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Now that it is breaking out chemical sales again, Shell rejoins the Global Top 50 this year after a 5-year hiatus. Rongsheng Petrochemical, which makes polyester chemicals, debuts this year. The former DowDuPont agricultural chemical business, Corteva Agriscience, made the cut as well.

The $9.4 billion petrochemical complex that Formosa Plastics is planning in St. James Parish, Louisiana, is in hot water. It faces fierce opposition both locally from community organizations worried about pollution and nationally from environmental groups that wish to stop the mounting production of plastics. Sharon Lavigne, head of the local group Rise St. James, recently received the prestigious Goldman Environmental Prize for her efforts, a sign that the Formosa project has high-profile opposition. The project also faces practical hurdles. Notably, the US Army Corps of Engineers suspended a permit for the facility in November. Formosa Plastics had better luck in Point Comfort, Texas, where it started up an ethylene cracker and low-density polyethylene unit last year.

Recently, Evonik Industries has been favoring small acquisitions that provide access to new technology. In June, it inked an agreement to buy Infinitec Activos for an undisclosed sum. Infinitec specializes in delivery methods—such as peptide-studded gold and sapphire nanoparticles, lipid vesicles, and nanoscale alginate hydrocolloid capsules—for cosmetic ingredients. In November, Evonik bought Houston-based Porocel Group, a provider of refinery catalysts and catalyst regeneration services, for $210 million. Evonik has built a burgeoning business in lipids for the delivery of messenger RNA (mRNA) used as a COVID-19 vaccine. And it recently launched a collaboration with Stanford University to develop a degradable polymer–based system for delivering mRNA therapeutics. In more traditional industrial chemistry, the company is building a $470 million plant in Marl, Germany, for making nylon 12, a high-end polymer critical for automotive applications such as brake lines. Evonik is considering the sale of its superabsorbent polymer unit, which employs 800 people.

One again, Syngenta is involved in merger and acquisition activity. ChemChina, which already owned the Israeli generic crop protection chemical maker Adama, bought Syngenta in 2017 for $43 billion. Now ChemChina is merging with another Chinese firm, Sinochem, to form a conglomerate with about $160 billion in annual revenue. Chinese authorities approved the deal earlier this year. But the impact on Syngenta will likely be minimal. ChemChina and Sinochem had already combined their agricultural operations into an organization called Syngenta Group.

The Belgian firm, which focuses on metal-based chemicals, is undergoing changes. Its board appointed Mathias Miedreich to succeed Marc Grynberg as CEO later this year. Miedreich is an executive with the auto parts supplier Faurecia, where he led the Clean Mobility division. Consolidation in Umicore’s nickel and cobalt chemical business will see the company shed about 200 jobs. Much like its rival Johnson Matthey, Umicore has been trying to diversify away from catalytic converters for gasoline vehicles and focus on electric cars. In May, it signed a cross-licensing agreement with BASF covering more than 100 families of patents relating to battery cathode active materials and their precursors. Umicore is also working with the firm Anglo American to develop platinum-group-metal-based catalysts that aid the storage of hydrogen in fuel-cell vehicles. The technology stores hydrogen with a chemical carrier rather than compression.

Recent years have seen Chinese petrochemical producers, often involved in the polyester supply chain, join the Global Top 50. Hengli Petrochemical is one of those firms. And now Rongsheng Petrochemical is another. The company is one of the largest producers of purified terephthalic acid in the world, with 13 million metric tons of capacity at plants in Dalian, Ningbo, and Hainan, China. It also makes polyester resin and fiber. It is an investor in Zhejiang Petrochemical, a large oil refinery and petrochemical complex that is currently starting up.