Energy & Power
The companies featured on PressReleaseFinder are active in several industries.
17 May 2022
Sustainable Specialty Chemicals provider Perstorp Group to be acquired by PETRONAS Chemicals Group
Perstorp Group, a leading sustainability-driven global specialty chemicals company, today said that it is to be acquired by PETRONAS Chemicals Group Berhad (PCG). PCG announced today that it has signed a Securities Purchase Agreement on 14 May 2022 to acquire the entire equity interest in Perstorp Holding AB. The agreement was signed with Financière Forêt S.à.r.l, a company under PAI Partners, a European private equity firm.
3 Mar 2022
Perstorp and Project Air renew EU application for major green chemistry investment
Sweden’s leading chemistry group Perstorp, and partner companies Fortum and Uniper, today submitted an EUR 97 million application to the EU Innovation Fund for Project Air. This unique project aims to build a production facility for sustainable methanol in Stenungssund, Sweden, which could reduce global CO2 emissions by 400,000 tonnes, equivalent to approximately 1% of Sweden’s territorial emissions.
Beaulieu International Group (B.I.G.) announces further price increases for its flooring product brands to take effect in the second quarter of 2022, or as contract terms allow.
Perstorp Group greenhouse gas emissions reduction targets have been approved by the Science Based Targets initiative, meaning they are consistent with levels required to meet the goals of the 2015 Paris Agreement. The targets covering greenhouse gas emissions from Perstorp’s operations (Scopes 1 and 2*) are consistent with reductions required to keep warming to 1.5°C, the most ambitious goal of the Paris Agreement.
Solvay and Trillium Renewable Chemicals have signed a letter of intent to develop the supply chain for bio-based acrylonitrile (bio-ACN). Trillium will supply Solvay with bio-ACN from Trillium’s planned commercial asset, and Solvay will evaluate bio-ACN for carbon fiber manufacturing as part of its long-term commitment to developing sustainable solutions from bio-based or recycled sources. The aim of this partnership is to produce carbon fiber for use in various applications such as aerospace, automotive, energy, and consumer goods.
Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, today announced, announces several new Q4 2021 product launches designed to put safety, reliability and flexibility at the forefront in enterprise and industrial environments