
Ineos Inovyn launches 9th Global Award
The awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays.
The awards are designed to recognise pioneering ideas and showcase the vital role vinyl plays.
Brazilian chemical group Unipar Carbocloro will modernize its chlor-alkali plant in Cubatão, Brazil, with electrolyzer technology from Dortmund, Germany-headquartered Thyssenkrupp Nucera. The upgrade is scheduled to be completed by the end of 2025. According to Thyssenkrupp, Unipar will invest more than 1 billion reais (about €190 million) in the modernization.
Within the framework of the REACh chemicals legislation, the European Commission said it is implementing previously discussed restrictions on the use of PVC in finished products to protect people and the environment from the toxic effects of lead.
Indian Oil Corp has granted “stage-one” approval for establishing a petrochemical complex at Paradip, Odisha. The estimated cost for the project is $7.4 billion, making it the state-owned group’s largest-ever investment in a single location.
Solvay has now finalized terms to sell its half share in Russian PVC producer RusVinyl to its joint venture partner Sibur.
Solvay has announced it is in “advanced” talks to sell its 50% share of Russian PVC joint venture RusVinyl to partner Sibur. Russian government authorities have given their preliminary clearance for the transaction, which remains subject to several other regulatory approvals.
European private equity group Investindustrial — through subsidiary PVC Europe — has agreed a sale of PVC compounder Benvic to International Chemical Investors Group (ICIG). However, it expects to retain Benvic’s medical activities in Italy.