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True Value Company | March 15, 2022
True Value Company, one of the world's largest hardlines wholesalers, and The Yenkin-Majestic Paint Corporation, an Ohio-based manufacturer of coatings and coatings resins, announced they have entered into a definitive agreement under which True Value Company will acquire Yenkin-Majestic's consumer paint business, producing architectural coatings for home, agricultural, and specialty applications under the Majic brand name.
"The acquisition o...
CJ BIO | December 08, 2022
CJ Biomaterials, a division of South Korea-based CJ CheilJedang and leading producer of polyhydroxyalkanoate announced that it has partnered with the South Korea Ministry of Science and ICT and the Korea Innovation Foundation to actively promote the eco-friendly materials industry, including PHA technology. CJ Biomaterials' PHA product, known as PHACT™, is a 100% bio-based polyester produced by fermentation. It is an eco-friendly material that will help address the challenge of plastic...
ExxonMobil | February 25, 2022
ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend™ technology for advanced recycling of plastic waste. The purchaser is Berry Global, a leading provider of innovative packaging and engineered products, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach.
“We are scaling up our advanced recycling capabilities around the...
Bicmagazine | June 01, 2020
The running rates reduction comes amid a sharp decline in resin prices like polyethylene (PE). Experts believe the ongoing weakness may linger for an undetermined period, as reported by Petrochemical Update. Petrochemical plants in the Americas are running at reduced rates, or in some cases idled, to try to balance out the erosion of downstream resin consumption caused by the Covid-19 pandemic. Domestic prices for resins have declined and export markets for North American resin have contracted. ...
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