Plasticizer

McDermott Awarded PMC Contract From IOCL

Retrieved on: 
Wednesday, May 24, 2023
Tetra, Adhesive, THF, Senior, IOCL, PMC, FEED, Agrochemical, MAH, McDermott, BDO, Plasticizer, Panipat Refinery, Maleic anhydride

HOUSTON, May 24, 2023 /PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) contract from India Oil Corporation Limited (IOCL) for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India.

Key Points: 
  • HOUSTON, May 24, 2023 /PRNewswire/ -- McDermott has been awarded a project management consultancy (PMC) contract from India Oil Corporation Limited (IOCL) for the Maleic Anhydride (MAH) unit at the Panipat Refinery and Petrochemical Complex, located 62 miles (100 kilometers) from New Delhi, India.
  • "McDermott has a long-standing relationship with IOCL and is currently executing three large-scale projects at their Barauni and Haldia refineries," said Vaseem Khan, McDermott's Senior Vice President, Onshore.
  • "Our unrivaled project management and execution capabilities, combined with our decades of experience in India, uniquely position us to successfully execute this project."
  • MAH is used to make specialty products like polyester resins, surface coating plasticizers, agrochemicals and lubricant additives.

EQS-News: H&R GmbH & Co. KGaA: Greenalia and P2X-Europe join forces to develop an eFuel production project in Galicia

Retrieved on: 
Monday, May 22, 2023
Partnership, Frankfurt Stock Exchange, Face, R group, GRN, Aviation, H&R, Wind, Lubricant, Chemical industry, Plasticizer, Biomass, CO2, Hydrocarbon, Airline, Natural gas, Renewable energy, PTL

The initiative envisages a circular process in which, together with green hydrogen, biogenic CO2 would be used to produce the hydrocarbons.

Key Points: 
  • The initiative envisages a circular process in which, together with green hydrogen, biogenic CO2 would be used to produce the hydrocarbons.
  • The products are essentially aimed at aviation and the development of high-value waxes for the chemical industry.
  • For the CEO of Greenalia, Manuel García, "this project approaches the process from a circular, global, sustainable and innovative perspective.
  • Through project Breogán, P2X and GRN will strengthen their commitment to the region of Galicia.

The first compostable straw manufacturing factory officially opened in Poland-TEX YEAR MINIMA TECHNOLOGY EUROPE Sp. z o. o.

Retrieved on: 
Monday, May 15, 2023
Carbon, Adhesive, DIN, European Green Deal, GPS, Civil service commission, CSR, Government, Certification, Information economy, Food packaging, USDA, Plasticizer, European Commission

Recently, it established a new factory in Poland in a joint venture with Minima Technology, Taiwan's largest compostable tableware and food packaging manufacturer.

Key Points: 
  • Recently, it established a new factory in Poland in a joint venture with Minima Technology, Taiwan's largest compostable tableware and food packaging manufacturer.
  • It will be the 9th factory of Tex Year's worldwide deployment.
  • Tex Year, a green material supplier, is the first material manufacturer to build a factory in Poland among the first wave of Taiwanese investment in Europe.
  • Tex Year set up its branch in Gniezno, Poland to provide timely service in the Europe zone market.

Mycocycle Raises $2.2M in Seed Funding to Scale Mushroom-Based Circular Solutions for the Built Environment

Retrieved on: 
Tuesday, May 9, 2023
META, Carbon accounting, Construction, Waste management, United States Department of Energy, General partnership, Toxicity, Research, Aircraft, Recycling, Fungus, Mycelium, Climate change, United States Department of Energy National Laboratories, Investment, Nature, Plasticizer, Municipal solid waste, Ecology, Environment, Circular economy, Industrial waste, Renewable energy

CHICAGO, May 9, 2023 /PRNewswire-PRWeb/ -- Mycocycle, a nature-inspired biotechnology startup operating in the waste-to-value space, today announced it has raised a total of $2.2M in seed funding, bringing total funds raised to $3.7M. Led by Anthropocene Ventures, the seed funding round also includes investments from the TELUS Pollinator Fund for Good, Alumni Ventures, and Telescopic Ventures, among others. The new capital enables Mycocycle to establish a model pilot facility, develop its first-generation decentralized treatment container, validate reuse of its biobased byproduct, and expand its team.

Key Points: 
  • CHICAGO, May 9, 2023 /PRNewswire-PRWeb/ -- Mycocycle, a nature-inspired biotechnology startup operating in the waste-to-value space, today announced it has raised a total of $2.2M in seed funding, bringing total funds raised to $3.7M.
  • Led by Anthropocene Ventures , the seed funding round also includes investments from the TELUS Pollinator Fund for Good, Alumni Ventures , and Telescopic Ventures, among others.
  • "The completion of this seed funding round underscores Mycocycle's readiness to scale and become a leading provider of low-carbon waste management solutions that function in harmony with the natural world.
  • Through this program, Mycocycle will advance large scale treatment solutions for rubber waste.

Global Ethanol Market Analysis 2023: Players Include POET Biorefining, Archer Daniels Midland, Valero Energy, Green Plains LLC and Sao Martinho - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 4, 2023
Chemicals, Plastics, Manufacturing, C2H5OH, Plastic, Chemical industry, Nursing care plan, Overalls, Gasoline, POET, Fermentation, Cosmetics, Lacquer, BPCL, Doe-Anderson Inc., Disinfectant, Chemical substance, Solvent, Acetic acid, Nature, Water, Plasticizer, Valero Energy, ADM (company), Container deposit legislation in the United States, Growth, Molasses, Andersons, Food, Bharat Petroleum, Renewable energy, Others, Ethanol, Fuel

The global Ethanol market has reached around 100 million tonnes in 2021 and is expected to grow at a CAGR of 4.75% during the forecast period until 2032.

Key Points: 
  • The global Ethanol market has reached around 100 million tonnes in 2021 and is expected to grow at a CAGR of 4.75% during the forecast period until 2032.
  • Ethanol combines easily with water and a variety of organic liquids and is used to dissolve other chemical compounds.
  • The growth of Ethanol market is expected to increase due to its application in multiple industries on a global level.
  • Significant companies for Global Ethanol are POET Biorefining, Archer Daniels Midland, Valero Energy, Green Plains LLC, Sao Martinho, SDIC Bio Co., Ltd., Flint Hills Resources LP, Atvos, COFCO Biochemical, The Andersons, Inc., Marquis Energy LLC, and Others.

Eastman Announces First-Quarter 2023 Financial Results

Retrieved on: 
Thursday, April 27, 2023
Packaging, Chemicals, Plastics, Manufacturing, Borrowing base, Plastic, Advanced Materials, Costa, Table, Additive, CI, Eastman, AFP, Weakness, GAAP, EBIT, Plasticizer, Appendix, Chairperson, Growth, EPS, Environment, Renewable energy, Retail, Arms industry, Fine chemical, Natural gas

EBIT decreased due to lower sales volume/mix, increased pension expense, an unfavorable impact from foreign currency, and continued investment in growth.

Key Points: 
  • EBIT decreased due to lower sales volume/mix, increased pension expense, an unfavorable impact from foreign currency, and continued investment in growth.
  • Commenting on the outlook for full-year 2023, Costa said: “We delivered solid results in the first quarter despite a difficult global economic environment.
  • Starting in first-quarter 2023, Eastman integrated the functional amines business into Additives & Functional Products.
  • First-quarter 2023 financial reporting is on this new basis.

Forbo shareholders approve all proposals of the Board of Directors

Retrieved on: 
Friday, March 31, 2023
Treasury, SIX Swiss Exchange, Reuters, Bank statement, Organization, Share repurchase, National Executive Board of the Boy Scouts of America, Proxy, Annual report, Plasticizer, ISIN, CHF, CO2, Holding company, Security (finance), Management, Forbo Holding AG

At today’s 95th Ordinary General Meeting of Forbo Holding Ltd in Zug, the shareholders approved all the proposals of the Board of Directors by a clear majority.

Key Points: 
  • At today’s 95th Ordinary General Meeting of Forbo Holding Ltd in Zug, the shareholders approved all the proposals of the Board of Directors by a clear majority.
  • Today's Ordinary General Meeting of Forbo Holding Ltd was attended by 120 shareholders, representing 1,083,616 registered shares or 72.97 percent of the share capital issued.
  • Shareholders approved all the proposals of the Board of Directors by a large majority.
  • Forbo Holding Ltd is listed on SIX Swiss Exchange (security number 354151, ISIN CH0003541510, Bloomberg FORN SW, Reuters FORN.S).

H.I.G. Capital Announces the Sale of Elekeiroz to Oswaldo Cruz Química

Retrieved on: 
Thursday, March 23, 2023
Other Manufacturing, Finance, Engineering, Chemicals, Plastics, Banking, Professional Services, Manufacturing, Asset Management, Other Professional Services, Oxo alcohol, Organic acid anhydride, Growth, ESG, Phthalic anhydride, H.I.G. Capital, Sale, Renewable energy, Elekeiroz, Plasticizer

Capital ("H.I.G.

Key Points: 
  • Capital ("H.I.G.
  • The purchaser is Oswaldo Cruz Química, a leading player in the Latin American specialty chemical market.
  • Brazil and Latin America said, “It has been a privilege to support Elekeiroz for the past five years.
  • We are confident that Elekeiroz is ready to enter into its next phase of growth, partnering with a significant player in the chemical market”.

Tarkett's 2022 CSR Report demonstrates progress on key priorities: climate goals, circular economy and support to people & communities

Retrieved on: 
Monday, March 20, 2023
U.S. Department of Energy, Office of Inspector General, Science, Gold medal, Carbon accounting, Science Based Targets initiative, Developmental Leadership Program, Asthma, Office of Inspector General, U.S. Department of Health and Human Services, Carbon footprint, Electricity, Organic compound, Woman, Research, Corporate social responsibility, Recycling, Carbon, DOE, CSR, Certification, Organization, Renewable energy, FieldTurf, Climate change, Gold, Incineration, Water, Plasticizer, RS, CDP, Sport, Biophysical environment, Health, Safety, Asthma and Allergy Foundation of America, Management

Fully audited by an independent third party, this report outlines the company's significant sustainability performance.

Key Points: 
  • Fully audited by an independent third party, this report outlines the company's significant sustainability performance.
  • Doing more with less is our commitment, our mission and our mindset," said Fabrice Barthélemy, CEO of Tarkett.
  • Scope 1 & 2 greenhouse gas emissions from manufacturing operations were reduced by 41% versus 2019, notably through the increased purchase of renewable electricity.
  • Tarkett has made significant progress with ReStart®, its take-back and recycling program, by transforming end-of-use flooring and recycled materials into new floors.

New OxBalance Product Line: OQ Chemicals Launches World’s First Bio-Based ISCC PLUS Certified Isononanoic Acid

Retrieved on: 
Tuesday, March 7, 2023
Oil, Gas, Finance, Energy, Packaging, Engineering, Chemicals, Plastics, Professional Services, Manufacturing, ISCC, Plasticizer, Dicarboxylic acid, Extractive metallurgy

OQ Chemicals has launched “OxBalance Isononanoic Acid”, the world’s first commercially available isononanoic acid that is produced from both bio-based and circular feedstocks, and is ISCC PLUS certified.

Key Points: 
  • OQ Chemicals has launched “OxBalance Isononanoic Acid”, the world’s first commercially available isononanoic acid that is produced from both bio-based and circular feedstocks, and is ISCC PLUS certified.
  • The new product has a bio-based content of over 70 percent, providing manufacturers with a sustainable and eco-friendly alternative to conventional isononanoic acid.
  • To meet the growing demand for carboxylic acids, OQ Chemicals has recently invested in a capacity expansion project in Germany.
  • Therefore, the introduction of our ISCC PLUS certified OxBalance Isononanoic Acid is a significant milestone in our journey towards sustainable chemical production.