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ACC add four new members

June 05/2020

MOSCOW (MRC) -- The American Chemistry Council (ACC) announced on Tuesday that it has approved four new members - three regular and one affiliate - at its virtual annual meeting, as per Chemweek.

The regular members include KMTEX, LLC (Port Arthur, Texas), Nylon Corporation of America (NYCOA, Manchester, New Hampshire), and Synthomer plc (Essex, United Kingdom). KMTEX is the largest toll distillation provider in the Gulf Coast, with 40 years of experience in separating and purifying many chemistries, including glycols, solvents, and aromatic hydrocarbons. NYCOA is a leading manufacturer of engineered nylon resins, including specialty high-performance nylons and Synthomer is a global supplier of aqueous polymers.

At the Affiliate level, ACCs board approved the addition of Leschaco, Inc. (Bremem, Germany), a global logistics service provider.

"At a time of great economic uncertainty, ACCs continued growth speaks to the value we bring to our members through initiatives as diverse as state and federal advocacy, Responsible Care, and sustainability, says ACC President and CEO Chris Jahn. More than ever, our industry is playing an essential role in solving global challenges. The addition of these members strengthens an already large group of strong and committed companies, dedicated to advancing the health, safety, and well-being of our global community as well as advancing the industrys policy priorities."

As MRC reported earlier, in July 2019, polymer maker Synthomer Plc said it had agreed to buy Omnova Solutions Inc (OMN.N) for an enterprise value of USD824 million in a bid to strengthen its global position. Acquiring Omnova will help Synthomer bolster its footprint in Europe and Asia and help penetrate into China, Synthomer said in a statement. The deal was closed in early 2020.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 721,290 tonnes in the first four month of 2020, up by 4% year on year. Low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) shipments grew partially because of the increased capacity utilisation at ZapSibNeftekhim.  At the same time, PP shipments to the Russian market totalled 347,440 tonnes in January-April 2020 (calculated by the formula production minus export plus import). Supply exclusively of PP random copolymer increased.
Author:Margaret Volkova
Tags:PP, PE, LLDPE, PP block copolymer, propylene, LDPE, ethylene, petrochemistry, adhesives, Synthomer, Rossiya, USA.
Category:General News
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