IndustryNews
Dongming Petrochemical Achieves Breakthrough with World’s First E-POE Project
November 20, 2024 – Dongming Petrochemical Group (hereinafter referred to as “Dongming Petrochemical”) has announced exciting news: the world’s first 5,000-ton/year Ethylene-based Polyolefin Elastomer (E-POE) project has been successfully established, with the plant now ready for trial production. This landmark achievement signifies a solid step forward in breaking the foreign monopoly on POE technology and…
Revolutionizing PET Bottle Recycling: Coca-Cola and Amut’s Collaborative Effort
November 19, 2024 – Coca-Cola Takes Bold Steps Towards 2025 Sustainability Goals with Reduced PET Usage Coca-Cola is making significant strides towards its 2025 sustainability targets, aiming to drastically cut down on PET usage. In a move that underscores both environmental commitment and packaging resilience, the company plans to eliminate the equivalent of nearly 800…
Intco Recycling Updates on Malaysian rPET Project Progress and PET Performance
November 18, 2024 – Intco Recycling Provides Insights into Malaysian rPET Project and PET Performance Intco Recycling (688087.SH) has recently addressed investor inquiries regarding its 100,000-ton rPET capacity project in Malaysia and the performance of its already established 50,000-ton PET project. The company provided a detailed response on November 15th via an investor interaction platform….
Mitsubishi Chemical to Transform and Expand with KV35 Strategy
November 18, 2024 – Mitsubishi Chemical Group has unveiled its ambitious business vision, “KAITEKI Vision 35 (KV35),” aiming to make its chemical business the core driver of growth. The company aspires to achieve a core operating revenue of 570 billion yen (approximately 26.37 billion RMB) by 2029 and further soar to 900 billion yen (around…
Cangzhou Dahua’s PC Products Gain EU Market Access with REACH Certification
November 18, 2024 – Cangzhou Dahua has announced the successful completion of the EU REACH certification for its Polycarbonate (PC) products. The smooth shipment of the first 51 tons of PC products to Europe not only signifies that Cangzhou Dahua’s PC products fully comply with European safety and environmental standards but also marks the company’s…
Revalyu’s Ambitious Expansion: A Boost for PET Circular Economy
November 15, 2024 – Revalyu Resources, a global leader in chemical PET recycling, has announced the official opening of its second PET recycling plant in Nashik, India. This significant milestone not only highlights Revalyu’s strategic layout in the global PET recycling market but also substantially boosts its production capacity to meet worldwide customer demands. Currently,…
Innovative Collaboration: Covestro and Osel Transform Car Parts into Sustainable Materials
November 14, 2024 – In a pioneering move towards sustainability in the automotive sector, Covestro has deepened its collaboration with Osel, a leading plastic recycling enterprise in China, to explore new avenues in automotive plastic recycling. The focal point of this partnership is the recycling of plastic components, such as headlights, from end-of-life vehicles, transforming…
Pulp Molding Industry Faces Export Hurdles and Policy Stagnation Amid Global Shifts
November 14, 2024 – The pulp molding industry, which once rode a wave of growth fueled by global “plastic-ban” policies and soaring export demands, now faces a multitude of challenges, including export obstacles and policy stagnation, casting a shadow over its future prospects. The industry’s export woes are closely intertwined with the complexifying international trade…
TPU Industry Boom: Sinopec’s Ambitious Expansion and Global Competition
November 13, 2024 – Sinopec’s 14th Construction Corporation Successfully Delivers Expanded TPU Phase III-2 Project in Yantai A significant milestone has been achieved in China’s TPU industry with the successful mechanical completion of the expanded TPU Phase III-2 project in Yantai, undertaken by Sinopec’s 14th Construction Corporation. This expansion project boasts a newly added TPU…
SABIC’s Strategic Move: $220M ULTEM™ Resin Plant Opens in Singapore
November 12, 2024 – SABIC Marks a Milestone with the Inauguration of Its ULTEM™ Resin Manufacturing Plant in Singapore SABIC has announced the official opening of its ULTEM™ resin manufacturing plant in Singapore, a $170 million (SGD 220 million) investment. This factory, SABIC’s first specialty chemical production base for high-performance thermoplastic ULTEM™ resin in the…