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The Marchesini Group Appoints Francesco Stanzani as its New Sales Director

Italy: Management Strategy

The Marchesini Group Appoints Francesco Stanzani as its New Sales Director

25/06/2019 - Francesco Stanzani has specialized in Industrial Technology at the Ktema Centre in Bologna, Italy and prior to his new role, he was appointed as the Managing Director of TMG UK – the English division of the Marchesini Group. read...

Kaneka Reveals its Medium-Term Management Plan

Company Report

Kaneka Reveals its Medium-Term Management Plan

25/06/2019 - The Kaneka Group has drawn up its new medium-term management plan with a special focus on growth strategy, R&B strategy, global strategy and M&A strategy. read...

Lanxess is Now Supplier of Sustainable Leather Chemicals

Germany: Speciality Chemicals

Lanxess is Now Supplier of Sustainable Leather Chemicals

24/06/2019 - Lanxess has completed Level 3 Certification in the ZDHC Gateway for all organic leather chemicals and has also become the maiden company to achieve this feat. The firm has also received the Chem-MAP Multi-Site Award. read...

Oil Prices Surge amidst US-Iran Tensions

World Update

Oil Prices Surge amidst US-Iran Tensions

24/06/2019 - Post the attack on two oil tankers in the Gulf of Oman, oil prices have surged. The U.S. President also called off a military strike on Iran stating that he was not seeking a war with Iran. read...

IEA’s Oil Market Report for 2020

Industry Trend

IEA’s Oil Market Report for 2020

24/06/2019 - The International Energy Agency (IEA) has launched its oil market report for 2020. The report predicts that there will be plenty of non-OPEC supply growth which will be available to meet any likely level of demand. Also, the OPEC countries will be sitting on 3.2 mb/d of spare capacity. read...

Neste and Lyondell Basell Start Commercial-Scale Production of Bio-Based Plastic

Germany: Renewable Materials

Neste and Lyondell Basell Start Commercial-Scale Production of Bio-Based Plastic

23/06/2019 - Neste and Lyondell Basell jointly announce the first parallel production of bio-based polypropylene and bio-based low-density polyethylene at a commercial scale at the production site in Wesseling, Germany. read...

BASF and Sibur Team Up to Create Innovative Polymer Solutions

Russia: Memorandum of Cooperation

BASF and Sibur Team Up to Create Innovative Polymer Solutions

21/06/2019 - BASF and Sibur will aim at developing an innovative range of polymers using the plastic additives offered by BASF. The unique solutions are expected to be created at Sibur’s Polylab R&D Center in Moscow, Russia. read...

40 Billion Dollar Ratnagiri Refinery Relocates to Raigad

India: Project Update

40 Billion Dollar Ratnagiri Refinery Relocates to Raigad

21/06/2019 - Protests by locals in the Ratnagiri region have led the Mahrashtra Government in India to relocate the gigantic project to the neighbouring district of Raigad. The new site is around 10,000 acres and is being identified as a better option than the former Ratnagiri land. read...

Petrofac Collaborates with Marginal Field to Maximise Recovery

UK: Gas Resources

Petrofac Collaborates with Marginal Field to Maximise Recovery

21/06/2019 - Under the terms of the agreement, Petrofac and Marginal Field Development Company will join forces and operate gas to wire facilities for recovering marginal gas fields in the UK. The move is expected to maximise economic recovery and support the country’s clients. read...

Eastman to Takeover Inacsa

Spain: Cellulosic Yarn

Eastman to Takeover Inacsa

20/06/2019 - Eastman Chemical Company has plans to acquire cellulosic yarn producing firm Industrias del Acetato de Celulosa (Inacsa). Under the terms of the agreement, Eastman intends to takeover the entire yarn business including Inacsa’s plant and assets in Spain. read...

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