IndustryNews
Novamont’s “Closed-Loop Stranglehold” Leads to Hefty €32M Competition Law Fine
June 27, 2025 – Italian Bioplastics Giant Faces Record €32.1M Antitrust Fine In a landmark decision shaking Europe’s sustainable materials sector, Italy’s Competition and Market Authority (AGCM) has imposed massive penalties totaling €32.1 million on bioplastics leader Novamont and its parent company Eni for alleged monopolistic practices between 2018-2023. Market Dominance Under ScrutinyThe investigation, triggered…
From Market Perform to Underperform: Dow Chemical Faces Mounting Headwinds
June 25, 2025 – Dow Chemical Faces Mounting Challenges as Analyst Sentiment Turns Negative AsiaMB Market Watch: BMO Capital Markets has delivered a sobering assessment of Dow Chemical’s prospects, downgrading the chemical giant’s stock rating from “Market Perform” to “Underperform” while slashing its price target by 24% to $22. This dramatic revision signals growing skepticism…
CCEC’s Petrochemical and Clean Energy Projects Reshape Central Asia’s Industrial Landscape
June 25, 2025 – China Chemical Engineering Group (CCEC) has achieved remarkable breakthroughs across Central Asia, coinciding with the Second China-Central Asia Summit. The state-owned enterprise has been transforming the region’s industrial landscape through cutting-edge chemical engineering projects. Pioneering Petrochemical Projects Reshape Kazakhstan CCEC’s Integrated Petrochemical Complex (IPCI) in Kazakhstan represents a historic milestone as…
New Zhejiang Plant to Boost China’s LED Material Supply Chain
June 24, 2025 – Xiamen Jinbang Launches Major LED Material Production Base in Zhejiang AsiaMB Exclusive – Xiamen Jinbang Holdings has begun construction on a ¥230 million engineering plastics facility in Qintang Township, Zhejiang Province, marking a strategic expansion into LED lighting materials. The project will establish crucial upstream supply capabilities for China’s growing optoelectronics…
From Bottles to Beats: Coldplay Pioneers 100% Recycled Plastic Vinyl Records
June 24, 2025 – Coldplay’s Recycled Vinyl Revolution: A New Frontier for PCR Plastics in Entertainment AsiaMB Exclusive – In an unprecedented move for both the music and plastics industries, Coldplay has unveiled plans to reissue its entire discography on vinyl records made entirely from post-consumer recycled PET bottles. This groundbreaking initiative demonstrates innovative applications…
Europe’s Advanced Recycling Breakthrough Could Revolutionize Color Masterbatch Supply
June 24, 2025 – Chemical Recycling Breakthrough Opens New Era for Masterbatch Sustainability AsiaMB Exclusive – Versalis, the Italian chemical giant, has inaugurated Europe’s most advanced plastic waste recycling demonstration plant in Mantua, presenting new opportunities for sustainable color masterbatch production. The facility’s revolutionary Hoop® pyrolysis technology achieves an industry-leading 83% conversion rate, transforming mixed…
Sinopec Leads International Consortium in Kazakhstan’s Key Polymer Facility Deal
June 24, 2025 – Chinese Petrochemical Giant Secures Landmark Deal in Kazakhstan’s Polymer Sector Sinopec Engineering Group has achieved a strategic breakthrough in Central Asia’s petrochemical market with the signing of a major EPC contract for polyethylene facilities at Kazakhstan’s Silleno project. The agreement, involving a multinational consortium, represents a significant advancement for China’s color…
Green Hydrogen Meets Coal Chemistry: Baofeng Expands Olefins Portfolio in Inner Mongolia
June 23, 2025 – AsiaMB Exclusive: Inner Mongolia Baofeng Launches Pioneering C4-to-1-Butene Project Inner Mongolia Baofeng Coal-Based New Material Co. has taken a significant step in coal chemical valorization with its newly proposed 250,000 t/y C4-to-1-butene facility. The environmental impact assessment for this innovative project was officially accepted on June 17, marking another milestone for…
The Great Shutdown: How Europe’s Energy Policies Are Dismantling Its Chemical Sector
June 23, 2025 – AsiaMB Special Report: Europe’s Chemical Industry Faces Existential Crisis as Major Plants Shutter Europe’s chemical sector is undergoing a seismic shift as INEOS Phenol announces the permanent closure of its Gladbeck, Germany facility – the world’s largest phenol production site. This 650,000-ton capacity plant, operational since 1954, will terminate its entire…
From Trash to Treasure: Eastman’s High-Tech Solution for Sustainable Plastics
June 23, 2025 – AsiaMB Exclusive: Eastman’s Molecular Recycling Revolution Transforms Plastic Waste Management In a groundbreaking development for the plastics industry, Eastman Chemical Company has pioneered an advanced molecular recycling technology that’s setting new standards for circular economy solutions. This innovative approach chemically breaks down post-consumer plastic waste into molecular building blocks, enabling the…