Italian firm Versalis (Eni) and US-based Genomatica are to jointly develop and license a technology for bio-based butadiene from non-food biomass, with Versalis providing US$20 million funding
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Carbon black growth to be fuelled by demand from auto sector; Asia Pacific region
Global market volume for carbon black is to increase by more than 3.1 million tonnes until 2019, says German research consultancy Ceresana in its latest report on the industry sector.
Trelleborg acquires composites firm
Swedish engineered polymer group Trelleborg has acquired a niche UK-based composites company thus strengthening its position in offshore oil & gas. Trelleborg has, through its business area Trelleborg Offshore & Construction, signed an agreement and finalised the acquisition of Ambler…
Aditya sells carbon black unit to group company
Indian firm Aditya Birla Nuvo has decided to sell its carbon black business to a group company, SKI Carbon Black (India), for about US$26 million as part of its plan to exit the business in the near future. An option…
KKR to acquire Indian Alliance Tire
American private equity company KohlbergKravis Roberts (KKR) is set to purchase a 90% stake in specialised tyre maker Alliance Tire Group from rival private equity fund Warburg Pincus and owner Yogesh Kumar Mahansaria for US$650 million, including a debt of…
Kultevat and KeyGene work on dandelion rubber
US-based biotech company Kultevat and KeyGene, a biotech company from the Netherlands, have entered into collaboration for production of rubber based on the Russian dandelion. This plant has demonstrated potential as a domesticated crop for the US and Europe; the…
Flurosilicone approved for aerospace use
US firm Simrit’s F273 fuel resistant fluorosilicone material has been approved for the aerospace Qualified Product List (QPL). Simrit is the first and currently the only company approved by the Society of Aerospace Engineers and the Performance Review Institute (PRI)…
Avian flu spurs glove sales
THE emergence of the bird flu virus strain, H7N9 in China has surged demand for examination gloves, benefiting the global rubber gloves industry, report said.
Myanmar rubber export earnings slid by US$80 million
MYANMAR’s rubber exports earning swung low by US$80 million, despite an increase in rubber exported this year compared to the previous year, due to the low global rubber price at US$400 per tonne. In a statement by the Myanmar Rubber…
Liberian rubber processors advised to manufacture finished goods
LIBERIAN President Ellen Johnson Sirleaf resounded a challenge to rubber processing companies operating in the country: Shift their focus by considering investing in manufacturing finished products. Sirleaf contended that the country’s export of natural processed rubber may have to be…