LG Chem is aiming to achieve 50.1 billion dollars in revenue by 2030 by expanding its high-value new businesses of eco-friendly materials, battery materials, and new drugs by more than half. With this, the firm intends to reset itself as a global sustainable science company.

With an aim to meet the growing demand for EV batteries in Europe, Solvay has plans to further expand its PVDF capacity at its site in Tavaux, France. With this move, the site’s capacity will increase by 35 kilotons, thus creating the largest PVDF production site in Europe.

Exxon Mobil has plans to transform its business structure by combining its chemical and downstream companies and centralizing technology and engineering, and other support services. Under the new streamlined structure, the company will be organized along three business lines – Upstream Company, Product Solutions and Low Carbon Solutions which will help the firm to enhance integration, grow value and reduce costs.

PROCESS Worldwide brings to you the ‘Top 10 plant engineering projects of December 2021’ from all over the world. Right from MOL Group and DCM Shriram digitalizing its plant operations to one of the world’s largest polymer production plants set for completion, find out all the projects making headlines here.

French President Emmanuel Macron and Eastman Board Chair and CEO Mark Costa announced Eastman’s plan to invest up to $1 billion in a material-to-material molecular recycling facility in France. This facility would use Eastman’s polyester renewal technology to recycle up to 160,000 metric tonnes annually of hard-to-recycle plastic waste that is currently being incinerated.

PROCESS Worldwide brings to you the ‘Top 10 plant engineering projects of January 2022’ from all over the world. Right from the development of Europe’s most sustainable cracker to Linde starting up the world’s first plant for extracting hydrogen from natural gas pipelines and Microsoft investing 50-million-dollars for building the world’s first alcohol-to-jet SAF plant, find out all the projects making headlines here.

Liquefied natural gas (LNG) is characterised by its high availability at competitive conditions and a lower emission burden compared to the combustion of coal and oil. As it is highly flammable, explosion protection must be guaranteed throughout the entire value chain. R. Stahl supports this sector with explosion-protected products and systems for all process steps from natural gas extraction to liquefaction and transport, all the way through to reconversion and supply.

To support the polymer industry in Asia, Nouryon has begun production of advanced organic peroxides at its greenfield site in Tianjin, China. The site includes three manufacturing facilities which are equipped with the latest safety, energy efficiency, and environmental protection technologies.

The global plastic recycling market stood at 162.5 million tons in 2020 and is forecast to reach 263.08 million tons by 2030, growing at a healthy CAGR of 4.49 % until 2030, according to a report by Research and Markets. Chemical recycling is definitely one of the most popular processes in recent times which will aid the plastic recycling industry to transform into a greener and more sustainable circular economy. In this background, PROCESS Worldwide shares with you the top 5 chemical recycling solutions which have been in the news this year.

Under its updated ESG strategy for 2025, Sibur intends to make at least one of its facility carbon-neutral by 2025. It also plans to facilitate recycling of at least 100 kt of polymer waste every year as part of its own investment projects and joint projects with partners.