Caustic Soda News

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• August 2023: Deepak Fertilisers And Petrochemicals Corporation Limited announced the brownfield expansion of nitric acid at Dahej in Gujarat, which is part of its strategic growth journey. Its Board of Directors approved the setting up of a Weak Nitric Acid (WNA) plant with a capacity of 300 KT PA and two Concentrated Nitric Acid (CNA) plants with a total capacity of 150 KT PA.
• July 2023: CF Fertilisers UK Limited, a subsidiary of CF Industries Holdings, Inc., announced a proposal to permanently close the ammonia plant at its Billingham Complex in order to secure the long-term sustainability of its business in the United Kingdom and more efficiently serve its customers in the country. The Company intends to continue to produce ammonium nitrate (AN) fertilizer and nitric acid at the Billingham site using imported ammonia, as it has for the last ten months following its decision to temporarily idle the plant in August 2022.
• December 2022: According to the most recent Securities & Exchange Commission filing, Ritholtz Wealth Management increased its position in CF Industries Holdings, Inc. by 99.9% during the third quarter. After acquiring an additional 11,176 shares during the quarter, the business now owned 22,368 shares of the basic materials company's stock.
• June 2022: CF Fertilisers UK Limited announced plans to restructure its operations in the United Kingdom. CF Fertilisers UK intends to focus its production operations in the United Kingdom entirely at the Billingham manufacturing facility in Teesside. Billingham has a sizable volume of ammonia and nitric acid industrial contracts that pass on natural gas costs to consumers, laying the groundwork for lucrative operations.

• January 2024: Aarti Industries Limited (AIL) has revealed a nine-year extended supply agreement with a global company specializing in pesticide products and solutions, presenting Aarti Industries with a revenue opportunity of approximately INR 300 crore (USD 361 million) over the duration and reinforcing its sulfuric acid portfolio
• May 2022: WeylChem International GmbH completed the acquisition and integration of INEOS Sulfur Chemicals Spain SLU, the leading Spanish sulfur chemicals arm of INEOS enterprises. The acquired business comprises a state-of-the-art facility with an annual capacity of 350,000 tons for producing sulfuric acid in Bilbao. The newly integrated sulfur business now operates under 'WeylChem Bilbao.'

• January 2024: Enerkem announced that it will be retiring its Enerkem Alberta Biofuels (EAB) plant in Edmonton. The facility achieved its main objective of completing the commercial scale-up of Enerkem’s industry-leading technology with more than 15,000 hours of operation producing ethanol and methanol.
• January 2024: Fairway Methanol is a 50-50 joint venture between Mitsui & Co. and Celanese Corporation that began the production of methanol by using carbon dioxide emitted from plants surrounding the venture’s facility.
• January 2024: BASF SE and Envision Energy announced they would jointly develop technology to convert green hydrogen and CO2 into sustainable methanol. Envision Energy will develop its own process using BASF SE's catalyst technology and will then license it to its customers so that they can build larger, sustainable methanol or e-methanol plants.
• July 2023: A joint venture between Enerkem and Dimeta announced that it would initiate feasibility studies for the development of two large-scale projects that would convert waste into renewable and recycled carbon dimethyl ether (DME).
• November 2022: Petronas moved forward with the construction of a new methanol facility, which is slated to add 1.75 million tons of production capacity to the company's already operational 2.4 million tons of methanol production capacity. The project, which was set to be completed in March 2023, is located in Bintulu Sarawak, Malaysia.
• February 2022: Linde announced the expansion of its existing agreement with Celanese Corporation to supply carbon dioxide and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas, to produce methanol. This agreement would help the company reduce its carbon footprint during its operation, contributing to the preservation of the environment and helping the company strengthen its business portfolio.

• Jun 2023: BASF SE and Yara Clean Ammonia announced their collaboration for a joint study in order to develop and construct a world-scale low-carbon blue ammonia production facility with a total capacity of 1.2 to 1.4 million tons per annum with carbon capture in the US Gulf Coast region. Through this collaboration, the companies will serve the growing global demand for low-carbon ammonia.
• May 2023: SABIC Agri-Nutrients Company and IFFCO announced their collaboration to bring 5,000 metric tons of certified low-carbon ammonia from Saudi Arabia to IFFCO for fertilizer production. This collaboration will enhance the company's business in the studied market.
• Mar 2023: CF Industries Holdings Inc. signed a definitive purchase agreement for the purchase of the Waggaman ammonia production facility from Incitec Pivot Limited, which has an annual capacity of 880,000 tons annually. Under this agreement, CF Industries will be able to provide 200,000 tons of ammonia annually for up to 25 years to its Dyno Nobel subsidiary.

• January 2023: Kingboard Holdings Limited announced that the company's unit, Hebei Kingboard Energy Development Co., Ltd., plans to submit the "Environmental Impact Report of Hebei Kingboard Energy Development Co., Ltd. Acetic Acid Expansion and Transformation Project" for approval, and the entire content of the environmental impact study is accessible.
• June 2022: Hebei Kingboard Energy Development Co., Ltd. announced the beginning of construction of an acetic acid facility with a capacity of 29,80 tons per year. The CNY 23.20 billion (USD 3.6 billion) project was based on a 35,20 tons/year carbon capture and recycling project to establish a high-value-added carbon neutrality demonstration park for innovative chemical materials and realize low-carbon development.

• In November 2022, NYNAS AB introduced Nypol RE, a new polymer-modified bitumen with some biogenic materials which increases its service life along with low environmental effect over other bitumen products.
• In May 2021, ExxonMobil has restarted its bitumen production plant in Singapore. The plant has a production capacity of about 100,000-120,000 tons/month of bitumen.

• In September 2022, Exxon Mobil announced the expansion of its portfolio of healthcare solutions to meet changing medical needs for healthy and safe material options. The portfolio includes ExxonMobil Isopropyl Alcohol (IPA) with other performance polymers and specialty polymers, targeting various applications, including medical supplies, infection protection products, and pharmaceutical and laboratory supplies.
• In December 2021, Tokuyama Corporation announced a joint venture with SK Geo Centric Co., Ltd. (SKGC) to produce 30000 tpa IPA in Korea. With demand for IPA expected to rise due to the expanding semiconductor market, the venture aims to sell high-purity IPA to the electronics industry.

• In September 2022, Arkema announced a price increase of hydrogen peroxide in Europe. This step was taken to manage the increasing energy prices in Europe.
• In July 2022, Solvay announced the building of high-grade production facilities for electronic-grade hydrogen peroxide in Arizona, United States. The production is likely to begin in 2023.

• In October 2022, GE Healthcare's Pharmaceutical Diagnostics business announced a long-term agreement with Sociedad Quimica y Minera de Chile S.A. (SQM) to secure its supply of iodine, a key ingredient for contrast media products used in X-Ray and Computed Tomography (CT) procedures globally.
• In August 2021, EverstoneCapital, a Singapore-based private equity major, announced that it had acquired CalibreChemicals Pvt. Ltd for a reported sum of USD 100 million.

• In February 2022, IOI Oleo, the parent company of IOI Oleo GmbH, partnered with DKSH. DKSH will provide business development, marketing, sales, logistics, and distribution services for IOI Oleo's oleochemical specialties in Australia, New Zealand, the Philippines, Taiwan, South Korea, and Vietnam.
• In September 2021, ABITEC signed an amended agreement with DKSH to distribute specialty lipids into new markets and regions across Europe. The deal strengthens an existing relationship between the two companies and aims to help grow and expand their presence in these emerging markets.