IndustryNews
Rongsheng Petrochemical Soars to 5th Place in Global Chemical Brands Ranking
May 14, 2025 –Rongsheng Petrochemical has made a remarkable leap in the global chemical industry landscape, securing the fifth position in Brand Finance’s “2025 Global Most Valuable Chemical Brands” list. The company’s brand value surged by 6% year-on-year, reaching an impressive $3.2 billion, marking a significant milestone in its brand journey. Since its debut on…
ADNOC-Covestro Mega – Deal: Anticipated Unconditional EU Greenlight
May 13, 2025 – According to a Reuters report, the $16.6 – billion acquisition of Covestro by the Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates is set to receive unconditional antitrust approval from the European Union under EU merger regulations. This deal, the largest ever for ADNOC, highlights the investment diversification…
LYB’s Dalian Plant Shines: Pioneering Renewable Power in Asia’s Polymer Production
May 13, 2025 – LyondellBasell (LYB), a global chemical giant, has recently made a significant stride in its sustainability journey. The company has successfully inked a one – year agreement, ensuring that its manufacturing plant in Dalian, China, will be powered entirely by renewable electricity starting this year. This remarkable achievement marks the Dalian facility…
From Tax Haven to Tariff Trouble: PepsiCo’s Irish Dilemma in the US Market
May 11, 2025 – The “tariff wave” sweeping across the United States is impacting American daily life in unexpected ways, and even the common cola bottles in people’s hands are not spared. PepsiCo, in particular, has been severely affected. Going back to the 1970s, driven by cost considerations, PepsiCo relocated its core beverage concentrate production…
Nine Japanese Firms Unite: A New Era for PET Resource Recycling
May 11, 2025 – In the global pursuit of solutions to the plastic waste recycling conundrum, Japanese companies are taking innovative strides. Recently, nine companies from diverse sectors in Japan have joined forces in a highly forward – looking cross – industry cooperation project. This initiative is specifically targeted at the challenges in PET resource…
Braskem’s Ambitious Plan: Expanding Bio – Ethylene Capacity at Home and Abroad
May 11, 2025 – Braskem, the Brazilian chemical giant, is celebrating the 15th anniversary of its groundbreaking bio – based polyethylene brand, “I’m green™”. To mark this milestone, the company has officially announced an expansion of the production capacity of its bio – ethylene plant in Triunfo, Paraíba state, northeastern Brazil. Currently, the annual output…
PE Pipes: Diverse Connection Methods and Superior Performance Attributes
May 9, 2025 – In the field of modern pipeline engineering, PE (polyethylene) pipes have firmly secured their important position because of their excellent performance. Mastering the connection technologies and characteristics of PE pipes is of great significance for ensuring the quality of projects and the safety of operation. Currently, there are multiple connection methods…
Global Expertise Powers Rönesans Holding’s $2B Investment in Turkey
May 9, 2025 – Amidst the profound realignment of global supply chains, the industrial landscape of Turkey has witnessed a major investment breakthrough. On April 28, Rönesans Holding, a renowned European contracting and investment group, announced the initiation of a polypropylene (PP) production plant and liquid bulk terminal project in Ceyhan, Turkey. This strategic endeavor,…
Middle East’s ADNOC Eyes Chemicals Dominance with Covestro Takeover
May 9, 2025 – According to a Reuters report on May 6, the €14.7 billion (about $16.6 billion) acquisition of German chemical producer Covestro by Abu Dhabi National Oil Company (ADNOC) is set to receive unconditional antitrust approval from the European Commission. This landmark deal, ADNOC’s largest to date, signals a significant strategic shift among…
Google and Dow Team Up: AI – Driven Solution for Plastic Recycling Crisis
May 8, 2025 – As the world grapples with the pervasive problem of plastic pollution and seeks breakthroughs in the circular economy, tech giant Google has joined forces with Dow, a leader in materials science, in a groundbreaking collaboration. Their aim is to leverage artificial intelligence (AI) to overcome the technical hurdles in recycling plastic…