INEOS acquires major concrete additives business from Sika

INEOS acquires major concrete additives business from Sika

MOSCOW (MRC) -- INEOS Enterprises has today signed an agreement to acquire MBCC Group’s Admixture Business from Sika AG, said the company.

The admixture business is a leading producer of concrete additives essential for the construction industry, with well invested operations across 35 manufacturing sites and sales of around USD1 billion.

The business employs more than 1600 people, which produce and supply a broad chemicals portfolio for concrete manufacturing and underground construction, across the US, Canada, Europe, Australia and New Zealand.

The deal which is part of a required remedy process for Sika to acquire the MBCC Group, is subject to regulatory approvals and is targeted to complete in the first half of this year.

The deal will maintain the level of innovation, services and quality in chemical admixtures available to concrete producers.

Thomas Hasler, CEO of Sika: “The agreement with INEOS Enterprises marks a key milestone in Sika’s acquisition of MBCC Group. I am convinced that we have found a long-term home for the MBCC Group’s Admixture business. The perfect new owner who will further develop the business together with a talented and driven MBCC Group team. At the same time, Sika has taken a tremendous leap forward on its path to joining forces with MBCC Group and together we will strengthen our growth platform further.”

We remind, INEOS and SINOPEC have completed two of the four significant petrochemical deals announced earlier this year. The two deals are: SECCO joint venture. INEOS has acquired 50% of Shanghai SECCO Petrochemical Company Limited. ABS joint venture. INEOS and SINOPEC have also established a 50:50 joint venture for ABS (Acrylonitrile Butadiene Styrene), based on INEOS’ world leading proprietary ABS Technology.

ALPLA on course for success with record turnover of EUR5.1 bn

ALPLA on course for success with record turnover of EUR5.1 bn

MOSCOW (MRC) -- The ALPLA Group can look back on a successful financial year 2022 in spite of the crisis, said the company.

Sales of 5.1 billion euros exceeded the previous year’s figure by 27.5 per cent. In addition to the company’s growth strategy, the record turnover reflects the significantly higher costs for energy, materials, staff and transport. In 2023, the packaging and recycling specialist will focus on expanding its injection moulding capacities, investing in recycling, expanding its Pharma division and researching alternative materials.

ALPLA continued its international growth trajectory in 2022, expanding production capacities, increasing staff numbers and posting sales growth of 27.5 per cent. The international specialist for packaging solutions and recycling therefore achieved a positive annual result despite massive increases in energy prices and a shortage of raw materials. Newly opened sites, acquisitions and expansions resulted in more than 1,000 additional employees. The number of plants increased from 177 to 190.

‘The packaging industry will be dealing with high costs, changes in demand and changing consumer behaviour for a long time to come. We use efficiency, innovation and recycling expertise to realise safe, affordable and sustainable plastic solutions in times of crisis too,’ emphasises ALPLA CEO Philipp Lehner. In addition to targeted acquisitions, the key factors contributing to the success were close and long-standing partnerships, strong regional roots and the expedited expansion of recycling capacities.

The long-term aim is for the company to grow by four to five per cent annually. In addition to capacity expansions in its core business, ALPLA is also planning strategic investments in injection moulding, increased involvement in the pharmaceutical sector and the expansion of the global circular economy. At the same time, there will be research into alternative, bio-based and biodegradable materials. ‘We are striving for long-term sustainable growth, strengthening our global presence, promoting recyclable products, minimising the use of resources and energy consumption, and expanding our portfolio,’ announces Lehner.

The focus is primarily on the growth markets of Africa, the Middle East, Asia and North America. In the area of recycling, ALPLA has been investing more than 50 million euros annually in capacity expansions and technology development since 2021. For there to be more packaging which is both recyclable and affordable, closed loops and sufficient materials are needed. ALPLA is therefore planning to double the annual production of recycled materials at its own plants by 2026 and is supporting the development and optimisation of local collection systems around the world.

We remind, the packaging and recycling specialist ALPLA has realised a carbon-optimised prototype solution as a showcase for future products with its innovative Canupak beauty care packaging. The ultralight packaging system with a bottle made entirely of recycled HDPE (rHDPE) underscores the company’s global sustainability strategy. ALPLA is therefore offering its customers further potential to reduce emissions as well as expertise for future developments.

Sumitomo Bakelite Europe NV acquires ISCC PLUS certification

Sumitomo Bakelite Europe NV acquires ISCC PLUS certification
MOSCOW (MRC) -- Sumitomo Bakelite Co., Ltd., announced that Sumitomo Bakelite Europe NV (SBE), subsidiary company in Belgium, has become the first member of our group to obtain international sustainability carbon certification/ISCC PLUS (International Sustainability and Carbon Certification) certification for its phenolic resins, said the company.

The ISCC (International Sustainability and Carbon Certification) is already recognized worldwide as a certification system for the processing of biobased and bio-circular materials and is widely used in Europe.

The ISCC PLUS certification, for which SBE was recently certified, is a certification system that manages and secures products such as biomass raw materials and recycled raw materials manufactured by the mass balance method* in the supply chain.

After obtaining ISCC PLUS certification, products manufactured with sustainable ingredients assigned by the mass balance method can be sold with the ISCC certification mark specified for each sustainable raw materials, and it is possible to prove that the raw materials are sustainable by ensuring transparency in the supply chain.

We remind, Sumitomo Bakelite, a Japanese plastic products and phenolic resin producer, has disclosed that its China arm, Sumitomo Bakelite (Suzhou), has decided to buy new land and construct a new facility to expand its production capacity for semiconductor packaging materials. Sumitomo Bakelite estimates that it now holds the largest global market share (nearly 40%) for Sumikon EME, epoxy resin moulding substances for encapsulation of semiconductor devices. The planned project will increase China capacity by 1.3 times. The firm intends to finalize the installation of the building and production line in FY 2023 and begin production in early FY 2024. Nearly $45 M will be spent on the project, including buildings, land, manufacturing lines, and ancillary units.

China petrochemical plant shut after deadly explosion

China petrochemical plant shut after deadly explosion

MOSCOW (MRC) -- China's Panjin Haoye Chemical Co Ltd has shut down its entire oil refinery and petrochemical complex after an explosion on Sunday killed five people and left eight missing, according to trade sources and a local consultancy, said Reuters.

The explosion occurred at 3:13 p.m. (0713 GMT) on Sunday at Panjin Haoye while workers were carrying out maintenance work at an alkylation facility, Chinese state television reported earlier on Monday.

Calls to Panjin Haoye for comment went unanswered. The death toll increased from two to five by Monday evening.

The company is an independent refinery and chemical producer in the city of Panjin in Liaoning province in northeastern China.

Thirty people were also lightly injured, according to the initial TV report, which said a fire resulting from the explosion has been brought under control.

We remind, Saudi Aramco's new projects in South Korea and China highlight the power giant's goals to expand its chemicals business, as it attempts to achieve net zero emissions by 2050. On 9 Dec 2022, the world's top crude oil producer inked a memorandum of understanding (MoU) with China-based Shandong Energy Group to jointly work on incorporated petrochemical and refining opportunities in the eastern region.

AkzoNobel fined after toxic chemical released into Devon river

AkzoNobel fined after toxic chemical released into Devon river

MOSCOW (MRC) -- The company, owned by multi-national AkzoNobel, were found guilty on 2 charges following a 9-day hearing at Plymouth Crown Court last October in a prosecution brought by the Environment Agency, as per Gov.UK.

The company had denied both offences relating to the discharge of hazardous waste from a tank located on the quay at its Newton Ferrers paint testing facility. At today’s sentencing hearing, the company was fined GBP650,000 and ordered to pay costs of GBP144,992.

The Environment Agency launched an investigation after the company tried to sell the premises in 2015 and possible pollution had been reported. International Paint Ltd manufactured paints, including anti-fouling paints for ships, and had run a testing facility on the River Yealm at Newton Creek near Newton Ferrers since 1928. The estuary is a Special Area of Conservation due to its rich flora and fauna.

Since the 1970s formulations containing tributyltin (TBT) had been used as a coating to prevent the build-up of animals and plants on ships’ hulls. But it proved to be so toxic to the wider marine environment that it was banned from use on small vessels in the UK in the late 1980s and was banned completely worldwide during the 2000s. One drop of TBT in an Olympic sized swimming pool equals one part per trillion (PPT). The safe level of TBT is 0.2 PPT or a fifth of a drop.

The Environment Agency’s investigation found evidence that the chemical, along with copper, arsenic and mercury, had been present in sediment in a tank at the site and some of the sediment had escaped out into the estuary. A bung on another tank was found to have come out leaving it open to the estuary before it was eventually permanently sealed with concrete.

Leading expert, Dr Michael Waldock, carried out a review of sample analysis results from sediment from the tank and from the adjacent estuary for the Environment Agency. He found that 9 out of 11 samples exceeded the safe limit for TBT and that, close to the site, one sample contained 80,000 times the safe level. He concluded that the TBT levels in the estuary were sufficient to have the potential for a major toxic effect on marine life.

We remind, AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies.