EVERCHEM UPDATE: VOL. 09 – The Terminator: 2023
In a backyard shed somewhere in middle-America right now, there is a group of tech geeks cooking up their master plans for Skynet 2030.
The Urethane Blog
Mitsui Reducing TDI Capacity
Mitsui Chemicals currently manufactures and sells TDI (Production capacity 120,000 tons per annual) for use as a basic material in the isocyanate chain at the Omuta Works. However, given supply and demand trends in Japan and overseas, Mitsui Chemicals has decided that a reduced output of around 50,000 tons per year will be optimal going forward.
Covestro Commissions Two Low Water Ships
HKG Shipping (Cologne) and materials manufacturer Covestro commissioned a new low-water vessel earlier this month.
Pearl Commissions New Facility in Jeddah
With this new
facility, Pearl is accelerating the implementation of its PearlX2 growth plan set to double the
company’s size over the coming five-year period.
Olin Closing Epoxy Facilities
Olin Corporation (NYSE: OLN) announced today that it has made the decision to cease operations at its Cumene facility in Terneuzen, Netherlands and solid epoxy resin production at its facilities in Gumi, South Korea and Guaruja, Brazil.
Wanhua 2022 Results
The company has become the world’s biggest methylene diphenyl diisocyanate (MDI) supplier, with a combined capacity of 3.05m tonne/year as of late 2022.
LyondellBasell’s World Largest PO/TBA Plant Starts
LyondellBasell (NYSE: LYB) today announces it has successfully started up the world’s largest propylene oxide (PO) and tertiary butyl alcohol (TBA) unit in Texas.
LyondellBasell to Explore Options for EO and Derivatives
Today, LyondellBasell also announces the decision to explore strategic options for its U.S. Gulf Coast-based ethylene oxide & derivatives (EO&D) business.
Univar Solutions Going Private
Univar Solutions Inc. (NYSE: UNVR) (“Univar
Solutions” or the “Company”) and Apollo (NYSE: APO) announced today that funds managed by affiliates of Apollo
(the “Apollo Funds”) have entered into a definitive merger agreement to acquire the Company in an all-cash
transaction that values the Company at an enterprise value of approximately $8.1 billion.
Herman Stone
Herman Stone, whose Jewish family fled Germany when he was 14 years old in 1939, adapted swiftly to American life. He earned a Ph.D. in chemistry at Ohio State University and worked as a researcher for U.S. chemical companies.
Urethane Highlights from Covestro Investors Call
And then my second question is, any comments that you can make around how the competitive landscape in European TDI is evolving on the back of BASF’s announcement?
it would mean that we have 36% lower European capacity on TDI and 9% lower global capacities
