Under a Letter of Intent signed between Lummus Technology and Phigenesis, the Lummus new hope plastics pyrolysis technology will be used by Phigenesis in its new chemical recycling facility which is expected to have a capacity of 150,000 tons per annum. With the help of this technology, Phigenesis will recycle waste plastics to manufacture petrochemical feedstock materials. The project will significantly increase the current chemical recycling capacity in Europe.

Clariant’s flame retardants facility which is also its first Chinese production plant will be developed at Daya Bay, Huizhou in the Guangdong Province. The move is in line with the firm’s aim of expanding its Exolit OP range of flame retardants in the Asia region and also to meet the growing demand across the electrical and electronic equipment industries in China.

Clariant completed the sale of its Pigments business to a consortium of Heubach Group (“Heubach”) and SK Capital Partners (“SK Capital”). As announced upon signing of the transaction, the base enterprise value of the sale amounts to CHF 805 million subject to closing accounts adjustments and before a potential earn-out payment of CHF 50 million which is subject to the business’ 2021 financial performance.

Kemira has recently increased its annual production of ferric based water treatment chemicals by more than 100.000 tons at Goole, UK. The company had also increased its production of aluminum-based water treatment chemicals by 30.000 tons at Ellesmere Port, UK earlier this year. With this move, the firm intends to strengthen its position in the UK market.

Cummins and China Petrochemical Corporation (“Sinopec Group”) announced the formation of a 50:50 joint venture – Cummins Enze (Guangdong) Hydrogen Technology Co., Ltd (“Cummins Enze”). The joint venture will accelerate the affordability and availability of green hydrogen through increased technological innovation, research and development, and manufacturing capacity.

With an expected capacity of 1 billion lbs. per year, the new C3 splitter unit will be built in Baytown, Texas, USA. The unit will help convert a refinery grade mixture of propylene and propane into a high purity propylene product.

Lanxess has plans to increase the proportion of women in management positions to 30 % across its global operations by 2030 with an aim to promote gender diversity. It’s also undertaking various measures to empower its women employees.

Ametek STC’s M&G line of diaphragm seals helps companies to use instruments to test and measure pressure at high temperatures by providing a blockage between the heated pressure source and the advanced instrumentation.

Reliance Industries Ltd (RIL) and Saudi Aramco have mutually called off the 15-billion-dollar deal under which Saudi Aramco would acquire a 20% stake in the company’s oil-chemicals (O2C) business. The move has been undertaken in the background of RIL’s evolving nature of the business i.e. the company unveiled plans for its new energy & materials businesses under which the firm intends to develop the Dhirubhai Ambani Green Energy Giga Complex at Jamnagar, Gujarat, India, which is a major part of the its oil-to-chemicals (O2C) assets. Now, RIL and Saudi Aramco will re-evaluate the proposed investment in the O2C business.

Nuberg EPC has won a contract by Uzbekistan Hydrogen Peroxide for building a 85 TPD hydrogen peroxide plant in Uzbekistan. The facility will produce 50 % hydrogen peroxide by making use of a high-yield hydrogen peroxide technology and manufacturing process.