World Chemical News, 2022 by Chemwinfo
11 April 2022
BASF Group releases preliminary figures
for first quarter of 2022
Net income expected to be €1,221 million
(Q1 2021: €1,718 million),
EBIT expected to be €2,785 million
(Q1 2021: €2,311 million)
Sales expected to be €23,083 million
(Q1 2021: €19,400 million)
7 April 2022
INEOS Nitriles to invest in new world scale Acetonitrile plant
at its Köln facility to meet European demand
Hans Casier, CEO INEOS Nitriles
the largest producer of Acetonitrile in the world
and we will continue to invest
in this important specialty product
to support the growth of our customers
“I’m especially pleased as this investment
will bring back production capacity to Europe
for this key product and it demonstrates
our commitment to underpin and reinforce
our Nitriles production platform
16 March 2022
LG Chem Invites Innovative Technology Ideas
for Startups Around the World
Any startup from around the world
with innovative technology development ideas
for sustainable next-generation can participate,
and it is easy to apply
by visiting the official homepage
for the challenge (www.lgc-innovationchallenge.com).
The contest themes for each field are as follows.
The themes for circular plastics are
▲biodegradable materials
▲recycled plastics
▲bio-materials, etc.
for developing sustainable plastic
that can protect the environment and society,
and for constructing a resource circulation ecosystem.
The themes for renewable hydrogen are
▲green and blue hydrogen production
▲hydrogen utilization and application technologies,
etc. for converting to the clean energy sector
in order to respond to climate change.
The carbon utilization sector will invite ideas on
▲ using carbon as resource and fuel,
and its conversion process
▲ developing new uses through carbon mineralization
to reduce carbon emissions generated
during industrial processes.
The sustainable battery materials sector
will invite ideas for reducing carbon emissions
in the value chain ranging
from raw materials to battery production
and its disposal through
▲waste battery recycling technologies
▲eco-friendly process technologies, etc.
LG Chem plans to organize
an internal open innovation experts’ group
in the US, Europe and Korea
to focus on selecting startups
that can create actual synergy with existing businesses
while being in accordance to
the company’s mid- to long-term strategies.
The final winners will be selected in June considering
technological innovation, commercial possibility, etc.
and plans are to discuss diverse cooperation systems
such as joint research, share investments, etc.
depending on future technology levels
and the time for which commercialization is possible.
1 March 2022
BASF builds new plant for alkylethanolamines
at Antwerp site.
BASF builds a new world-scale production plant
for alkylethanolamines at the Verbund site
After the planned start-up in 2024,the company
will increase the global annual production capacity
of its alkylethanolamines portfolio
containing, amongst others,
dimethylethanolamines (DMEOA) and
by nearly 30 percent
to more than 140,000 metric tons per year.
With a high degree of local backward integration,
BASF ensures a reliable and sustainable production
of alkylethanolamines.
With production facilities for this portfolio at its sites in
Ludwigshafen, Germany;
Geismar, Louisiana and
Nanjing, China,
BASF is one of the world’s leading producers
24 February 2022
Borouge successfully starts up
its fifth polypropylene unit in Ruwais, UAE.
Borouge, a joint venture between ADNOC and Borealis
Built within the Borouge 3 plant,
PP5 is a key milestone in
Borouge’s 2030 growth strategy.
The new unit will deliver 480,000 tonnes per year (t/y)
and contribute to increasing
Borouge’s polypropylene production capacity
by more than 25% to 2.24 million t/y,
and its total polymer capacity of polyolefins
by 11% from 4.5 to 5 million t/y.
The start-up of PP5 follows soon
after the announcement of
the Final Investment Decision for
the world-scale Borouge 4 expansion
which makes
Borouge’s Abu Dhabi manufacturing facilities
the world's largest single-site polyolefin complex.
Borealis Media Contact
Senior Manager, Corporate Communications, Brand & Reputation
+43 1 22 400 772
virginia.wieser@borealisgroup.com
2 February 2022
SABIC has signed an agreement
to purchase Clariant’s 50 percent stake
in specialties company
currently a 50/50 joint-venture with SABIC.
Subject to regulatory approval, expected in mid-2022,
the transaction will give SABIC full ownership of
which is a leading licensor of
high-performance process technologies and catalysts producer.
1 February 2022
Happy Chinese New Year for All of us
May year of tiger bless you, your families and
All of us
with good health, prosperity and happiness.
12 January 2022
INEOS signs renewable power deal
with Eneco.
The deal increases
INEOS' total Belgian offshore wind generation
to over 200MW and reduces CO2 emissions
by nearly 3 million tonnes
- 10 year Power purchase agreement with Eneco
- It is the largest PPA that Eneco has signed in Belgium
- From largest Belgian offshore wind park -
SeaMade Wind Park - 65 Megawatt (~250 GWh per annum)
- Forms important part of the INEOS roadmap
for a reduction in carbon-based energy for its facilities
12 January 2022
Huntsman Highlights Recent Strategic Actions
to Enhance Shareholder Value
>> VIEW HUNTSMAN PRESENTATION page 1 to 37
>> VIEW HUNTSMAN PRESENTATION page 38 to 80
4 January 2022
BASF resolves on share buyback program
with a volume of up to €3 billion
* Repurchased shares to be cancelled,
reducing the share capital accordingly
* Own shares to be repurchased
from January 2022 until year end 2023
* The purchase shall be executed on
the electronic trading platform of
the Frankfurt Stock Exchange (Xetra)
its progressive dividend policy.
* Share buybacks are another tool
to create value for its shareholders.
BASF resolves on share buyback program
with a volume of up to €3 billion
BASF remains committed to its progressive dividend policy.
Share buybacks are another tool
that BASF will use additionally
to create value for its shareholders.
Through the share buyback
* available capitalwill be returned to shareholders,
* the company’s capital structure optimized
* and earnings per share increased.
BASF will continue to prioritize organic growth
in its use of capital,
while acquisitions are currently of lower relevance
for the company.
>>DISCLOSURE ON SHARES BUYBACK
Dr. Stefanie Wettberg
Senior Vice President
Investor Relations
Phone: +49 621 60-48002
stefanie.wettberg@basf.com
1 January 2022
Happy Holidays! NESTE
Solvay wishes you a happy, safe and prosperous New Year 2022!
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a happy, healthy and prosperous New Year 2022!!
Happy New Year 2022
Happy New Year 2022
Happy New Year 2022
เป้าหมายการพัฒนาอย่างยั่งยืน
เป้าหมายที่ 1 ยุติความยากจนทุกรูปแบบในทุกที่ทุกคนทุกครอบครัว
SDG Goal 1 No Poverty for Mankind
>>รายละเอียด การพัฒนาอย่างยั่งยืน
(Sustainable Development Goals หรือตัวย่อว่า SDGs)
การพัฒนาระดับนานาชาติซึ่งจัดทำขึ้นโดย
เป็นเป้าหมายโลกแห่งการพัฒนาอย่างยั่งยืน
SDGs เป็นทิศทางการพัฒนาตั้งแต่ปี 2558 - 2573
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