Sulfuric Acid News
- May 2022: WeylChem International GmbH completed the acquisition and integration of INEOS Sulfur Chemicals Spain SLU, the leading Spanish sulfur chemicals arm of INEOS enterprises. The acquired business comprises a state-of-the-art facility of 350,000 tons annual capacity for producing sulfuric acid in Bilbao. The newly integrated sulfur business now operates under 'WeylChem Bilbao.'
- July 2021: Boliden group laid out the expansion plan of its Odda zinc smelter in western Norway for an investment of EUR 700 million (~USD 737.81 million). The Odda facility, intended to boast 350,000 tons/year capacity, following the planned capacity build-up by 75%, would include a new roaster, a new sulfuric acid plant, and a new cell house. The already existing leaching and purification plant and the foundry and quay infrastructure are also to be expanded and modernized. The expansion is set to be completed in 2024.
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- January 2023: Kingboard Holdings Limited announced that the company's unit, Hebei Kingboard Energy Development Co., Ltd., plans to submit the "Environmental Impact Report of Hebei Kingboard Energy Development Co., Ltd. Acetic Acid Expansion and Transformation Project" for approval, and the entire content of the environmental impact study is accessible.
- June 2022: Hebei Kingboard Energy Development Co., Ltd. announced the beginning of construction of an acetic acid facility with a capacity of 29,80 tons per year. The CNY 23.20 billion (USD 3.6 billion) project was based on a 35,20 tons/year carbon capture and recycling project to establish a high-value-added carbon neutrality demonstration park for innovative chemical materials and realize low-carbon development.
- In December 2022, according to the most recent Securities & Exchange Commission filing, Ritholtz Wealth Management increased its position in CF Industries Holdings, Inc. by 99.9% during the third quarter. After acquiring an additional 11,176 shares during the quarter, the business now owned 22,368 shares of the basic materials company's stock.
- In June 2022, CF Fertilisers UK Limited announced plans to restructure its operations in the United Kingdom. CF Fertilisers UK intends to focus its production operations in the United Kingdom entirely at the Billingham manufacturing facility in Teesside. Billingham has a sizable volume of ammonia and nitric acid industrial contracts that pass on natural gas costs to consumers, laying the groundwork for lucrative operations.
- In November 2022, NYNAS AB introduced Nypol RE, a new polymer-modified bitumen with some biogenic materials which increases its service life along with low environmental effect over other bitumen products.
- In May 2021, ExxonMobil has restarted its bitumen production plant in Singapore. The plant has a production capacity of about 100,000-120,000 tons/month of bitumen.
- In September 2022, Exxon Mobil announced the expansion of its portfolio of healthcare solutions to meet changing medical needs for healthy and safe material options. The portfolio includes ExxonMobil Isopropyl Alcohol (IPA) with other performance polymers and specialty polymers, targeting various applications, including medical supplies, infection protection products, and pharmaceutical and laboratory supplies.
- In December 2021, Tokuyama Corporation announced a joint venture with SK Geo Centric Co., Ltd. (SKGC) to produce 30000 tpa IPA in Korea. With demand for IPA expected to rise due to the expanding semiconductor market, the venture aims to sell high-purity IPA to the electronics industry.
- In September 2022, Arkema announced a price increase of hydrogen peroxide in Europe. This step was taken to manage the increasing energy prices in Europe.
- In July 2022, Solvay announced the building of high-grade production facilities for electronic-grade hydrogen peroxide in Arizona, United States. The production is likely to begin in 2023.
- In October 2022, GE Healthcare's Pharmaceutical Diagnostics business announced a long-term agreement with Sociedad Quimica y Minera de Chile S.A. (SQM) to secure its supply of iodine, a key ingredient for contrast media products used in X-Ray and Computed Tomography (CT) procedures globally.
- In August 2021, EverstoneCapital, a Singapore-based private equity major, announced that it had acquired CalibreChemicals Pvt. Ltd for a reported sum of USD 100 million.
- In February 2022, IOI Oleo, the parent company of IOI Oleo GmbH, partnered with DKSH. DKSH will provide business development, marketing, sales, logistics, and distribution services for IOI Oleo's oleochemical specialties in Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam.
- In September 2021, ABITEC signed an amended agreement with DKSH to distribute specialty lipids into new markets and regions across Europe. The deal strengthens an existing relationship between the two companies and aims to help grow and expand their presence in these emerging markets.
- November 2022: Petronas moved forward with the construction of a new methanol facility, which is slated to add 1.75 million tons of production capacity to the company's already operational 2.4 million tons of methanol production capacity. The project, which is set to complete in March 2023, is located in Bintulu Sarawak, Malaysia.
- February 2022: Linde announced the expansion of its existing agreement with Celanese Corporation to supply carbon dioxide and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas, to produce methanol. This agreement will help the company to reduce its carbon footprint during its operation, which will contribute to the preservation of the environment, helping the company strengthen its business portfolio.
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