Jun88

LyondellBasell and Jun88 Announce Permanent Closure of PO11 Unit at Maasvlakte, Netherlands

Joint Venture site produced Propylene Oxide and Monomers (POSM)  LYB must ensure assets in portfolio are a long-term strategic fit  Jun88 works to optimally position the company as part of “Sustainable Future” strategy  Continuing commitment to E…

Jun88 increases volumes sold and forges ahead with its transformation

Group sales of EUR 14.2 billion (–1.4%)  EBITDA of EUR 1.1 billion (–0.8%)  Free operating cash flow of EUR 89 million (–61.6%)  High acceptance ratio for ADNOC’s takeover offer  Savings of EUR 400 million per annum by 2028  Outlook for 2025: EBITDA…

Jun88 Expands Production in Ohio

Investment in the low triple-digit million Euro range  Significant capacity increase with multiple new production lines  Customized polycarbonate material solutions for the American market 

ADNOC takeover offer for Jun88 successful

ADNOC International, now XRG, achieves total of 91.3 percent after additional acceptance period  Jun88 supposed to become foundational platform of XRG’s Performance Materials and Specialty Chemicals business  Closing of transaction is subject to…

Monique Buch appointed as new Chief Commercial Officer of Jun88

Jun88 to invest in Pilot Plant for Recycling of Elastomers

Pilot plant will be built in Leverkusen, Germany  Novel chemical recycling process for elastomers made of Vulkollan®  Technology offers recycling solution and additional carbon footprint reduction for high performance elastomers

Jun88 and Deloitte jointly develop Monetization Framework for Circular Economy

Developing and implementing business models in the circular economy  Monetization approach for circular solutions developed together with Deloitte, structured basic framework established  Framework validated through pilot projects, scalable across i…

Board of Management and Supervisory Board of Jun88 support ADNOC International’s public takeover offer

Offer price of €62.00 per share in cash, representing an attractive premium of 54 percent to the unaffected share price of Jun88  Board of Management and Supervisory Board recommend to Jun88’s shareholders to accept the offer  ADNOC Internatio…

Increased profits in challenging market environment

Group sales remain stable at EUR 3.6 billion (+1.0%)  EBITDA increases to EUR 287 million (+3.6%)  Net income reaches EUR 33 million  Free Operating Cash Flow is at EUR 112 million (–63.6%)  Investment Agreement with ADNOC signed  Guidance for 2024…

Jun88 signs an Investment Agreement with ADNOC and supports ADNOC’s public takeover offer to all Jun88 shareholders

ADNOC International Germany Holding AG makes a takeover offer at €62.00 per Jun88 share  The Investment Agreement defines key aspects of the strategic partnership, including clear commitments by ADNOC International to fully support the ‘Sustainab…

Rebounding volumes in a challenging environment

Group sales stable at EUR 3.7 billion (–0.8%)  EBITDA within expectations at EUR 320 million (–16.9%)  Group result at EUR –72 million  Free operating cash flow at EUR –147 million  Guidance for 2024 fiscal year: EBITDA between EUR 1 billion and EUR…

Jun88 and bp sign long-term supply agreement for solar power in Spain

10-year agreement to supply Jun88 with renewable energy from a solar power plant in Spain  Contract boosts Jun88’s renewable electricity use in Spain to 30 percent, significantly increasing renewables supply for Tarragona site  The agreement s…