World Chemical News 2021 by chemwinfo
14 February 2021
LANXESS signs contract to acquire
Acquisition with sales of USD 425 million
and EBITDA of USD 90 million to strengthen
Consumer Protection segment
Enterprise value of USD 1.075 billion
High-margin new application fields
in food industry and animal health
Rapid integration expected
11 February 2021
SIBUR reports Q4 and FY 2020 IFRS results.
the largest integrated petrochemicals
one of the fastest-growing companies
in the global petrochemical industry,
today announces
its operating and financial results
for the fourth quarter and full year
ended 31 December 2020
in accordance with
International Financial Reporting Standards (IFRS).
Highlights for FY 2020:
Resilient earnings
- Revenue of RUB 523 bln.
- EBITDA of RUB 179 bln,
an increase of 5.4% year-on-year. - Adjusted profit net of FX of RUB 93 bln.
11 February 2021
The Chemours Company Reports Strong Fourth Quarter
and Full Year 2020 Results
with Solid Momentum Across Core Markets
Full Year 2020 Results & Highlights
- Net Sales of $5.0 billion
- Net Income of $219 million with EPS of $1.32
- Adjusted Net Income* of $329 million with
Adjusted EPS* of $1.98 - Adjusted EBITDA* of $879 million
- Free Cash Flow* of $540 million
9 February 2021
partner on electric air-taxi program
Solvay will supply composite
and adhesive technologies
as well as technical support to Vertical Aerospace.
9 February 2021
LG Chem is putting spurs to switching RE100
at its domestic workplaces by participating in
the Korean RE100 (Renewable Energy 100) system.
On the 9th, LG Chem announced that the company
participated in the Green Premium Program
that has come into effect for the first time this year
and awarded an order
for 120GWh annual renewable energy per year.
The RE100 converts 100% of the electricity
used by companies into Renewable Energy,
which replaces petroleum fossil fuels
such as solar and wind power.
Green premium is a system that allows
electricity consumers to issue a
"confirmation on the use of renewable energy"
and use it for
RE100 certification
if they pay green premium to KEPCO.
9 February 2021
Indorama Ventures Reports 2020 Third Quarter Results
3Q 2020 Performance Summary:
Reported net profit is
THB 380 million in 3Q20 and
THB 1,104 million for 9M20.
9 February 2021
DuPont Reports Fourth Quarter 2020 Results
• 4Q20 GAAP EPS from continuing operations of $0.37;
adjusted EPS of $0.95
• 4Q20 Net Sales of $5.3 billion, up 1 percent;
organic sales flat with the year-ago period
• 4Q20 GAAP Income from continuing operations
of $279 million and Operating EBITDA of $1.3 billion
9 February 2021
BASF and Siemens Energy to cooperate
in the field of Carbon Management
Strategic partnership for industrial use
of low-CO2 technologies
Study of concrete projects
for BASF’s Ludwigshafen site
Focus on hydrogen production,
heat pumps and power grid upgrade
4 February 2021
Borealis announces a solid full-year 2020 result
with a net profit of EUR 589 million
despite a market environment heavily impacted
by the COVID-19 pandemic.
4 February 2021
Borealis has decided to start
a process divesting
its nitrogen business unit
including
fertilizer, technical nitrogen and melamine products.
Such a divestment would be subject to
information and consultation requirements
with employee representatives
as may be required under applicable laws.
3 February 2021
Trinseo Fourth Quarter 2020 Summary
- Net income of $67 million and diluted EPS of $1.71;
Adjusted EBITDA* of $149 million
and Adjusted EPS* of $1.84,
inclusive of a pre-tax favorable net timing
impact of $29 million - Cash from operations of $128 million;
Free Cash Flow* of $106 million
29 January 2021
LyondellBasell Reports 2020 Earnings
Full Year 2020 Highlights
Resilient Earnings
- Net Income: $1.4 billion, $1.9 billion
excluding LCM and Impairment 1 - Diluted earnings per share: $4.24 per share,
$5.61 per share excluding LCM and Impairment - EBITDA: $3.3 billion, $3.9 billion
excluding LCM and Impairment
Read more
28 January 2021
Celanese Corporation today announced
that its board of directors has approved
a 10 percent increase in
the company’s quarterly common stock cash dividend.
The dividend increase from
$0.62 to $0.68 per share of common stock
on a quarterly basis and from
$2.48 to $2.72 per share of common stock
on an annual basis.
The new dividend rate will be effective immediately.
26 January 2021
LyondellBasell and Sinopec finalize joint venture
to manufacture
propylene oxide and styrene monomer in China.
The JV will construct
a new PO and SM unit in Zhenhai Ningbo, China.
This new unit will have
275 kilotons per annum (KTA) capacity of PO and
600 KTA capacity of SM.
The unit will use LyondellBasell's leading
PO / SM technology.
Products produced by the JV will be
marketed equally by both partners,
significantly expanding their respective participation
in the Chinese market for PO and SM.
Startup is expected at the end of 2021.
21 January 2021
BASF has signed
a global, exclusive supply agreement with
Caregen, for four cosmetic peptides.
With this expansion in its portfolio, BASF plans
to launch four peptides
with anti-aging and anti-pigmentation properties,
for prone-atopic and prone-acneic skins,
in the course of 2021.
19 January 2021
INEOS donates £100 Million
to create new Oxford University Institute
to fight Antimicrobial Resistance.
18 January 2021
INOVYN BICHLOR™ electrolysers
selected by Koyuncu Group
for major investment in Konya, Turkey.
As one of the world's leading
chlor alkali technology solution providers,
with over 100 years of
electrolysis experience and electrolyser design,
INOVYN will provide state of the art
BICHLOR™ bipolar electrolysers
for a new 33,000m2 facility that will produce
chlorine, caustic, sodium hypochlorite
and hydrochloric acid.
The new facility will have
an annual production capacity of 50,000 tonnes,
with potential for further investment
in the production of derivatives in the future.
Engineering, construction and start-up
for the project will be provided by
an experienced supplier of process equipment
for chemical and industrial plants,
both domestically and internationally.
The project duration is 15 months
and production is planned
to start by the beginning of 2022.
14 January 2021
Covestro receives ISCC Plus certification
for its Antwerp and Uerdingen sites
•More sustainable polycarbonates and polyurethane raw materials
•Gradual conversion of production in Europe planned
•Drop-in solution for customers with constant product quality
Covestro has now received
ISCC Plus mass balance certification
for its Antwerp and Krefeld-Uerdingen sites.
This means the company can now offer its customers
large product volumes of
the high-performance plastic polycarbonate
made from renewable attributed raw materials
in the same good quality as fossil-based polycarbonate.
The polyurethane raw material
methylene diphenyl diisocyanate (MDI)
from Krefeld-Uerdingen and its precursor aniline
from the Antwerp plant are now also available
with ISCC Plus certification
12 January 2021
Products : Salt, Chlorine, Caustic, Chloromethanes
Nouryon announces renaming of
Industrial Chemicals subsidiary to
as next step in growth and branding strategy.
12 January 2021
Celanese to Build World Class
Liquid Crystal Polymer Plant in China
Celanese Corporation today announced its intent
to build a world-scale, multi-phase
Liquid Crystal Polymer (LCP) polymerization plant
in China to support the significant growth
in its high-value Vectra® and Zenite® LCP product lines.
Site selection is underway, and Celanese is considering
both existing and greenfield locations
to place its new LCP facility.
The total scope of the investment is intended
to support approximately
20 kilotons of LCP production per year
with the first phase of the project expected
to come on-line in 2024.
The addition of LCP polymerization capacity
in China
will make Celanese the only LCP producer
with assets in
both Asia and the Western Hemisphere,
giving the company the unique ability
to work closely with customers in multiple regions.
Celanese currently has L
CP polymerization capability
in Shelby, North Carolina, and
LCP compounding in North America, Europe and China.
5 January 2021
Solvay to sell its North American and European
amphoteric surfactant business to
OpenGate Capital
The Solvay Group agreed to sell
its North American and European
amphoteric surfactant business to
OpenGate Capital,
a private equity firm with headquarters
in Los Angeles.
The sale includes the three main production sites
supporting the amphoteric product lines
located in
University Park, Illinois (USA),
Genthin, Germany,
Halifax, United Kingdom, and
a tolling business in Turkey.
The agreement also includes
tolling and service agreements
between Solvay and OpenGate
to ensure a seamless transition
and minimal customer disruption.
In OpenGate Capital, Solvay has identified
a strong buyer for
the North American and European
amphoteric surfactant business
while the sale will generate additional resources
for Solvay to invest in
its strategic growth segments
as part of its portfolio simplification journey.
4 January 2021
Kuraray
2021 New Year's Greeting
from President (Hitoshi Kawahara)
To be "a strategically indispensable company"
for people around the world
Importance of "a safe workplace and a company
in which everyone can work with confidence"
To be a vigorous and creative corporate entity
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