- In May 2023, Foremark Performance Chemicals successfully completed the acquisition of NexGen Chemical Technologies. This strategic acquisition positions Foremark to enhance the safety and sustainability of natural gas production, supporting the ongoing transition towards cleaner energy solutions
- In December 2022, Johnson Matthey plc announced the expansion of its manufacturing facility in Perstorp, Sweden, to meet the growing demand for formaldehyde. The expansion is projected to enhance the site’s production capacity by approximately 50%
- In July 2022, Hexion Inc. announced the commencement of bio-based methanol utilization in formaldehyde production at its Baytown, Texas facility, aiming to deliver a more sustainable product
- In May 2022, Bakelite Synthetics announced the acquisition of Georgia-Pacific Chemicals, which brings complementary resin and formaldehyde technologies, along with expertise in end-use markets such as building materials, industrial applications, transportation, chemical intermediates, and specialty resins
