IndustryNews
Single Champions Drive Petrochemical Industry’s High-Quality Development
November 25, 2024 – A comprehensive analysis of premier enterprises in the petrochemical sector was presented by Tang Shengxiu, Deputy Director of Quality, Safety, and Environmental Protection at the China Petroleum and Chemical Industry Federation, during the Second Forum on Gradient Cultivation and Development of High-Quality Petrochemical Enterprises and the Experience Exchange Meeting of Champion…
California Lawsuit vs. ExxonMobil: Recycling Controversy
November 23, 2024 – ExxonMobil has unveiled a significant investment plan, committing over $200 million to expand its advanced recycling operations in Baytown and Beaumont, Texas. This new venture, set to commence in 2026, promises to substantially boost ExxonMobil’s global plastic processing capabilities, contributing to environmental conservation efforts. Through this investment, ExxonMobil’s advanced recycling capacity…
Nippon Holdings Consolidates Indian Footprint After Share Repurchases
November 22, 2024 – Nippon Paint Holdings Completes Repurchase of Indian Subsidiaries Nippon Paint Holdings Co., Ltd. (hereinafter referred to as Nippon Holdings) has officially announced the completion of the repurchase of shares in two significant Indian paint manufacturing companies, reintegrating them into its fold as subsidiaries. The transaction was finalized on November 16, 2024….
Pioneering Biogas Development: A Tripartite Partnership
November 22, 2024 – BASF, Shanghai Gas under the Sheneng Group, and Shenji Environmental Technology have recently inked a memorandum of understanding (MOU), marking a deep collaboration in the biogas sector. This strategic move aims to propel the market application and international certification of biogas, jointly exploring sustainable solutions to accelerate the development of the…
Dongming Petrochemical Achieves Breakthrough with World’s First E-POE Project
November 20, 2024 – Dongming Petrochemical Group (hereinafter referred to as “Dongming Petrochemical”) has announced exciting news: the world’s first 5,000-ton/year Ethylene-based Polyolefin Elastomer (E-POE) project has been successfully established, with the plant now ready for trial production. This landmark achievement signifies a solid step forward in breaking the foreign monopoly on POE technology and…
Revolutionizing PET Bottle Recycling: Coca-Cola and Amut’s Collaborative Effort
November 19, 2024 – Coca-Cola Takes Bold Steps Towards 2025 Sustainability Goals with Reduced PET Usage Coca-Cola is making significant strides towards its 2025 sustainability targets, aiming to drastically cut down on PET usage. In a move that underscores both environmental commitment and packaging resilience, the company plans to eliminate the equivalent of nearly 800…
Intco Recycling Updates on Malaysian rPET Project Progress and PET Performance
November 18, 2024 – Intco Recycling Provides Insights into Malaysian rPET Project and PET Performance Intco Recycling (688087.SH) has recently addressed investor inquiries regarding its 100,000-ton rPET capacity project in Malaysia and the performance of its already established 50,000-ton PET project. The company provided a detailed response on November 15th via an investor interaction platform….
Mitsubishi Chemical to Transform and Expand with KV35 Strategy
November 18, 2024 – Mitsubishi Chemical Group has unveiled its ambitious business vision, “KAITEKI Vision 35 (KV35),” aiming to make its chemical business the core driver of growth. The company aspires to achieve a core operating revenue of 570 billion yen (approximately 26.37 billion RMB) by 2029 and further soar to 900 billion yen (around…
Cangzhou Dahua’s PC Products Gain EU Market Access with REACH Certification
November 18, 2024 – Cangzhou Dahua has announced the successful completion of the EU REACH certification for its Polycarbonate (PC) products. The smooth shipment of the first 51 tons of PC products to Europe not only signifies that Cangzhou Dahua’s PC products fully comply with European safety and environmental standards but also marks the company’s…
Revalyu’s Ambitious Expansion: A Boost for PET Circular Economy
November 15, 2024 – Revalyu Resources, a global leader in chemical PET recycling, has announced the official opening of its second PET recycling plant in Nashik, India. This significant milestone not only highlights Revalyu’s strategic layout in the global PET recycling market but also substantially boosts its production capacity to meet worldwide customer demands. Currently,…