Ineos Styrolution is developing an acrylonitrile styrene acrylate facility in Bayport, Texas, that's expected to begin operations in 2021. The plant will be "the most efficient dedicated ASA plant in the world," said company executive Alexander Glueck.
Lanxess' reorganization and divestiture of key assets resulted in job cuts but ultimately has resulted in a more profitable and technologically advanced portfolio, says Lanxess Korea CEO Ko Je-woong. "Lanxess decided to let go of businesses that are too sensitive to economy trends, and this turned out to be a good decision," he says.
A pending trade agreement between the European Union and the South American nations comprising the Mercosur economic alliance will remove tariffs on olive oil, which is expected to spur the commodity's movement across the Atlantic to and from Europe. "The EU-Mercosur trade deal represents good news for the olive oil sector," said Italian Association of the Olive Oil Industry President Anna Cane.
Indian state-run fuel companies have launched an initiative to buy used cooking oil to use as a biofuel base, and the government is encouraging construction of new biofuel plants. The initiative aims to limit crude imports while dissuading the use of burnt cooking oil after it ceases to be healthy.
University of Alberta researchers have discovered a method for making cling wrap from canola straw, creating a biopolymer that could be used in medical applications as well as food packaging. Typically, canola straw left over from a canola crop is an underutilized waste residue.
Shell Chemical's $6 billion ethane cracker underway in Monaca, Pa., is part of "the revolution in American energy that's helping make our economy the envy of the world," said President Donald Trump during a Tuesday visit.
The White House is reviewing an Environmental Protection Agency proposal that would end the federal government's direct oversight of methane leaks from oil and gas operations. More than 60 oil and gas entities are already voluntarily working to reduce methane leaks.
The Environmental Protection Agency has introduced a list of 20 substances that it believes should have a low-priority designation. American Chemistry Council says it will "analyze the EPA-proposed 20 low-priority chemicals and their supporting information and submit formal comments."
Saudi Aramco signed a non-binding letter of intent signifying its desire to purchase a 20% stake in Reliance Industries' refining, fuels marketing and petrochemicals units for $15 billion. "Saudi Aramco's interest is a strong endorsement of the quality of our assets and operations as well as of the potential of India," said Reliance Chairman and Managing Director Mukesh Ambani.
Altivia is acquiring Dow Chemicals' acetone derivatives unit, including a West Virginia site and certain assets. "This divestiture illustrates Dow's disciplined approach to portfolio management with a best-owner mindset," says Dow CEO Jim Fitterling.