Targeted for completion by the second half of 2019, Huntsman’s investment is designed to increase the company’s systems production capacity in the region and add a new dimension to its polyester polyol capabilities.
The joint venture, named Bayport Polymers LLC, is 50 per cent owned by Total and 50 per cent owned by Novealis Holdings LLC, a joint venture between Borealis and Nova.
Strong demand for both Dyneema UD, a unidirectional laminate, and Dyneema-brand fiber is prompting the increase, the company said.
The size of the North American automotive plastics market shows steady gains, the report from Global Market Insights Inc said, and is expected to exceed US$5 billion by 2024.
The project, which will be in Portland, Texas, is expected to include a 1.8 million tonne ethane cracker, a monoethylene glycol unit and two polyethylene units.
Houston-based LyondellBasell reported US$1.2 billion in net income in the first quarter, up from US$797 million in the same period last year. Revenue rose from US$8.4 billion to US$9.8 billion.
Bioplastics supplier NatureWorks LLC has named industry veteran Richard Altice as its new president and CEO, replacing Marc Verbruggen, who led the company from 2008 to his retirement in 2017. Altice comes to Minnetonka, Minn.-based NatureWorks from PolyOne Corp., where…
A new enzyme is able to effectively break down PET, one of the most popular forms of plastic employed by the food and drinks industry.
Thomas will hand over CEO position to Dr. Markus Steilemann on June 1, 2018, four months ahead of his original planned retirement.
M. Holland Company and Osterman & Company will distribute Nova’s butene linear low density polyethylene (LLDPE) in Mexico.
The merger of the Canadian and America colour pigment suppliers is designed to combine the strengths of both and to expand their product portfolios.
The investments will expand production capacity to support global growth of specialty materials manufactured at DowDuPont’s site in Orange, Texas.
Mark Garrett, CEO of Austrian material supplier Borealis, is leaving the company effective July 2, and will be replaced by current executive vice president Alfred Stern.
North America is expected to become second largest market for Clariant with about $2 billion turnover forecasted by 2021.
Sporting a silver metallic, pearlescent-effect finish, the world’s first HDPE bottle molded from 100 per cent ocean-bound plastic has just hit the market.
The 200,000-square-foot facility in High Point, N.C. is due for completion this summer, and represents a $4 million investment.
AkzoNobel is all set to sell of its specialty chemicals segment to Carlyle Group, a U.S. private equity firm. The deal will be for $12.5 billion in order to transform the company into a focused supplier of paints and coatings.
Luxembourg-based resin distributor Plastiche is owned by the Roussis family, which also controls Ravago, another major distributor of thermoplastic resins.
The Germany-based styrenics supplier is commissioning an engineering study to build the plant at an as-yet undetermined location.
The merger will add Topas-brand cyclic olefin copolymer resins to Polyplastics USA’s existing portfolio of acetal, polybutylene terephthalate, and polyphenylene sulfide engineering polymers.