IndustryNews
Guoen Chemical (Dongming) Resumes Production with Grand Plans
December 31, 2024 – Guoen Technology’s Chemical Revival: Asia’s Largest Polystyrene Line Resumes Production Guoen Technology Co., Ltd., based in Qingdao, has successfully injected new life into its high-end chemical new materials and supporting projects under Guoen Chemical, formally initiating the resumption of production procedures for Asia’s largest polystyrene production line. The project, formerly known…
Major Deal: Sanlipu’s Affiliate to Take Over Part of Sumitomo’s LCD Business
December 31, 2024 – Sanlipu Announces Upcoming Acquisition of Sumitomo Chemical’s LCD Polarizer Business Assets Sanlipu has recently unveiled a significant announcement revealing that Hubei Liyou Optoelectronic Technology Co., Ltd., a subsidiary controlled by its affiliated company Hubei Sanlipu Optoelectronic Technology Co., Ltd., is preparing to acquire equity and asset services related to part of…
UIF Pioneers Innovative Technologies in Polyester Production
December 26, 2024 – Global Chemical Giant UIF Showcases Excellence in Polyester with Innovative Technologies Uhde Inventa-Fischer (UIF), a century-old provider of polymerization equipment, has once again demonstrated its outstanding capabilities in the polyester sector. Renowned worldwide for its proprietary patents in polyester and polyamide production processes and equipment development, UIF has played a pivotal…
Indorama Ventures Launches RECO Collective 2025, Fostering Sustainable Practices in SMEs
December 26, 2024 – Indorama Ventures Launches RECO Collective 2025 to Empower SMEs in Sustainable Fashion and Furniture Global sustainable chemistry giant Indorama Ventures has recently announced the official launch of its RECO Collective 2025 initiative, aimed at deepening education on recycling and upcycling practices and inspiring small and medium-sized enterprises (SMEs) in the fashion…
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…