BYK Additives & Instruments

Chemical Management

ExxonMobil | February 25, 2022

ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend™ technology for advanced recycling of plastic waste. The purchaser is Berry Global, a leading provider of innovative packaging and engineered products, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach. “We are scaling up our advanced recycling capabilities around the...

Chemical Management, Products and Technologies

ExxonMobil | December 09, 2022

ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion. This disciplined approach prioritizes high-return, low-cost-of-supply assets in the Upstream and Product Soluti...

Chemical Technology

PTT | July 13, 2021

Thailand's PTT Global Chemical PCL will pay 4 billion euros (US$4.75 billion) to buy Allnex Holding GmbH, a European specialty chemicals producer, to expand its presence in high-value chemicals products. PTT Global stated in an exchange statement yesterday that it will buy all of Allnex Holding's common shares for 132.6 billion baht (US$4.1 billion) and assume 426 million euros in debts.According to the company, the acquisition would be financed with its cash and help from...

Chemical Management

LanzaTech Inc. | May 27, 2022

A consortium, including LanzaTech and Danone, led to the discovery of a new route to monoethylene glycol, which is a key building block for polyethylene terephthalate, resin, fibers and bottles. The technology converts carbon emissions from steel mills or gasified waste biomass directly into MEG. The carbon capture technology uses a proprietary engineered bacterium to convert carbon emissions directly into MEG through fermentation, bypassing the need for an ethanol intermediate, and simpli...