NEWS
LyondellBasell completes A Schulman acquisition
LyondellBasell has completed the acquisition of compounding giant A Schulman. The move doubles the size of LyondellBasell’s compounding business and broadens its reach into markets such as automotive, construc- tion materials, electronic goods and packaging. The company said the Schulman business will be combined with LyondellBasell’s existing PP com- pounding asset into a newly created single reporting segment called Advanced Polymer Solutions. Its products include the Catalloy brand of thermoplastic resins and Polybutene-1 resins from LyondellBasell, plus the whole of Schulman’s range of engi- neered composites, powders and masterbatches.
PHOTO: SHUTTERSTOCK Massimo Covezzi, LyondellBasell
Senior Vice-President of R&D, said it is seeking “to create a new and complete plastic waste molecular recycling process. The goal is to develop a high efficiency and clean plastic depoly- merisation process, through catalyst innovation, to transform plastic waste back to the chemical building blocks.” The move follows the polymer
Schulman buy doubles size of Lyondell- Basell’s compounding business
n Separately, LyondellBasell has signed a cooperation deal with the Karlsruhe Institute of Technology (KIT) in Germany to develop technology to convert post-consumer plastic waste into monomers for reuse in polymers.
producer’s recent acquisition of a 50% stake in Netherlands-based Quality Circular Polymers (QCP), which mechanically recycles polyolefins from post-consumer waste streams, and is said to complement it by adding chemical recycling to the company’s technology portfolio. �
www.lyondellbasell.com/advancedpolymersolutions �
www.kit.edu
Black Bear raises €11m for tyre-to-carbon black project
Netherlands-based Black Bear has raised a further €11m to continue the development of its carboni- sation technology for conversion of scrap tyres to carbon black additives. The new investment has been made by banking group ING, Netherlands-
based investment firms 5square and Social Impact Ventures, and the Thailand- based conglomerate SCG, as well as additional contributions from original funders Chemelot Ventures and DOEN Participaties. The funding will allow the company to further develop
its industrial scale prototype production unit at Neder- weert in the Netherlands, which it operates with tyre recycler Kargro. This is already capable of handling 1m tyres annually, produc- ing 5,000 tonnes of carbon black, 3,000 tonnes of steel and 1MWhr of green electricity. “This new consortium
Black Bear Carbon CEO Martijn Lopes Cardozo with tyre raw material
means much more than just fresh capital”, said Black Bear CEO Martijn Lopes Cardozo, “They are strategic partners, who will play a key role in the development of our technology and who will speed up our international roll-out.” �
www.blackbearcarbon.com
4 COMPOUNDING WORLD | September 2018
Invista to build China ADN plant
Invista has announced a more than $1bn investment in a 300,000 tonnes/yr “world scale” plant in China to produce butadiene- based adiponitrile (ADN), a key intermediate for PA 6,6. Construction is targeted for 2020 and production should begin in 2023. The company, which is the world’s largest mer- chant supplier of ADN, said the last world-scale ADN plant was built 35 years ago. It said there is strong Chinese demand for ADN. Over the past five years, it has invested more than $600m in China. �
www.invista.com
www.compoundingworld.com
PHOTO: BLACK BEAR CARBON
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