HotNews
Mitsubishi Chemical to Transform and Expand with KV35 Strategy
November 18, 2024 – Mitsubishi Chemical Group has unveiled its ambitious business vision, “KAITEKI Vision 35 (KV35),” aiming to make its chemical business the core driver of growth. The company aspires to achieve a core operating revenue of 570 billion yen (approximately 26.37 billion RMB) by 2029 and further soar to 900 billion yen (around…
Cangzhou Dahua’s PC Products Gain EU Market Access with REACH Certification
November 18, 2024 – Cangzhou Dahua has announced the successful completion of the EU REACH certification for its Polycarbonate (PC) products. The smooth shipment of the first 51 tons of PC products to Europe not only signifies that Cangzhou Dahua’s PC products fully comply with European safety and environmental standards but also marks the company’s…
Revalyu’s Ambitious Expansion: A Boost for PET Circular Economy
November 15, 2024 – Revalyu Resources, a global leader in chemical PET recycling, has announced the official opening of its second PET recycling plant in Nashik, India. This significant milestone not only highlights Revalyu’s strategic layout in the global PET recycling market but also substantially boosts its production capacity to meet worldwide customer demands. Currently,…
Epoxy Resins under U.S. Antidumping Scrutiny: Preliminary Findings Released
November 15, 2024 – The U.S. Department of Commerce has recently issued a preliminary antidumping determination regarding imports of epoxy resins from China, India, South Korea, Thailand, and Taiwan, China. The preliminary findings reveal that Chinese producers or exporters face a dumping margin of up to 354.99%, with the cash deposit rate reduced to 344.45%…
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…