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Chemical Management
businesswire | August 29, 2023
Bakelite Synthetics announced today that it has entered into a definitive agreement to purchase and acquire LRBG Chemicals, Inc., a Canadian resin manufacturer and developer, with facilities in Longueuil (Montreal) Quebec. With the completion of this acquisition, Bakelite Synthetics adds to its strong portfolio of products and customers, as well as builds on its growth strategy of sustainably delivering innovative solutions to customers. LRBG Chemicals manufactures high-quality ...
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...
U.S. Chemical | December 07, 2020
The U.S. Substance Production Regional Index (U.S. CPRI) rose 0.9 percent in October following a 0.8 percent pick up in September and a 1.0 percent expansion in August, as indicated by the American Chemistry Council (ACC). During October, substance yield extended in all districts, with the biggest additions happening in the Northeast area. The U.S. CPRI is estimated on a three-month moving normal (3MMA) premise. In October, substance creation kept on improving in numerous sections...
ExxonMobil | January 28, 2020
At Exxon Mobil Corp (XOM.N), CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining. Another year of poor profit could require Exxon to re-evaluate its bold spending plans or weaken its ability to weather the next oil-price downturn, say oil analysts. Exxon already must borrow or sell assets to help cover shareholder dividends. The world’s biggest publicly traded oil firm after...
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