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 accumulate Agiplast, a company specialized in the regeneration of high-performance polymers, and its historical partner in recycling operations. the company, with annual sales of around €15 million, operates a plant in Italy and has 32 employees. Agiplast’s strong know-how in mechanical recycling technologies will enable Arkema to supply top-quality recycled polymers to its customers.
In October 2019, Arkema, the world leader in bio-based high-performance polymers, had already launched Virtucycle®, an ambitious program with Agiplast aimed toward developing loops for the gathering and regeneration of high-performance polymers while minimizing CO2 emissions.
With this acquisition, Arkema is going to be the primary fully integrated high-performance polymer manufacturer offering both bio-based and recycled materials to deal with the challenges of resource scarcity and end-of-life products. This bolt-on acquisition is thus in line with Arkema’s CSR and sustainable growth strategy, and especially the transition to a circular economy.
The deal is expected to close in June 2021.
Building on its unique set of experience in materials science, Arkema offers a portfolio of first-class technologies to address the ever-growing demand for new and sustainable materials. With the ambition to become 2024 a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient, and highly innovative segments dedicated to Specialty Materials -Adhesive solutions, Advanced Materials, and Coating Solutions- accounting for a few 82% of Group sales, and a well-positioned and competitive Intermediates segments. Arkema offers cutting-edge technological solutions to satisfy the challenges of, among other things, new energies, access to water, recycling, urbanization, and mobility and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around €8 billion in 2020 and operates in some 55 countries with 20,600 employees worldwide
Lummus Technology, LLC | January 15, 2022
Lummus Technology announced it has been awarded a contract from LUKOIL Permnefteorgsintez for a new integrated methyl tertiary butyl ether and alkylation plant at LUKOIL's refinery in Perm, Russia. The MTBE unit will use Lummus' CDEtherol® technology and the alkylation unit will use Lummus' innovative CDAlky® technology. Lummus' scope includes technology licensing, basic engineering, technical services and proprietary equipment supply.
"We are grateful to LUKOIL and to be able to support them for many years and in various locations. This extension of our relationship underscores LUKOIL's continued confidence in our comprehensive technology solutions to assist them in producing cleaner, more efficient fuels. The CDEtherol and CDAlky combination will provide world-class performance, flexibility and lower process emissions. These were important factors in LUKOIL's technology evaluation, and more importantly, they will be critical throughout the refinery's life cycle."
Leon de Bruyn, President and Chief Executive Officer of Lummus Technology
Lummus' CDEtherol and CDAlky technologies provide significant benefits to operators, including superior product quality, reduced utility and energy consumption, reduced maintenance requirements and the flexibility to produce bio-fuels in the future.
In 2021, LUKOIL selected Lummus' Novolen polypropylene technology for two new petrochemical facilities in Burgas, Bulgaria, and Kstovo, Russia.
About Lummus Technology
Lummus Technology is the global leader in developing process technologies that make modern life possible and focus on a more sustainable, low carbon future. Lummus is a master licensor of clean energy, petrochemical, refining, gas processing and renewable technologies, and a supplier of catalysts, proprietary equipment, digitalization and related lifecycle services to customers worldwide.
Chevron Phillips Chemical | May 06, 2021
Chevron Phillips Chemical declared today intends to expand its alpha olefins business with a subsequent world-scale unit to create deliberately 1-hexene. Expected limit with regards to the new unit is 266 KTA with targeted startup in 2023 and its area will be Old Ocean, Texas, close to the organization's Sweeny office. At its pinnacle, the task expects supporting in excess of 600 development occupations and 50 or more full-time positions.
1-hexene is a basic segment in the creation of superior polyethylene (PE). This plastic gum is regularly utilized in the creation of film and unbending compartments for an assortment of ordinary items, including bundling for food, detergent and pharmaceuticals, among numerous others.
“As global PE demand continues to grow, this project demonstrates Chevron Phillips Chemical’s commitment to expand with customer needs and remain a leading 1-hexene supplier,” said Mitch Eichelberger, executive vice president of polymers and specialties. “Our company is grateful for the support of our customers, elected officials, as well as local businesses and residents. Old Ocean is already home to several great assets, and we look forward to becoming an even more important economic engine for the local economy, while expanding our business to meet global demand from current and future customers.”
Chevron Phillips Chemical's new 1-hexene unit will utilize the most recent advancement of the organization's restrictive, intentionally innovation to deliver exceptional purity comonomer grade 1 hexene from ethylene. The new resource will saddle the most recent advances in measure configuration to amplify creation, streamline asset the board and decrease discharges. Asset productivity and diminished discharges are both fundamental to the organization's manageability technique, as laid out in definite yearly reports accessible on www.cpchem.com.
Chevron Phillips Chemical at present works two full reach alpha olefin units and the world's biggest intentionally 1-hexene unit at its Cedar Bayou plant in Baytown, Texas. The new unit's area will give extra adaptability and creation to satisfy expected need from the organization's developing client base, while setting up space for proceeded with future development.
About Chevron Phillips Chemical
Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $17 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas.