IndustryNews
Expansion of Saudi Petrochemical Industry with New Jubail Projects
March 28, 2025 – The Ministry of Energy in Saudi Arabia has officially greenlit the feedstock supply plans for two steam cracker and derivative projects located in Jubail, with a combined annual production capacity potential of 6.6 million tonnes. The associated plans have also been made public. Tasnee National Industrialization Co. will undertake the construction…
RadiciGroup and Lone Star Ink Agreement for Global Business Expansion
February 27, 2025 – Lone Star Fund XII, L.P., an affiliate of the US private equity giant Lone Star, has officially signed a definitive agreement to acquire the Specialty Chemicals and High-Performance Polymers business segment of Italy’s RadiciGroup. Since its establishment in 1941, RadiciGroup has grown from its headquarters in Bergamo, Italy, to become a…
Recycled Fishing Nets and Engine Oil Find New Life in LEGO Tires
February 27, 2025 – The LEGO Group has unveiled an eco-friendly innovation that is set to revolutionize the toy manufacturing industry: new tires made with over one-third recycled materials. These materials, sourced from discarded fishing nets, ropes, and engine oil, mark a significant step towards sustainability for the LEGO Group. The new tires have already…
Specialty Carbon Black Producer Junyu Aims for Aerospace Market
February 27, 2025 – Inside the central control room of Xinjiang Junyu New Material Technology Co., Ltd., personnel are seen remotely managing critical parameters of large reaction furnaces through a state-of-the-art DCS system, ensuring a streamlined production process. Meanwhile, in the laboratory, inspectors rigorously sample and test carbon black products to guarantee that every batch…
LyondellBasell Faces Rumors of Maasvlakte Plant Closure Amid Business Review
February 26, 2025 – Rumors Swirl Around Potential Closure of Maasvlakte Plastic Precursor Plant Speculation has emerged regarding the possible shutdown of a plastic precursor production facility in the Maasvlakte area of Rotterdam Port, the Netherlands. The plant, jointly operated by LyondellBasell (LYB) and Covestro with a 50% stake each, stands as a giant in…
BASF India Invests in Cutting-Edge Cellasto® Production
February 26, 2025 – BASF India Breaks Ground on New Cellasto® Microcellular Polyurethane Plant in Dahej BASF India has recently commenced construction on a new facility in Dahej, aimed at enhancing its production capacity for Cellasto® microcellular polyurethane (MCU). This move aligns seamlessly with BASF’s new “Winning Formulas” strategy, as the plant will incorporate cutting-edge…
Nylon Industry Set for Expansion Amid Robotics Sector Surge
February 25, 2025 – Robotics Boom Paves the Way for Nylon Material’s Growth The robotics industry is experiencing a surge in popularity, presenting new opportunities for the development of nylon materials. As robot technology continues to mature and AI undergoes continuous optimization, the robotics sector is entering a phase of significant profit growth. According to…
Global Chemical Giant Celanese to Adjust Prices from March 2025
February 25, 2025 – Celanese Announces Global Price Adjustment for Key Products Global chemical giant Celanese has recently issued a significant announcement, revealing plans to adjust the prices of a range of products sold across Asia, the Americas, Europe, the Middle East, and Africa. This price increase is scheduled to take effect on March 1,…
LG Chem’s PBAT Plant Faces Indefinite Suspension
February 25, 2025 – LG Chem Halts PBAT Production Amid Market Uncertainties In a recent development, industry insiders have revealed that LG Chem has temporarily suspended operations at its Polybutylene Adipate Terephthalate (PBAT) plant located in Daesan, and has initiated a redeployment of its workforce. Initially, the company had planned to commence large-scale production in…
Spain’s Plastic Recycling Gets Boost with Kingfa Eco-Tech’s New Project
February 24, 2025 – Spain’s Kingfa Eco-Tech Celebrates Launch of High-Performance Recycled Plastic Project in Cuenca Spain’s Kingfa Eco-Tech Technology Co., Ltd. recently celebrated the commissioning of its eco-friendly high-performance recycled plastic project in Montalvo, Cuenca province, marking the official kickoff of an initiative with an annual production capacity of 30,000 tons. This project aims…