Company News
January 3, 2023
Brenntag Ends Acquisition Discussions with Univar
Univar Solutions Confirms End to Preliminary Discussions with Brenntag SE; Evaluating Other Indications of Interest
News provided by Univar Solutions Inc.
Jan 02, 2023, 20:45 ET
DOWNERS GROVE, Ill., Jan. 2, 2023 /PRNewswire/ — Univar Solutions Inc. (NYSE: UNVR) (“Univar” or “the Company”), a leading global solutions provider to users of specialty ingredients and chemicals, today confirmed that Brenntag SE has ended its discussions with the Company about a potential transaction. The Company and its Board of Directors are committed to acting in the best interest of its stockholders and will continue discussions relating to other indications of interest that have been received with respect to a potential transaction.
There can be no assurance that the ongoing process will result in any transaction. The Company does not intend to make any additional comments regarding this matter unless and until it is appropriate to do so.
About Univar Solutions
Univar Solutions (NYSE: UNVR) is a leading global specialty chemical and ingredient distributor representing a premier portfolio from the world’s leading producers. With the industry’s largest private transportation fleet and technical sales force, unparalleled logistics know-how, deep market and regulatory knowledge, formulation and recipe development, and leading digital tools, the Company is well-positioned to offer tailored solutions and value-added services to a wide range of markets, industries, and applications. While fulfilling its purpose to help keep communities healthy, fed, clean and safe, Univar Solutions is committed to helping customers and suppliers innovate and focus on Growing Together. Learn more at www.univarsolutions.com.
December 22, 2022
Wanhua Expansion
Wanhua Chemical Group: MDI equipment with annual output of 400,000 tons successfully operates
NBD
22, December, 2022,17:48 GMT+8
NBD AI Bulletin – Wanhua Chemical Group Co Ltd (SH 600309, close price: 91.57 yuan) on December 22 said that the MDI equipment of the company’s majority-owned subsidiary Wanhua Chemical (Fujian) Isocyanate Co Ltd, which has an annual output of 400,000 tons, on December 22, 2022 produced qualified products, achieving successful operation in the first attempt.
In the first half of 2022, the operating income of Wanhua Chemical Group came from chemical raw materials and chemical manufacturing (99%), other industries (0.71%).
Wanhua Chemical Group Co Ltd’s chairman is Liao Zengtai, male, 59 years old, with a master’s degree; The general manager is Kou Guangwu, male, 56 years old, with a master’s degree.
As of press time, the market value of Wanhua Chemical Group Co Ltd was 287.5 billion yuan.
http://www.nbdpress.com/articles/2022-12-22/44070.html
December 22, 2022
Wanhua Expansion
Wanhua Chemical Group: MDI equipment with annual output of 400,000 tons successfully operates
NBD
22, December, 2022,17:48 GMT+8
NBD AI Bulletin – Wanhua Chemical Group Co Ltd (SH 600309, close price: 91.57 yuan) on December 22 said that the MDI equipment of the company’s majority-owned subsidiary Wanhua Chemical (Fujian) Isocyanate Co Ltd, which has an annual output of 400,000 tons, on December 22, 2022 produced qualified products, achieving successful operation in the first attempt.
In the first half of 2022, the operating income of Wanhua Chemical Group came from chemical raw materials and chemical manufacturing (99%), other industries (0.71%).
Wanhua Chemical Group Co Ltd’s chairman is Liao Zengtai, male, 59 years old, with a master’s degree; The general manager is Kou Guangwu, male, 56 years old, with a master’s degree.
As of press time, the market value of Wanhua Chemical Group Co Ltd was 287.5 billion yuan.
http://www.nbdpress.com/articles/2022-12-22/44070.html
December 16, 2022
Bio-Epi
INEOS Inovyn releases new sustainability report, with some ambitious new milestones
- Thursday, December 15, 2022
- INOVYN
- 2021 was a particularly fruitful year for INEOS Inovyn, marked in part by our commitment to reduce our carbon footprint by 33% before 2030 and reach net zero by 2050.
- In 2021, INEOS Inovyn deployed efforts focused on circularity, widening its panel of products made of bio-sourced materials, investing in the development of solutions for advanced recycling of PVC and supporting over 30 local charities and community organisations.
- INEOS Inovyn has been boosting its green hydrogen plans and plans to invest EUR 2 Billion to further cement its position as the European leader on this strategic market.
INEOS Inovyn has published its second sustainability report on 15 December 2022. The new report outlines the steps taken by INEOS Inovyn in 2021 to make our industry more sustainable through our four pillars: responsible production, carbon neutrality, circularity and value to society.
With this report, INEOS Inovyn further acknowledges its responsibility as a world leading PVC producer when it comes to changing mindsets and challenging existing practices along the whole value chain. The report sheds light on various achievements and projects, including:
- Comprehensive Net Zero Carbon Roadmaps across all sites to reach carbon footprint targets. Critical projects to improve the efficiency of our assets have been completed in 2021.
- Project Circle, which sees INEOS Inovyn develop advanced recycling technologies such as chemical recycling to treat PVC from various post-consumer waste streams. This will allow for the inclusion of recycled materials into our product range.
- Further development of bio-sourced products with the launch of REODRIN™ – the world’s first commercially available grade of bio-attributed epichlorohydrin – as well as the expansion of our BIOVYN™ portfolio through extended RSB certification for sites in Sweden and Norway.
- The publication of our first range of Environmental Product Declarations, confirming INEOS Inovyn’s position as the European leader in low-carbon vinyl and chlor-alkali products.
- Acceleration of hydrogen development with project Aquarius, INEOS Inovyn’s first water electrolysis plant at our Rafnes site in Norway, as well as project HyBay which will see INEOS Inovyn ramp up the supply of hydrogen to fuel the UK’s transport.
- Strong support for the launch of VinylPlus® 2030, the European PVC value chain’s 10-year voluntary commitment to sustainable development.
Geir Tuft, CEO of INEOS Inovyn, commented on the report: “2021 was yet another exciting year for INEOS Inovyn. The path towards sustainability is still long, but with each year that passes we demonstrate that our company and the industry at large have the capacity to turn vision into reality.”
The full Report has been prepared in reference to the Global Reporting Initiative (GRI) standards, which create a common language for organisations to report their sustainability impacts. It can be accessed here >> INEOS Inovyn Sustainability Report 2022.
December 16, 2022
Bio-Epi
INEOS Inovyn releases new sustainability report, with some ambitious new milestones
- Thursday, December 15, 2022
- INOVYN
- 2021 was a particularly fruitful year for INEOS Inovyn, marked in part by our commitment to reduce our carbon footprint by 33% before 2030 and reach net zero by 2050.
- In 2021, INEOS Inovyn deployed efforts focused on circularity, widening its panel of products made of bio-sourced materials, investing in the development of solutions for advanced recycling of PVC and supporting over 30 local charities and community organisations.
- INEOS Inovyn has been boosting its green hydrogen plans and plans to invest EUR 2 Billion to further cement its position as the European leader on this strategic market.
INEOS Inovyn has published its second sustainability report on 15 December 2022. The new report outlines the steps taken by INEOS Inovyn in 2021 to make our industry more sustainable through our four pillars: responsible production, carbon neutrality, circularity and value to society.
With this report, INEOS Inovyn further acknowledges its responsibility as a world leading PVC producer when it comes to changing mindsets and challenging existing practices along the whole value chain. The report sheds light on various achievements and projects, including:
- Comprehensive Net Zero Carbon Roadmaps across all sites to reach carbon footprint targets. Critical projects to improve the efficiency of our assets have been completed in 2021.
- Project Circle, which sees INEOS Inovyn develop advanced recycling technologies such as chemical recycling to treat PVC from various post-consumer waste streams. This will allow for the inclusion of recycled materials into our product range.
- Further development of bio-sourced products with the launch of REODRIN™ – the world’s first commercially available grade of bio-attributed epichlorohydrin – as well as the expansion of our BIOVYN™ portfolio through extended RSB certification for sites in Sweden and Norway.
- The publication of our first range of Environmental Product Declarations, confirming INEOS Inovyn’s position as the European leader in low-carbon vinyl and chlor-alkali products.
- Acceleration of hydrogen development with project Aquarius, INEOS Inovyn’s first water electrolysis plant at our Rafnes site in Norway, as well as project HyBay which will see INEOS Inovyn ramp up the supply of hydrogen to fuel the UK’s transport.
- Strong support for the launch of VinylPlus® 2030, the European PVC value chain’s 10-year voluntary commitment to sustainable development.
Geir Tuft, CEO of INEOS Inovyn, commented on the report: “2021 was yet another exciting year for INEOS Inovyn. The path towards sustainability is still long, but with each year that passes we demonstrate that our company and the industry at large have the capacity to turn vision into reality.”
The full Report has been prepared in reference to the Global Reporting Initiative (GRI) standards, which create a common language for organisations to report their sustainability impacts. It can be accessed here >> INEOS Inovyn Sustainability Report 2022.
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