At the AGM the executive committee has to report on the activities and explain the plans for the next period. There were some proposals for the members to decide upon. First of all it was proposed and decided to move the legal address from Brussels to The Hague at the address of our management assistance company LeJeune. Secondly a number of amendments to the constitution were proposed and accepted.
At our mini symposium Manuel Asali of Nexant and Kees Aartsen of Sabic gave presentations about the world behind the (possible) investments from the Far and Middel East to Europe. Both presentations are available for members on our website. Crucial in Nexant's presentation is the price of oil and the tendency for oil producers to also invest downstream. Nexant envisioned that most investments will follow the FMT logic (Feedstock, market and technology). Mergers and acquisitions will be the main tools for new investors. From the Sabic story it became clear that companies want to be present in the markets with production of oil derivatives and are looking for partners in the same field. The most valued part of any takeover is the experience and knowledge of the personel involved and especially the latter is an eye opener as far as the existing value propositions are concerned.
The chemical park Huelva is much more impressive if you see what is going on over there and we had a perfect view from the bus followed by sightseeing the park from a catamaran
Oxea to Expand Global Production Capacity for TCD Alcohol
Oxea has decided to further expand its production capacities for TCD Alcohol in Oberhausen, Germany to meet market demand. The additional capacity to be available by the second half of 2021.
SCS members Trinseo and INEOS Styrolution plan commercial scale polystyrene chemical recycling plant with Agilyx in Europe
First-of-a kind full commercial polystyrene recycling plant. Follows promising depolymerization results of post-consumer polystyrene waste. Forms part of SCS’ commitment to drive European styrenics...
Oxea Expands its Production Network and Builds new Plant for Carboxylic Acids in Oberhausen,Germany
The new unit is the sixth of its kind in Oxea’s global production network. Once brought on stream by the end of 2021, it will double the current production capacity for isononanoic acid and increas...
Tata Chemicals to Build UK's Largest Carbon Capture & Use Plant at Northwich industrial site
Tata Chemicals Europe (“TCE”) has unveiled plans to build the UK’s first industrial-scale Carbon Capture & Utilisation (“CCU”) Demonstration Plant, which will reduce its carbon emissions, whilst en...