Viscose Staple Fiber News

Related Plastics, Polymers, and Elastomers Industry News

• Jun 2023: BASF SE and Yara Clean Ammonia announced their collaboration for a joint study in order to develop and construct a world-scale low-carbon blue ammonia production facility with a total capacity of 1.2 to 1.4 million tons per annum with carbon capture in the US Gulf Coast region. Through this collaboration, the companies will serve the growing global demand for low-carbon ammonia.
• May 2023: SABIC Agri-Nutrients Company and IFFCO announced their collaboration to bring 5,000 metric tons of certified low-carbon ammonia from Saudi Arabia to IFFCO for fertilizer production. This collaboration will enhance the company's business in the studied market.
• Mar 2023: CF Industries Holdings Inc. signed a definitive purchase agreement for the purchase of the Waggaman ammonia production facility from Incitec Pivot Limited, which has an annual capacity of 880,000 tons annually. Under this agreement, CF Industries will be able to provide 200,000 tons of ammonia annually for up to 25 years to its Dyno Nobel subsidiary.
• Oct 2022: Nutrien Ltd planned a new 'Clean Ammonia' plant and selected thyssenkrupp Uhde as its technology provider and partner. The new plant will have a capacity of 3,500 metric tons/day and be built at Nutrien's Geismar, Louisiana, US facility. The construction of the plant is anticipated to start by the end of 2023.

• January 2023: UBE Corporation announced the expansion of its polyimide hollow fiber production facilities for gas separation membranes at its Ube Chemical Factory and the gas separation membrane module production facilities at its Sakai Factory in order to meet rapidly growing demand, particularly for CO2 separation membranes. Both expanded facilities are scheduled to go online in the first half of fiscal 2025, increasing production capacity by about 1.8 times.
• January 2022: Toray Industries, Inc. developed a polymeric separation membrane module that can selectively and efficiently permeate hydrogen from mixed gases that contain hydrogen. The new module more than halved the carbon dioxide emissions of hydrogen purification processes and the number of modules required.

• February 2023: Eastman Chemical Company acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia-Pacific region. This acquisition demonstrates Eastman's commitment to driving growth in performance films and the paint protection and window film markets. The investment further strengthens the company's ability to deliver consistent, superior value as a specialty materials company and expands the service level in China and the Asia Pacific region. This site will align with Eastman's performance film operations and its high standard of quality supply into the market.
• April 2022: Avery Dennison introduced its all-new Dusted Crystal decorative architectural window film. The frosted film, available in a matte and luster finish, offers privacy while providing a translucent light effect for interior environments using glass to signify specially-designated spaces. The film features a remarkable, first-to-market, wet-apply quick-release adhesive that allows the film to be repositioned during installation and removed easily after drying with virtually no residue left on the glass. Moreover, the film's adhesive doesn't stick to itself, eliminating mishaps when removing the film from its liner before application.

• May 2022: Evonik Industries AG extended a strategic distribution collaboration with Vimal Intertrade and Nordmann in India to produce its VISIOMER specialty methacrylate that will allow faster response and flexibility as support for new market trends.
• August 2021: Dow announced an investment in Methyl acrylate production in the US Gulf Coast to improve reliability and access to raw materials. The new 50-kiloton nameplate capacity of methyl acrylate will be manufactured in St. Charles Operations in Louisiana, USA, enabling global growth with a focus on supplying North American demand.

• July 2022: Mapei SpA inaugurated the third factory at Kosi, Mathura, in India, to increase the construction chemicals production to meet customers' demands. This expansion strengthened the company's business in the country.
• June 2022: Fosroc announced the launch of Nitoflor PAFS, a new and innovative low-odor, taint-free poly aspartic-based high-build floor coating system that finds its application in a wide variety of commercial, residential, and industrial flooring projects. Through the product launch, the company strengthened its product portfolio.

• August 2022: BASF launched Thermoplastic Polyurethane Paint Protection Film from RODIM for improved car paint protection.
• April 2022: Covestro extended its TPU film production in Germany. The new capacity is expected to meet the growing global demand for multilayer TPU Films. It is used in construction, and automotive interiors, among other applications. This new facility is likely to be completed by 2023.

• August 2022: Continental is to use BIOVYN, bio-attributed PVC, from INOVYN to produce its technical and decorative surface materials for its automotive customers. The agreement will help to reduce its carbon footprint and meet customer demand for sustainable bio-based products.
• January 2021: Shintech announced a capital investment of USD 1.25 billion to bolster its integrated PVC business, Shin-Etsu Chemical Co. Ltd, which will further boost the production of Shintech Inc.'s capacity, its US subsidiary. Shintech's PVC production capacity is expected to reach 3.62 million metric tons annually.
• January 2021: Orbia planned to sell its PVC Unit due to demand constraints. However, the final decision on the divestment is yet to be officially revealed.

• August 2022: BASF Venture Capital GmbH, the corporate venture company of BASF SE, Germany, and Aqua-Spark, a Dutch investment fund, is investing in Sea6 Energy Pvt. Ltd. Sea6 Energy is a leader in the production and processing of tropical red seaweed. Sea6 Energy is also working on developing bioplastics and biofuels based on red seaweed.
• April 2022: Trinseo launched MAGNUM BIO ABS for automotive applications. The launch of MAGNUM BIO ABS extends the company's sustainably-advantaged portfolio and supports efforts to deliver sustainable, innovative solutions to customers enabling them to achieve sustainability goals.
• March 2022: ABB technology to automate NatureWorks' new bioplastics plant in Thailand, helping to meet the increasing global demand for sustainable materials. The new site is set to produce 75,000 tons of Ingeo PLA biopolymer per year - an integrated process from fermentation to polymerization enhances supply chain reliability. ABB technology will help improve energy and production efficiency of bioplastic manufacturing, expected to grow over 260% by 2026

• March 2022: Hanwha Solutions has announced that the company is set to split off its advanced materials business and sell a stake in the unit to raise USD 491 million for investments at home and abroad. The sell-off was considered first in November 2021. Private equity firm Glenwood PE has planned to buy a 49% stake in the division for KRW 600 billion (USD 491.4 million), becoming its second-largest shareholder after Hanwha.
• February 2022: Following the settlement of transactions corresponding to the Favorable tender offer made by BEWI in November 2021, BEWI has acquired 121,870 shares of Izoblok, representing 9.62% of the capital share in the country. It is worth noting that BEWI already acquired 54.21% shares of Izoblock in August 2021. With the latest acquisition, BEWI owns a controlling stake of 63.83% in Izoblok.

• September 2022: BASF showcased VALERAS for its plastic additives portfolio. VALERAS adds value to plastic applications by delivering sustainability benefits with additive technical solutions and services, such as accelerating the plastic journey to a circular economy and net zero emissions. Also, these include several antioxidants and light stabilizers.
• March 2022: BASF announced an increase in the production capacity for its hindered amine light stabilizers (HALS) at sites in Italy and Germany. Hindered amine light stabilizers (HALS) find their application as stabilizers in plastics and polymers. BASF's HALS Tinuvin, Chimassorb, and Uvinul are vital in protecting polymers from UV radiation and are effective inhibitors of free-radical-induced degradation.