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Plastic Energy Ltd | October 26, 2021
Plastic Energy Ltd. Freepoint Eco-Systems LLC and TotalEnergies have announced a strategic partnership in the U.S. Under this agreement, Plastic Energy and Freepoint Eco-Systems plan to build an advanced recycling plant in Texas, which will transform end-of-life plastic waste into a recycled feedstock called TACOIL using Plastic Energy’s patented technology. TotalEnergies will convert this raw material into virgin-quality polymers, which can be used for food-grade packaging.
Prnewswire | October 06, 2020
The U.S. oil, natural gas and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the industry's history. Heightening employment cyclicality and layoffs are challenging the industry's reputation as a reliable, long-term employer. The sensitivity of U.S. OG&C employment to oil prices is extremely high, with a dollar change in oil price potentially affecting 3,000 upstream and oilfield services jobs. In a business-as-usual scenar...
Mlive | April 29, 2020
A global chemical manufacturer is temporarily shifting to hand sanitizer production as shortages continue due to high demand brought on by the COVID-19 coronavirus pandemic. New Jersey-based Fortune 100 company Honeywell will shift production at two of its plants, one in Muskegon and one in Seelze, Germany, according to a news release. The hand sanitizer produced in Muskegon will be donated to the Federal Emergency Management Agency for distribution where it’s needed most.
DBusiness | March 06, 2020
Houston’s Junction Capital Partners, a private equity firm, has acquired Wilkinson Chemical in Mayville, east of Frankenmuth. Wilkinson produces and sells calcium chloride solution, which is used for dust and ice control. The company will now operate under the name Wilkinson Solutions. Financial details of deal were not disclosed. “We’ve studied the market for an extended period and believe the acquisition of a long-standing player like Wilkinson provides a strategic foundation...
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