HyCC

Chemical Technology

Clariant, SK Capital, Heubach Group | June 15, 2021

Clariant, a focused, sustainable, and innovative specialty chemical company, announced today that it had reached definitive agreements for the sale of its Pigments business to a consortium led by Heubach Group and SK Capital Partners for an Enterprise Value (EV) ranging from CHF 805 million to CHF 855 million on a cash and debt-free basis, subject to a CHF 50 million earn-out payment contingent on the This is a multiple of 10.7 to 11.4 times the standalone adjusted 12-month EBITDA as of April 20...

Braskem | August 18, 2020

Nippon Export and Investment Insurance (Nexi) has backed the build of a new polypropylene plant in Texas, after agreeing to provide insurance for a loan to Brazilian petrochemical firm Braskem. As part of the agreement, which comes with a tenor of 10.5 years, the Japanese credit insurance agency is insuring a US$225mn loan facility from ING Bank and BNP Paribas to Braskem. Nexi will cover 100% of political risks and 90% of commercial risks. The largest petrochemical firm in the Americas will use...

Chemical Technology

Novoloop | September 23, 2022

Novoloop, an emerging leader in plastic circularity, announced its partnership with the Swiss sports brand On last night at an Elemental Excelerator event, as part of Climate Week in New York City. Novoloop’s thermoplastic polyurethane (TPU) – the world’s first chemically upcycled TPU – is featured as the outsole for On’s newest carbon capture consortium shoe, Cloudprime. The achievement is the result of a two year-long joint development, in which bot...

Chemical Technology, Science and Research

NuScale Power | March 10, 2023

On March 9, 2023, NuScale Power Corporation, one of the top providers of the advanced nuclear small modular reactor (SMR) technology, announced that it has placed the first order with Doosan Enerbility for the first upper reactor pressure vessel (RPV) long lead material (LLM) production. Doosan is a world-class engineering and manufacturing company. The materials ordered are crucial for producing the first NuScale Power Modules, anticipated to be operational at the Carbon Free P...