Chemical

CPChem, QatarEnergy finalize financing on Ras Laffan, Qatar, petrochemicals project

Retrieved on: 
Monday, October 9, 2023
Oil, Gas, Manufacturing, Energy, Other Energy, Chemicals, Plastics, Food, Islam, Polymer, QatarEnergy, Texas Gulf Coast, Chevron Phillips Chemical, Natural gas, Chemical, Finance

Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.

Key Points: 
  • Ras Laffan Petrochemicals, a joint venture company owned 30% by Chevron Phillips Chemical and 70% by QatarEnergy, today announced that it has secured $4.4 billion to finance an integrated polymers facility to be located in Ras Laffan Industrial City, Qatar.
  • The project financing comprises commercial and Islamic lenders and a group of export credit agencies.
  • “CPChem very much appreciates the support of the export credit agencies and financial institutions that are participating in the financing of this project,” said Darren Ercolani, CPChem Senior Vice President, Finance, and Chief Financial Officer.
  • CPChem and QatarEnergy reached positive final investment decision for the Ras Laffan Petrochemicals project in January 2023, and startup of the facility is expected in late 2026.

Global Re-Refined Base Oil Market Outlook Report 2023-2028: Opportunities Emerging in Demand For High-Quality Base Oil & Growth In Re-Refining Capacity - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 5, 2023
Other Construction & Property, Energy, Construction & Property, Oil, Gas, Forest Law Enforcement and Governance Program, Corrosion, Group 1, Friction, Collection, Growth, Light, Aviation, Valvoline, Safety-Kleen, 2022 Davis Cup World Group II, Chemical, Renewable energy, Synthetic oil

Growing emphasis on better fuel economy, engine oil durability, and pollution reduction is boosting demand for high-quality base oil, particularly Group II and Group III, in the re-refined base oil market.

Key Points: 
  • Growing emphasis on better fuel economy, engine oil durability, and pollution reduction is boosting demand for high-quality base oil, particularly Group II and Group III, in the re-refined base oil market.
  • Regarding revenue, Group II re-refined base oil led the market, followed by Group I & Group III re-refined base oil.
  • During the forecast period, Group II re-refined base oil is expected to dominate the re-refined base oil market and will witness higher growth.
  • Regarding revenue, the clay treatment led the global re-refined base oil market and is primarily used to produce Group I base oil.

Trucent Renewable Chemicals Appoints Dr. William Hayes as Vice President, Strengthening its Commitment to Oleochemical Sustainability and Innovation

Retrieved on: 
Monday, October 2, 2023
Chemicals, Plastics, Sustainability, Manufacturing, Technology, Environment, Forest Products, Agriculture, Natural Resources, Other Manufacturing, Other Technology, Machinery, Science, Other Science, Packaging, Research, Engineering, MI, Multimedia, Carbon, Thought, Chemical industry, TRC, Water, Dexter, Michigan, Renewable energy, Chemical

Trucent Renewable Chemicals (TRC) is pleased to announce Dr. William Hayes as its new Vice President, reinforcing the company's position as an innovative and sustainable leader in the oleochemical industry.

Key Points: 
  • Trucent Renewable Chemicals (TRC) is pleased to announce Dr. William Hayes as its new Vice President, reinforcing the company's position as an innovative and sustainable leader in the oleochemical industry.
  • View the full release here: https://www.businesswire.com/news/home/20231002281733/en/
    Trucent Renewable Chemicals (TRC) is pleased to announce Dr. William Hayes as its new Vice President.
  • Before joining Trucent, Dr. Hayes served as Vice President and General Manager at PMC Group, where he demonstrated exceptional leadership in transitioning the company's oleochemical business strategy.
  • His extensive 20+ years of experience and understanding of the industry align perfectly with our commitment to sustainability and innovation.

Semtech to Demonstrate 100G/Lane Linear Pluggable Optical Links at ECOC 2023

Retrieved on: 
Monday, October 2, 2023
Networks, Semiconductor, Internet, IOT (Internet of Things), Technology, Semtech, Exhibition, PMD, Anti-Müllerian hormone, DSP, Internet of things, SR8, TIA, Multimedia, LPO, PAM4, Corporation, European Conference on Information Retrieval, ECOC, VCSEL, Conference, ASIC, Chemical, Electric motor

Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced the demonstration of 100G/lane linear pluggable optical links featuring Semtech’s latest FiberEdge® 100G PAM4 PMDs.

Key Points: 
  • Semtech Corporation (Nasdaq: SMTC), a high-performance semiconductor, IoT systems and cloud connectivity service provider, today announced the demonstration of 100G/lane linear pluggable optical links featuring Semtech’s latest FiberEdge® 100G PAM4 PMDs.
  • This press release features multimedia.
  • “The Linear Drive architecture demands close handshaking between PMDs and switch ASIC to ensure the success of LPO.
  • This demonstration proves such interoperability for both multi-mode and single-mode datacenter applications.”
    Visit Semtech at booth #517 at the European Conference on Optical Communication (ECOC) 2023 exhibition in Glasgow, Scotland, from Oct 2 to 4.

Elessent Clean Technologies Increases Global MECS® Catalyst Prices

Retrieved on: 
Monday, October 2, 2023
Environment, Steel, Chemicals, Plastics, Oil, Gas, Sustainability, Manufacturing, Energy, Machine Tools, Metalworking & Metallurgy, Agriculture, Natural Resources, Clean technology, Life, SO3, Carbon, SO2, Chemical

Elessent Clean Technologies (Elessent) has announced a global price increase of $1.40/liter for its cesium-promoted MECS® sulfuric acid catalyst products and $0.40/liter for all other MECS® sulfuric acid catalyst products.

Key Points: 
  • Elessent Clean Technologies (Elessent) has announced a global price increase of $1.40/liter for its cesium-promoted MECS® sulfuric acid catalyst products and $0.40/liter for all other MECS® sulfuric acid catalyst products.
  • Licensed and marketed by Elessent Clean Technologies, the MECS® technology is the world leading sulfuric acid production technology with more than 1,000 sulfuric acid plant licenses and projects.
  • Elessent Clean Technologies is a global leader in process technologies to drive sustainability and carbon neutrality in the metal, fertilizer, chemical and oil refining industries with an unwavering commitment to customer support.
  • Elessent Clean Technologies, the Elessent Logo, and all trademarks and service marks denoted with ™, ℠ or ® are owned by affiliates of Elessent Clean Technologies Inc. unless otherwise noted.

Arclin Acquires Belle Chemical Company

Retrieved on: 
Wednesday, September 27, 2023
Electronics, Agriculture, Sale, Methylamine, Bolduc, Weather, Transport, Chemical, Fine chemical, Arclin

ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection and other industries, announced today that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV.

Key Points: 
  • ATLANTA, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Arclin, a chemistry-based manufacturer of polymer technologies and engineered products for numerous industrial applications including building products, agriculture, transportation infrastructure, weather & fire protection and other industries, announced today that it has completed the purchase of Belle Chemical Company, a leading producer of methylamines and derivatives located in Belle, WV.
  • “The addition of the Belle Chemical business, which is operated by a great team in West Virginia, is an exciting opportunity for Arclin,” said Bradley Bolduc, President & CEO of Arclin.
  • The addition of the Belle Chemical business will provide further diversification into water treatment, health care, pharmaceuticals, agriculture, oil & gas, and electronics, all areas we are excited about in the future.”
    “The sale of the Belle Chemical Company to Arclin was a logical next step for the business as Belle Chemical Company transitions to a growth company,” said Belle Chemical Company Plant Manager Alicha Hunt.
  • Transition efforts are well underway and Arclin anticipates a smooth transition for existing Belle Chemical Company customers.

Acrylic Polymers' Versatility Sparks Growth in Personal Care, Poised to Secure Second-Largest Share by 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, September 22, 2023
Chemicals, Plastics, Other Manufacturing, Manufacturing, Shift, Adhesive, Lead, Urbanization, Toxicity, Superabsorbent polymer, Paint, Polymer, Incontinence, The Classic Marvel Figurine Collection, Methyl group, SAP, USD, Government, Economic development, Growth, Weather, Region, Textile, Population growth, Thermoplastic, Chemical

A significant driver is the growing demand for acrylic acid across sectors such as paints and coatings, adhesives, textiles, and superabsorbent polymers for hygiene products.

Key Points: 
  • A significant driver is the growing demand for acrylic acid across sectors such as paints and coatings, adhesives, textiles, and superabsorbent polymers for hygiene products.
  • Acrylic Polymers Take Center Stage:
    Acrylic polymers are set to secure the second-highest market share in the acrylic acid market.
  • Rapid Growth in Personal Care:
    Within the acrylic acid polymers market, the Adult Incontinence & Other Personal Care Products segment is experiencing rapid growth.
  • Acrylic acid polymers, known for their superior absorbency and comfort, are ideal for applications in adult diapers, sanitary napkins, and other personal care products.

Global Chemicals Market 2023 to 2027, Fueled by Growing Demand Across Industries - ResearchAndMarkets.com

Retrieved on: 
Monday, September 11, 2023
Chemicals, Plastics, Manufacturing, Plastic, Electronics, Fertilizer, COVID-19, Oil, Research, Category, NAFTA, Automotive Industry Action Group, Customer, Construction, Automotive industry, Biophysical environment, Growth, Chemical

The global chemicals market is projected to reach a value of US$7.06 trillion by 2027, with a growth rate of 7.33% during the period from 2023 to 2027.

Key Points: 
  • The global chemicals market is projected to reach a value of US$7.06 trillion by 2027, with a growth rate of 7.33% during the period from 2023 to 2027.
  • Increasing Demand for Plastics: The demand for plastics in various industries is fueling the growth of the chemicals market.
  • The global chemicals market can be segmented based on category (commodity chemicals, specialty chemicals, agriculture chemicals, and other chemicals) and region (Asia, Europe, NAFTA, Latin America, and Rest of the World).
  • Key players in the global chemicals market include:
    The report provides a comprehensive analysis of the global chemicals market, including its potential impact from COVID-19.

The opportunity associated with the pharmaceutical polymers / medical polymers market is projected to grow at a CAGR of over 7% till 2035, claims Roots Analysis

Retrieved on: 
Tuesday, September 5, 2023
Agriculture, Excipient, Partnership, Polymer, Table, Electronics, Fatigue, Thermoplastic, Pharmaceutical industry, 3D printing, Chemical, Speciality chemicals

LONDON, Sept. 5, 2023 /PRNewswire/ -- Roots Analysis has announced the addition of "Pharmaceutical Polymers / Medical Polymers Market, 2023 – 2035"" report to its list of offerings.

Key Points: 
  • Further, various stakeholders have developed innovative pharmaceutical / medical polymers, such as biodegradable polymers, stimuli-responsive polymers, shape memory polymers and self-healing polymers.
  • It is worth highlighting that 60% of the players manufacture synthetic pharmaceutical polymers / medical polymers.
  • Which region captures the largest share of the pharmaceutical polymers / medical polymers market?
  • The financial opportunity within the pharmaceutical polymers / medical polymers market has been analyzed across the following segments: