Plastic Chemical Recycling and Biobased Plastics Forum to Spark Industry Discussions
August 14, 2024 – Two significant news items have emerged recently in the chemical industry. Firstly, the highly anticipated 2024 Plastic Chemical Recycling and Biobased Plastics Forum is scheduled to take place in Zhoushan on September 24th. This forum will gather industry experts and corporate representatives to collectively explore market opportunities in the field of…
Innovative Recycled Feedstock: BASF’s Step Towards Circular Economy with Braven PyChem®
March 24, 2025 – On March 11, 2025, BASF and Braven Environmental, a leader in advanced recycling, officially signed a groundbreaking supply agreement for Braven PyChem®. This innovative recycled feedstock, derived from mixed plastic waste, will partially replace fossil resources at BASF’s BTP plant in Port Arthur, Texas, marking a significant step forward in BASF’s…
Future of Plastic Industry at Risk: Study Urges Global Cooperation for Sustainability
November 23, 2024 – A recent study on global plastic consumption and waste management has sparked widespread industry attention. The report unveils that in 2020, the world consumed a staggering 547 million tons of plastic, with virgin plastic accounting for 86% and recycled plastic merely 14%. In terms of regional consumption, China led the pack…
DeepSeek’s Strategy Paves Way for Chemical Industry Transformation
February 20, 2025 – The chemical industry is on the brink of unprecedented opportunities and transformations as the AI wave surges forward. Recently, DeepSeek has successfully disrupted the long-standing “compute power stacking” model in the global AI industry with its innovative “low-cost + open-source approach” strategy, paving the way for the widespread application of AI…
Challenges Arise in Bid to Eradicate Pacific Plastic Waste
February 11, 2025 – Ambitious Plan to Rid the Great Pacific Garbage Patch Faces Hurdles Plastic products have undeniably revolutionized daily life, but they have also posed increasingly severe environmental challenges. Globally, plastic recycling rates hover around a mere 15%, leading to tens of millions of tons of plastic waste entering oceans annually. The contaminated…
New Patent Award for Anhui Dingshuo’s Advanced Pelletizing Machine Design
January 3, 2025 – Groundbreaking Patent Awarded to Anhui Dingshuo New Materials for Innovative Pelletizing Machine The National Intellectual Property Administration has recently unveiled its latest patent grant, with Anhui Dingshuo New Materials Co., Ltd. securing a utility model patent titled “New-type Pelletizing Machine Equipment.” The patent application, submitted in May 2024, marks a significant…
China’s Polypropylene Industry Hits New Expansion Heights in 2024
September 12, 2024 – China’s polypropylene industry is embarking on a new peak of capacity expansion in 2024. Over the past five years, the industry has witnessed a steady growth in capacity with an average increase rate of 11.71%. However, the outbreak of the COVID-19 pandemic in 2020 led to delays in some enterprises’ planned…
Ascend Performance Materials’ Chapter 11 Filing: Navigating Challenges in a Restructuring Nylon Market
May 6, 2025 – Ascend Performance Materials, a globally renowned producer of polyamides, made a significant announcement on April 22. With the strong support of key stakeholders such as some existing creditor institutions, it has formally submitted an application to the United States Bankruptcy Court for the Southern District of Texas, initiating the Chapter 11…
The Rising Potential of SAP: Lumus and Yulin Chemical Join Forces
February 17, 2025 – Lumus Technology Inc. has announced a significant breakthrough with the successful securing of a commercial contract from Yulin Chemical Co., Ltd., a subsidiary of Shaanxi Coal and Chemical Industry Group, for its Super Absorbent Polymer (SAP) technology. This marks the first commercial license for Lumus’ SAP technology since its integration into…
ADNOC and OMV in Talks to Form New Global Polyolefins Giant
February 16, 2025 – ADNOC Announces Positive Talks for Merger and Acquisition to Form Global Polyolefins Giant Abu Dhabi National Oil Company (ADNOC) officially announced on February 1st that it is engaged in active and constructive negotiations with OMV AG to consolidate their stakes in Borouge plc and Borealis AG, aiming to create a brand-new…