Sumitomo Chemical Bolsters LCP Portfolio with Syensqo Acquisition
February 11, 2025 – Sumitomo Chemical Expands Market Footprint with Acquisition of Syensqo’s LCP Resin Business Sumitomo Chemical has made a strong move to expand its market presence by acquiring the liquid crystal polymer (LCP) resin business of Belgian company Syensqo SA/NV (hereinafter referred to as “Syensqo”). The acquisition aims to integrate Syensqo’s products and…
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…
Indian Ministry Halts Investigation: No Dumping Proven in Chinese Fastener Imports
February 11, 2025 – India’s Ministry of Commerce and Industry has made an announcement, deciding to terminate the anti-dumping investigation against fasteners originated in or imported from China. The decision was made on February 7, 2025, due to the lack of sufficient evidence provided by the domestic industry to prove the existence of dumping and…
Super Platform in the Making: Adnoc, OMV, and Nova Chemicals to Merge
February 11, 2025 – Major Consolidation Hits Global Energy and Chemical Industry: Adnoc and OMV Join Forces in Bid to Acquire Nova Chemicals The global energy and chemical industry has witnessed a wave of significant consolidations recently. Abu Dhabi National Oil Company (Adnoc) and Austrian energy group OMV have announced that they are in advanced…
BASF Performance Materials Division Embraces Renewable Energy by 2025
February 11, 2025 – BASF’s Performance Materials Division Switches to Renewable Energy for European Plants by 2025 In a significant announcement, BASF’s Performance Materials Division has revealed plans to fully transition all its European plants to renewable energy for electricity by January 1, 2025. This bold move underscores BASF’s unwavering commitment to sustainability. Martin Jung,…
US Ports Handle Massive Container Imports Before Tariff Deadline
February 11, 2025 – Record-Breaking US Container Imports in January Amid Tariff-Driven Stockpiling Frenzy As the looming “February 4th Tariff Day” threatened by Donald Trump drew near, the volume of container imports into the United States unexpectedly surged to an all-time high for the month of January. According to the latest data from Descartes, a…
Recycled Silica: The Key to Sustainable Tire Production from Solvay and Hankook Tire
February 11, 2025 – Solvay and Hankook Tire Join Forces to Pioneer Recycled Silica Development for a Sustainable Tire Future Recently, Solvay, a leading global chemical company, and Hankook Tire, a tire manufacturer, announced a significant agreement to collaborate on technological innovation and jointly develop “recycled silica” materials. This partnership marks a crucial step forward…
Orion Engineered Carbons Navigates Market Turbulence with Strategic Shifts
February 11, 2025 – Orion Engineered Carbons Tackles Market Challenges with Strategic Adjustments Recently, according to the British publication European Rubber Journal, Orion Engineered Carbons, based in Houston, USA, encountered a downturn in demand for rubber in the final quarter of 2024 in Western markets. This situation was primarily caused by a surge in tire…
Innovative Technologies Tackle Oil Fume Emissions in Rubber & Plastic Industry
February 11, 2025 – The rubber and plastic materials manufacturing industry inevitably generates oil fume emissions during its production processes, primarily stemming from kitchens, injection molding, and vulcanization procedures. To tackle this environmental challenge, the industry and external stakeholders have been exploring and adopting a series of innovative technologies, striving to ensure that emissions meet…
Cabot Corporation Sees Growth in Reinforcement Materials, Thanks to Strong Markets
February 11, 2025 – Cabot Corporation’s Reinforcement Materials Division Sees Sales Surge, Driven by Asian and European Markets Cabot Corporation has recently announced impressive sales figures for its Reinforcement Materials division, which specializes in the production of carbon black for rubber reinforcement. The division has witnessed a significant uptick in sales, primarily fueled by robust…