The chemical recycling technology, developed by OMV, converts plastic waste into synthetic feedstock, under moderate pressure and normal refinery operating temperatures, which is then primarily used to produce again high-quality plastics. (OMV)
Austria: Circular Economy

OMV to Set Up Chemical Recycling Demo Plant

The chemical recycling demo plant will be based on OMV’s proprietary ReOil technology and will be built at the Schwechat refinery in Austria. The demo plant with a design capacity of 16,000 t/year will help to scale up the ReOil technology which helps to convert plastics into synthetic feedstock for the petrochemical industry.

Read on
Conrad Keijzer, Chief Executive Officer of Clariant: “We are convinced that the Heubach and SK Capital consortium is the best owner of the Pigment activities and I wish our former colleagues all the best in their new environment.” (Clariant)
Portfolio Transformation

Clariant Completes Sale of its Pigments Business

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.

Read on
At a glance: Plant engineering projects from across the globe. (©Shinonome Studio - stock.adobe.com)
Plant Watch

Top 10 Engineering Projects of November 2021

PROCESS Worldwide brings to you the ‘Top 10 plant engineering projects of November 2021’ from all over the world. Right from building one of the world’s lowest carbon-emitting crackers to developing a new novel methane-reducing feed additive manufacturing plant, find out all the projects making headlines here.

Read on
The project is expected to achieve commercial operation in 3Q 2022 and complete the demonstration by end of 2022. (Pixabay)
South Korea: Landmark Project

Asia Pacific’s First 100 % Hydrogen Pilot Power Plant to be Developed in South Korea

Hyosung has chosen Innio’s ‘Ready for Hydrogen’ engine technology for the first 100 % hydrogen pilot power plant in the APAC region. To be built at the Hyosung Chemical Yongyeon plant in Ulsan, South Korea, the plant will run on hydrogen which is produced as a byproduct at the facility. The demonstration of the project will be completed by the end of 2022 and will achieve commercial operation in 3Q 2022.

Read on