HotNews
Major Milestone: XRG’s Acquisition of Covestro Nears Completion
December 23, 2024 – ADNOC International Germany Holding AG announced on December 19 that it has successfully completed a voluntary public tender offer for Covestro AG. Together with previously acquired shares, the company now holds a total of 172,591,806 shares in Covestro, representing 91.3% of all outstanding shares. Notably, ADNOC International Germany Holding AG is…
New Study Highlights Severe Plastic Waste Problem in Apparel Production
December 23, 2024 – The global apparel industry is confronting a severe environmental challenge, as new research reveals that millions of tons of plastic waste are being discharged into the environment annually due to clothing consumption, with this figure projected to climb over time. A study conducted by North Carolina State University (NCSU) has shed…
Global POM Production Gets a Boost with the Launch of Da Baoli’s Nantong Facility
December 23, 2024 – A grand opening ceremony was held in the Nantong Development Zone on the morning of December 16th, marking the official launch of Da Baoli Engineering Plastics (Nantong) Co., Ltd. This enterprise, with a total investment of $560 million, is poised to become a rising star in the industry. Earlier, on November…
MAIRE Group and Röhm Partner for Sustainable PMMA Recycling Solution
December 21, 2024 – MAIRE Group’s NEXTCHEM Inks Innovative Recycling Agreement with Röhm MAIRE Group has announced that its sustainable technology solutions division, NEXTCHEM, has reached a groundbreaking tolling agreement with renowned company Röhm through its subsidiary MyRechemical. Under the terms of the agreement, Röhm will supply PMMA waste as raw material, while MyRemono will…
Brewing Trouble: Study Warns of Microplastic Contamination in Popular Tea Bags
December 21, 2024 – Study Unveils Hidden Health Risks of Popular Tea Bags A recent study conducted by researchers at the University of Alabama at Birmingham has shed light on the concealed dangers lurking in the seemingly innocuous tea bags found on store shelves. The research, published in the latest edition of Environmental Chemistry, reveals…
New Growth in China’s New Materials Industry: Xianhe Aimide’s Meta-Aramid Project
December 21, 2024 – Zhejiang Xianhe Aimide New Material Co., Ltd. has reached a significant milestone with the commencement of trial production for its 6,000-ton annual meta-aramid material project. This marks a new growth point for the development of new materials in the region. The project, with a total investment of approximately RMB 1.1351 billion,…
Innovation in Polypropylene: ADEKA’s TRANSPAREX Boosts Transparency
December 21, 2024 – ADEKA Corporation has unveiled its latest innovation, a groundbreaking transparent agent branded “TRANSPAREX” (product line: ADEKA TRANSPAREX CA), set to hit the markets of the USA and Asia in November 2024. The company harbors ambitious plans, aiming for its comprehensive sales of transparent agents, including TRANSPAREX, to surpass the 30 billion…
Strategic Merger: Shitian Expands Portfolio with Sumitomo Chemical’s Assets
December 21, 2024 – In a groundbreaking move, Shitian Technology announced on December 12, 2024, the successful completion of its comprehensive acquisition of Sumitomo Chemical Co., Ltd.’s (Sumitomo Chemical) polypropylene (PP) composites and thermoplastic elastomers (TPE) business in the Chinese market. With this strategic takeover, Shitian has also smoothly assumed control of production bases located…
The Struggle for Consensus: Updates on the Global Plastic Pollution Treaty
December 21, 2024 – Global Plastic Pollution Crisis: Progress and Challenges in Crafting an International Treaty The issue of plastic pollution has emerged as a pressing environmental dilemma, posing significant threats to marine ecosystems and human health worldwide. In response to this global challenge, the international community, with the United Nations Environment Programme (UNEP) and…
Global Trade Update: Tax Changes Impact Chinese Products and E-commerce Platforms
December 21, 2024 – Global Trade Landscape Shifts as Countries Implement New Tax Policies and Tariff Adjustments on Chinese Products and Foreign E-commerce Platforms In recent weeks, several countries have announced new tax policies or tariff adjustments on Chinese products and foreign e-commerce platforms, sparking widespread concern across the globe. The United States, through its…