CHEMICAL TECHNOLOGY

Addressing the Plastic Polution Crisis With Chemistry and AI

University at Buffalo | November 30, 2020

Plastic contamination is among the world's most squeezing ecological issues, undermining drinking water, untamed life, food supplies and then some.

To address this multifaceted issue, UB scientists are building up a novel arrangement of apparatuses that plan to diminish plastic waste and decline the creation of plastic.

This incorporates a mechanical framework that depends on AI and different advancements to independently improve its capacity to sort plastics, just as ecologically capable solvents and new chemistries that separate plastics to make them simpler to reuse.

"Not exclusively is this work fundamentally critical to our planet, it likewise adds to the nation's serious assembling capacities. It will help satisfy both buyer need for and corporate duties to joining reused plastics into business items," says Paschalis Alexandridis, UB Distinguished Professor in the Department of Chemical and Biological Engineering, who is driving the multidisciplinary exertion.

The venture is upheld by a four-year, $2 million award the U.S. Public Science Foundation (NSF) granted UB this fall.

It expects to improve the country's plastic reusing endeavors, which have been obfuscated since China reduced plastic waste bringing in 2017 with its "Public Sword" strategy. It likewise incorporates public effort techniques, for example, enrolling understudies underrepresented in STEM (science, innovation, designing and math) fields.

Spotlight

Tougher competition and margin pressures create more challenges for the pharma industry in 2016. As more physicians are graduating med school to work directly for a health system instead of opening their own practice, sales force is struggling to adapt to practice centralization

Spotlight

Tougher competition and margin pressures create more challenges for the pharma industry in 2016. As more physicians are graduating med school to work directly for a health system instead of opening their own practice, sales force is struggling to adapt to practice centralization

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PRODUCTS AND TECHNOLOGIES

Westlake to Acquire Hexion’s Global Epoxy Business

Westlake | November 25, 2021

Westlake Chemical Corporation, announced that it has entered into a definitive agreement with Hexion Inc. to acquire Hexion’s global epoxy business for approximately $1.2 billion. Based in Rotterdam, The Netherlands, Hexion’s epoxy business is an industry leader in the manufacture and development of specialty resins, coatings and composites for a variety of industries, including high-growth and sustainability-oriented end-uses such as wind turbine blades and light-weight automotive structural components. In the twelve months ended September 30, 2021, Hexion’s epoxy business had net sales of approximately $1.5 billion. With this transaction, which is anticipated to be completed in the first half of 2022 following customary closing conditions, Westlake will significantly expand its integrated business by adding a downstream portfolio of coatings and composite products to its leading chloro-vinyls businesses. “Light-weighting is a critical feature for the manufacture of structural components for automobiles and for renewable energy, particularly the composite blades used by wind turbines, and epoxies are key ingredients for these sustainable products. The industries served by Hexion Epoxy are very attractive to Westlake and the business is expected to be a synergistic addition to Westlake’s existing businesses. We look forward to welcoming the Hexion epoxy employees to the Westlake family and realizing the tremendous opportunities to grow the combined businesses.” Westlake President and Chief Executive Officer Albert Chao Hexion Epoxy is a global leading producer of epoxy resins, modifiers and curing agents for high-performance materials, coatings and composites. The fully-integrated business includes upstream base epoxy resins and intermediates delivered as liquid or solid epoxy resins, as well downstream specialty epoxy resins used in coatings and composites. Hexion Epoxy operates globally on three continents with eight manufacturing facilities and five research and development labs located in Asia, Europe and the United States, as well as tolling sites in Asia. About Westlake Westlake is a global manufacturer and supplier of materials and innovative products that enhance life every day. Headquartered in Houston, we provide the building blocks for vital solutions — from building products and infrastructure materials, to packaging and healthcare products, to automotive and consumer goods.

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CHEMICAL MANAGEMENT

Kraton Corporation Enters Into Definitive Agreement To Be Acquired By DL Chemical Co., Ltd.

Kraton Corporation & DL Chemical Co., Ltd. | September 27, 2021

Kraton Corporation , a leading global sustainable producer of specialty polymers and high-value bio-based products derived from pine wood pulping co-products, today announced that it has entered into a definitive merger agreement (the "Merger Agreement") pursuant to which DL Chemical Co., Ltd. ("DL Chemical"), a subsidiary of DL Holdings Co., Ltd. (formerly Daelim Industrial Co., Ltd.), will acquire 100% of Kraton in an all-cash transaction implying an enterprise value of approximately $2.5 billion. Under the terms of the Merger Agreement, Kraton stockholders will receive $46.50 in cash for each share of Kraton common stock they own. As part of the transaction DL Chemical has conveyed that they have fully committed financing. "Following an extensive review of a wide-range of strategic alternatives focused on maximizing value for the benefit of our stockholders, Kraton's Board has determined that the sale of Kraton to DL Chemical is in the best interest of Kraton stockholders. We believe the transaction provides immediate and certain value for Kraton stockholders, and represents an attractive premium of approximately 50% over Kraton's unaffected market valuation as of early July," said Kevin M. Fogarty, Kraton's President and Chief Executive Officer. "Moreover, we believe DL Chemical has the industry presence and resources to continue to support the growth of Kraton's business on a global scale". "Consistent with our longstanding goal of maximizing value for the benefit of our stockholders, over the years Kraton's Board and management team have actively evaluated a wide range of strategic alternatives. Today's announcement marks the culmination of the strategic review process for Kraton, resulting in a transaction that we believe provides significant value for Kraton stockholders. In addition, we believe the scale and strength of the combined company will also benefit our customers and our employees, as it will expand Kraton's global reach while creating a robust platform to further support investment in the existing innovation pipeline and provide for further expansion of sustainable offerings," -Dan F. Smith, Chairman of Kraton's Board of Directors. "DL Chemical has been conducting the petrochemical business responsibly within the DL Group for 46 years. After acquiring Kraton's Cariflex business last year, we have successfully integrated that business within the DL Group," said Sang Woo Kim, Vice Chairman and Chief Executive Officer of DL Chemical. "We also have been highly interested in Kraton's specialty polymer and bio-based chemical business, and this combination will allow us to provide our customers with a wider range of innovative products, while adding the ability to serve a diverse range of end markets in over 70 countries worldwide." The Merger Agreement was unanimously approved by Kraton's Board of Directors, which has recommended that Kraton stockholders vote in favor of the transaction. The acquisition is subject to certain customary closing conditions, including the receipt of stockholder and regulatory approvals, and is expected to close by the end of the first half of 2022. J.P. Morgan Securities LLC is acting as exclusive financial advisor, and King & Spalding LLP is acting as legal counsel to Kraton in connection with the transaction. Goldman Sachs is acting as financial advisor, and O'Melveny & Myers LLP is acting as legal counsel to DL Chemical in connection with the transaction. ABOUT KRATON Kraton Corporation (NYSE "KRA") is a leading global producer of specialty polymers and high-value performance products derived from renewable resources. Kraton's polymers are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing products. As the largest global provider in the pine chemicals industry, the company's pine-based specialty products are sold into adhesive, road and construction and tire markets, and it produces and sells a broad range of performance chemicals into markets that include fuel additives, oilfield chemicals, coatings, metalworking fluids and lubricants, inks and mining. Kraton offers its products to a diverse customer base in over 70 countries worldwide. Kraton, the Kraton logo and design are all trademarks of Kraton or its subsidiaries or affiliates. ABOUT DL CHEMICAL DL Chemical is a leading petrochemical company with more than 46 years of operational experience and unique technological know-how. Based in Korea, the company was the first petrochemical firm in the country to commercialize metallocene polyethylene and polybutene, as well as the first to export polybutene technology to the United States. DL Chemical is the world's largest producer of polybutene with a production capacity of 200 KTA year. DL Chemical has commercialized BOCD (Broad Orthogonal Co-Monomer Distribution) polyethylene and EPO (Ethylene-Propylene Oligomer) for only the second time worldwide. In March 2020, DL Chemical (as a part of Daelim Industrial Co., Ltd. prior to the split-off of DL Chemical) acquired Kraton's CariflexTM business for $530 million in cash.

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CHEMICAL TECHNOLOGY

Louisiana-based H2O, LLC Acquires BOSS Separators Assets from Recovery Energy, Inc.

H2O LLC | August 16, 2021

H2O LLC an innovative provider of top-tier potable water, electrochlorination, and sewage treatment systems for marine vessels and offshore oil and gas platforms — today announced that it has acquired the assets of BOSS Separators, oily water separators designed for the marine industry, from Recovery Energy, Inc. The BOSS Separators brand will remain intact and become a product of H2O LLC. The acquisition provides customers from both companies with better solutions and more options. H2O opens new markets for BOSS Separators, which now has access to a larger customer base and greater service capabilities. At the same time, H2O is able to bundle and offer more water treatment solutions to existing clients. H2O also enhances the BOSS Separators product from an engineering standpoint, enabling customization for more complex projects with comprehensive specifications. "We are extremely excited to welcome BOSS Separators to our family," said H2O CEO Jess Fike. "We have complementary products that enable us to continue to deliver on our commitment to protecting lives and the environment, while becoming the go-to supplier in the market, especially for custom needs. Customers from both companies can rest assured that they will receive the same support and great products that they've come to expect for years." H2O has helped some of the world's biggest offshore oil and gas companies find environmentally sustainable ways to dispose of waste while at sea. H2O's wastewater systems offer an easy-to-maintain, effective solution that now incorporates BOSS Separators to solve contaminated water streams problems with an emphasis on re-using that water whenever possible. The result is saving money for the customer while saving the environment. "It's an exciting time for BOSS Separators," said Recovery Energy General Manager Matt Adams, who will remain head of the BOSS Separators product line. "For more than 15 years, BOSS Separators has been known for its high quality products, affordable prices, great customer service and technical support. Under the direction of H2O, the BOSS line of separators will continue this excellence as well as enhance and further develop products by leveraging added capabilities and engineering expertise. The BOSS brand of separators will continue to exhibit quality and excellence for many years to come, and I am thrilled to be part of it." ABOUT H2O LLC H2O was founded in 1980 with the mission to provide high quality water treatment solutions to offshore oil, gas and marine markets. Since then, the company has designed and built hundreds of potable water, sewage treatment and electrochlorination systems for clients around the world. H2O water treatment systems are easy to use, customized to client's specifications, and meet all government regulations without sacrificing quality.

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