MOSCOW ( MRC) - Evonik Catalysts is fully on track to expand its production capacities for activated nickel powder catalysts marketed under the KALCAT and Metalyst brands at its production sites in Hanau, Germany, and Dombivli near Mumbai, India, said Hydrocarbonprocessing. The company said it was analyzing the potential to retrofit the Houston refinery to build up its Circular and Low Carbon Solutions (CLCS) business.
Gulf Coast-based ethylene oxide & derivatives (EO&D) business.
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We remind, LyondellBasell NV said it was exploring strategic options for its U.S. The companies aim to close the loop on plastics that are currently sent for incineration and would avoid fossil emissions associated with combusting these materials, the statement said.
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The companies would invest in advanced sorting facilities to refine the plastic that has been removed, the Houston-based multinational chemical group added.īig oil and chemical companies are hailing so-called advanced recycling as the solution to a waste crisis that has lawmakers looking to crack down on plastics use. The proposed collaboration could construct waste pre-sorting facilities at or near EEW incineration plants in Germany to remove plastics from waste streams that are sent for incineration, LyondellBasell said in a statement. MOSCOW ( MRC) - Chemicals maker LyondellBasell Industries (LYB.N) and thermal waste treatment firm EEW Energy signed a letter of intent exploring partnership aimed at recycling plastics from incineration waste streams, the companies said. It has about 3,000 employees in 25 facilities globally. Archroma was set up by SK Capital Partners in 2013 after acquiring the textile chemicals, paper specialties and emulsions businesses from Swiss producer Clariant in 2013. We remind, Huntsman completed the USD593m sale of its Textile Effects division to Archroma, a company owned by the private-equity firm SK Capital Partners. Huntsman's next priority for spending is organic growth after dividends, share buybacks and M&A, Huntsman said. Polyurethanes make up the company's largest segment in terms of sales and earnings. While Huntsman is interested in making acquisitions in those two segments it is not ruling downstream polyurethane deals. Performance Products makes amines and maleic anhydride (MA). "I'd like to see products that are going to be less volatile in their earnings and technologies that will complement what we are doing right now in light-weighting, adhesion and renewable chemistries." Advanced Materials produces epoxy resins and other thermoset resins. The company is particularly interested in acquiring businesses that would fit in its Advanced Materials and Performance Products segments, he said. Huntsman stressed that the company will remain disciplined about acquisitions, even though it has not made any recent ones. He made his comments in an interview with ICIS on the sidelines of the International Petrochemical Conference (IPC), held by the American Fuel & Petrochemical Manufacturers (AFPM).įollowing the dividend and share buybacks, Huntsman's next priority is maintaining money for potential mergers and acquisitions (M&A). The company wants to rank among the upper quartile among chemical companies in regards to returning cash to shareholders, said Peter Huntsman, CEO. More recently, Huntsman completed the USD593m sale of its Textile Effects business to Achroma, a company owned by the private-equity firm SK Capital Partners. MOSCOW ( MRC) - Huntsman is placing a priority on dividends and share buybacks for uses of cash, but it is not ruling out acquisitions if the businesses meet the company's criteria, the CEO US-based polyurethanes and materials producer said.Īlready, Huntsman's board approved a 12% increase to its quarterly dividend.
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