Industry Update: Commodity Chemicals
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Commodity Chemicals industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
- On October 27, 2020, Trinseo reached a definitive agreement with Tyre Recycling Solutions on a commercial collaboration and an equity investment in TRS. The new collaboration agreement will see the two companies collaborate on research and development, pooling their combined technology expertise to help global tire manufacturers develop more sustainable tire formulations.
- On December 2, 2020, LyondellBasell, one of the largest plastics, chemicals, and refining companies in the world, and Sasol, a global integrated chemicals and energy company, announced the closing of their Louisiana-based Integrated Polyethylene Joint Venture transaction following required regulatory and shareholder approvals. The $2.0 billion transaction is part of LyondellBasell’s approach to growing its core businesses while
positioning the company to benefit from improving economic conditions.
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