WoodMac: Petrochemicals’ prices jump after drone attacks on Saudi oil facilities

Pietro Scattarreggia has taken over the leadership of Demag Plastics Machinery Ningbo Co. Ltd from Stephan Greif, who led the company for close to two decades.

Drone attacks on two of Saudi Aramco’s facilities in Abqaiq and Khurais, in eastern Saudi Arabia, have led to feedstock supply disruption at some of the key petrochemical complexes in the country.

UK materials group Haydale has been awarded funding by the European Space Agency (ESA) for a “technology de-risking project” involving the development of non-metallic gas tanks for spacecraft propulsion systems.

Truman's Cleaning LLC, a direct-to-consumer startup that makes concentrated hard-surface cleaning products, has raised a $5m minority investment led by German consumer-products giant Henkel AG & Co. KGaA.

Austrian polyolefin supplier Borealis AG has declared force majeures in two production sites in Kallo, Belgium and Burghausen, Germany.

London consulting firm Vostock Capital, which specialises in the Russian and CIS polymer markets, is holding a free webinar ahead of a key Russian annual polymer expo in December.

UK biopolymer supplier Biome Bioplastics is targeting further growth with the appointment of a new managing director and new funds raised through a stock exchange placing.

Kuraray GC Advanced Materials (KGC) has commenced construction of a butadiene derivatives plant in Map Ta Phut, Rayong, Thailand, with a ceremonial cornerstone laying event.

Akron, Ohio-based testing, consulting and compliance service provider Smithers is consolidating its various operations under a single brand identity, a refreshed logo and new tagline, the company announced 12 Sept.

Vostokkhimvolokno Group, a leading Russian importer of polyester fibres, is set to launch a new €16.6m local plant to produce its own fibre from recycled waste PET bottles.