IndustryNews
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…
Sustainable Milestone: BASF’s Shanghai Plant Achieves ISCC+ for PA6
November 11, 2024 – BASF’s Shanghai PA6 Plant Achieves ISCC+ Certification for Sustainable Production BASF’s Monomers division has announced that its polyamide 6 (PA6, also known as Nylon 6) production facility in Shanghai has successfully obtained the International Sustainability and Carbon Certification (ISCC+), marking a significant milestone. The certification enables the plant to produce and…
PLA Spoon Recall Highlights Safety, Transportation Challenges
November 11, 2024 – PLA Tableware from China Recalled in Denmark Due to Safety Concerns A recent incident has seen a batch of polylactic acid (PLA) tableware exported from China to Denmark being recalled. The spoons, made from PLA material, were found to degrade rapidly, leading to the formation of small parts that pose a…
Nissan Unveils Bold Plan to Turnaround Financial Fortunes
November 11, 2024 – Nissan Motors Unveils Major Restructuring Plan Amidst Financial Struggles Nissan Motors announced a significant restructuring plan on Thursday, aiming to navigate through a period of declining sales by cutting 9,000 jobs globally and reducing its production capacity by 20%. This move comes after the company reported a stark turn from profit…
Tianfulong Group Revives IPO Bid with New Accounting Firm and Financial Update
November 08, 2024 – Yangzhou Tianfulong Group Resumes IPO Journey with New Accounting Firm and Updated Financials Yangzhou Tianfulong Group Co., Ltd. (hereinafter referred to as “Tianfulong”), a leading high-tech enterprise specializing in the research, development, and sales of differentiated polyester staple fibers, has recently made progress in its Main Board IPO application after a…
The Vital Role of PV Encapsulant Films in the Photovoltaic Boom
November 08, 2024 – As the photovoltaic industry continues to soar, PV encapsulant films, a vital material for the encapsulation of PV modules, are increasingly coming into the spotlight. These films serve as the “guardians” of solar cell modules, providing not only encapsulation and protection but also enhancing the modules’ photoelectric conversion efficiency and prolonging…
Global Chemical Recycling Standardization: A Pioneering Collaboration
November 07, 2024 – A groundbreaking collaboration has been inked by Neste, Alterra, and Technip Energies, aiming to standardize global chemical recycling technologies and bolster plastic circularity efforts. This partnership leverages Alterra’s exclusive liquefaction technology to provide a standardized and modular liquefaction plant solution for companies worldwide interested in venturing into chemical recycling. The modular…
Suntory Partners with Seven Companies to Create Sustainable Bio-Paraxylene PET Bottles
November 07, 2024 – Global Beverage Giant Suntory Unveils World’s First Commercial Bio-Paraxylene PET Bottles from Waste Cooking Oil In a groundbreaking move, Japanese beverage conglomerate Suntory has announced the launch of PET bottles produced using bio-paraxylene derived from waste cooking oil, effective November 2024. This innovative initiative marks the debut of the world’s first…
Chemical Industry Faces Tough Choices Amid Market Turmoil
November 07, 2024 – The chemical industry is currently grappling with severe challenges posed by a multitude of macroeconomic factors, including overcapacity and sluggish demand. In response to these market difficulties, numerous chemical companies have been forced to make difficult decisions, such as permanently closing factories, delaying or canceling projects, shutting down plants, and abandoning…