AkzoNobel, Evonik to form German chlor-alkali JV

MOSCOW (MRC) -- AkzoNobel and Evonik Industries have joined forces to build and operate a new membrane electrolysis facility for potassium hydroxide solution and chlorine in Germany, the companies announced in the press-releases.

Start-up is expected by the end of 2017.

The 50-50 joint venture involves the construction and operation of a dedicated plant at AkzoNobel's existing site in Ibbenburen. It will have an annual nameplate capacity of around 130,000 tons of potassium hydroxide solution and 82,000 tons of chlorine. This will strengthen the leading market positions of both companies, according to project officials.

Financial details were not disclosed.

AkzoNobel will take over commercialization of chlorine and hydrogen at the new plant, and will process these products directly at the Ibbenburen site. Evonik will take over the potassium hydroxide solution for commercialization and processing at its own site in Lulsdorf. This is where Evonik processes potassium hydroxide solution into potassium carbonate (potash).

All production of chlorine, potassium hydroxide and caustic lye using mercury-based amalgam electrolysis has to stop by the end of 2017 due to legislative requirements. The planned new membrane electrolysis plant will use a sustainable process which has a more positive environmental profile.

As MRC informed earlier, both companies entered into negotiations to build a membrane electrolysis facility at AkzoNobel's site in Ibbenburen (Germany) in July 2014.

Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world.

Akzo Nobel N.V., trading as AkzoNobel, is a Dutch multinational, active in the fields of decorative paints, performance coatings and specialty chemicals. Headquartered in Amsterdam, the company has activities in more than 80 countries, and employs approximately 55,000 people.
MRC

Clariant opened the consumer care competence center in Singapore

MOSCOW (MRC) -- Clariant, a world leader in Specialty Chemicals, has announced the opening of the Consumer Care Competence Center under its Business Unit Industrial & Consumer Specialties (ICS) to be located in Singapore, as per the company's statement.

The new Consumer Care Center will be connected to a worldwide network of marketing, application and technology experts able to provide unique ideas and solutions to solve customers unmet needs in the region. An opening of the application laboratory is a unique approach to interact with customers in Personal & Home Care to develop claim for tomorrow's megatrends in Asia Pacific.

"The launch of our Competence Center for the personal care and home care market is another big step forward in building closer collaboration with our customers in the region. It also demonstrates our full commitment to pursuing innovation excellence through local capability," remarked Francois Bleger, Regional Head of Clariant South East Asia and Pacific.

As MRC reported earlier, in April 2015, Clariant, a world leader in Specialty Chemicals, acquired the black pigment preparations portfolio of Lanxess, located at Nagda, Madhya Pradesh. This product line of Lanxess manufactures black pigment preparations used for processing of viscose fibre, which goes in the manufacture of mainly viscose-based apparels, knitwear, towels, bed-linen, etc. With this acquisition, Clariant in India gains additional pigment preparation capacity to cater to a larger, wider customer base.

Clariant in India has local pigment production activities at its Roha (Maharashtra) and Cuddalore (Tamil Nadu) sites. In the year 2014, Clariant invested in the expansion of its Roha pigments facility, thus strengthening its commitment to India.

DuPont announces effectiveness of The Chemours Company Form 10 Registration Statement

MOSCOW (MRC) -- DuPont has announced that the US Securities and Exchange Commission has declared effective the Registration Statement on Form 10 of The Chemours Company, as per the compnay's press release.

The Registration Statement on Form 10 includes information regarding the business and spin-off of Chemours, which is expected to be completed on July 1, 2015. In addition, on June 12, 2015, the New York Stock Exchange authorized Chemours for listing on the exchange, with "regular way" trading to commence on July 1, 2015.

As previously announced, on June 5, 2015, the DuPont board of directors declared a pro rata dividend to DuPont common stockholders of record as of 5:00 p.m. ET on June 23, 2015. As a result, on July 1, 2015, DuPont common stockholders will receive one share of common stock of Chemours for every five shares of DuPont common stock they hold on the record date. Prior to July 1, DuPont will mail an Information Statement containing information about Chemours and the spin-off to DuPont common stockholders as of the record date.

Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing. Chemours has approximately 9,000 employees across 37 manufacturing sites serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Del.

As MRC wrote previously, The Chemours Co., the company to be created by the spinoff of Dupont's Performance Chemicals unit, has named the eight members of its board of directors,

DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
MRC

PTTGC restarted LLDPE plant in Thailand after maintenance

MOSCOW (MRC) -- PTT Global Chemical (PTTGC), Thailand's largest petrochemical maker, has restarted a linear low density polyethylene (LLDPE) plant following maintenance turnaround, as per Apic-online.

A Polymerupdate source in Thailand informed that the plant restarted on June 17, 2015. It was shut in the second week of May 2015.

Located at Map Ta Phut, the plant has a production capacity of 400,000 mt/year.

As MRC informed previously, PTTGC is in plans to shut a high density polyethylene (HDPE) plant for maintenance turnaround in mid-June 2015. It is likely to remain off-stream for around 2 weeks. Located at Map Ta Phut in Thailand, the plant has a production capacity of 300,000 mt/year.

PTT Global Chemical is a leading player in the petrochemical industry and owns several petrochemical facilities with a combined capacity of 8.45 million tonnes a year.
MRC

Hanwha to shut LDPE/EVA swing plants in South Korea

MOSCOW (MRC) -- Hanwha Chemical is in plans to shut two low density polyethylene/ethylene vinyl acetate (LDPE/EVA) swing plant for maintenance turnaround, as per Apic-online.

A Polymerupdate source in South Korea informed that while one plant is planned to be shut in September 2015, the other is likely to be shut in October 2015. Both are planned to remain off-stream for around 5-10 days.

Located at Ulsan and Yeosu in South Korea, the plants have a combined production capacity of 427,000 mt/year.

As MRC wrote previously, in November 2014, South Korea's Samsung Group said it was selling stakes in four chemical and defence firms for 1.9 trillion won (USD1.72 billion) to Hanwha Group, the latest move in the massive task of restructuring the country's largest conglomerate.

Hanwha Group, South Korea's 10th-largest conglomerate, said separately the acquisitions would boost its petrochemicals and defence-related businesses, and add around 12 trillion won in sales based on 2013 figures.
MRC