IndustryNews
The Rising Potential of SAP: Lumus and Yulin Chemical Join Forces
February 17, 2025 – Lumus Technology Inc. has announced a significant breakthrough with the successful securing of a commercial contract from Yulin Chemical Co., Ltd., a subsidiary of Shaanxi Coal and Chemical Industry Group, for its Super Absorbent Polymer (SAP) technology. This marks the first commercial license for Lumus’ SAP technology since its integration into…
Ube Shifts Gears: Exiting Nylon, Embracing Specialty Chemicals for Growth
February 17, 2025 – Ube Industries, a leading player in the nylon polymer market for European food packaging, has announced a significant restructuring plan. UBE Corporation Europe S.A.U., its Spanish subsidiary, will continue producing caprolactam and nylon polymers, with plans to introduce an eco-friendly nylon product line to meet the market’s demand for sustainable products….
ADNOC and OMV in Talks to Form New Global Polyolefins Giant
February 16, 2025 – ADNOC Announces Positive Talks for Merger and Acquisition to Form Global Polyolefins Giant Abu Dhabi National Oil Company (ADNOC) officially announced on February 1st that it is engaged in active and constructive negotiations with OMV AG to consolidate their stakes in Borouge plc and Borealis AG, aiming to create a brand-new…
The Rise of Solvent Dissolution: A Promising Plastic Recycling Technique
February 16, 2025 – Solvent Dissolution Recycling: A Promising New Approach to Tackling Global Plastic Pollution As global plastic production continues to soar, with projections indicating a doubling by 2050, the associated emissions and annual waste plastic output are set to increase significantly by 2060, posing a major challenge to the global environment. Amidst this…
Indian Sugar Giant BCML Aims High with PLA Plant and New Leadership
February 16, 2025 – Indian Sugar Giant BCML Announces PLA Plant Expansion and Appoints Industry Veteran as Chemicals Business President Indian sugar industry titan Balrampur Chini Mills (BCML) has recently unveiled plans to construct a 75,000-tonne per annum polylactic acid (PLA) plant in Uttar Pradesh. With ambitions to scale up, the company aims to increase…
Carlsberg’s Zero Packaging Waste Initiative: Progress and Ambitions
February 16, 2025 – Carlsberg Reports Significant Progress in Zero Packaging Waste Initiative, Marching Steadily Towards Sustainability Goals In its newly released 2024 annual report, Carlsberg announced it has achieved remarkable results in its zero packaging waste initiative, making steady progress towards its sustainability objectives. The company has set an ambitious target to ensure that…
European Parliament Lowers Recycled Plastic Targets in ELV Regulation
February 15, 2025 – European Parliament Adopts Key Amendments to ELV Regulation The European Parliament has recently approved a significant report that introduces several modifications to the European Commission’s proposed End-of-Life Vehicles (ELV) regulation. This regulation aims to boost the circular economy in the automotive sector by increasing the use of recycled materials in vehicle…
Eastman Pushes Sustainability with RecyClass-Certified Resins
February 15, 2025 – Eastman’s Eight Copolyester Resins Receive RecyClass Recyclability Certification Eastman has announced that eight of its copolyester resins, along with their equivalent renewable material grades (Renew grades), have successfully obtained RecyClass recyclability certification. These PET resins, which incorporate recycled materials, demonstrate Eastman’s commitment to sustainability. Notably, six of the copolyester resins, specifically…
Invista’s Texas Technology Hub Launches, Boosts R&D Capabilities
February 15, 2025 – Invista Unveils Texas Technology Center, Bolstering Innovation and R&D Efforts Invista, a global leader in the chemicals industry, has announced the grand opening of its Texas Technology Center (TTC) in Katy, Texas. With a total investment of $13 million and spanning nearly 40,000 square feet, the TTC stands as a pivotal…
Basf’s Coatings Division Faces Strategic Review Amid Shifting Landscape
February 15, 2025 – Basf Mulls Strategic Shift for Its Coatings Division, Sparking Market Interest In recent news, Basf’s newly appointed CEO, Dr. Carey, revealed during a global conference call that the conglomerate is reassessing the strategic direction of its coatings division, potentially exploring options such as seeking joint venture partners or altering ownership structures….