Business Roundup

Braskem , a Brazilian chemical maker, has appointed Roberto Prisco Paraiso Ramos as its new CEO; he succeeds Roberto Bischoff, who ran the firm for 2 years. Ramos has previously served as a Braskem vice president and as CEO of Ocyan, an oil and gas affiliate of Braskem’s parent company, the conglomerate Novonor. Sumitomo Chemical plans to reduce low-density polyethylene capacity in Ichihara City, Japan, by 20,000 metric tons per year. The company says that demand for the polymer has slowed in Japan. Citroniq Chemicals has selected Falls City, Nebraska, as the site of its planned biobased polypropylene plant. The firm hopes that the $7.5 billion project will start up in 2029. Solvay has agreed to license its hydrogen peroxide processing technology to North Huajin Refining and Petrochemical. The Chinese firm will use the hydrogen peroxide as a feedstock in a 300,000-metric-ton-per-year propylene oxide plant that it plans to start