Will the third time be the charm for the Abu Dhabi National Oil Co. (ADNOC) in its attempt to take over Covestro? Reuters reported on Friday that Covestro has entered into open-ended discussions with ADNOC regarding the takeover after two of Covestro’s top 15 investors recommended talks in the interest of shareholders. After an initial offer in the mid-50 euro per share in June, the Middle Eastern energy giant upped…
La Verne, Calif.-based medical supplier Marman Industries has invested about $2 million to expand its operations as it’s seen “double digit annual growth for the last three years.”
Democrats in the House and Senate want to make National Park Service policies against single-use plastic part of federal law.
Berry Global Group Inc. announced today the initiation of a formal process to evaluate strategic alternatives for its Health, Hygiene, and Specialties segment (HH&S). HH&S supplies nonwovens, specialty films, and tapes to a range of end markets, including healthcare, hygiene, consumer, building and construction, and industrials. Options for HH&S under consideration by Berry include, but are not limited to, a sale, strategic partnership or joint venture, spin-off to shareholders, or…
Officials with Pacur in Oshkosh, Wis., said that the use of the Eastman material “is an important step to contribute to a more circular future and divert landfill-bound plastic waste.”
By the time 2023 comes to a close, real plastics shipments probably will have decreased by 3% compared with 2022 and employment will have fallen by 2.2%, according to Perc Pineda, PhD, chief economist at the Plastics Industry Association (PLASTICS). To put those negative numbers in perspective, however, it’s worth noting that the value of shipments — shorthand for sales, according to Pineda — increased 2.6% in 2022 and 1.8% in…
LyondellBasell reports that it has begun consultations with territorial trade unions in Italy regarding management of potential redundancies resulting from the closure of one of its two polypropylene production units at its Brindisi location. The unit in question is the oldest of its kind in the world and has become uncompetitive, according to LyondellBasell. “The market environment for our polypropylene products of this Brindisi unit has become increasingly challenging, and…
Harrington officials say it is poised for growth in semiconductors, water and wastewater management, life sciences, food and beverage processing.
Citrate esters have an excellent toxicological and eco-toxicological profile, but also provide good versatility and compatibility with numerous polymers.
The American Chemistry Council (ACC) has picked Ross Eisenberg, its current vice president of federal affairs, to lead the ACC’s Plastics Division, effective Sept. 18. The leadership position has been vacant since June 2023, when Joshua Baca left the ACC. In a prepared statement, ACC President and CEO Chris Jahn touted Eisenberg’s qualifications to “carry the torch on plastics advocacy and bring us closer to a more circular and sustainable…