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C&EN | March 30, 2020
The US chemical industry is endorsing the Environmental Protection Agency’s sweeping new policy to go easy on companies for all but criminal violations because of the COVID-19 pandemic caused by the virus SARS-CoV-2. But environmentalists and others criticize the new EPA policy as too expansive. They say it endangers the safety of workers, the public, and chemical plants. The EPA’s temporary enforcement policy, unveiled March 26, is broad yet does not treat all violations the same. F...
Agilyx Patent | September 14, 2021
Agilyx Corporation , a wholly owned subsidiary of Agilyx AS (Euronext Growth (Oslo): and a pioneer in the chemical recycling of post-use plastics has been granted a patent continuation for its process of breaking down waste polystyrene into its chemical building block, styrene monomer. The continuation of US patent number 11,041,123 further confirms Agilyx's depolymerization technology extends to the breaking down of all waste plastic polymers into their respective discrete monomers an...
TPC Group | March 17, 2022
TPC Group announced that it got an extension to the Forbearance agreement until April 18 by Ad Hoc Group. Initially, the agreement was effective till March 18. The extended period of the agreement will allow economic stakeholders, representing 90% and 80% of its two series of senior secured notes, respectively, to aim towards strengthening its capital structure. In addition, in the extended period, the stakeholders will also discuss the company’s positioning to be more competitive in the f...
NOVA Chemicals | October 21, 2020
NOVA Chemicals Corp. announced that it has agreed to sell its expandable styrenics business to a subsidiary of Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico). The parties expect to close the transaction in the fourth quarter. The sale of its expandable styrenics business is an important step in NOVA Chemicals’ plan to focus on its olefin and polyethylene business, which includes additional investments to advance a global circular economy for plastic. “This transaction provides...
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