Chengdu’s Foreign Investment Surges: Indoray Group Adds $30M to $2B Portfolio with New Biodegradable Plastics Venture
June 4, 2025 – Chengdu’s bioplastics industry landscape has gained a significant boost with a major foreign investment project announced by Indonesia’s Indoray Group. During a recent visit to the city, Executive Director Goh Boon Seng revealed plans to establish a biodegradable plastics production hub in Chengdu, marking a pivotal strategic move for the group’s…
Living Plastics” and PHA Breakthroughs: China’s Tech Drive Reshapes Global Biodegradables Landscape
June 4, 2025 – The global plastics industry is undergoing an unprecedented green revolution, with biodegradable plastics transitioning from laboratory concepts to large-scale applications as a pivotal solution to combat “white pollution.” Latest figures show the global biodegradable plastics market surpassed $13 billion in 2024, with China leading worldwide production at 1.96 million metric tons…
Clariant Defends Against EU Antitrust Claims: Cites 2020 Fine as Precedent in Ongoing Litigation
June 4, 2025 – International chemical giant Clariant has been thrust into a fresh antitrust litigation storm after receiving a €1 billion damages lawsuit filed by the Dutch OMV Group at the Amsterdam Court on May 26. This marks the fifth such legal action against Clariant in the past two years, intensifying scrutiny over its…
East China’s New Materials Hub Takes Shape: Rongsheng’s 30+ Unit Complex Enters Construction Phase
June 4, 2025 – A major milestone has been reached in the construction of Rongsheng New Materials (Zhoushan) Co., Ltd.’s Jin Tang Island chemical complex, as the first steel structure column for its 300,000-ton-per-year polyethylene oxide (PEO) unit was successfully hoisted. The event marks the official launch of the installation phase for the facility, highlighting…
From Samsung Acquisition to Domestic Dominance: Wotefoam’s LCP Journey Powers Polymer Industry Breakthrough
June 4, 2025 – China’s special polymer materials sector has achieved a major breakthrough with the recent commissioning of the Chongqing production base of Wotefoam. The milestone marks a significant leap in the country’s self-sufficient capability in core materials for strategic emerging industries such as 5G communications and artificial intelligence. The newly operational Chongqing Wotefoam…
Sasol to Close 4 Plants in Europe and U.S. by 2026: Shift to ‘Value-First’ Strategy Amid Market Pressures
June 4, 2025 – Global chemical giant Sasol has unveiled a major strategic realignment, announcing plans to shutter four manufacturing facilities across Europe and the U.S. over the next 18 months in response to structural shifts in the chemical market. The company revealed during its Capital Markets Day that two phenolic plastics plants in Houston,…
Texas Plastic Recycling Plant in Crosshairs as Trump Admin Cancels $375M for Eastman’s Pyrolysis Tech
June 4, 2025 – A seismic shift in U.S. energy policy has sent shockwaves through industries, after the Department of Energy abruptly canceled $3.7 billion in clean energy subsidies in late May. The move directly impacts 24 approved projects, including Eastman Chemical’s $1.2 billion waste plastic chemical recycling plant in Texas, which loses $375 million…
Private Enterprises Lead Profit Growth in China’s Industrial Sector; Coal Mining Plummets 48.9%
June 4, 2025 – China’s industrial economy maintained a steady and progressive trajectory from January to April this year, according to the latest data released by the National Bureau of Statistics. During this period, national industrial enterprises above designated size accumulated profits of 2.12 trillion yuan, marking a 1.4% year-on-year increase. Notably, the profit growth…
Chemical Recycling Milestone: A $100B Market Just Got Real
May 30, 2025 -Plastic Waste Gets New Life: Alterra’s Breakthrough Validated in Major Refinery Test AsiaMB Exclusive – The color masterbatch industry may soon access a new stream of recycled materials following Alterra’s successful industrial validation of its plastic-to-fuel technology. In a landmark trial at Viva Energy’s Geelong refinery, 9.5 tons of plastic pyrolysis oil…
Encapsys Goes Local: Milliken’s Singapore Gamble for Faster Asian Innovation
May 30, 2025 -Milliken’s Singapore Breakthrough: A Game-Changer for Asia’s Color Masterbatch Industry AsiaMB Exclusive – The color masterbatch sector is set to benefit from Milliken & Company’s strategic new Asian production hub. The global manufacturer’s first chemical plant in Singapore represents a $50 million investment that will reshape regional supply chains for performance-enhancing additives….