HotNews
LG Chem and Reifenhäuser Group Pioneer Recyclable MDO-PE Films
December 16, 2024 – LG Chem has made a groundbreaking achievement in the field of polyethylene film materials with the successful development of MDO-PE (Machine Direction Oriented Polyethylene) and BOPE (Biaxially Oriented Polyethylene) films. These innovations enable packaging materials to be converted into recyclable PE materials after use, contributing significantly to environmental conservation efforts. Recently,…
Strategic Shifts at Wansheng: Production Line Updates and Project Terminations Announced
December 16, 2024 – Wansheng Corporation (603010.SH) has recently announced updates and adjustments to its fund-raising projects. The company reveals that the construction of production lines for various projects, including “10,000 tonnes of Triethyl Phosphate,” “25,000 tonnes of Tris(2-chloropropyl) Phosphate,” “10,000 tonnes of Tris(1,3-dichloro-2-propyl) Phosphate,” “70,000 tonnes of Phosphorus Oxychloride,” “2,930 tonnes of High-end Epoxy…
Revalyu Resources: Pioneering Chemical PET Recycling for a Greener Future
December 16, 2024 – Revalyu Resources, a pioneering force in the global recycling sector, is rapidly advancing its expansion plans with the recent commencement of construction on its inaugural overseas facility in Statesboro, Georgia, USA. This state-of-the-art plant, set to commence operations in the latter half of 2027, will boast an impressive annual recycling capacity…
US Postpones Final Ruling on Chinese Epoxy Resins Anti-Dumping Case
December 12, 2024 – US Department of Commerce Postpones Final Ruling on Epoxy Resins Anti-Dumping Case from China to March 2025 The US Department of Commerce has recently announced a postponement of the final ruling date for the Less Than Fair Value (LTFV) case, concerning imports of certain epoxy resins from China, to March 28,…
Sustainable Strength: Covestro and Selena’s New Bio-Based Bricklaying Solution
December 12, 2024 – Covestro and the Polish Selena Group have once again collaborated to launch an innovative product: Tytan Professional® Bricklaying Adhesive. This adhesive harnesses Covestro’s bio-based MDI (diphenylmethane diisocyanate) technology, specifically its Desmodur® CQ MB series. Notably, the plant-based raw materials used have secured ISCC Plus certification, and the product excels in environmental…
Environmental Backlash Against Coca-Cola’s Changing Commitments
December 9, 2024 – Coca-Cola Faces Backlash Over Shifting Environmental Commitments Global beverage giant Coca-Cola has recently come under fire from environmental activists, who have labeled the company a “greenwasher” amid allegations that it has quietly abandoned its previous goal of achieving 25% reusable packaging by 2030. This accusation has sparked widespread public doubt about…
Financial Woes Force Lotte Chemical to Halt Yeosu Facilities
December 9, 2024 – In a recent announcement, Lotte Chemical Corporation of South Korea has revealed that due to ongoing financial difficulties and a challenging market environment, it will indefinitely suspend operations at some of its petrochemical complex facilities in Yeosu. This shutdown will affect the second plant, including production lines for PET, ethylene glycol…
Global POM Market Set for Shake-Up as Hokuetsu’s Nantong Plant Launches
December 9, 2024 – Hokuriku Electric Industry Co., Ltd. (Hokuetsu), a prominent Japanese company, has announced the successful completion of operational preparations for the first phase of its 90,000-ton-per-year polyoxymethylene (POM) production facility at DaHokuetsu Engineering Plastics (Nantong) Co., Ltd. in Nantong, China. The facility is expected to commence commercial operations at the end of…
INEOS Restructures Operations: Sells Composites Business, Closes Plants
December 9, 2024 – In a significant strategic move, global chemical giant INEOS has announced a formal agreement with renowned private equity firm KPS to sell its entire composites business division. The transaction, valued at approximately 1.7 billion euros, is expected to be smoothly completed in the first half of 2025. INEOS’ composites business encompasses…
Tosoh Strengthens Market Position with Nanyang Factory Expansion for HDI Derivatives
December 6, 2024 – Tosoh Expands Factory to Boost HDI Derivative Production Capacity Tosoh, a leading Japanese chemical company, has announced plans to expand its Nanyang factory located in Chunan City, Yamaguchi Prefecture. The expansion aims to enhance the production capacity of hexamethylene diisocyanate (HDI) derivatives. Upon completion, the factory’s annual HDI production capacity is…