K 2022 - Trend Report Europe
European plastics industry braces for increased instability, higher prices, and lower growth
Chemical industry
News Plastech
Lanxess and Advent to acquire Engineering Materials business from DSM
Specialty chemicals company Lanxess and Advent International, one of the largest and most experienced global private equity investors with a well established track record in chemicals investings, are establishing a joint venture for high-performance engineering polymers.
SABIC launches new upcycled resin made with ocean-bound plastic waste
SABIC, a global leader in the chemical industry, today introduced LNP ELCRIN WF0061BiQ resin, a novel material that uses ocean-bound polyethylene terephthalate (PET) bottles as a feed stream for chemical upcycling into polybutylene terephthalate (PBT) resin.
Akro-Plastic appoints IMCD as the official distributor in Europe for all its compounds
Akro-Plastic GmbH announces that it has selected IMCD Group, a leading distributor of speciality chemicals and ingredients, as its new distribution partner in Europe.
Wacker opens regional Innovation Center in the USA
Wacker Chemie AG opened a new regional Innovation Center based in Michigan, USA.
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Solvay and Carbios demonstrate enzymatic depolymerization in PET/PVDC barrier film
Unique recycling technology helps the industry close the loop on PVDC-coated PET films.
BASF to wind down activities in Russia and Belarus except for business that supports food production
As announced on March 3, 2022, BASF has not conducted new business in Russia and Belarus, in light of the war of aggression against Ukraine ordered by the Russian government. BASF strongly condemns the Russian attack on Ukraine and the violence against the civilian population.
Lanxess at the composites show JEC World 2022
During its appearance at JEC World 2022 in Paris, Lanxess will be primarily focusing on the megatrends of electromobility and sustainability.
Lanxess increases sales and earnings in fiscal year 2021
Lanxess closed fiscal year 2021 successfully. Despite immense increases in energy, raw material and freight costs, the specialty chemicals company significantly improved its sales and earnings.
BASF to increase capacity for plastic additives in Europe
BASF will increase production capacity for its hindered amine light stabilizers (HALS) at sites located in Pontecchio Marconi, Italy and Lampertheim, Germany.
SABIC collarborates with Kraton for certified renewable butadiene
The new collaboration with Kraton will deliver certified renewable butadiene from SABIC’s Trucircle portfolio for use in Kraton’s certified renewable styrenic block copolymers (SBC).
