IndustryNews
France Secures EU Nod for €500M Chemical Recycling Support Scheme
February 13, 2025 – EU Greenlights €500 Million French Plan to Boost Chemical Recycling of Plastics The European Commission has recently given the green light to a French proposal, allocating up to €500 million (approximately RMB 3.8 billion), to support chemical recycling of plastic waste. This initiative aims to promote the chemical recycling of specific…
Sustainable Straws by CJ Biomaterials Hit TOUS les JOURS U.S. Locations
February 13, 2025 – TOUS les JOURS Embraces Sustainable Innovation with Plant-Based Straws Across U.S. Stores Renowned South Korean bakery chain TOUS les JOURS (also known as “TLJ”), a subsidiary of CJ Group, the largest food company in South Korea, has announced the nationwide rollout of innovative plant-based plastic straws at all its U.S. locations…
DuPont Sees Solid Q4 and Full-Year 2024, Outlook for 2025 Remains Positive
February 13, 2025 – DuPont Reports Solid 2024 Performance with Notable Growth in Electronics & Industrials Segment DuPont has released its fourth-quarter and full-year 2024 financial results, revealing a robust overall performance with standout contributions from multiple business segments. For the full year, the company achieved net sales of $12.4 billion, marking a 3% increase…
AkzoNobel Plans India Exit, Triggers High-Stakes Bidding War
February 12, 2025 – AkzoNobel, a multinational coatings giant with a seven-decade-long presence in India, is reportedly planning a complete exit from the Indian market and is looking to divest its Indian subsidiary. The company has recently concluded the bidding process for the sale of its stake in the Indian arm. In a fiercely contested…
Sumitomo Chemical Bolsters LCP Portfolio with Syensqo Acquisition
February 11, 2025 – Sumitomo Chemical Expands Market Footprint with Acquisition of Syensqo’s LCP Resin Business Sumitomo Chemical has made a strong move to expand its market presence by acquiring the liquid crystal polymer (LCP) resin business of Belgian company Syensqo SA/NV (hereinafter referred to as “Syensqo”). The acquisition aims to integrate Syensqo’s products and…
BASF Performance Materials Division Embraces Renewable Energy by 2025
February 11, 2025 – BASF’s Performance Materials Division Switches to Renewable Energy for European Plants by 2025 In a significant announcement, BASF’s Performance Materials Division has revealed plans to fully transition all its European plants to renewable energy for electricity by January 1, 2025. This bold move underscores BASF’s unwavering commitment to sustainability. Martin Jung,…
Recycled Silica: The Key to Sustainable Tire Production from Solvay and Hankook Tire
February 11, 2025 – Solvay and Hankook Tire Join Forces to Pioneer Recycled Silica Development for a Sustainable Tire Future Recently, Solvay, a leading global chemical company, and Hankook Tire, a tire manufacturer, announced a significant agreement to collaborate on technological innovation and jointly develop “recycled silica” materials. This partnership marks a crucial step forward…
Orion Engineered Carbons Navigates Market Turbulence with Strategic Shifts
February 11, 2025 – Orion Engineered Carbons Tackles Market Challenges with Strategic Adjustments Recently, according to the British publication European Rubber Journal, Orion Engineered Carbons, based in Houston, USA, encountered a downturn in demand for rubber in the final quarter of 2024 in Western markets. This situation was primarily caused by a surge in tire…
Cabot Corporation Sees Growth in Reinforcement Materials, Thanks to Strong Markets
February 11, 2025 – Cabot Corporation’s Reinforcement Materials Division Sees Sales Surge, Driven by Asian and European Markets Cabot Corporation has recently announced impressive sales figures for its Reinforcement Materials division, which specializes in the production of carbon black for rubber reinforcement. The division has witnessed a significant uptick in sales, primarily fueled by robust…
Dow Reports Decline in Q4 Sales, Outlines $1B Cost-Saving Plan
February 9, 2025 – Dow Inc. Reports Q4 2024 Financial Results, Outlines Cost-Saving Measures Dow Inc. recently released its fourth-quarter 2024 financial report, revealing net sales of $10.4 billion, marking a 2% decline compared to the same period last year. This decrease was primarily attributed to the underperformance of the Packaging & Specialty Plastics segment….