Agilyx and Maire Tecnimont Collaborate on Global Chemical Recycling Projects

Agilyx, Maire Tecnimont | March 16, 2021

Agilyx Corporation, a pioneer in the high level recycling of post-use plastics and Italy's NextChem, auxiliary of Maire Tecnimont Group, have gone into a consent to help the improvement of cutting edge chemical recycling offices all around the world. This arrangement consolidates Agilyx' s driving pyrolysis innovation with NextChem's aptitude, as an innovator in licensing, implementation, and engineering, procurement, and construction (EPC) services for plastics recycling solutions.

Under the agreement, NextChem will go about as an innovation and EPC accomplice for Agilyx. The point of this organization is to speed up the implementation of chemical recycling offices worldwide, using Agilyx progressed pyrolysis innovation in the transformation of blended waste plastic into round olefins and roundabout fills. With a longstanding mastery in the high level recycling of plastics, Agilyx's exclusive chemical recycling cycle can transform post-use plastics back into their unique chemical segments for proceeded with use, expanding the recuperation of plastics that can't be reused with conventional recycling measures.

The extent of the organization, in its first stage, is to build up a progression of chemical recycling projects for outsiders. The underlying spotlight will be on two previously distinguished activities, one in Europe and one in South America. Besides, the arrangement would address a chance for co-interests in explicit tasks to speed up the general commercial pipeline.

Said Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem. “We are proud to include this new partnership with Agilyx into our portfolio and further develop our basket of technological solutions for the circular economy, that already include upcycling, waste-to-chemicals, waste-to-fuels, polymerization and now also thermochemical conversion (pyrolysis). We are strongly committed to finding solutions for plastics sustainability along its life-cycle and to enabling a new circular, low carbon economy.”

Spotlight

With tightening regulations, and changing applications in the use of Ethylene Oxide (EO or EtO), there is more and more research and development in newer ways of handling varying scenarios and needs. CR Clean Air Group (CR CAG) has been helping customers involved in EO (medical sterilization, chemical processing, etc) for more than 40 years and has accumulated a deep and comprehensive knowledge of how to handle these different and growing needs.

Spotlight

With tightening regulations, and changing applications in the use of Ethylene Oxide (EO or EtO), there is more and more research and development in newer ways of handling varying scenarios and needs. CR Clean Air Group (CR CAG) has been helping customers involved in EO (medical sterilization, chemical processing, etc) for more than 40 years and has accumulated a deep and comprehensive knowledge of how to handle these different and growing needs.

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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

Akrochem Acquires Bech Chem, Expands Into the Paint and Coatings Industry

Akrochem | July 20, 2021

AKRON, Ohio, Akrochem, a leading provider of rubber chemicals and compounding materials, today announced the acquisition of Bech Chem, LLC, a company with more than 25 years of experience in the worldwide chemical supply chain. The transaction is effective immediately, and Akrochem will continue to operate under its current name. The purchase of Bech Chem, based in Houston, Texas, enables Akrochem to expand into new industries, as well as provide more extensive support services for Bech Chem customers. The acquisition of Bech Chem allows us to bring our over 90 years of experience in chemical distribution to new markets, specifically paints, coatings, and lubricants," said Akrochem President and CEO Jay Silver. "With our experienced, 15-person technical sales staff and over 120 personnel in support roles, we will improve our value to Bech Chem customers while positioning Akrochem for future growth." Bech Chem served a number of markets, including paint and coatings, grease and lubricants, plastics, and chemical processing. Bech Chem's outstanding reputation within the specialty chemical distribution industry was based on the exceptional service the company provided throughout the ordering process, as well as its exemplary technical sales and support. The result was strong relationships with high-quality suppliers throughout the world. About Akrochem Based in Akron, Ohio, Akrochem serves companies globally in the rubber, plastic, paint, coatings, and lubricant markets. Since the company's founding in 1929, Akrochem's goal has been to improve productivity for each of it customers. Akrochem provides a comprehensive assortment of compounding materials and color concentrates—from the basic to the most complex and customized—all supported by the industry's best technical expertise and service. Akrochem promotes professionalism through its ISO-9001-2015 and National Association of Chemical Distributors (NACD) accreditations.

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CHEMICAL TECHNOLOGY

LBB Specialties Signs Agreement with GREAF, a Leading Innovative Actives Manufacturer

LBB Specialties ,GREAF | July 07, 2021

LBB Specialties (LBBS), a pioneer in distributing specialty chemicals and ingredients in North America, announced the signing of an agreement with GREAF, a global provider of responsibly sourced, plant-derived innovative active ingredients. The deal expands LBBS' portfolio, especially in the areas of anti-aging and skin brightening ingredients. GREAF predicts market trends and offers Innovative Active Ingredients with natural and plant-derived solutions, including products with rapid effectiveness, as the market for anti-aging personal care products continues to expand. GREAF has conducted significant research to verify the efficacy and safety of each product. The company developed and now employs a world-class assessment CMA platform with extensive product safety and effectiveness evaluation systems, including no less than 70 clinical efficacy models of the molecule, cell, and 3D-reconstructed skin. The firm has applied for 78 patents so far. About LBB Specialties LBB Specialties is a market leader in the delivery of specialty chemicals and ingredients in North America. It is a diverse, nationwide supplier that serves end markets such as personal care, food and nutrition, advanced materials, and life science. LBB Specialties has a revenue of more than $300 million and employs more than 70 commercial team members. About GREAF GREAF has long focused on beautifying skin with innovative methods, creating new active ingredients, and offering superior skincare solutions as a global top cosmetic ingredients developer and manufacturer. The GREAF R&D Center, with skilled technical teams, focuses on creating synthetic active ingredients, herbal extracts, and fermentative substances in the early stages of global novel biotechnology. To date, GREAF has been awarded eleven patents. GREAF offers a wide range of actives under 5S, ISO9001, ISO14001, OHSAS18001, EFfCI, and GMP management systems, including whitening and anti-spot moisturizing anti-aging & anti-wrinkle, anti-inflammation, sebum normalizing & anti-acne, skin repairing, body shaping, baby care, and scalp care.

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