Polymers
Momentive hikes global urethane additives capacity
Momentive Performance Materials said it recently completed a series of capacity expansions on urethane additives in China, India, Brazil and Belgium. In China, the company said it completed an expansion that enables increased urethane additive finished goods capacity at its Nantong plant facility.
US plastic resin production, sales down from 2011
US production of major plastic resins totaled 6.1 billion pounds during April 2012, a decrease of 3.2% compared to the same month in 2011, according to new statistics released by the American Chemistry Council (ACC) trade group. Sales and captive use were down 8.8% from April 2011.
Dow wins $2bn in damages from failed Kuwait JV
The International Court of Arbitration awarded damages to Dow of $2.16 billion, not including interest and costs. Kuwait ruled in December 2008, at the peak of the global recession, that the Petrochemical Industries Company of Kuwait (PIC) should withdraw from the planned olefins and polyethylene venture.
Georgia Gulf, Segetis to collaborate on bio-based polyvinyl chloride in US
Georgia Gulf has agreed to collaborate with Segetis to offer a new flexible vinyl compound based on Javelin technology bio-plasticizers from Segetis. This is the second collaboration to develop bio-based flexible polyvinyl chloride (PVC) compounds announced in 2012 by Georgia Gulf, the company noted.
Cytec aims to sell coating resins business this year
Cytec Industries has begun a formal sale process for its coating resins business, the US-based specialty materials company said on Monday. Cytec does not intend to give further updates on the sale process until a transaction is announced, which is estimated to occur later in 2012.
Fluor finishes China polysilicon plant for LDK Solar
Fluor Corp. has completed construction for LDK Solar’s polysilicon plant in Xinyu City, China, one of the largest such production facility in the world. Fluor said it continues to provide debottlenecking services at the plant and is implementing new technologies to increase production.
Albemarle to shutter phosphorous product lines
Albemarle said Thursday that it plans to exit its existing phosphorous flame retardants business, citing a need to restructure its business portfolio and address underperforming assets. Production at both facilities will cease upon completion of customer contracts, according to the company.
Nalco to build dry polymer plant at Louisiana facility
Nalco announced the construction of a new dry polymer production facility at the company’s complex in Garyville, La. Construction of the facility is expected to be completed in December 2012. The plant is expected add 22 full-time positions to the company’s current Garyville workforce of 235 employees.
NOVA to sell North American styrenics unit to PFB
PFB Corp. has agreed to acquire performance styrenics business of Canada’s NOVA Chemicals, including the expandable polystyrene (EPS) and ARCEL resin products. PFB says the acquisition will underpin a vertically-integrated, construction-materials focused product offering in the US.
Eastman finishes retrofit, startup of newly-acquired plasticizer plant in Texas
Eastman Chemical has completed the retrofit and startup of its non-phthalate plasticizer manufacturing facility in Texas City, Texas. Eastman, which purchased the former Sterling Chemicals plant in mid-2011, said further capacity additions were possible with minimal investment.
- Russia to aid hurricane-hit Cuba with diesel fuel 11/8
- SABIC opens ULTEM™ resin manufacturing facility in Singapore 11/8
- U.S. refiners hold output at high levels as fuel inventories sag 11/8
- Catalyxx secures $5.8-MM Series A equity round to advance green chemistry technology 11/8
- Neste changes its guidance due to unplanned shutdown of Rotterdam refinery 11/8
- Repsol launches Nexa, the commercial brand of its 100% renewable premium diesel in service stations 11/8
