Rhodia and Lyondell Chimie TDI SCA, a subsidiary of LyondellBasell Industries, announced that they completed the sale of their Isocyanates businesses to the Perstorp Group. This divestment includes Rhodia’s aliphatic Isocyanates activity and Lyondell’s aromatic Isocyanates business. These activities are essentially based in Pont-de-Claix (France), in Freeport (USA) and together employ around 680 people.
PCG completes acquisition of Perstorp
Perstorp announced that it has been acquired by PETRONAS Chemicals Group Berhad (PCG), Malaysia´s leading integrated chemicals provider and part of PETRONAS Group, on 11 October 2022. In May this year, PCG signed a Securities Purchase Agreement with Financière Forêt S.à.r.l, a company under ... more
Perstorp to be acquired by PETRONAS
Perstorp Group said that it is to be acquired by PETRONAS Chemicals Group Berhad (PCG). PCG announced that it has signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a com ... more
Perstorp announces sale of its BioProducts business
Perstorp announced the sale of Perstorp BioProducts, a leading producer of biodiesel and glycerine in Scandinavia, to a Swedish investor together with a member of the subsidiary’s management team. The terms of the transaction were not disclosed. The sale includes the production site in Fred ... more
The Perstorp Group is a world leader in several sectors of the specialty chemicals market. Few chemical companies in the world can rival its 125 years of success. Today we have a rich performance culture distilled from our long history and extensive knowledge in the chemical industry. That ... more
Roquette and Rhodia Acetow have signed a Joint Development Agreement (JDA) to develop new plant-based polymers. The JDA will enable both companies to leverage synergies bringing together respective competencies in the field of plant-based polymer chemistry. Jean Bernard Leleu, Deputy CEO an ... more
Rhodia and Avantium to jointly develop biobased polyamides
Rhodia, member of the Solvay Group, and Avantium announced that they have entered into a partnership to jointly develop a range of new bio-based polyamides targeting a variety of applications. This partnership expands and completes the previously announced development agreement in the field ... more
Total success of Solvay recommended tender offer for Rhodia
Solvay and Rhodia announced the success of Solvay's tender offer on Rhodia for EUR 31.6 per share and American Depositary Share or ADS (equivalent in USD) and EUR 52.32 (after adjustment) per bond convertible into and / or exchangeable into new or existing shares (OCEANE).The French financi ... more
LyondellBasell and LEGO holding invest in APK to develop recycling technology
LyondellBasell and KIRKBI A/S, the family-owned holding and investment company of the LEGO® brand, announce they have signed an agreement to make an investment in APK, which specializes in a unique solvent-based recycling technology for low density polyethylene (LDPE). APK aims to increase ... more
LyondellBasell and 23 Oaks Investments, Leiferde/Lower Saxony, Germany, signed an agreement to create Source One Plastics, a joint venture that will build an energy efficient, advanced plastic waste sorting and recycling facility in Germany. Using renewable energy from wind and biomass, the ... more
LyondellBasell Appoints Peter Vanacker as Chief Executive Officer
LyondellBasell announced that the Board of Directors has appointed Peter Vanacker, President and CEO of Neste Corporation, as its new Chief Executive Officer. Mr. Vanacker succeeds Bhavesh V. "Bob" Patel, who will retire from the Company on December 31, 2021, as previously announced. Mr. Va ... more
