By 2024, Arkema aims to generate sales of €10-11 billion (approximately $10.9-12 billion) for the specialty materials businesses.
April 8, 2020
Arkema recently announced its ambition to become a world leader in specialty materials realigned around three coherent businesses: Adhesive Solutions, Advanced Materials, and Coating Solutions.
The transaction is expected to be finalized during the second quarter, after which Nouryon will gradually move production to its site in Rotterdam.
April 8, 2020
Nouryon recently announced that it has entered into an agreement to acquire Sasol’s merchant triethyl aluminum business, including its specialty fleet of returnable cylinders.
Kelly Pippine has more than 20 years of marketing, commercial, and technical experience in specialty materials.
April 3, 2020
Emerald Kalama Chemical recently announced that it has appointed Kelly Pippine vice president, Marketing and Technology, a new role focused on driving innovation, building growth strategies for key markets, and leading product stewardship.
The CARES Act establishes a new $349 billion Paycheck Protection Program that will reportedly provide relief to millions of small businesses so they can sustain their businesses and keep their workers employed.
April 2, 2020
Jovita Carranza, Small Business Association (SBA) administrator, and Steven T. Mnuchin, Treasury Department secretary, recently announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need as a result of the COVID-19 crisis.
The silicone materials, including cyclosiloxanes D4 and D5, polydimethylsiloxane oils (PDMS), silanol fluids, functional fluids, emulsions, antifoams, gels, and sealants, will be marketed by IMCD for all specialty market applications.
April 2, 2020
Elkem Silicones recently announced a strategic distribution partnership with IMCD to promote and distribute silicone materials in North America.
Funding will be awarded to eligible Manufacturing USA institutes, a network of 14 public-private partnerships that work with academic and private sector manufacturing organizations on research and development and manufacturing skills training.
April 1, 2020
The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has opened a funding opportunity for rapid, high-impact projects that support the nation’s response to the COVID-19 pandemic.
A new plant, to be owned and operated by Sumitomo, will produce 1,3-diisopropanolbenzene (DIOL) and is due to start production in 2021.
March 30, 2020
Nouryon recently announced that it is expanding its partnership with Sumitomo Chemical to include a new facility that Sumitomo is building at its site in Oita, Japan.
Last year, Covestro put in place a global strategic program to establish the theme of circular economy throughout all areas of the company.
March 27, 2020
Covestro recently announced that it will take a loan with the European Investment Bank (EIB) for €225 million (approximately $243.7 million) to provide medium-term funding to strengthen its R&D work in the areas of sustainability and circular economy within the European Union (EU).