The new appointment is effective immediately and, according to the company, a strategic decision to leverage extensive experience and innovative vision to drive sustainable growth and strengthen the company's leadership position in its markets.
The company concluded that, given continued losses, the economics of the plant in Podari cannot sustain the necessary continued expenditure. Following the announcement, activities within the Biofuels & Derivatives business line, which supported the development and ramp-up of the plant, will be downsized.
The publication of "Innovability 2022: IOD Pathway to the Future" presents the progress of the company's sustainability strategy and reaffirms Its commitment to the UN's 2030 agenda.
Friel will replace Angela A. Minas, who previously informed the company that she would resign from the board effective upon the appointment of her successor.
Specialty chemicals company Nouryon recently announced that it is further strengthening its sustainability commitments by joining the United Nations Global Compact, the world's largest corporate sustainability initiative.
Perstorp Group announced its commitment to emission reduction targets in line with the Paris Climate Agreement and the Science Based Targets initiative.
Evonik's venture capital arm has invested in chembid, a search and market intelligence platform for chemicals, to strengthen the company's e-commerce activities.
OQ Chemicals (formerly Oxea) has entered into an agreement to license its advanced proprietary technology for the production of ethylene and propylene derivatives to Duqm Refinery and Petrochemicals Industries Co. (DRPIC) in Oman.
