Chimie Perspectives

Chemical Management

PTTGC International | July 16, 2021

PTTGC International (Netherlands) B.V., a fully owned subsidiary of PTT Global Chemical Public Company Limited, has signed a deal to purchase industrial coating resins producer Allnex Holding GmbH from Allnex Holdings S.à.r.l and Allnex S.à.r.l, funds advised by Advent International. The purchase allows G.C. Group to expand its business portfolio into specialty chemicals and enhance its leadership position in the chemicals industry by integrating environmentally frie...

Chemical Technology

SASOL | November 17, 2020

Sasol Ltd. (Johannesburg, South Africa) announced that its low-density polyethlyene (LDPE) unit reached beneficial operation on 15 November 2020. The LDPE unit is the seventh and final Lake Charles Chemicals Project (LCCP) unit to come online. The LCCP is now 100 percent complete with total capital expenditure forecast to be within the previously communicated guidance of $12.8 billion. “This milestone safely brings our Lake Charles Chemicals Project to a close and sets the s...

JNS | January 23, 2020

The United States on Thursday sanctioned several companies and senior executives allegedly part of the international network supporting Iran’s petrochemical and petroleum industries. The four international petrochemical and petroleum companies have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company, an entity instrumental in Iran’s petroleum and petrochemical industries, which helps to finance Iran&...

Chemical Management

Chevron Phillips Chemical | June 08, 2022

Chevron Phillips Chemical announced today plans to expand its polyalphaolefins business with the construction of a new unit in Beringen, Belgium. Once local permits are approved, this significant investment will double the company’s PAO production capacity in Belgium upon targeted startup in 2024. For over 40 years, CPChem has been a leader in the development of high-quality PAOs, which are marketed under the Synfluid® brand. PAOs are specially designed chemicals made fr...