NEWS Specialties pay off for PolyOne
PolyOne reported flat group sales for 2019 at $2.86bn but strong growth in both revenues and operating profit in its Specialty Engi- neered Materials division. Robert M Patterson, Chairman, President and CEO, said: “Our investments in composites and other sustainable solutions helped to distinguish our perfor- mance, as Specialty Engi-
Saipem tests reuse technology
Oil & Gas engineering group Saipem has signed a licence agreement with ITEA to develop its technology for chemical recycling of waste plastic. Originally designed for oil&gas applications, the ITEA technology is said to be particularly suited to solid urban waste disposal, including unsorted plastic materials. It uses “flameless oxy-combustion” to convert waste to produces
water, energy and CO2 (which can be captured for industrial use). �
www.saipem.com
neered Materials (SEM) led the way in both Q4 and the full year”. SEM increased revenue
and operating income by 16% and 20% respectively in 2019. Growth in composites and wire and cable applica- tions more than offset lower sales and operating income in Europe and Asia, which he attributed to weaker automotive demand.
During 2019, PolyOne took two further steps towards achieving its specialities focus by selling its PP&S business and concluding its agreement to buy Clariant Masterbatch. The latter is expected to add $1.15 bn to annual revenues. �
www.polyone.com
Right: PolyOne CEO Robert M Patterson
EU vote may end PVC recycling
Members of the European Parliament voted against a derogation proposed by the Commission this month that would have allowed PVC articles to be placed on the market containing con- trolled levels of “legacy
additives”, most notably lead-based stabilisers. The vote goes against
advice from the European chemicals agency ECHA, which has determined in a five-year study that allowing such restricted use was the
best waste management option for long lifetime PVC products such as infrastruc- ture pipe and window profiles.
Industry association
European Parliament vote could block recycling of PVC profiles containing lead stabilisers
VinyPlus said in a statement it “regretted the outcome of today’s vote.” It added that in the absence of alternative options, it will mean much of the PVC recycled within the EU — nearly 740,000 tonnes in 2018 under its own framework — will be diverted to landfill or incineration. Lead stabilisers were phased out across EU27 by 2015 but the long service life of many PVC products mean they will be present in the waste stream for decades.
Chroma Color acquires Plastics Color Corp
Speciality US colour and additive masterbatch supplier Chroma Color, based at McHenry in Illinois, has acquired Plastics Color Corporation. The acquisition includes the Plastics
Color Corp sites at Asheboro in North Carolina and Calumet City in Illinois, where the company produces colour,
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functional additive and custom polymer masterbatch products. Chroma said that the move will
expand its footprint and know-how. “Their presence in medical and phar- maceutical products, food packaging, CPG and construction applications will bring more technologies and know-
COMPOUNDING WORLD | February 2020
how to Chroma,” said CEO Tom Bolger. Chroma Color is owned by private
equity group Arsenal Capital Partners and combines the former Carolina Color, Breen Color, Hudson Color, Polymer Concentrates and Chroma Corporation businesses. �
https://chromacolors.com
www.compoundingworld.com
IMAGE: SHUTTERSTOCK
IMAGE: POLYONE
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