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Evonik announces ‘next phase of strategic transformation’

At its Capital Markets Day, Evonik announced that it is embarking on the next phase of its strategic transformation. During this, said board chairman Christian Kullmann, the company will be “executing targeted and massive investments in green growth and making sustainability our central innovation driver”.

Stepan launches PaSS programme

Stepan, the world’s largest dedicated producer of surfactants, has launched its Partners for Sustainable Supply (PaSS) programme on its sustainable procurement. This focuses on selecting goods and services suppliers to align environmental, social and governance (ESG) performance management and to ensure the use of responsibly sourced goods and services.

Valtris to change hands

Miami-based HIG Capital alternative investment firm HIG Capital has agreed to sell Valtris Specialty Chemicals to an affiliate of funds managed by SK Capital Partners. The transaction is expected to close in Q3, subject to customary closing conditions. Terms were not disclosed.

Valtris is located in Independence, Ohio, and operates nine manufacturing facilities worldwide. It makes speciality polymer additives to impart flexibility, stability processability and flame retardance, plus speciality chemicals for a wide range of end markets.

Wacker opens US innovation centre

Wacker Chemie has opened its regional innovation centre at Ann Arbor, Michigan. The building covers 13,000 m2 on a 70,000 m2 site and will bring R&D in biotech and silicone under one roof in over 20 technical and analytical laboratories.

This will also be the headquarters of the Wacker subsidiary managing business activities in North and Central America. Some 50 employees will relocate there from another site Adrian, also in Michigan, where the company has produced silicones for over 50 years.

EuroAPI is listed

CDMO EuroAPI has been listed on the Euronext Paris market as of 5 May. CEO Karl Rotthier said that the listing “marks an exciting milestone for the development of our company as it will enable us to consolidate our leadership in the dynamic API market”.

Solvay launches fourth 'growth platform'

Solvay has launched a growth platform focused on renewable materials and biotechnology, complementing existing ones in battery materials, green hydrogen and thermoplastic composites. This will focus on developing sustainable products for multiple markets using renewable feedstocks and biotechnology.

“The new platform will bring together several Solvay businesses to help meet growing demand for sustainable solutions by increasing the share of renewable carbon in Solvay’s product offering and developing new business opportunities enabled by biotechnology,” the company stated. I

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