Page 146 - CW E-Magazine (31-12-2024)

Meetings & Conferences News from Abroad

25-27 | Nürnberg, Germany August 2025  : Info@messe-duesseldorf.de MEGA DEAL
European Coatings Show (ECS) 2025 26-28 | Seoul, South Korea : Online.com/en
Vincentz Network and NürnbergMesse CPHI Korea 2025 Covestro shareholders approve ADNOC’s XRG $15-bn
: +49 9 11 86 06-95 95 14-16 | Shanghai, China
 : Besucherservice@nuernbergmesse.de Informa Markets Korea Corporation ACHEMASIA 2025 takeover offer
: European-coatings-show.com/ Helena (Suhyun) Kim DECHEMA Ausstellungs-GmbH
 : +82 2 6715 5422  : +49 69 7564-100/+49 69 7564-750 XRG, the international invest- In October this year, XRG, which saying it was valued at more than
April 2025  : Helena.kim@informa.com/  : Visitor@dechema.de ment arm of Abu Dhabi National Oil was called ADNOC International at $80-bn.
Cphi-kr@informa.com Company (ADNOC), will become the the time, agreed to buy Covestro for
1-3 | New York, USA : Achemasia.de/en
Interphex : Cphi.com/korea/en/home.html majority owner of German polymer an enterprise value of €14.7-bn ($15.3-bn), “Covestro lies at the heart of XRG’s
RX (Reed Exhibitions) November 2025 fi rm Covestro, after the latter’s share- including debt after talks started more growth plans and complements its de-
 : Inquiry@interphex.com October 2025 12-13 | Cologne, Gremany holders approved a takeover offer. than a year before. carbonisation and advanced techno-
: +1-888-334-8704 | 203-840-5648 8-15 | Düsseldorf, Germany Sustainable Chemicals Conference & logies leadership goals,” XRG said.
The deal is the largest recorded
signifi cant
milestone European chemical companies such
“Today’s
: Interphex.com/en-us.html K 2025 Expo foreign acquisition by a Gulf company, marks the fi rst major transformational as Covestro saw their profi t margins
International trade fair for the plastics Trans-World Events Ltd. as the hydrocarbon-rich region seeks investment for XRG in chemicals, acce- squeezed by elevated natural gas prices
8-10 | Amsterdam, Netherlands and rubber industry  : +44 1483 330 018 to accelerate investments to reduce lerating our ambition to become a top triggered by the Russia-Ukraine war.
In-cosmetics Global 2025 Messe Düsseldorf GmbH  : Info@trans-worldevents.com dependence on oil in response to the fi ve global chemicals player,” said This year, ADNOC increased its share-
: Pallavi Oak  : +49 0 211 / 4560-7611 : Sustaiablechemicals-expo.com global transition to cleaner energy. Dr. Sultan Al Jaber, Executive Chairman holdings in Borealis and Borouge –
 : +91 22 67716607 of XRG and ADNOC’s CEO. joint ventures with OMV – by
: +91 998738574 Shares tendered and already bought acquiring a 24.9% stake in the Austrian
: In-cosmetics.com/global/en-gb.html by XRG amount to 91.32% of Coves- The UAE state oil company has energy company. In July, a consortium
tro’s total outstanding shares, XRG concluded several deals in gas and comprising Borouge, ADNOC and
May 2025 INDIA said in a statement. The deal, which is chemicals this year. Last month, it Borealis signed an agreement with
7-8 | New Jersey, USA expected to close in the second half of said it was creating XRG to focus on Chinese companies to set up a polyolefi ns
2025, is subject to further regulatory overseas investments in lower carbon complex in Fujian Province, which will
15th ICIS World Surfactants approvals, the company added. energy, including gas and chemicals, have a capacity of 1.6-mtpa.
Conference
ICIS
Nicol Lange Cedo acquires Lithuanian polyethylene recycler
 : +44 (0)20 7911 1393
 : Nicol.lange@icis.com Cedo, a UK-based maker of house-
: Events.icis.com/ehome/worldsur R R hold essentials for the FMCG private
factants/home label sector, has acquired Plasta Group,
one of Europe’s largest polyethylene
July 2025 recyclers, producers, and suppliers of
29-31 | Jakarta – Indonesia sustainable plastic products. This fol-
lows its recent acquisition of Vinatic,
Inacoating one of the leading fl exible plastic recy-
GEM Indonesia clers in Vietnam.
: Relyana
 : Relyana@gemisen-group.com Plasta Group, headquartered in
: +62-21 5435 8118 Vilnius, Lithuania, operates manufac-
: Inacoating-exhibition.net turing plants located in Lithuania and
29 30 APRIL 2025 Sweden, and annually recycles over
29-31 | Jakarta – Indonesia HALL 2, 3 & 6 | BEC | MUMBAI 45,000 tonnes of post-consumer waste Europe, enhancing its leadership in contents, as well other fi lm-based pro-
Chemical Indonesia plastic to produce over 36,000 tonnes Central and Eastern Europe (CEE) and ducts,” Cedo said in a press note. Going
GEM Indonesia of refuse sacks and fi lm products. Scandinavia. The combined organi- forward Cedo will be able to offer an
: Relyana sation has an annual capacity to expanded range of innovative, sus-
 : Relyana@gemisen-group.com “This acquisition positions Cedo as recycle more than 200,000 tonnes tainable solutions to meet the grow-
: +62-21 5435 8118 the largest integrated circularity plat- of plastic waste from which to pro- ing demand for circularity in fl exible
: Chemical-indonesia.net form for fl exible plastic fi lms servicing duce plastic bags made with recycled plastics.

146 Chemical Weekly December 31, 2024 Chemical Weekly December 31, 2024 147

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