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Evonik Industries AG announced today, that it has completed the activities to acquire the specialty additives business (Performance Materials Division) of Air Products, Inc. for USD 3.8 billion (approximately EUR 3.5 billion) by the end of 2016 as planned. Evonik says that the closing is scheduled for 3 January 2017. All relevant antitrust authorities have approved the transaction and the integration of the acquired business is underway. The transaction financing was completed successfully in September and will consist of the company’s own funds in the amount EUR 1.6 billion, with the other half to be financed by bonds with a nominal value of EUR 1.9 billion.

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Croda International Plc announced that it will invest GBP 27 million at its Hull manufacturing facility in the UK, which will nearly double the existing capacity. According to the company, the investment will enable Croda to satisfy growing demand for its polymer additives through to 2030 and beyond.

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Michelman is featuring a selection of its environmentally friendly binder and surface additive solutions at The Waterborne Symposium (stand 120), being held from 19 – 24 February 2017 in New Orleans, LA, USA. The company is showcasing solutions that enhance the barrier and functional properties of architectural speciality coatings, industrial & maintenance coatings, inks, and overprint varnishes.

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AkzoNobel announced that it will invest EUR 12.6 million in a new research and innovation hub  in Felling, UK. The facility is expected to be operational at the end of 2018 and will be home to more than 100 of the coatings industry's leading scientists and technical experts, who will work on developing protective coatings for the energy, mining, infrastructure and oil and gas industries. The main focus will be on innovations for protecting steel and concrete structures from damage caused by corrosion, abrasion and fire. The innovation hub will also include a testing and simulation facility, the company said.

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Recticel announced that its Insulation division has launched a new technology for the production of rigid polyurethane insulation boards with a thermal conductivity of 0.019 W/mK, offering a 13 % better insulation performance than existing products. The so called Xentro technology will be commercialised in cavity and floor applications under the respective product names Eurowall Xentro and Eurofloor Xentro, said Recticel.

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Feica, the Association of the European Adhesive & Sealant Industry, invites experts to share their knowledge and experience at the 2017 European Adhesive & Sealant Conference and Expo, which takes place at Forte Village in Santa Margherita di Pula, Sardinia, Italy, from 13 – 15 September 2017.

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Effective from 1 March 2017 or as contracts allow, Stepan Polska will increase prices for Stepanpol polyester polyols in Europe by EUR 80 per tonne. According to the company, the increase is necessary due to rising raw material and production costs.  

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Effective from 15 March 2017 or as contracts allow, Stepan will increase prices for Stepanpol rigid polyester polyols in North America by USD 0.09 per pound. According to the company, the increase is necessary due to rising raw material costs.

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With immediate effect, or as contract terms allow, BASF will increase prices for its polymeric Lupranate MDI and standard monomeric 4’4-Lupranate MDI basic products by EUR 200 per tonne in the Western and Eastern Europe region.

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Total world consumption of biopolymers is projected to reach the size of 300 million t in 2016, and to be valued at USD 670 million, according to a new market research from Smithers Rapra. The report The Future of Global Bioplastics to 2021 forecasts that demand for bioplastics will grow at a rate of around 19 % year-on-year in volume terms across the period 2016 – 2021.

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