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Pic: Ashland
US’ Ashland posts sales of $644 million in Q3 FY22

28th Jul 2022

Ashland posted sales of $644 million in the third quarter of 2022, up 19 per cent versus the prior-year period. Each of the company’s reportable segments achieved double-digit sales growth. The year-over-year sales growth was driven primarily by disciplined pricing leading to cost recovery in a high-inflation environment and improved product mix.

Pic: Dangote
Nigeria to become Africa’s petrochemical hub with $2 bn plant

27th Jul 2022

Multinational industrial conglomerate Dangote Industries Limited has announced that its $2 billion plant in Lagos, which has the potential to position Nigeria as one of Africa’s largest petrochemical hubs, is at an advanced stage of completion. The plant is anticipated to be the biggest single train greenfield petroleum refinery in the world.

Pic: 123rf.com
EU slaps anti-dumping duty on glass fibre imported from China, Egypt

20th Jul 2022

After the US ban on Xinjing cotton, European Union has slapped anti-dumping duty on import of glass fibre rovings yarn and fabrics from China and Egypt. According to a notification issued by Commission of Implementing Regulation (EU), glass fibre imported from China will attract up to 69 per cent Andi-Dumping Duty (ADD) from July 20, 2022.

Pic: Hypetex
UK’s Hypetex attracts £1.25 million for coloured carbon fibre

18th Jul 2022

Hypetex, UK’s manufacturer of coloured carbon fibre, has attracted £1.25 million in new equity investment and welcomes two experienced business leaders as investors and advisers to the company. The investment is the latest round of Hypetex’s seed funding, led by 24Haymarket, which will support ambitious growth plans and help scale the business'...

Pic: Shutterstock
Advanced Polyolefins to fund construction of 3 plants in Saudi Arabia

7th Jul 2022

Saudi Arabia’s Advanced Petrochemical Company has announced that Advanced Polyolefins Industry Company has signed various Islamic facility agreements worth 6.1 billion Saudi riyals ($1.6 billion) with a consortium of financial institutions to finance the construction of three plants – PDH, PP and IPA plants – at the Jubail Industrial City II.

Heartland Petrochemical Complex, Fort Saskatchewan Alberta, June 2022. Pic: CNW Group/Inter Pipeline Ltd
Canada’s Inter Pipeline commissions Heartland polypropylene facility

6th Jul 2022

Inter Pipeline Ltd, which owns and operates energy infrastructure assets in Western Canada, has successfully commissioned its polypropylene (PP) plant and has begun initial production. Branded Heartland Polymers, the operation is the only one of its kind in North America, offering the market one of only two new sources of PP in over a decade.

Pic: Freudenberg
Germany’s Freudenberg endorses sustainable Eco-Check label products

24th Jun 2022

Germany’s Freudenberg Performance Materials, a supplier of technical textiles, is endorsing further, particularly sustainable products with its Eco-Check label introduced last year. These products comply with various environmental criteria. With immediate effect, five more solutions bear the label making the company’s commitment to sustainability...

Pic: PR Newswire
Wacker opens innovation centre & regional headquarters in Ann Arbor

13th May 2022

Wacker, a pioneer and global leader in chemical R&D and manufacturing, recently held a grand opening of its new innovation centre and regional headquarters in Ann Arbor. Corporate leadership hosted Michigan Governor Gretchen Whitmer, along with several other state, county and township officials, in conducting a ribbon-cutting ceremony and touring the...

Pic: Deutsche Institute für Textil- und Faserforschung
DIFT’s German researchers replace toxic chemicals in tires & belts

14th Apr 2022

Researchers at Germany’s DITF are showing ways to replace the harmful formaldehyde used in the manufacturing of tires and conveyor belts, with technically equivalent substances that are harmless to health. In the established manufacturing process, adhesion promoters made of resorcinol-formaldehyde-latex (RFL) are used to improve the adhesion properties.

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