IndustryNews
Wansheng Shares Makes Strategic Move with Thailand Investment
December 26, 2024 – Wansheng Shares Tackles Challenges with Strategic Investment in Thailand Wansheng Shares, a prominent player in China’s flame retardant market, has faced a myriad of challenges in recent years. The interplay of geopolitical conflicts, inflationary pressures in Europe and the US, and capacity expansions has significantly altered the supply-demand dynamics for its…
SpecReK Initiative: A Breakthrough in High-Quality Plastic Recycling Technology
December 26, 2024 – BASF has teamed up with Endress+Hauser, TechnoCompound, and the Universities of Bayreuth and Jena to launch a groundbreaking research project named SpecReK, aimed at enhancing the efficiency and quality of mechanical plastic recycling. This initiative has received substantial support from the German Federal Ministry of Education and Research (BMBF). The project…
ALBA Expands Asian Footprint with New Recycling Facility in Indonesia
December 25, 2024 – ALBA Tridi Plastics Recycling Indonesia, a significant Asian footprint of the ALBA Group, is nearing completion in Kendal, Central Java, Indonesia. This state-of-the-art food-grade plastic recycling facility stands as a testament to ALBA’s commitment to advancing sustainable circular economy practices in Asia and marks a new milestone in the company’s journey….
Strategic Alliance: Petrochemie Gruppe Establishes High-End Coatings Base in Huizhou
December 24, 2024 – German Chemical Giant Petrochemie Gruppe and Huizhou New Materials Industrial Park have achieved a pivotal breakthrough in their collaboration, officially signing an investment agreement for Petrochemie’s high-end coatings project. This landmark signing not only signifies the successful attraction of the first foreign-invested project to the Huizhou New Materials Industrial Park but…
SCG and PetroVietnam Join Forces for $700M LSP Complex Expansion
December 24, 2024 – In a strategic move to bolster production efficiency and cost competitiveness, Siam Cement Group (SCG) of Thailand has announced a collaboration with Vietnam Oil and Gas Group (PetroVietnam) for the expansion of the Long Son Petrochemical (LSP) complex in Ba Ria-Vung Tau province, southern Vietnam. The highlight of this partnership is…
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…
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…
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…