Industry: Specialty polymers

Chevron Phillips Chemical enters into a new licensing agreement with Sinopec to construct a 350,000 MT/year HDPE plant Chevron Phillips Chemical Company announced that it has licensed its slurry loop technology to China Petrochemical International Company Ltd. (Sinopec) for the construction of a new 350,000 metric tons per year high-density polyethylene plant. The new loop […]

Borealis joint venture Borouge to expand polyethylene capacity to 580,000 MT/year Borouge, Borealis’ joint venture with ADNOC has announced its plans to expand its existing Borstar capacity and that is considering further expansion to form a world-scale petrochemical complex at Ruwais, Abu Dhabi in the UAE. Building on the successful start-up and first two years […]

Nova Chemicals outlines business improvement initiatives after the third quarter loss of $65 million Nova Chemical Corporation reported a third-quarter loss of $65 million. Approximately $9 million was attributed to the power interruption – as announced earlier. Approximately $10 million was attributed to from expenses associated with the permanent closure of the polyethylene line in […]

Basell to license new Spherizone technology for polypropylene manufacturing Basell announced that the Spherizone process, a new manufacturing technology that significantly and uniquely expands the polypropylene property envelope, is now available for license on a global basis. The Spherizone process is based on MultiZone Circulating Reactor (MZCR) technology that enables the production of more uniform […]

Dow Chemical Company to acquire Celanese acrylics business The Dow Chemical Company and Celanese AG announced that they have reached an agreement for Dow to purchase the acrylics business of Celanese. Dow will acquire Celanese’s acrylics business product line, including intellectual property, inventory, and technology for crude acrylic acid, glacial acrylic acid, methyl, ethyl and […]

Sumitomo Chemical and Mitsui Chemicals dissolve joint polyolefins business Sumitomo Chemical Co., Ltd. and Mitsui Chemicals Inc have agreed to dissolve the business arrangementfor their polyolefins joint venture company, Sumitomo Mitsui Polyolefin Co., Ltd. (SMPO), effective October 1, 2003. Accordingly, SMPO will transfer its marketing and research functions back to both companies, and employees will […]

Dow to idle 900 million pounds of polyethylene capacity Dow Chemical announced that it had begun the process of idling about 900 million pounds of North American PE capacity due to low polyethylene demand, higher feedstock costs and eroding polyethylene margins. Dow began the idling process Aug. 14, and the company said that most of […]

BP and Philips starts up HDPE Plant BP Solvay and Chevron Phillips Chemical have started up their joint 700-million lbs/year high density polyethylene (HDPE) plant at Cedar Bayou, TX. The new plant replaces three lines at Deer Park, TX which had a combined HDPE capacity of 260 million pounds per year. BP Solvay Polyethylene North […]

Eastman & Hanwha announce joint venture development & licensing program for ENERGX technology Eastman Chemical Company, through its Voridian division has announced that it has signed a joint development and licensing agreement with Hanwha Chemical Corp. to further enhance Eastman’s proprietary Energx DCX polyethylene (PE) technology and allow Hanwha to sublicense the technology. According to […]