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News

Strategic Value Partners and Blantyre Capital Acquire OQ Chemicals

Strategic Value Partners, LLC and its affiliates (together, "SVP") and Blantyre Capital Limited ("Blantyre") announced that SVP-managed funds and Blantyre-managed funds have acquired OQ Chemicals (OXEA), a global producer and merchant of oxo chemicals. As part of the acquisition, OQ Chemicals will reinstate its name to OXEA, reaffirming its heritage and longstanding presence in the global chemicals industry.

BASF Completes Divestment of Shares in Two Joint Ventures

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd. Following approval by the relevant authorities, the transaction was completed effective April 21, 2025. Both parties have agreed not to disclose financial details of the transaction.

Nouryon Recognized for Sustainability Performance

Nouryon has been recognized with a 2025 Gold rating by EcoVadis for its sustainability and corporate social responsibility (CSR) initiatives and achievements. This is the fourth consecutive year that Nouryon has been awarded an EcoVadis Gold rating or higher.

EPA Publishes Preliminary List of Companies Subject to TSCA Risk Evaluation Fees

U.S. EPA has published preliminary lists identifying manufacturers (including importers) that may be subject to TSCA fee obligations associated with each EPA-initiated risk evaluation of the five High-Priority Substances Acetaldehyde (CASRN 75-07-0); Acrylonitrile (CASRN 107-13-1); Benzenamine (CASRN 62-53-3); Vinyl chloride (CASRN 75-01-4); and 4,4鈥-Methylene bis(2-chloroaniline) (CASRN 101-14-4). Regardless of whether a company is listed, any company that has manufactured or imported a listed chemical in the prior five years must report to EPA via the CDX (Central Data Exchange). EPA is accepting comments through March 3, 2025.

Strategic Value Partners and Blantyre Capital Acquire OQ Chemicals

Strategic Value Partners, LLC and its affiliates (together, "SVP") and Blantyre Capital Limited ("Blantyre") announced that SVP-managed funds and Blantyre-managed funds have acquired OQ Chemicals (OXEA), a global producer and merchant of oxo chemicals. As part of the acquisition, OQ Chemicals will reinstate its name to OXEA, reaffirming its heritage and longstanding presence in the global chemicals industry.

BASF Completes Divestment of Shares in Two Joint Ventures

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd. Following approval by the relevant authorities, the transaction was completed effective April 21, 2025. Both parties have agreed not to disclose financial details of the transaction.

Nouryon Recognized for Sustainability Performance

Nouryon has been recognized with a 2025 Gold rating by EcoVadis for its sustainability and corporate social responsibility (CSR) initiatives and achievements. This is the fourth consecutive year that Nouryon has been awarded an EcoVadis Gold rating or higher.

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Names in the News April

Editor鈥檚 note: The following industry professionals have recently received promotions or appointments. To submit your company's personnel news for possible publication in CoatingsTech, email publications@paint.org with 鈥淣ames in the News鈥 ...

New Products April

Editor鈥檚 note: This column is a roundup of recent product releases from the coatings and allied industries. To submit a product release for consideration, email publications@paint.org. Please note that all ...

Names in the News March

Editor鈥檚 note: The following industry professionals have recently received promotions or appointments. To submit your company's personnel news for possible publication in CoatingsTech, email publications@paint.org with 鈥淣ames in the News鈥 ...

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