification, Attention, Tax, Plastics industry, Textile, Biotechnology, Survival, Partnership, Beauty, Natural Resources, Raw material, BDO, BIO, SGS, Transport, Carbon, Plant, Sugar, Ivivva athletica, Plastic, Pollution, Chemical industry, Coal, Geno's Steaks, Greenhouse, Marketing, Economics, Geno, Engineering

Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.

Key Points: 
  • Chairman Hyun-Joon Cho states, "The bio business will become a core pillar of Hyosung for the next 100 years.
  • SEOUL, South Korea, March 31, 2024 /PRNewswire/ -- Hyun-Joon Cho, chairman of Hyosung announces major investment in the bio business, embarking on future new business ventures.
  • Hyosung TNC plans to proactively respond to the global materials market's reorganization around sustainable products by investing $1 billion to establish multiple Bio-BDO production plants capable of producing 200,000 tons annually.
  • From Raw Material to Fiber, Hyosung TNC Establishes the World's First Fully-Integrated Production System for Bio-Spandex
    With this investment, Hyosung TNC has secured the largest bio-spandex factory in Vietnam.

ResourceWise Launches ChemEdge360, Market Intelligence for the Chemicals Industry

Retrieved on: 
Thursday, March 21, 2024
Solvent, Chemical industry, Methanol, Diol, History, PDF, Movement, Small business, Retail

CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.

Key Points: 
  • CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.
  • Rooted in a legacy of market intelligence established by Houston-based Chemical Intelligence, ChemEdge360 represents ResourceWise's continued dedication to customer success in the chemicals, forest products, and renewable fuels industries.
  • "The future of the chemical sector depends on timely, accurate, and strategic data and insights," stated George West, founder of Chemical Intelligence, now part of ResourceWise.
  • The new platform is now accessible to industry professionals seeking a robust, data-driven approach to identify market trends and growth opportunities.

ResourceWise Launches ChemEdge360, Market Intelligence for the Chemicals Industry

Retrieved on: 
Thursday, March 21, 2024
Solvent, Chemical industry, Methanol, Diol, History, PDF, Movement, Small business, Retail

CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.

Key Points: 
  • CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- ResourceWise is excited to introduce ChemEdge360, the latest advancement in market intelligence platforms for methanol, glycols, and solvents.
  • Rooted in a legacy of market intelligence established by Houston-based Chemical Intelligence, ChemEdge360 represents ResourceWise's continued dedication to customer success in the chemicals, forest products, and renewable fuels industries.
  • "The future of the chemical sector depends on timely, accurate, and strategic data and insights," stated George West, founder of Chemical Intelligence, now part of ResourceWise.
  • The new platform is now accessible to industry professionals seeking a robust, data-driven approach to identify market trends and growth opportunities.

Quantix Appoints New Executive Vice President and Chief Financial Officer

Retrieved on: 
Wednesday, March 20, 2024
Chemical industry, Executive, Overalls, Swift Transportation, USAT, Transport, Treasurer, Honeywell, CFO, Management

HOUSTON, March 20, 2024 /PRNewswire/ -- Quantix , North America's leading supply chain services company to the chemical industry, announced today it has named Jason Bates as its Executive Vice President and Chief Financial Officer, effective immediately.

Key Points: 
  • HOUSTON, March 20, 2024 /PRNewswire/ -- Quantix , North America's leading supply chain services company to the chemical industry, announced today it has named Jason Bates as its Executive Vice President and Chief Financial Officer, effective immediately.
  • "We're incredibly impressed by Jason's knowledge and expertise of the transportation sector, as well as his diverse executive leadership experience, overall," said Quantix president and CEO, Chris Ball.
  • He was most recently the Executive Vice President, Chief Financial Officer and Treasurer of Daseke, Inc., a multi-billion dollar publicly traded diversified transportation and logistics company.
  • Prior to his time at Daseke, Bates served as the Executive Vice President, Chief Financial Officer and Treasurer at USAT Capacity Solutions, a North American freight carrier and logistics brokerage provider.

World Petrochemical Conference in Houston to Discuss Industry Issues Facing Global Chemical Markets

Retrieved on: 
Monday, March 18, 2024
Carbon, Derivative, S&P Global, Emerging technologies, Conference, Policy, Plastic, Methanol, COVID-19, Freight transport, Tuesday, Ammonia, Petronas, Fiber, LyondellBasell, Acceleration, Road, Marriott Marquis, Sustainability, Petrochemical industry, Chemical industry, WPC

HOUSTON, March 18, 2024 /PRNewswire/ -- The 39th annual World Petrochemical Conference (WPC) by S&P Global will be held March 18 to 22, 2024 at the Marriott Marquis Hotel in downtown Houston.

Key Points: 
  • HOUSTON, March 18, 2024 /PRNewswire/ -- The 39th annual World Petrochemical Conference (WPC) by S&P Global will be held March 18 to 22, 2024 at the Marriott Marquis Hotel in downtown Houston.
  • At this gathering of leading companies in the global chemical industry, notable thought leaders aim to discuss demand and supply dynamics, the rapidly evolving chemicals landscape and how the industry can be primed for recovery while focusing on sustainability.
  • Our newly expanded team of chemical industry specialists will cover even more of the chemical value chain – from feedstocks to performance chemicals – and integrate that with discussions on critical supply chains, carbon, geopolitical factors, and energy transition.
  • Mark Eramo, Global Head of Fuels, Chemicals & Resource Solutions, S&P Global Commodity Insights said, "The after-effects of supply chain disruptions following the Covid-19 pandemic, coupled with geopolitical uncertainties, rising costs, and mounting pressure to decarbonize, has had huge implications on global trade flows and the global chemical markets.

EQS-News: Alzchem Group AG: EBITDA increase of 32.4 % to EUR 81.4 million – continuing on the road to success

Retrieved on: 
Wednesday, March 13, 2024
CFO, Speciality chemicals, Livestock, Supervisory board, Annual report, Investment, Trostberg, Basics, Growth, Creatine, Safety, Health, EUR, Intermediate 1, CO2, Electricity, Chemical industry, Agriculture, Annual, Environment, Lithium

Despite a persistently challenging environment, the company succeeded in significantly increasing all key earnings figures and at EUR 540.6 million (2022: EUR 542.2 million) maintaining Group sales almost at the previous year’s record level.

Key Points: 
  • Despite a persistently challenging environment, the company succeeded in significantly increasing all key earnings figures and at EUR 540.6 million (2022: EUR 542.2 million) maintaining Group sales almost at the previous year’s record level.
  • Primarily due to the increasing weight of the higher-margin growth segment Specialty Chemicals, Alzchem succeeded in significantly increasing Group EBITDA by 32.4% to EUR 81.4 million in the fiscal year 2023 (previous year: EUR 61.4 million).
  • Operating cash flow also developed strongly in the fiscal year 2023, which was once again clearly positive at EUR 72.7 million (2022: EUR -4.2 million).
  • Thanks to them, the Alzchem Group remains on course for success,” explains Andreas Lösler, CFO of Alzchem Group AG.

EQS-News: Nabaltec AG achieves an EBIT margin of 9.1% in 2023 despite weak economic demand and expects slight growth in 2024

Retrieved on: 
Wednesday, March 13, 2024
VCI, Chemical industry, Environment, Fine chemical

The EBIT margin (EBIT as a percentage of total performance) was 9.1%.

Key Points: 
  • The EBIT margin (EBIT as a percentage of total performance) was 9.1%.
  • However, the forecast for the EBIT margin, which was also adjusted from the expected 6% to 8%, was exceeded.
  • Due to the economic and sector-specific environment, the company expects revenues for 2024 to be slightly above the previous year's level.
  • On the earnings side, Nabaltec is expecting an EBIT margin in a range of 7% to 9%.

E-Fuels Market Poised for Accelerated Growth to USD 49.4 Billion by 2030, with E-Ammonia Leading Demand in Renewable Energy Transition - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 6, 2024
Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Other Energy, Chemicals, Plastics, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Region, Air pollution, Siemens Energy, Ammonia, USD, Carbon footprint, IEA, Aviation, Sunfire, Investment, Transport, Growth, Hydrogen, Carbon, Climate change, Heat, COVID-19, Gas, Chemical industry, Agriculture, Audi, Renewable energy

The global e-fuels market is estimated to grow from USD 6.2 Billion in 2023 to USD 49.4 Billion by 2030; it is expected to record a CAGR of 34.5% during the forecast period.

Key Points: 
  • The global e-fuels market is estimated to grow from USD 6.2 Billion in 2023 to USD 49.4 Billion by 2030; it is expected to record a CAGR of 34.5% during the forecast period.
  • Furthermore, the increased use of electric vehicles, as well as the necessity for backup energy sources to supplement renewable energy networks, is driving the expansion of the e-fuel industry.
  • Based on fuel type, the e-fuel market has been split into six types: e-methane, e-kerosene, e-methanol, e-ammonia, e-diesel, and e-gasoline.
  • Consequently, the clean energy transition is reshaping the energy landscape and driving demand for e-fuels.