Page 157 - CW E-Magazine (31-10-2023)

News from Abroad

into monomers, the raw materials for in cosmetics original development
plastic. manufacturing (ODM), to “build the
cooperation model for cosmetics con-
SK Chemicals and ELCs plan to tainer proposal” with sustainable plas-
gradually increase the amount of re- tic materials applied.
cycled materials in their products and
replace other non-recyclable materials In March, SK Chemicals had esta-
with designs that incorporate recycla- blished a subsidiary, SK Shantou, and
ble or recycled materials, helping to signed an asset acquisition agreement
move ELC’s packaging sustainability related to the circular recycling raw
goals forward. which holds the highest market share in material and circular recycled PET
the Korean cosmetics container market, business of Shuye, a Chinese company
Similar to the deal with ELCs, SK to develop and commercialise contai- specialising in green material, thereby
Chemicals, had in March this year, ners using recycled materials. In June, establishing a global base for recycled
signed a business agreement with Yon- the company signed another business plastic business and stable production
woo, a subsidiary of Kolmar Korea, agreement with Cosmax, a global leader system.
BASF boosts ethylene oxide and derivatives production

at Antwerp

Germany’s BASF has expanded range of applications such as in deter-
capacities for ethylene oxide (EO) and gent and cleaning, automotive and
ethylene oxide derivatives (EODs) at construction industry.
its Verbund site in Antwerp, Belgium,
as it looks to support growing customer “With the new plants we are sup-
demand in the home care and industrial porting the continuous growth of
& institutional industry, as well as for our customers and are enhancing
industrial applications. our market position in Europe,” said
Mr. Hartwig Michels, President Petro-
The investment adds about 400-ktpa chemicals, BASF.
to BASF’s production capacity for the capacity for purified EO. In addition to
corresponding products. The invest- EO, the investment includes additional The expanded EO and derivatives
ment, exceeding €500-mn, comprises a capacities for alkoxylates, which are complex is also a major investment for
second world-scale EO plant, including derivatives of EO and used in a wide the site in Antwerp.

PROJECT FINANCING
Global Bioenergies gets French Govt. funding

for building isobutene plant

France-based chemical firm, Global of the ‘France 2030’ plan, the French dustry to gradually reduce its dependence
Bioenergies, has said it has been awarded Government has decided to help finance on oil, “without sacrificing performance
€16.4-mn by the French Government – the project to build a 10-ktpa plant for and without the need to adapt existing
in the form of a subsidy (60%) and a isobutene and derivatives. The new plant equipment and facilities.” In August,
repayable advance (40%) – to help fund is due to start operating in 2027. Global Bioenergies announced that it was
construction of the “world’s first bio- accelerating the ramp-up of its production
sourced” isobutene plant. Global Bio- Global Bioenergies said its “unique capacities to respond more quickly to de-
energies specialises in the conversion technology” for producing isobutene mand from the cosmetics industry before
of plant-derived resources into chemi- from natural resources will allow the moving on to the production of aviation
cal compounds. Under Bpifrance’s cosmetics industry to increase the natural- fuels. L’Oréal is the largest shareholder
“Première Usine” call for projects as part ness of its formulas and the aviation in- in the company with a 13.5% stake.

Chemical Weekly October 31, 2023 157

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