IndustryNews
Major Upgrade on the Horizon for Shanghai Petrochemical
January 18, 2025 – Shanghai Petrochemical Announces Ambitious Self-Financed Technological Transformation and Upgrade Plan Shanghai Petrochemical has recently announced its plan to self-finance a project worth approximately RMB 21.307 billion to drive a comprehensive technological transformation and quality upgrade across the company. This initiative aims to achieve a more efficient and environmentally friendly production model…
Mitsui Chemicals Expands Capacity for High-Demand MR™ Eyeglass Lens Material
January 18, 2025 – Mitsui Chemicals Announces Capacity Expansion for MR™ Eyeglass Lens Material Mitsui Chemicals has recently announced a significant capacity expansion for its exclusively developed MR™ eyeglass lens material. This move aims to cater to the escalating global demand for high-refractive-index eyeglass lenses. The polyurethane-based lens material, manufactured using advanced polymerization technology, boasts…
Recycling Revolution in Dongchuan: Kunming Pengcheng’s Project Kicks Off, Aiming for Circular Economy
January 18, 2025 – Kunming Pengcheng Kicks Off E-Waste Recycling Project, Boosting Dongchuan’s Recycling Industry The e-waste dismantling and recycling project of Kunming Pengcheng Recycled Resources Recovery Co., Ltd. has successfully commenced trial operations in the Sifangdi area of Dongchuan Industrial Park, infusing new vitality into Dongchuan’s recycled resources industry. With an estimated annual output…
DIC’s New Plant Pioneers Closed-Loop Recycling of Patterned Foam Trays
January 18, 2025 – DIC Group and FPCO Collaborate on Japan’s First Closed-Loop Recycling System for Colored and Patterned Foam Food Trays The DIC Group of Japan has announced the successful completion of its Yokkaichi plant in Yokkaichi City, Mie Prefecture. This plant specializes in the dissolution and separation of polystyrene materials recovered from colored…
Expanding Horizons: Hang Yang Group’s Acquisition in the Gas Industry
January 18, 2025 – Hang Yang Group Accelerates Gas Industry Layout with Strategic Acquisition Hang Yang Group, aspiring to become a global leader in the gas industry, has kicked off the new year with renewed vigor, accelerating its layout within the sector. Recent announcements reveal the company’s plan to acquire Hangzhou New Century Mixed Gas…
BASF Launches Major Lawsuit Over Ethylene Price Manipulation
January 18, 2025 – BASF Launches Billion-Euro Lawsuit Against Four Firms for Alleged Ethylene Price Manipulation German chemical giant BASF has recently initiated a lawsuit seeking billions in damages against four companies accused of manipulating ethylene procurement prices. Confirming the move, BASF officially filed the suit on January 16 against the firms implicated in the…
Major Milestone: Sinopec Approves Overall Design for Yueyang’s Giant Ethylene Project
January 18, 2025 – Sinopec Approves Overall Design for Yueyang Ethylene Project, Marking Substantial Progress Sinopec Group has officially announced the approval of the overall design for the ethylene section of the Yueyang Ethylene Project, expressing principled agreement on the project’s general process flow, construction scale, and product plan. This significant development signifies the advancement…
Global Chemical Giants Announce Price Adjustments Amid Cost Pressures
January 18, 2025 – The chemical industry has kicked off the new year with a wave of price hikes as global giants announce adjustments to their product prices in response to escalating cost pressures. On January 15th, Wanhua Chemical announced an increase in the selling prices of MDI (diphenylmethane diisocyanate) and TDI (toluene diisocyanate) in…
Yizheng Chemical Fiber Leads the Way in Functional Polyester Materials
January 18, 2025 – Sinopec Yizheng Chemical Fiber Company has announced exciting news with the successful commissioning of China’s first 500,000-ton/year bottle-grade chip plant utilizing polyester medium-viscosity process technology. This project adopts a domestically leading short-process production technology independently developed by Sinopec, highlighting China’s new achievements in technology and equipment in the non-fiber polyester field…
CIMC Green Energy Low-Carbon Tech Makes Progress with Biomass Fuel Plan
January 18, 2025 – CIMC Green Energy Low-Carbon Technology (Zhanjiang) Co., Ltd. has announced positive news as the energy-saving report for its 50,000-ton/year biomass liquid fuel project has successfully passed the review. This project marks a solid step forward for the company in the field of green energy. It is reported that the main construction…