Asia acetone market shaken by possible US ADDs amid oversupply

ICIS News | February 22, 2019

Asia’s acetone market was shaken after some US producers filed antidumping duty (ADD) petitions against imports from Singapore and South Korea and three other countries, amid long regional supply. Import discussions in India fell, while those in China were so far subdued this week. Prices in India on 20 February fell by $15/tonne week on week to $425-445/tonne cost and freight (CFR) India, while China prices were last assessed at $450-460 CFR CMP (China Main Port) on 15 February, according to ICIS data. Acetone can be used in solvent applications and in the manufacture of chemicals for the coatings, plastics, construction and automotive industries. US firms AdvanSix, Olin and Altivia filed on 19 February the petitions with the International Trade Commission (ITC) and the US Department of Commerce for the imposition of ADDs on acetone, from a total of five origins, including Saudi Arabia, Belgium and Spain. According to ITC data, US’ acetone imports in January to November 2018 surged 97.2% year on year to 167,075 tonnes.

Spotlight

If scientists are ever going to deliver on the promise of implantable artificial organs or clothing that dries itself, they'll first need to solve the problem of inflexible batteries that run out of juice too quickly. They're getting closer, and today researchers report that they've developed a new material by weaving two polymers together in a way that vastly increases charge storage capacity.

Spotlight

If scientists are ever going to deliver on the promise of implantable artificial organs or clothing that dries itself, they'll first need to solve the problem of inflexible batteries that run out of juice too quickly. They're getting closer, and today researchers report that they've developed a new material by weaving two polymers together in a way that vastly increases charge storage capacity.

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CHEMICAL TECHNOLOGY

Olyns Creates an Elegant and Convenient Solution to Increase Plastic Recycling

Olyns | July 29, 2021

Olyns, a global leader in technology-driven recycling solutions, announced the release of a new bottle collection machine intended for high-traffic indoor areas. The innovative system offers a simple method for consumers to redeem bottle deposits while receiving rewards through a mobile app to encourage plastic recycling. The technique also helps in the removal of obstacles associated with the collection and transportation of recyclables. PepsiCo collaborated with Olyns earlier this year to create a trial program in one Safeway store, which has expanded to gather about 1,000 containers each day, or roughly 30 customers per day depositing. In addition, Olyns machines are now available at Safeway stores in Milpitas (#1879) and Santa Clara (#1990). A single Olyns machine can compress and store over 1,000 plastic bottles, 850 aluminum cans, and 50 glass bottles each year, producing over 1.5 metric tons of pure recycled PET. The eye-catching, clean, and odorless machine also functions as a media platform, with a 65-inch full-motion glass HD video display, providing advertisers with a one-of-a-kind opportunity to reach consumers. The Olyns bottle collection machine crushes and separates materials to complete transactions, employs AI-image recognition for dynamic deposit returns, and employs touchless NFC login through the Olyns mobile app. In addition, Olyns may refund customers via the Olyns app through Paypal for every container they deposit in a machine in the ten-bottle bill states (states having bottle deposit laws to promote recycling). Olyns machines are unique in that they are maintained by members of the gig economy, who use the Olyns mobile app to get "empty machine" alerts and pick up and transport deposited containers to recycling centers. Olyns machines also serve as a media platform, assisting in further consumer recycling incentives and company growth. Eighty-eight percent of customers want businesses to help them live more sustainably, providing a chance for brands to engage this audience during their recycling experience. The dual-purpose displays can broadcast inspiring content to promote the importance of recycling while also serving as a powerful advertising network, communicating with millions of customers, and influencing purchase decisions at points of sale. About Olyns Olyns develops technology-driven recycling solutions to satisfy the demand for recycled plastic (RPET) and accelerate the transition to a circular plastics economy via a new recycling model that solves the key problems of access, incentive, revenue, and labor. The Olyns recycling platform consists of an elegant bottle collection machine designed for high-traffic indoor locations and a gamified mobile app that offers bottle refunds, rewards, and environmental impact dashboard, and a community leaderboard. Olyns machines are visually appealing, clean, and odorless, and they also serve as a media platform for advertisers. Each machine features a 65-inch full-motion HD video screen that serves as a powerful advertising platform for brands. Gig workers use the Olyns app to collect and transport deposited materials from machines to recycling facilities. In the United States alone, there are around 140,000 indoor places where Olyns machines could be placed. Malls, service stations, transportation hubs, cinemas, stadiums, and corporate campuses are good places for Olyns machines.

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CHEMICAL TECHNOLOGY

BASF and Entegris Sign Agreement on the Sale of Precision Microchemicals Business

BASF | October 28, 2021

BASF and Entegris have signed an agreement on the sale of the Precision Microchemicals business to Entegris for $90 million. The transaction includes technologies, intellectual property and trademarks and is expected to be completed by the end of 2021. The Precision Microchemicals business is part of the Surface Treatment business unit of BASF’s Coatings division, operating under the Chemetall brand. It develops, manufactures, and markets high purity materials, including cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries used in the machining and surface conditioning of electronic materials. The products are primarily used for cleaning and polishing of hard disk drives (HDD) and wide band gap semiconductor (WBGS) ultra-hard surface materials, including silicon carbide (SiC) used in power electronics and advanced communications. This business will be part of the Specialty Chemicals and Engineered Materials (SCEM) Division of Entegris. “Under the ownership of Entegris – a leading global player in specialty chemicals and advanced materials solutions for the microelectronics industry – the Precision Microchemicals business will be well positioned to realize its full potential. Christophe Cazabeau, Senior Vice President, Surface Treatment, BASF “The acquisition of BASF’s Precision Microchemicals business adds technical expertise, intellectual property and talent to our broad specialty chemicals portfolio,” said Bertrand Loy, President and CEO of Entegris. “In particular, it will build on our leadership in the CMP slurry market for ultra-hard surface materials, serving some of the fastest growing end-markets globally, including electric vehicles and 5G communications.” About BASF At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. About Entegris Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Entegris has approximately 6,600 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service, and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Forward-Looking Statements: This joint press release contains forward-looking statements. The words “believe,” “expect,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements related to the closing of the transaction; future growth of the Precision Microchemicals business; and expected impacts of the transaction, including with respect to Entegris’ relative market position. These statements involve risks and uncertainties, and actual results may differ materially from those projected in the forward-looking statements. These risks and uncertainties include, but are not limited to, those risk factors and additional information described in Entegris’ filings with the Securities and Exchange Commission, including under the heading “Risk Factors” in Item 1A of Entegris’ Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission on February 5, 2021, and in Entegris’ other periodic filings.

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PRODUCTS AND TECHNOLOGIES

Braskem Launches High Visibility Polypropylene Filaments For 3D Printing

BRASKEM | October 27, 2021

Braskem the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, announces today the launch of its new high visibility polypropylene (PP) filaments (FL105PP), the latest additions to Braskem's 3D product portfolio. Braskem's new high visibility PP filaments are now available in neon yellow and neon pink, making them ideal for safety and construction applications. Braskem is one of the first companies to introduce neon colored PP filament for safety and construction. These products build on the successful roll-out of Braskem's traditional PP filaments including all the same great material benefits such as lightweight, water and chemical resistance, as well as impact resistance, but now all in a highly visible color. In addition to these new high visibility colors, Braskem also launched new polypropylene filaments (FL105PP) in black "As one of the world's largest producers of polyolefins, we are proud to announce this latest evolution of our 3D printing product portfolio with new high visibility polypropylene (PP) filaments. If you are a start-up, university, equipment manufacturer, converter, compounder, or brand owner, Braskem has innovative solutions to fit your 3D printing and additive manufacturing needs," Fabio Lamon, Global Additive Manufacturing Technology Manager, Braskem "What makes this extra special is when we partner with our clients, we are able to deliver products that best address their specific needs and specifications. After the successful launch of our FL105PP 3D printing filament, clients began reaching out to see if our PP filaments could be made available in brighter colors. Working closely with our distribution partners, and with input from our clients, we were able to deliver our high visibility 3D printing product line in near record time," concluded Lamon. Braskem filaments are designed with the end user in mind; they are a great choice for making molds, jigs, and fixtures, prototyping, testing performance improvements for light weighting, optimizing geometries, and designing spare parts. Braskem 3D printing filaments are available in both 1.75 mm and 2.85 mm diameters to fit a wide range of printer applications. Braskem offers solutions for many of the primary 3D printing technologies such as Fused Filament Fabrication (FFF), Selective Laser Sintering (SLS), and High-speed Pellet Extrusion. Through Braskem's decades of expertise in materials science and product development, its state-of-the art 3D printing labs, and its strategic partnerships with industry leaders, Braskem is committed to delivering new and innovative products to the market. To support the sustainable use of polypropylene through the development of, and investment in, the Circular Economy, Braskem America committed to being a founding member and funding partner of the Polypropylene Recycling Coalition, with a primary focus on increasing U.S. polypropylene recovery and reuse. To learn more about the Polypropylene Recycling Coalition, the founding members, and how to join, visit https://recyclingpartnership.org/polypropylene-coalition. For additional information about Braskem's circular economy position. ABOUT BRASKEM With a global vision of the future oriented towards people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company's almost 8,000 team members dedicate themselves every day to improve people's lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare and hygiene, among others. With 41 industrial units in Brazil, the United States, Mexico and Germany, and net revenue of R$58.5 billion (US$11.4 billion), Braskem exports its products to clients in more than 80 countries.

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