The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
July 13, 2022
Huntsman Corporation
50m
Today, #Huntsman #Polyurethanes associates and customers gathered in Geismar, Louisiana, to celebrate the safe completion of our new MDI splitter. Chairman, President and CEO Peter Huntsman was onsite to cut the ribbon, officially opening the new plant. #EnablingPossibilities
July 13, 2022
Huntsman Corporation
50m
Today, #Huntsman #Polyurethanes associates and customers gathered in Geismar, Louisiana, to celebrate the safe completion of our new MDI splitter. Chairman, President and CEO Peter Huntsman was onsite to cut the ribbon, officially opening the new plant. #EnablingPossibilities
July 13, 2022
Covestro breaks ground for Shanghai polyurethanes plant
By Mary Page Bailey | July 8, 2022
Covestro AG (Leverkusen, Germany) broke ground on two new plants in Shanghai to meet the rising demand for polyurethane dispersions (PUDs) and elastomers. These new facilities, which represent a combined investment of a mid double-digit million euro amount, will be located within the Covestro Integrated Site Shanghai.
“These projects will contribute to the high-quality and sustainable development in China and beyond,” said Holly Lei, President of Covestro China. “They will also add to the scale and strength of our Shanghai site, which will be playing a key role in the quest of Covestro to becoming operational climate neutral by 2035.”
The new plant for PUDs, as well as a further line for polyester resins, from which PUDs are produced, are due to be completed in 2024. PUDs are used in more environmentally compatible coatings and adhesives for a wide range of applications, including automotive, construction, furniture, footwear and packaging. Independent of Covestro’s investment in Shanghai, its large portfolio of waterborne polyurethane coating raw materials based on PUDs for various applications also includes products of the Baybond, Impranil, NeoPac and NeoRez series.
“With the new investment, we will be even better positioned to address the rising demand for more environmentally compatible coatings and adhesives across the globe,” said Zhong Xiaobin, Senior Vice President of the Coatings and Adhesives segment of Covestro in the Asia Pacific region. “As one of the global leaders in this segment, we will continue to tap the trend where our customers turn to more sustainable waterborne systems with equally good properties to replace solvent-based products.”
The new facility for polyurethane elastomers, which are widely used in industries ranging from offshore wind to solar energy as well as material handling, is expected to become operational already in 2023. The market for these flexible and durable materials in China and the Asia-Pacific region is growing faster than both gross domestic product and downstream industries.
“The new facility for polyurethane elastomers will ensure that we have a strong capacity to meet the needs of our customers,” said Simon Chen, Head of Covestro’s Elastomers segment in Asia Pacific. “Our Desmodur based polyurethane elastomers will serve a wider range of applications as they boast excellent performance, particularly in the field of sustainable energy.”
July 13, 2022
Covestro breaks ground for Shanghai polyurethanes plant
By Mary Page Bailey | July 8, 2022
Covestro AG (Leverkusen, Germany) broke ground on two new plants in Shanghai to meet the rising demand for polyurethane dispersions (PUDs) and elastomers. These new facilities, which represent a combined investment of a mid double-digit million euro amount, will be located within the Covestro Integrated Site Shanghai.
“These projects will contribute to the high-quality and sustainable development in China and beyond,” said Holly Lei, President of Covestro China. “They will also add to the scale and strength of our Shanghai site, which will be playing a key role in the quest of Covestro to becoming operational climate neutral by 2035.”
The new plant for PUDs, as well as a further line for polyester resins, from which PUDs are produced, are due to be completed in 2024. PUDs are used in more environmentally compatible coatings and adhesives for a wide range of applications, including automotive, construction, furniture, footwear and packaging. Independent of Covestro’s investment in Shanghai, its large portfolio of waterborne polyurethane coating raw materials based on PUDs for various applications also includes products of the Baybond, Impranil, NeoPac and NeoRez series.
“With the new investment, we will be even better positioned to address the rising demand for more environmentally compatible coatings and adhesives across the globe,” said Zhong Xiaobin, Senior Vice President of the Coatings and Adhesives segment of Covestro in the Asia Pacific region. “As one of the global leaders in this segment, we will continue to tap the trend where our customers turn to more sustainable waterborne systems with equally good properties to replace solvent-based products.”
The new facility for polyurethane elastomers, which are widely used in industries ranging from offshore wind to solar energy as well as material handling, is expected to become operational already in 2023. The market for these flexible and durable materials in China and the Asia-Pacific region is growing faster than both gross domestic product and downstream industries.
“The new facility for polyurethane elastomers will ensure that we have a strong capacity to meet the needs of our customers,” said Simon Chen, Head of Covestro’s Elastomers segment in Asia Pacific. “Our Desmodur based polyurethane elastomers will serve a wider range of applications as they boast excellent performance, particularly in the field of sustainable energy.”
July 13, 2022
Chemical Deal Results
| Seller | Buyer | Business | Date |
|---|---|---|---|
| EverZinc (OpenGate Capital) | US Zinc (Aterian) | zinc oxide, zinc dust, and zinc metal products used in the tire, chemical, coatings and agriculture markets | 2nd Quarter 2022 |
| Noramco | Pharmaron Beijing | API site in Rhode Island | 2nd Quarter 2022 |
| DSM/Firmenich | Firmenich/DSM | merger of the 2 companies (animal nutrition, perfume and delivery, food and beverage, health and nutrition) – $13,000s combined | 2nd Quarter 2022 |
| Noble Gas Solutions | Air Water America | specialty gases, medical gases and industrial gases | 2nd Quarter 2022 |
| Cary Compounds | Geon (SK Capital) | PVC compounds | 2nd Quarter 2022 |
| Johnson Matthey | Nano One Materials | Battery Materials Canada (LFP facility in Canada) – $8v | 2nd Quarter 2022 |
| DSM | Lanxess/Advent JV | Engineered Materials (polyamides (PA6, PA66) as well as various specialty materials (PA46, PA410) and specialty polyesters as well as PPS) – €1,500s/€3.700v | 2nd Quarter 2022 |
| Alliance Adhesives | Applied Adhesives (Arsenal Capital) | regional supplier of adhesives and dispensing equipment solutions located in FL | 2nd Quarter 2022 |
| Trecora | Balmoral | high purity hydrocarbons and other petroleum-based products (including isopentane, normal pentane, isohexane and hexane) and synthetic waxes – $301s/$247v | 2nd Quarter 2022 |
| United Gilsonite Laboratories | Sika | coatings for consumer and DIY waterproofing applications | 2nd Quarter 2022 |
| Seller | Buyer | Business | Date |
|---|---|---|---|
| Lonza | Microsize | particle size reduction and control plant in PA | 2nd Quarter 2022 |
| OC Flavors | Shore Capital | natural and organic-compliant liquid and powdered flavors | 2nd Quarter 2022 |
| Perstorp | Petronas | acquisition of whole company (solutions with focus on the Resins & Coatings, Engineered Fluids and Animal Nutrition markets) – €1,334s/€2,300v | 2nd Quarter 2022 |
| HIG Capital | SK Capital | Valtris (plastic additives) | 2nd Quarter 2022 |
| Benjamin Moore | Gemini Coatings | Lenmar® Wood Finishes & Coatings | 2nd Quarter 2022 |
| Arsenal Capital (CPS Performance Technologies) | Cadre Holdings | Cyalume Technologies (light sticks) – $25s/$35v | 2nd Quarter 2022 |
| Carmelina Capital | SK Capital | Florachem (natural plant-based ingredients including citrus, pine, and specialty rosin resins) | 2nd Quarter 2022 |
| Mosaic Materials | Baker Hughes | carbon-dioxide capturing materials based on metal-organic frameworks | 2nd Quarter 2022 |
| Health Wright Products | IFF | custom formulations, encapsulation and packaging for the dietary supplement industry | 2nd Quarter 2022 |
| DSM | Avient | Protective Materials (including Dyneema brand high strength fiber) – $415s/$1,485v | 2nd Quarter 2022 |
http://www.chemicaldeals.com/Results.aspx?searchtext=&quarter=2nd+Quarter+2022
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