IHS Chemical Week
MARKETS

Evonik invests in US nanotech start-up producing engine oil additives

7:00 AM MST | January 18, 2017 | Francinia Protti-Alvarez

Evonik Venture Capital (Hanau, Germany), the venture capital arm of Evonik Industries, has invested in Nanotech Industrial Solutions (NIS; Avenel, New Jersey) and now holds a minority share in the company. Evonik has also gained a seat on the NIS board. NIS...

Braskem starts up UHMWPE plant at La Porte

6:44 AM MST | January 18, 2017 | Francinia Protti-Alvarez

Braskem has started up an ultra-high molecular weight polyethylene (UHMWPE) production plant at the company's La Porte, Texas, site. Braskem sells UHMWPE under the trade name UTEC. The product has been developed and produced through Braskem’s...

Basic Chemicals

Austrian producer declares force majeure on phthalic anhydride

January 18, 2017 | Caroline Fitzgerald

Atmosa Petrochemie (Schwechat, Austria) has declared force majeure on phthalic anhydride (PA) following technical difficulties that began on 17 January at the company's 50,000-metric tons/year unit at Schwechat, IHS Chemical understands. This latest force...

Energy and Feedstocks

Noble Energy triples Southern Delaware acreage with $2.7-billion acquisition

January 17, 2017 | Clay Boswell

Noble Energy (Houston) has agreed to acquire Clayton Williams Energy (Midland, Texas) for $2.7 billion in stock and cash. The deal, which is expected to close in the second quarter, nearly triples the company's holdings in the Southern Delaware Basin...

Industrial Gases

Linde to Acquire Sri Lankan Gases Firm

October 19, 2010 | Deepti Ramesh

Linde says it has offered to acquire all the shares in privately-held Ceylon Oxygen (Colombo, Sri Lanka), and that the offer has been accepted by the major shareholder, Europium, in respect of 95.4% of the shares in Ceylon Oxygen. Ceylon Oxygen, which was...

Plastics

Indorama mothballs PET plant in Turkey on poor demand

January 18, 2017 | Natasha Alperowicz

Indorama Ventures (Bangkok), the global leading producer of polyethylene terephthalate (PET) resin, has mothballed one of its two PET plants in Turkey....

Renewables

Irena and Abu Dhabi Fund for Development announce funding for renewable energy projects

January 16, 2017 | Michael Ravenscroft

The International Renewable Energy Agency (Irena; United Arab Emirates) and the Abu Dhabi Fund for Development (ADFD) have announced funding of $44.5 million for renewable energy projects in developing countries in the Pacific and Africa. The announcement was...

Specialty Chemicals

US researchers use shellfish proteins and PLA to create biodegradable adhesive

January 18, 2017 | Francinia Protti-Alvarez

Researchers at Purdue University (West Lafayette, Indiana) have combined the bonding chemistry of mussel proteins with polylactic acid (PLA). The biodegradable adhesive was created by harnessing the chemistry of compounds called catechols contained in L-DOPA...





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