Contents ↘ July 3–10, 2023 ↘ For more, visit chemweek.com ↘ Issue: 185 ↘ number: 15 ↘7 NUEMANN: Brenntag trims, restructures. ↘17 DE VREEZE: Quarter two results volatile. ↘52 SOLANA: Advancing next-gen chemicals. ↘54 VREE: Nouryon CFO has passed away. On the cover ↘25 Collective commitment: Responsible Care charts course for sustainable future The program’s commit-ment to continuous improvement shows no signs of slowing with the recent decision to add sustainability metrics as a program requirement. Business & Finance United States/Americas 10 ACC: US chemicals output 10 Chemtrade puts ultrapure 13 More companies see destocking, soft demand in Q2 13 EPA outlines new PFAS evaluation framework 13 Chemours, DuPont, finalize PFAS settlement 15 BASF, Yara partner on blue ammonia project on US Gulf 15 Mitsui & Co. buys 70% of Nutrinova from Celanese 15 Air Liquide sells stake in Hydrogenics to Cummins sulfuric acid JV on hold to decline in 2023 23 New construction • • • • Aramco, TotalEnergies start constructing Amiral at Jubail Sasa Polyester to license UOP process for large-scale PDH unit in Turkey Cepsa to construct world’s first sustainable IPA plant in Spain Huayou Cobalt to build $1.5B cathode materials facility in Hungary Specialties growth to continue Cumene long on weak fundamentals ↘ 31 M&A cools down 33 Specialties • 34 Basic Chemicals & Plastics • 5 Newsbriefs • • • • • • Unipar invited to begin due diligence toward Braskem acquisition Nova, Plastic Energy mull advanced recycling in Canada LyondellBasell invests in Carbon Neutrality Fund Reports: Adnoc and OMV in Borealis-Borouge merger talks Air Liquide eyes French home healthcare revamp, job cuts Brenntag trims board, plans major strategy update this fall Europe/Mideast 17 DSM-Firmenich to restructure 52 Companies • vitamin assets, Q2 earnings to fall 17 ICL warns of possible cut to 2023 EBITDA guidance on potash price 19 Yara stalls clean ammonia IPO, eyes capacity closures in Europe 19 Borealis acquires Italy-based recycled polypropylene producer Cepsa Química’s next chapter Departments 3 Viewpoint 54 Key changes 56 CW75 Top of the week 9 Government-backed fund to of Lavéra petchem JVs Asia/Pacific 21 Arkema buys 54% stake in South 21 Mitsui Chemicals to split Korea’s PI Advanced Materials Mitsui Chemicals Tohcello 9 Ineos to buy TotalEnergies out acquire Japan’s JSR for $6.3B chemweek.com July 3–10, 2023 | Chemical Week | 1
Chemical Week July 3/10: Page 1
