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Biomarket insights | August 24, 2020
Plastic polymers comprise about 40% of the output of the global chemical recycling sector1. As we use and make plastic today, for each kilogram that is not reused or recycled, another kilogram is produced from non-renewable, fossil-based raw materials. Recycling of plastics waste into new plastics is an approach to increase the circularity of supply chains. According to the ‘Accelerating circular supply chains for plastics’ report by Closed Loop Partners, the demand for recycled plas...
Kopahawakenum | April 04, 2022
The Kopahawakenum 15-Megawatt Flare Gas to Power Facility announced by SaskPower, Flying Dust First Nation, and Genalta Power, online 2023, plans to purchase Flare Gas from Proton Canada’s nearby asset, according to a letter of intent recently signed between the CEO of Genalta, Paul Miller, and the CEO of Proton, Grant Strem.
To ensure sufficient supply for the Kopahawakenum Facility, plus Proton’s own 4.2 MW Power Purchase Agreement and other off-takers, the plan is t...
Sinopec | November 24, 2021
China Petroleum & Chemical Corporation has successfully tested its key project, "Technological Development and Industrial Application of Light Crude Oil Cracking into Ethylene," this month at Sinopec Tianjin.
The technology converts crude oil directly into ethylene, propylene and other chemical products and realizes the first industrial application of crude oil steam-cracking technology in China. The milestone is of great significance to the transformation and upgrad...
IFF | August 27, 2021
IFF today announced it has entered into an agreement to sell its Microbial Control business unit to LANXESS, a leading specialty chemicals company that develops, manufactures and markets chemical intermediates, additives, specialty chemicals and plastics. The transaction is valued at $1.3 billion and the cash proceeds net of taxes and expenses will be primarily used to reduce outstanding debt.
“Today’s announcement is part of a strategic portfolio review and is g...
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