India Epoxy Resins News

Related Plastics, Polymers, and Elastomers Industry News

• December 2023: SIBUR's Nizhnekamskneftekhim completed the upgrade of its halobutyl rubbers (HBR) capacities by ramping them up from 150 to 200 kilotons. About RUB 8 billion (USD 85.5 million) was spent on this upgrade project, which installed six new HBR production units and revamped 16 existing ones.
• May 2023: Arlanxeo announces planned to build a rubber production plant in Jubail, Saudi Arabia, with an annual capacity of 140,000 metric tons. This plant will be part of the USD 11 billion Amiral complex planned by Saudi Aramco and Total Energies to produce two elastomers, including ultra-high cis polybutadiene (NdBR) and lithium butadiene rubber (LiBR).
• May 2023: Hankook Tire and Kumho Petrochemical entered into a memorandum of understanding (MoU) to collaborate on advancing environmentally friendly tires by utilizing eco-solution-polymerized styrene-butadiene rubber (eco-SSBR).
• April 2023: The Hainan-based subsidiary of China Petroleum and Chemical Corp., Hainan Baling Chemical New Material Co., Ltd, announced the launch of its latest project focused on the production of Styrene-Butadiene Copolymer (SBC) in Hainan, China. The annual production capacity of 170,000 tons will make Sinopec the world's largest producer of SBC plants.
• March 2023: The Saudi Arabian Oil Company (Aramco) completed the USD 2.65 billion acquisition of Valvoline Inc., a provider of automotive and industrial solutions, through one of its wholly-owned subsidiaries.
• December 2022: Korea Kumho Petrochemical Co. (KKPC) announced plans for a series of synthetic rubber expansions at its production facilities in South Korea, including its plan to expand its Solution Styrene-Butadiene Rubber (SSBR) capacity to 123 Kilo-Tons Per Annum, which was scheduled to be completed by the end of 2023.

• June 2022: BASF SE increased the production capacity for its highly efficient curing agents and chain extenders in epoxy and polyurea applications for the wind, electrical, composites, adhesives, and flooring industries.
• February 2022: Westlake Chemical Corporation acquired the global epoxy business of Hexion Inc. for an approximate value of USD 1.2 billion in an all-cash transaction. The acquisition helped the company in expanding its epoxy resin portfolio.

• December 2022: Sumitomo Chemical started constructing a new pilot facility for chemical recycling of acrylic resin (polymethyl methacrylate or PMMA) at its Ehime Works in Niihama City, Ehime Prefecture, Japan. The company aims to accelerate the development of a circular system for acrylic resin, from collecting used acrylic resin to recycling the collected resin into a monomer material and its use as the final product.
• November 2022: Arkema received the International Sustainability and Carbon Certification-PLUS (ISCC+) certification for a range of bio-attributed acrylic monomers and specialty acrylic additives and resins.

• June 2023: PetroChina Guangxi Petrochemical Company announced the license of the LyondellBasell polyethylene technology at its facility in Qinzhou City, Guangxi, China. The Lupotech process technology would produce mainly low-density polyethylene (LDPE) with ethylene vinyl acetate copolymers (EVA).
• February 2023: Celanese Corporation announced the completion of an ultra-low capital project to repurpose existing manufacturing and infrastructure assets to unlock additional ethylene vinyl acetate (EVA) capacity at its facility in Edmonton, Alberta. This expansion resulted in a 35% growth in the EVA capacity of the plant.

• February 2022: Kemira announced the initiation of full-scale production of its newly developed polymer-based (polyacrylamide) on biobased feedstock. With this production, Kemira further strengthened its position as the provider of sustainable chemistry solutions for water-intensive industries.
• January 2022: Solenis acquired 100% of the outstanding shares of SCL GmbH (“SCL”), which produces DMA3, a primary raw material for cationic polyacrylamide production. The aim of this acquisition was to help Solenis fulfill a strategic insourcing objective and support Solenis’ polyacrylamide strategic global growth plan.

• February 2022: Kemira announced the commencement of the full-scale production of bio-based polyacrylamide. The development will help Kemira strengthen its position as a significant provider of sustainable chemistry solutions for water-intensive industries.

March 2023: SLB (Schlumberger Limited) introduced the EcoShield geopolymer cement-free system, which can reduce the CO2 footprint of constructing a well. This new technology eliminates up to 85% of embodied CO2 emissions in comparison to conventional well-cementing systems that use Portland cement. The EcoShield system has the potential to prevent up to 5 million metric tons of CO2 emissions annually, equivalent to removing 1.1 million cars from the road per year.

• May 2023: Bosk Bioproducts was granted an "OK Compost" and "OK Biobased" certification by TÜV Austria for its REGEN bioplastics range of products. The company's products are now industrially compostable as well as four-star biobased certified.
• March 2023: The government of Canada funded the Afri-Plastics Challenge initiative, which is aimed at reducing the amount of plastic waste both on land and in the ocean in and around the African continent. As a part of this challenge, bioplastics made from invasive plants from Lake Victoria were amongst the recipients of GBP 4 million (USD 5.07 million) in funding to reduce plastic pollution.

• May 2023: Sulzer signed an agreement with major lactic acid producer Jindan New Biomaterials to facilitate the production of polylactic acid (PLA). Jindan aims to utilize Sulzer's licensed PLA technology at its new manufacturing plant in Henan Province to produce up to 75 kilotons of PLA per year, mainly to be used for food packaging, molded goods, and fiber production.
• March 2022: Sulzer was selected by the Yangzhou Huitong Biological New Material to supply technology and key equipment for its polylactic acid (PLA) production facility in Jiangsu Province, China. The facility will have a production capacity of 30 kilotons per year. Sulzer Chemtech agreed to offer design and provide lactide purification, polymerization, devolatilization, and post-reaction proprietary technologies as part of the licensing agreement and also include extensive service support.

• October 2022: Braskem announced its plan to expand the production of its I'm greenT biopolymers at its production facility in Brazil. The company is investing an amount of USD 60 million in expanding its I'm green biopolymer production capacity by 30%.
• September 2022: Bioreset invested more than BRL 2 million (0.42 USD million) to develop bioplastics at its production facility installed in Jacareí. The company has set up a pilot plant in partnership with large companies and is preparing to start a facility with a production capacity of more than 100 tons of organic bioplastic pellets starting in 2023.