SOLVOCHEM GROUP

Chemical Management, Products and Technologies

businesswire | March 24, 2023

Under its sustainability program ‘reduce’, the global chemical company OQ Chemicals has reduced its carbon dioxide (CO2) emissions by 10% at its Bay City, Texas production site in 2022, compared to the previous year's averages. To achieve this, the company carried out a dedicated boiler and flare improvement project to optimize the flow of vent gases from chemical production units and to further improve the combustion process. Project progress was tracked for 2022, and demo...

NOVA Chemicals | October 21, 2020

NOVA Chemicals Corp. announced that it has agreed to sell its expandable styrenics business to a subsidiary of Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico). The parties expect to close the transaction in the fourth quarter. The sale of its expandable styrenics business is an important step in NOVA Chemicals’ plan to focus on its olefin and polyethylene business, which includes additional investments to advance a global circular economy for plastic. “This transaction provides...

Novinite | January 23, 2020

Production of industrial chemicals in the European Union (EU) increased in 2018 compared with the previous 3 years, but it is still at lower levels than in 2004, Eurostat data showed. The total production of industrial chemicals peaked at 330 million tonnes in 2007 (a 6.1 % increase since 2004), prior to the financial and economic crisis. Production then fell sharply between 2007 and 2009, reaching a low of 270 million tonnes (a total decline of about 18 %), before rebounding to 300 million tonn...

Market Outlook

Advanced | December 30, 2020

Saudi-based Advanced Petrochemical Company, a vital maker of polypropylene items, said its auxiliary, Advanced Global Investment Company (AGIC), has closed down take arrangements for the offer of polypropylene with two US-based gatherings - Vinmar International and Tricon Dry Chemicals - and Mitsubishi Corporation of Japan, said Chemweek. According to the drawn out arrangement, AGIC will supply 250,000 metric tons for every annum of polypropylene each to Vinmar and Tricon Dry Chem...