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CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES

ExxonMobil | December 15, 2022

ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America. The facility at the company’s integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products. It is capable of processing more than 80 million pounds of plastic waste per year, supporting a circular economy for post-use plastics and helping divert plastic waste curre...

CHEMICAL TECHNOLOGY

Albemarle Corporation | September 06, 2022

Albemarle Corporation a leader in the global specialty chemicals industry announced that it will realign its Bromine and Lithium global business units (GBU) into a new corporate structure designed to better meet customer needs and foster talent required to deliver in a competitive global environment. The move follows the recent announcement of the company's decision to reorganize Catalyst under a to-be-named, wholly owned subsidiary. Albemarle's two core global business un...

WVMetroNews | February 29, 2020

A Senate committee approved two bills representing tax credits aimed at West Virginia’s petrochemical industry. HB 4421, called the Natural Gas Liquids Economic Development Act, would provide a credit to businesses that store or transfer natural gas. The goal of the bill is to attract an ethane cracker plant or storage hub. HB 4019, called the Downstream Natural Gas Manufacturing Investment Tax Credit Act of 2020, would allow eligible taxpayers to take a credit against the portion of state...

CHEMICAL MANAGEMENT

Afton Chemical | July 21, 2022

Afton Chemical Corporation, a global leader in petroleum additives, announced the recent completion of a $70 MM USD investment in its Sauget, IL Plant’s Automatic Transmission Fluid additive production facility. The investment will help support the growing needs of oil marketers and Original Equipment Manufacturers for next-generation developments in electric vehicle fluids, including hybrid and battery electric vehicles. The improvements will also provide additional capabil...