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Hydrocarbon Engineering | March 06, 2020
China is a large market with growing demand for high quality polyolefin products, said Bob Patel, CEO of LyondellBasell. “The combination of LyondellBasell's leading technology and Bora's operational excellence will allow us to reliably produce and provide these needed products to local customers.” Under the agreements, the partners will form a Sino-foreign joint venture, the Bora LyondellBasell Petrochemical Co. Ltd, that will operate a 1.1 million tpy ethylene cracker and a...
S&P Global | April 07, 2020
Following are key facts about the unprecedented challenges and uncertainty faced by the European petrochemical industry due to the coronavirus pandemic and government restrictions on movement in an attempt to limit its spread. As supply-chain concerns in Europe continue to rise, market players will be faced with the prospect of cutting rates regardless of margins. Talks of end product production closures are expected to feedback into feedstock petrochemicals in the coming months. "Europe cu...
BASF, Evonik | July 27, 2020
Chemical firms’ search for growth is taking them to China to invest in young companies with new technology. BASF and Evonik Industries are backing SmartAHC, an animal health monitoring start-up based in Chengdu and Shanghai. SmartAHC is targeting pig farms for its networked monitoring devices and software that use artificial intelligence to identify individual pigs, track their location, and measure their temperature and fertility. It can help farmers detect and isolate sick animals to pre...
Sun Chemical | July 12, 2021
Sun Chemical, headquartered in the United States, and its parent company, DIC Corporation, a leading fine chemical manufacturer, have acquired BASF's worldwide pigments business, BASF Colors & Effects (BCE). The acquisition combines a complementary portfolio of technology, products, manufacturing assets, supply chain, and customer service to offer clients worldwide.
According to a press release, the acquisition will expand Sun Chemical's portfolio as a worldwide produc...
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