Media

6:29 AM, 1st April 2015
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Sinopec, ExxonMobil collaborate for fluid bed methanol to gasoline technology

BEIJING, CHINA: Sinopec Engineering (Group) Co Ltd (SEG) and ExxonMobil Research and Engineering Company (EMRE) are participating in a cooperative development agreement (CDA) for advancement of fluid bed methanol to gasoline technology. The CDA will leverage the two companies’ expertise and experience in methanol conversion to gasoline (MTG) and fluid bed technology development to refine and commercialize a fluid bed version of MTG technology. The two companies are developing the technolog ...

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11:28 AM, 28th January 2015
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Toray to expand polyester staple fiber production in South Korea

TOKYO, JAPAN: Toray Industries, Inc has formulated a plan to expand the polyester staple fiber business at Toray Chemical Korea Inc, the acquisition of which Toray completed in February 2014, to pursuit synergy effects within Toray Group. According to the plan, Toray will boost production capacity of low melt polyester staple fiber (LM polyester staple fiber) at TCK’s Gumi I Plant in Gumi, Gyeongsangbuk-do by about 1.7 times to 170,000 tonne. The additional LM polyester staple fiber produ ...

10:25 AM, 21st January 2015
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Ube Industries to build R&D facility in Japan

TOKYO, JAPAN: Ube Industries, Ltd has decided to establish a new R&D facility in July 2016, to be located within the Sakai Factory in Sakai City, Osaka Prefecture, Japan. The tentatively named Osaka R&D Centre will expand the company’s R&D capabilities in the strategic growth segment of specialty products. The new R&D centre’s focus will be on R&D for specialty products, to propel future business growth. The Osaka R&D Centre will engage in research and develo ...

12:54 PM, 20th January 2015
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Asahi Kasei to construct validation plant for diphenyl carbonate production

TOKYO, JAPAN: Asahi Kasei Chemicals will construct a validation plant at its Mizushima Works (Kurashiki, Okayama, Japan) for its newly developed process to produce diphenyl carbonate (DPC), a monomer used in polycarbonate production, via dialkyl carbonate (DRC). Asahi Kasei Chemicals has built a successful business globally licensing its non-phosgene process for polycarbonate using CO2 as feedstock. Validation of the new process will enable the company to license it as the intermediate process ...

11:02 AM, 9th January 2015
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Nippon Shokubai closes manufacturing plant at Suita, Japan

TOKYO, JAPAN: Nippon Shokubai Co Ltd announced that at the end of 2014 it ceased manufacturing at its Suita Plant in the city of Suita, Japan, a production facility which played a key role in the Company’s growth. In the future, however, the Company plans to bolster its R&D operations in the area by constructing a new research and development facility. The plant’s production capacity decreased, however, as a result of the transfer of Nippon Shokubai’s unsaturated polyester ...

10:56 AM, 9th January 2015
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Indorama to acquire Polyplex’s PET resin plant in Turkey

BANGKOK, THAILAND: Indorama Ventures PCL (IVL), one of the world’s foremost petrochemical producers, has reached a definitive agreement with Polyplex Europa Polyester Film San ve Ticaret A?, Turkey, a 100 per cent subsidiary of Polyplex (Thailand) PCL (PTL) and Polyplex (Asia) Pte Ltd, Singapore, to fully acquire the new state-of-the-art PET resin plant with a planned capacity of 252,000 tonne per year situated close to Istanbul in Turkey. The transaction is expected to be completed in the ...

11:38 AM, 8th January 2015
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Mitsui to invest in Kuala Lumpur Kepong’s oleochemicals project in China

TOKYO, JAPAN: Mitsui & Co Ltd and Kuala Lumpur Kepong (KLK) Berhad, a Malaysian leading company in the palm plantation and oleochemical industries, have reached agreement on Mitsui’s participation in the oleochemical business operated by KLK in China. Mitsui plans to invest a total of $44 million in the business and has signed an agreement providing for the acquisition of 20 per cent of the shares in KLK Premier Capital Limited (KLKPCL) from KLK. KLKPCL is an investment holding company ...

11:33 AM, 8th January 2015
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Mitsubishi Plastics, Mitsubishi Rayon to enhance carbon fiber business

TOKYO, JAPAN: Mitsubishi Plastics, Inc and Mitsubishi Rayon Co Ltd have agreed to integrate the Pitch-based carbon fiber business of Mitsubishi Plastics and the polyacrylonitrile (PAN)-based carbon fiber business of Mitsubishi Rayon with the purpose of enhancing the carbon fiber & composite materials business. Mitsubishi Rayon will succeed Mitsubishi Plastics’ Pitch-based carbon fiber business through a company split and launch new organization, in which the Pitch-based carbon fiber bu ...

11:43 AM, 5th January 2015
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SRF acquires pharmaceutical propellant business of DuPont

NEW DELHI, INDIA: SRF Limited has announced the acquisition of Global DuPont Dymel, the pharmaceutical propellant business of American chemical giant DuPont. In an all-cash deal, SRF would pay a consideration of $20 million for DuPont’s Fluorochemicals business, which is part of the performance chemicals segment that DuPont plans to hive off by mid-2015. Under the transaction, DuPont would transfer the ‘Dymel’ brand to SRF as well as the technology and knowhow for setting up i ...

11:32 AM, 5th January 2015
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China searches precious metals in Indian Ocean

BEIJING, CHINA: A Chinese submersible vessel has conducted its first deep dive in the Indian Ocean in search of rare metals. The project involves collecting samples of hydrothermal fluid and sulfide, a kind of seabed deposit containing copper, zinc and precious metals such as gold and silver. The project, which involves exploring the Indian Ocean for 120 days, reflects China’s hunger for resources, and its long-term development plans, said sources. The vessel will also obtain samples of r ...

6:38 AM, 3rd January 2015
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Hyosung to expand spandex production at China

SEOUL, SOUTH KOREA: South Korean textile and industrial materials maker Hyosung Corp will boost spandex production at its China plant, a step that will help reaffirm its position as the world’s No 1 spandex maker. The latest plan will help the company’s China facility in Guangdong Province expand production of spandex yarns by 14.3 per cent to 80,000 tonne per year, according to company officials. With the expansion, the firm’s total production of the elastic synthetic fiber w ...

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