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Global bio-based elastomer market forecast at $1.9 billion by 2033

The global bio-based elastomers market is expected to be worth $513 million in 2023 and $1,901.8 million by 2033. During the forecast period of 2023 to 2033, the predicted growth rate is about 14% according to Future Market Insights. The benefits provided by bio-based elastomers over crude oil-based elastomers regarding volatile organic compounds emissions are expected to contribute to the growth of the market.

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Anthony Mariniello begins as Rubber Division, ACS 2023 Chair

nthony Mariniello begins his term as the 2023 Chair of Rubber Division, ACS (American Chemical Society) on January 1st. Mariniello has served the organization for many years through his active involvement on several committees. He was elected to the 2019 Secretary position and successfully moved through the established progression to serve as Chair in 2023. The governance of Rubber Division, ACS is the responsibility of the Board of Directors.

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Cabot announces executive promotions

Cabot Corporation announced the promotions to Executive Vice President for three senior leaders: Hobart C. Kalkstein, President, Reinforcement Materials Segment, Digital and Americas Region; Erica McLaughlin, Chief Financial Officer (CFO) and Head of Corporate Strategy; and Jeff Zhu, President, Performance Chemicals Segment and Asia Pacific Region. All three continue to report to Sean Keohane, President and Chief Executive Officer.

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ExxonMobil doubles polypropylene production at Baton Rouge facility

ExxonMobil announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.
The unit increases polypropylene production capacity along the Gulf Coast by 450,000 metric tons per year, meeting growing demand for high-performance, lightweight and durable plastics, particularly for automotive parts that can improve fuel efficiency and reduce vehicle emissions.

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