IndustryNews
Strategic Shifts at Wansheng: Production Line Updates and Project Terminations Announced
December 16, 2024 – Wansheng Corporation (603010.SH) has recently announced updates and adjustments to its fund-raising projects. The company reveals that the construction of production lines for various projects, including “10,000 tonnes of Triethyl Phosphate,” “25,000 tonnes of Tris(2-chloropropyl) Phosphate,” “10,000 tonnes of Tris(1,3-dichloro-2-propyl) Phosphate,” “70,000 tonnes of Phosphorus Oxychloride,” “2,930 tonnes of High-end Epoxy…
Revalyu Resources: Pioneering Chemical PET Recycling for a Greener Future
December 16, 2024 – Revalyu Resources, a pioneering force in the global recycling sector, is rapidly advancing its expansion plans with the recent commencement of construction on its inaugural overseas facility in Statesboro, Georgia, USA. This state-of-the-art plant, set to commence operations in the latter half of 2027, will boast an impressive annual recycling capacity…
A Closer Look at Jusailong’s Modified Plastics Expansion and Innovation
December 15, 2024 – Jusailong Unveils Ambitious Expansion and Innovation Plans in Modified Plastics Industry Jusailong, a leading player in the modified plastics sector, has recently disclosed its investor relations activity record, revealing its latest layouts and advancements. With three major production bases in Guangzhou, Wuhu, and Chongqing, the company is demonstrating its strong confidence…
Successful Lifting of HotFlare Separation Tank Marks Completion of Ethylene Plant’s Column Installation
December 15, 2024 – A significant milestone has been achieved in the Tarim 1.2 million tonnes/year Phase II Ethylene Project undertaken by Huanqiu Sixth Construction Company for Dushanzi Petrochemical Corporation, with the successful lifting of the hot flare separation tank. This critical accomplishment marks the completion of the installation of all 38 oversized large-scale column…
Continental Leads the Way in Sustainable Tire Manufacturing
December 12, 2024 – Continental Takes Bold Steps Towards Sustainable Tire Manufacturing Continental, a leading tire manufacturer, is accelerating its commitment to sustainability by significantly increasing the use of recycled materials across its factories. This innovative move has led to an average rise of 3% in recycled content across various tire series, with some tires…
US Postpones Final Ruling on Chinese Epoxy Resins Anti-Dumping Case
December 12, 2024 – US Department of Commerce Postpones Final Ruling on Epoxy Resins Anti-Dumping Case from China to March 2025 The US Department of Commerce has recently announced a postponement of the final ruling date for the Less Than Fair Value (LTFV) case, concerning imports of certain epoxy resins from China, to March 28,…
Sustainable Strength: Covestro and Selena’s New Bio-Based Bricklaying Solution
December 12, 2024 – Covestro and the Polish Selena Group have once again collaborated to launch an innovative product: Tytan Professional® Bricklaying Adhesive. This adhesive harnesses Covestro’s bio-based MDI (diphenylmethane diisocyanate) technology, specifically its Desmodur® CQ MB series. Notably, the plant-based raw materials used have secured ISCC Plus certification, and the product excels in environmental…
Environmental Backlash Against Coca-Cola’s Changing Commitments
December 9, 2024 – Coca-Cola Faces Backlash Over Shifting Environmental Commitments Global beverage giant Coca-Cola has recently come under fire from environmental activists, who have labeled the company a “greenwasher” amid allegations that it has quietly abandoned its previous goal of achieving 25% reusable packaging by 2030. This accusation has sparked widespread public doubt about…
Global POM Market Set for Shake-Up as Hokuetsu’s Nantong Plant Launches
December 9, 2024 – Hokuriku Electric Industry Co., Ltd. (Hokuetsu), a prominent Japanese company, has announced the successful completion of operational preparations for the first phase of its 90,000-ton-per-year polyoxymethylene (POM) production facility at DaHokuetsu Engineering Plastics (Nantong) Co., Ltd. in Nantong, China. The facility is expected to commence commercial operations at the end of…
INEOS Restructures Operations: Sells Composites Business, Closes Plants
December 9, 2024 – In a significant strategic move, global chemical giant INEOS has announced a formal agreement with renowned private equity firm KPS to sell its entire composites business division. The transaction, valued at approximately 1.7 billion euros, is expected to be smoothly completed in the first half of 2025. INEOS’ composites business encompasses…