Scib Paints

Chemical Technology

Albemarle | June 03, 2021

Albemarle Corporation, a global specialty chemicals industry leader, announced that it had completed the sale of its Fine Chemistry Services business to W. R. Grace & Co. for approximately $570 million, consisting of $300 million in cash. The issuance to Albemarle of preferred equity of a W. R. Grace & Co. subsidiary having an aggregate stated value of $270 million. The sale includes Albemarle's operations in Tyrone, Pennsylvania, and South Haven, Michigan. "The s...

Chemical Technology

ARKEMA | May 25, 2021

With the planned acquisition of Agiplast, a leader in the regeneration of high-performance polymers, especially specialty polyamides, and fluoropolymers, Arkema is going to be ready to offer a full service to customers in terms of materials circularity, addressing growing market expectations during this field. This project, which contributes to the sustainable development of the polymer industry, is perfectly in line with Arkema’s sustainable growth strategy. Arkema plans to...

Chemical Management

Hahn & Co. | June 09, 2022

South Korean private equity firm Hahn & Co. has announced that it has signed definitive agreements to acquire 100% of the polyester film business from South Korea's SK Group for KRW1.6 trillion. SK's PET film business is the largest in Korea and the fourth largest globally, with revenues of KRW1.13 trillion in 2021. The transaction represents one of the largest acquisitions in Korea and Asia to date this year. This transaction furthers Hahn & Co.'s focus on pri...

Wastedive | August 03, 2020

A new report from the Global Alliance for Incinerator Alternatives (GAIA) pushes back on growing discussions around "chemical recycling" or processing strategies supported by the plastics industry. Entitled "All Talk and No Recycling: An Investigation of the U.S. 'Chemical Recycling' Industry," the report states the U.S. chemical recycling sector largely consists of plastic-to-fuel (PTF) operations rather than plastic-to-plastic (PTP) efforts. Some recycling stakehold...