IndustryNews
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…
Diverging Fortunes: The Titanium Dioxide Industry in 2024
November 04, 2024 – The titanium dioxide (TiO2) industry in 2024 has witnessed a stark divergence in fortunes among its players. Amidst the dual pressures of a slowing macroeconomic growth and a persistent downturn in the real estate sector, the domestic TiO2 market has faced increasingly prominent supply-demand imbalances. Furthermore, anti-dumping measures imposed by the…
he Rise of China’s Ethylene Industry: Shaping the Future of Global Petrochemicals
November 04, 2024 – China’s ethylene industry has emerged as a global leader, with its capacity accounting for half of Asia’s total and surpassing the United States to rank first worldwide in 2022. Looking ahead, the country’s ethylene capacity is projected to surge by 80% to reach 83.87 million tons per annum by 2030, accounting…
Asia’s Rise in the Global Bottle-Grade PET Industry
November 04, 2024 – The global bottle-grade PET industry is undergoing a significant transformation, with its focal point gradually shifting from Europe and the United States to Asia. As the industrial restructuring deepens, Asia has emerged as a hub for new and expanded bottle-grade PET projects. Despite limited growth in global polyester bottle chip capacity…
A New Era in 3D Printing: Arkema and Yimai Intelligent’s PEKK Partnership
October 31, 2024 – Arkema and Yimai Intelligent Join Forces to Revolutionize 3D Printing with High-Performance Kepstan® PEKK Material In a groundbreaking collaboration, Arkema and Yimai Intelligent have announced a partnership to deliver advanced 3D printing solutions based on Kepstan® PEKK, a high-performance polymer. This alliance aims to enable users to rapidly manufacture PEKK printed…
Middle East Becomes Hotspot for China’s Polyester Industry Expansion
October 31, 2024 – The rapid expansion of China’s polyester industry has led to a situation where the domestic market can no longer satisfy its growing demand, making it imperative for the industry to venture overseas. The Middle East market, serving as a vital production hub connecting Europe, is emerging as a popular destination for…
Asian Plastic Recycling Industry Gears Up for Inaugural PRS Event in Singapore
October 30, 2024 – Premier Asian Plastic Recycling Show (PRS) Set to Open at Marina Bay Sands in Singapore The inaugural Asian Plastic Recycling Show (PRS), scheduled for November 13-14, 2024, is poised to kick off at the prestigious Marina Bay Sands Convention Centre in Singapore. This two-day event promises to bring together elite professionals…
Mitsubishi Chemical Unveils High-Bio-Content BENEBiOL™ Polycarbonate Diol
October 29, 2024 – Mitsubishi Chemical Group (MCG) has unveiled its latest breakthrough, BENEBiOL™, a polycarbonate diol with a significantly higher bio-based content. This groundbreaking product will make its debut at the 4th Sustainable Materials Exhibition, held at the Makuhari Messe in Chiba, Japan, at the end of October. According to MCG, BENEBiOL™ is the…
Ruifeng Advanced Materials Faces Challenges Despite Revenue Growth in 2024 Financial Report
October 29, 2024 – Ruifeng Advanced Materials Reports Mixed Financial Results for First Three Quarters of 2024 Ruifeng Advanced Materials (SZ 300243) has recently released its financial report for the first three quarters of 2024. The report reveals that the company achieved approximately RMB 1.47 billion in revenue during this period, marking an 11.66% increase…