Borealis introduces new Executive Vice President for Base Chemicals

(Borealis) -- At today's meeting in Vienna, Austria, the Supervisory Board of Borealis, a leading provider of chemical and innovative plastics solutions, has appointed Markku Korvenranta as Executive Vice President for Base Chemicals. He succeeds Gerd Lobbert who assumes responsibility for the Polyolefins Business Group. Both changes will be effective on October 1, 2010.

Markku Korvenranta has over 20 years of experience with Borealis and its predecessor companies in various finance and business roles in Finland, Denmark, Belgium and Austria. In his most recent position at Borealis he was Senior Vice President Olefins & Sourcing responsible for the feedstock and olefins businesses as well as procurement. His recent previous leadership positions include Vice President Business Planning and Analysis and Vice President of the Business Unit Phenol and Aromatics. Between October 2006 and May 2007 Markku Korvenranta was acting Chief Financial Officer. He was born in Finland in 1966 and is married with three children.

⌠During his time with Borealis, Markku has gained broad experience in a variety of key roles in the financial and commercial arenas, says Borealis Chief Executive Mark Garrett. ⌠With his knowledge and capability, I am convinced he will help us to successfully drive this important part of our business forward. In addition, he will continue to lead procurement providing continuity in important supplier relations and ongoing development activities.

Borealis' Executive in CIS Roman Romanov is going to participate in Russian Polymers Summit on October 14, 2010, organized by ICIS and MRC. For more information please refer to http://www.icisconference.com/russianpolymers/ Summit official web page.

MRC

LONDON (ICIS) -- Arkema has lifted two declarations of force majeure on supplies of butyl acrylate (butyl-A), methyl acrylate (methyl-A) and ethyl acrylate (ethyl-A), a company source confirmed on Wednesday.

The French major officially lifted the declarations on 20 September after bringing its plant at Carling, France, back up to full production levels.

Arkema declared force majeure on ethyl-A deliveries on 10 August after suffering problems with waste disposal at its plant.

MRC

(prw) -- Belu has launched the UK's first water bottle with a 50% recycled PET content.
The bottled water company says the high recycled content of its new 500ml bottle represents a 46% carbon saving compared to its PET equivalent.

In a poll of 50 consumers of bottled mineral water which Belu carried out in August, 95% of people said plastic water bottles should be made from recycled materials and the same percentage of people would buy a product such as this.

The poll also showed that only 29% assumed that plastic bottles are made from recycled plastics.

MRC

(NewsLive) -- Indian Oil, the leader in the downstream petroleum business, launched it's PROPEL range of petrochemical products here today, after successfully completing its world scale petrochemical projects in record time. The company, acknowledged as the leader in the petroleum downstream sector in the country, is expected to bring to play its formidable reach, network and infrastructure into the petrochemicals business.

Having identified Petrochemicals business as the prime driver of future growth, IndianOil had earmarked Rs. 30,000 crore (US $ 6.8 billion) investments during 2007-12 in world-class plants and a countrywide marketing infrastructure. These plants have been designed to use product streams from the Corporation's own refineries, to produce a wide range of value-added petrochemical products and intermediates for segments as diverse as detergents, polyesters and polymers/plastic. IndianOil had projected a turnover of Rs. 18,000 crore from its petrochemicals business by the year 2011-12, making it one of the largest petrochemicals players in the country within a short period of time.

MRC

(PlastEurope) -- Synbra Technologies' new plant for expandable PLA currently is in the final construction phase and is expected to begin regular operations in October. Developed in cooperation with plant manufacturer Sulzer and lactide producer Purac, the plant initially will produce about 5,000 t/y of ⌠Biofoam.

The Dutch EPS specialist recently expanded its processing business. At the end of July 2010, group member Synprodo, specialised in the manufacture of moulds, took over the EPS activities of packaging company Van der Heijden Nederland. The latter has been processing EPS into moulded parts for the past 30 years, manufacturing PU flexible foams, cardboard boxes as well as air cushioned packaging, among others.

MRC