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World Chemical News 2021 by chemwinfo

World Chemical News 2021 by chemwinfo

World Chemical News 2021 by chemwinfo

14 February 2021

LANXESS signs contract to acquire

Emerald Kalama Chemical

 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


Credit > LANXESS


11 February 2021


SIBUR reports Q4 and FY 2020 IFRS results.


PJSC SIBUR Holding,

the largest integrated petrochemicals

company in Russia and

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.


Credit > SIBUR

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



Credit > Chemours

9 February 2021


Solvay and Vertical Aerospace

partner on electric air-taxi program


Solvay will supply composite

and adhesive technologies

as well as technical support to Vertical Aerospace.


Credit > Solvay


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.

Credit > LG Chem

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.


Credit > Indorama Ventures

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



Credit > Dupont

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


Credit > BASF

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.


Credit > Borealis

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.


Credit > Borealis

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


Credit > Trinseo


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


Credit > LyondellBasell

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.


Credit > Celanese

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.



Credit > LyondellBasell


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.


Credit > BASF

19 January 2021

INEOS donates £100 Million

to create new Oxford University Institute

to fight Antimicrobial Resistance.

Credit > Ineos


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

Vespro A.Ş.,

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.



Credit > Innovyn


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

READ MORE


Credit > Covestro


12 January 2021

>NOBIAN

Products : Salt, Chlorine, Caustic, Chloromethanes


Nouryon announces renaming of

Industrial Chemicals subsidiary to

Nobian

as next step in growth and branding strategy.


Credit > Nouryon

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.


Credit > Celanese


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.


Credit > Solvay

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


Credit > Kuraray


CREDITS :

WEBSITES OF LEADING CHEMICAL,

PETROCHEMICAL, OIL AND GAS COMPANIES

and

WWW.SET.OR.TH,

WWW.BOI.GO.TH


WWW.CHEMWINFO.COM  BY KHUN PHICHAI


Tags : World Chemical  News  2021  by  chemwinfo

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