HotNews
Plastic Waste No More: Indonesia’s Import Ban and Waste Management Reform
November 15, 2024 – Indonesia has announced a definitive halt to the import of plastic waste by 2025, with Environment Minister Hanif Faisol Nurrofiq stating that the practice has already ceased this year. “The Ministry of Environment and Forestry firmly opposes the import of plastic waste, and this decision has been implemented,” Hanif emphasized. The…
Navigating Crisis and Opportunity: Chemical Sector Faces Trump and Port Strike Hurdles
November 14, 2024 – The global chemical industry and its derivative sectors are currently grappling with a series of significant challenges, with the reelection of Donald Trump and the ongoing strike at major Canadian ports emerging as the two pivotal factors destabilizing the market. Industry analysts predict that a second Trump administration could escalate global…
Innovative Collaboration: Covestro and Osel Transform Car Parts into Sustainable Materials
November 14, 2024 – In a pioneering move towards sustainability in the automotive sector, Covestro has deepened its collaboration with Osel, a leading plastic recycling enterprise in China, to explore new avenues in automotive plastic recycling. The focal point of this partnership is the recycling of plastic components, such as headlights, from end-of-life vehicles, transforming…
Egypt Steps Up Sustainability Efforts with New PET Recycling Initiative
November 13, 2024 – Egypt Takes a Bold Step Towards Sustainability with $20 Million PET Recycling Facility In a groundbreaking collaboration, the Nile River Recycling Company and the Master Development Company (MDC), an industrial developer, have recently signed an agreement to build a $20 million polyethylene terephthalate (PET) recycling facility within the Sokhna Integrated Industrial…
TPU Industry Boom: Sinopec’s Ambitious Expansion and Global Competition
November 13, 2024 – Sinopec’s 14th Construction Corporation Successfully Delivers Expanded TPU Phase III-2 Project in Yantai A significant milestone has been achieved in China’s TPU industry with the successful mechanical completion of the expanded TPU Phase III-2 project in Yantai, undertaken by Sinopec’s 14th Construction Corporation. This expansion project boasts a newly added TPU…
PET Pellet Prices Surge Amidst Unusual Market Demand and Hurricane Impact
November 12, 2024 – PET Pellet Prices See Unexpected Uptick Amidst Market Demands and Hurricane Impact In a surprising turn of events, the market for PET pellets has witnessed a notable fluctuation, with transparent post-consumer PET pellets rising by 2 cents per pound and green post-consumer pellets increasing by 1 cent. This price adjustment will…
SABIC’s Strategic Move: $220M ULTEM™ Resin Plant Opens in Singapore
November 12, 2024 – SABIC Marks a Milestone with the Inauguration of Its ULTEM™ Resin Manufacturing Plant in Singapore SABIC has announced the official opening of its ULTEM™ resin manufacturing plant in Singapore, a $170 million (SGD 220 million) investment. This factory, SABIC’s first specialty chemical production base for high-performance thermoplastic ULTEM™ resin in the…
Sustainable Milestone: BASF’s Shanghai Plant Achieves ISCC+ for PA6
November 11, 2024 – BASF’s Shanghai PA6 Plant Achieves ISCC+ Certification for Sustainable Production BASF’s Monomers division has announced that its polyamide 6 (PA6, also known as Nylon 6) production facility in Shanghai has successfully obtained the International Sustainability and Carbon Certification (ISCC+), marking a significant milestone. The certification enables the plant to produce and…
PLA Spoon Recall Highlights Safety, Transportation Challenges
November 11, 2024 – PLA Tableware from China Recalled in Denmark Due to Safety Concerns A recent incident has seen a batch of polylactic acid (PLA) tableware exported from China to Denmark being recalled. The spoons, made from PLA material, were found to degrade rapidly, leading to the formation of small parts that pose a…
Nissan Unveils Bold Plan to Turnaround Financial Fortunes
November 11, 2024 – Nissan Motors Unveils Major Restructuring Plan Amidst Financial Struggles Nissan Motors announced a significant restructuring plan on Thursday, aiming to navigate through a period of declining sales by cutting 9,000 jobs globally and reducing its production capacity by 20%. This move comes after the company reported a stark turn from profit…