The project involves the custom design, engineering, and construction of a direct fired thermal oxidizer (DFTO), waste heat boiler, H2S scrubber system, and an enclosed flare for a prominent player in the chemical sector.
With this expansion, the company now provides regulatory automation for the three largest chemical industry markets in the world – the United States, China, and the European Union; Japan is scheduled for 2024.
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 company has calculated the individual product carbon footprints (PCF) of both chemical products.The analysis shows that due to production setup, the PCFs of BDO and derivatives such as PolyTHF are significantly below the global average PCF of the corresponding third-party chemicals that are all produced from fossil-based raw materials.
PPG announced a partnership with France’s National School of Automotive Professions and Mobility (GARAC) that aims to help address the skills shortage in the automotive refinish sector. PPG will provide training expertise and digital tools including its PPG MOONWALK® automated paint mixing system.
Corporate Equality Index (CEI) is a national benchmarking survey and report on corporate policies and practices related to lesbian, gay, bisexual, transgender and queer (LGBTQ+) workplace equality. PPG has been listed on the index for 20 years.
With a career in finance and a background as a tax advisor, as well as being a German- and U.S.-certified Public Accountant (CPA), Andrea Bauer brings a wealth of expertise to her new role.
Commenting on the decision, AkzoNobel CEO, Greg Poux-Guillaume, said: “It's disappointing that this intended acquisition cannot move forward, but we remain committed to our strong businesses and leading brands in Africa."
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