Automation and Instrumentation in Chemical and Petrochemical Market Next Big Thing

GLOBAL UP | August 12, 2019

Market study report Titled Global Automation and Instrumentation in Chemical and Petrochemical Market 2019 Industry Research Report is now available at Researchunt. This one of a kind report details every aspect of the Global Automation and Instrumentation in Chemical and Petrochemical industry and presents it in an easy to read format. It covers the industry from 2013 to 2017 for historical data and provides accurate predictions up to the year 2025. It also categories the industry into key geographical regions, subregions, types and applications. The Global Automation and Instrumentation in Chemical and Petrochemical Market 2019 study covers everything that a stakeholder needs to know about the industry, complete with sales, value, volume, market size and growth opportunities. The report covers historical data from the years 2013 to 2017 and takes 2017 as the base year. This helps in keeping the finding topical and relevant to the current context of the industry. In addition to this, it takes 2019 as the estimate year with forecasts for the next seven years, ending 2025.

Spotlight

The European chemicals industry is key for economic development and wealth, providing modern products and materials and enabling technical solutions in virtually all sectors of the economy. With a workforce of 1.2 million and sales of €537 billion (2007), it is one of the biggest industrial sectors and an important source of direct and indirect employment in many regions of the European Union.

Spotlight

The European chemicals industry is key for economic development and wealth, providing modern products and materials and enabling technical solutions in virtually all sectors of the economy. With a workforce of 1.2 million and sales of €537 billion (2007), it is one of the biggest industrial sectors and an important source of direct and indirect employment in many regions of the European Union.

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MARKET OUTLOOK

Advanced Petrochemical signs offtake deals for PP from planned complex at Jubail

Advanced | December 30, 2020

Saudi-based Advanced Petrochemical Company, a vital maker of polypropylene items, said its auxiliary, Advanced Global Investment Company (AGIC), has closed down take arrangements for the offer of polypropylene with two US-based gatherings - Vinmar International and Tricon Dry Chemicals - and Mitsubishi Corporation of Japan, said Chemweek. According to the drawn out arrangement, AGIC will supply 250,000 metric tons for every annum of polypropylene each to Vinmar and Tricon Dry Chemicals, while Mitsubishi will get 120,000 MT, expressed Advanced Petrochemical Company in its recording to Saudi Tadawul. The inventory of the whole polypropylene stock will be done from its Advanced Polyolefins Company (APOC) office in Jubail Industrial City set up as a joint endeavor with South Korea's SK Gas Petrochemical, it expressed. When operational, the APOC plant will have the ability to deliver 800,000 metric ton for each annum of polypropylene. As MRC educated before, Advanced Petrochemical Co. said its 85%-claimed auxiliary, Advanced Polyolefins Co. (APOC), acquired a contingent endorsement to make sure about SAR 3 billion credit from Saudi Industrial Development Fund (SIDF), as per a bourse proclamation. The credit, which can be dispensed until June 2025, is repayable in 16 semi-yearly portions, beginning July 2026, over a time of eight years. The credit will be ensured by contract on totally fixed resources of APOC to SIDF, notwithstanding giving corporate assurances from the investors of APOC. Ethylene and propylene are feedstocks for delivering polyethylene (PE) and polypropylene (PP). As indicated by MRC's ScanPlast report, Russia's assessed PE utilization totalled 1,760,950 tons in the initial ten months of 2020, up by 3% year on year. Just high thickness polyethylene (HDPE) and straight low thickness polyethylene (LLDPE) shipments expanded. Simultaneously, PP shipments to the Russian market arrived at 978,870 tons in January-October 2020 (determined utilizing the recipe: creation less fares in addition to imports less makers' inventories starting at 1 January, 2020). Supply of solely of PP arbitrary copolymer expanded.

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PRODUCTS AND TECHNOLOGIES

Milliken & Company Acquires Encapsys, LLC

Milliken | October 19, 2021

Milliken & Company (“Milliken”), a global diversified manufacturer with more than a century and a half of materials science expertise, has formally acquired Encapsys, LLC (“Encapsys”), a world leader in microencapsulation, from the Cypress Performance Group LLC (“Cypress”). The transaction officially closed October 18, 2021.“Moving the needle on sustainability requires big thinking and powerful collaborations. We’re thrilled to welcome Encapsys to Milliken,” said Halsey Cook, president and CEO for Milliken & Company. “Encapsys’s expertise coupled with our ability to scale will propel our efforts to deliver sustainable innovations for our customers." “Encapsys brings a unique combination of innovation, science and technology to the Milliken team,Enhancing our portfolio of specialty chemicals with global reach, this acquisition will accelerate sustainable solutions for the markets and customers we serve.” -Cindy Boiter, executive vice president and president of Milliken’s Chemical Business As Encapsys integrates into Milliken, daily operations will continue without interruption, including relationships with existing suppliers and customers. Headquartered in Appleton, Wisconsin, Encapsys is a leader in microencapsulation technologies, which put a uniform polymeric shell around a core material at the micron level to create capsules. Microencapsulation has applications across industries and helps companies achieve more sustainable products by advancing responsible consumption and efficient delivery of active materials. “Encapsys associates are excited to become a member of the Milliken team and welcome a world-class organization to Northeast Wisconsin,Our culture and values are a perfect fit, and we look forward to leveraging Milliken’s global capabilities to accelerate innovation and growth.” -Mary Goggans, president of Encapsys Milliken was represented by legal advisor Jones Day and financial advisor J.P. Morgan Securities LLC. BofA Securities, Inc. and Credit Suisse Securities (USA) LLC acted as financial advisors, and Morgan, Lewis & Bockius LLP acted as legal advisor to Encapsys. About Milliken Milliken & Company is a global manufacturing leader whose focus on materials science delivers tomorrow’s breakthroughs today. From industry-leading molecules to sustainable innovations, Milliken creates products that enhance people’s lives and deliver solutions for its customers and communities. Drawing on thousands of patents and a portfolio with applications across the textile, flooring, specialty chemical and healthcare businesses, the company harnesses a shared sense of integrity and excellence to positively impact the world for generations. Discover more about Milliken’s curious minds and inspired solutions at milliken.com and on Facebook, Instagram, LinkedIn and Twitter. About Encapsys Headquartered in Appleton, WI, Encapsys is a worldwide recognized innovator in microencapsulation. Encapsys is the patented inventor of microencapsulation and has been providing innovative solutions to partners in home care, personal care, agriculture, textiles, bedding and carbonless paper for over 65 years. To learn more about Encapsys, please visit www.encapsys.com. About The Cypress Performance Group LLC Encapsys has been owned since 2015 by The Cypress Performance Group. Cypress is a holding company founded by George Sherman focused on value-added manufacturing or industrial service businesses. Cypress helps companies implement their strategic plan by using its business system to focus on growth and operational efficiency while developing industry leading practices to improve customer experience and delivering shareholder value.

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CHEMICAL MANAGEMENT

Oil and gas, petrochemical industries bracing for Biden administration

Oil and gas | December 15, 2020

As President-elect Joe Biden and Vice President-elect Kamala Harris take the reins of governing the U.S. following one of the most hotly contested elections in the country’s history, energy sector leaders anticipate the industry will face major changes in operations, regulations and legislation. “Those who were paying attention throughout the campaign know that Biden did say some things about the energy sector throughout the campaign,” said Chet Thompson, president and CEO of AFPM. “He talked about his intention to gradually transition the United States from oil and gas. With a closely divided Congress, many of those legislative promises will likely remain aspirational. But — and this is a very important ‘but’ that has impact on our industry — he can advance his climate and environmental agenda using his existing authorities.”

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