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11:35 AM, 27th November 2019
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AkzoNobel supplies powder coatings for European’s new tallest building

AMSTERDAM, NETHERLANDS: Europe will soon have a new tallest building – and it’s being protected from the ravages of the Warsaw weather by a high-class powder coatings system supplied by AkzoNobel. Standing 310 meters tall, the Varso Tower – developed by international workspace provider HB Reavis – will dominate the skyline of the Polish capital. It features a sleek black exterior which has been created by using the company’s Interpon D2525 super-durable topcoat on ...

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9:16 AM, 2nd November 2019
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Clariant completes sale of healthcare packaging biz

MUTTENZ, SWITZERLAND: Clariant has completed the sale of its Healthcare Packaging business to a newly-formed investment of Arsenal Capital Partners, the signing of which was announced on July 22, 2019. The sale was closed on October 31, 2019. The total consideration of the sale amounts to approximately CHF 308 million which is equivalent to 13.2 times adjusted FY 2018 EBITDA. “The divestment of the Healthcare Packaging business is the first step of our announced strategy to become a mor ...

7:04 AM, 30th October 2019
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AkzoNobel to provide coatings technology for Ocean Cleanup’s new project

AMSTERDAM, NETHERLANDS: AkzoNobel is providing coatings technology for the garbage-gathering system for a new project to help rid the seas of plastic waste has been launched by The Ocean Cleanup. The latest venture is focused on the Interceptor™, a floating device which can extract plastic debris from rivers – preventing it from adding to the build-up in our oceans. Already tested in the Netherlands and South East Asia, the plan is to place Interceptors in 1,000 rivers over the next ...

6:37 AM, 30th October 2019
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Ineos Styrolution, Sirap agree joint project for depolymerisation of polystyrene

LONDON, UK: Ineos Styrolution announced an agreement with Sirap, an international leader in the production of food packaging (particularly of XPS based food containers), to develop packaging solutions based on chemically recycled polystyrene. Ultimately, the solution aims at achieving circularity for polystyrene reducing post-consumer waste, saving valuable resources with a reduced environmental footprint. The joint project between INEOS Styrolution and Sirap focuses on the use of polystyrene ...

5:13 AM, 30th October 2019
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Biesterfeld, NUWEN extend European partnership

HAMBURG, GERMANY: Biesterfeld Spezialchemie and French-based cosmetic ingredients company NUWEN signed a new agreement to intensify their cooperation in Europe. After successfully starting in Russia for a selected portfolio, the partnership has been extended and Biesterfeld will distribute NUWEN’s products in the Balkan countries, the Baltics, Czech Republic, Germany, Hungary, Romania and Slovakia. Biesterfeld’s product portfolio now extends from conventional surfactants to innovati ...

9:28 AM, 25th October 2019
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BP invests $5 mn in forest carbon offsets leader Finite Resources

LONDON, UK: BP Ventures has invested $5 million in Finite Resources Inc, parent company of Finite Carbon, a US-based forest carbon management company. The investment will enable Finite Carbon to grow a new line of business to incentivize sustainable forest management, financed by businesses seeking to voluntarily offset carbon emissions. Finite Carbon was founded in 2009 and has since become the largest developer of forest carbon offsets in North America with more than 40 forest ...

10:53 AM, 24th October 2019
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Solvay opens two new composite innovation centres in Alpharetta & Brussels

BRUSSELS, BELGIUM: Solvay SA has opened two innovation centers dedicated to thermoplastic composites in the United States and Europe. This reinforces its research and innovation (R&I) capabilities and engagement with customers, in high performance materials for the aerospace, automotive and oil & gas markets. The opening of both centers follows Solvay’s creation in April of its thermoplastic composites platform to speed up the development of these materials. The centers ...

9:11 AM, 24th October 2019
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Total offers $400 million global venture fund to carbon neutrality

PARIS, FRANCE: Total said that it will focus its global venture fund on fostering carbon neutrality. The fund will increase its capital to a cumulative $400 million within five years’ time. Its investments will support start-ups that develop innovative technologies and solutions which help companies to reduce their energy consumption or the carbon intensity of their activities. The fund will be known as Total Carbon Neutrality Ventures (TCNV). TCNV will invest globally, with teams based i ...

7:18 AM, 24th October 2019
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Neste, Remondis partner on chemical recycling of plastic waste

ESPOO, FINLAND: Neste and Remondis have signed an agreement to collaborate in the development of chemical recycling of plastic waste. The companies will focus on developing and accelerating chemical recycling with a target to reach an annual capacity to process over 200 kilotons of waste plastic. Neste is the world’s leading provider of renewable diesel, renewable jet fuel, and an expert in delivering drop-in renewable chemical solutions, and Remondis is one of the wor ...

10:12 AM, 23rd October 2019
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Linde acquires minority stake in ITM Power, agrees joint venture

GUILDFORD, UK: Linde has acquired a minority stake in ITM Power plc, a British manufacturer of polymer electrolyte membrane (PEM) electrolyzers for the electro-chemical splitting of water into hydrogen and oxygen. The transaction provides Linde with a strategic investment in a world leading manufacturer of integrated hydrogen energy solutions. In addition to its investment, Linde will form a joint venture with ITM Power to implement projects based on ITM Power's technology. By bringing togethe ...

9:33 AM, 23rd October 2019
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Pfeiffer Vacuum inaugurates new plant in Wuxi, China

ABLAR, GERMANY: Pfeiffer Vacuum, one of the world’s leading providers of vacuum solutions, has expanded its facility in Wuxi, China with a grand opening ceremony of a new plant. Double its original size, the new, expanded facility marks a significant milestone in Pfeiffer Vacuum’s development in China, as it allows the company to better respond to local customers’ needs while supporting its strategic growth in the local coating and semiconductor market. At the 2019 annual gen ...

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