Contribution By Akshay Kedari
December 17, 2018
Global coatings, paints and specialty materials supplier PPG has recently announced that it has entered into a definitive agreement for the acquisition of Whitford Worldwide Company, which supplies nonstick and low-friction coatings for consumer products and industrial applications. Financial terms regarding the transaction were not …
BLL to sell its beverage packaging facilities to Chinese company ORG
December 15, 2018
The American packaging giant Ball Corporation (BLL) has recently announced plans to sell its beverage packaging and end manufacturing facilities to the Chinese packaging company ORG Technology Co. Ltd., in a USD 225 million deal. According to sources familiar with the matter, the overall $225 …
Clariant AG & Eastman sign collaboration agreement on agrochemicals
December 14, 2018
The exclusive collaboration agreement would be for the distribution of Eastman Chemical’s solvent named Tamisolve NxG. The solvent is a highly effective, has low toxicity, and an innovative product developed for the agrochemical industry. Clariant AG (Clariant), a renowned Switzerland-based specialty chemical company, has reportedly …
Exxon’s lubricant network gets Zero Waste to Landfill sanction
December 13, 2018
ExxonMobil has reportedly announced that its network of lubricant blending & packaging plants, has obtained the zero waste to landfill silver level validation from UL. This validation apparently, has made ExxonMobil the first company of petroleum products to receive UL’s validation. For the record, the …
ProChem buys Greenwell Energy Solutions’ specialty chemical business
December 12, 2018
The new merged business will hereby operate under ProChem Energy Services. The combined customer base would take advantage of the enlarged team of field personnel, bigger geographic reach, and enhanced capabilities. ProChem Energy Services has reportedly made it to the headlines for its agreement with …
CPI plans to reduce plastic pollution by working on a new project
December 11, 2018
The Center for Process Innovation (CPI), a science & technology innovation center based in the UK, is reportedly collaborating with industry partners to promote the development of an eco-friendly packaging system. According to a report by The Northern Echo, the CPI is utilizing its polymer …
China ZhenHua subsidiary acquires 4% stake in Adnoc onshore concession
December 10, 2018
Abu Dhabi National Oil Company (Adnoc) has recently announced that one of China ZhenHua Oil’s subsidiary companies has acquired 4 percent stake of the state-owned oil company’s onshore oil concession. Apparently, the stake in question was earlier held by CEFC China Energy Company. Adnoc said …
Amazon to stop selling paint strippers having methylene chloride & NMP
December 7, 2018
Reports confirm that online retail giant Amazon is enforcing a ban on the listing and sale of paint stripper products which contain the solvents n-methylpyrrolidone (NMP) and methylene chloride. The company has confirmed that this policy would commence from March 2019 and will be applied …