Chemical
PO11 Plant Closure: LyondellBasell and Covestro Address Profitability Pressures
March 19, 2025 – LyondellBasell and Covestro have jointly announced the permanent shutdown of the PO/SM production unit, PO11, located at their Maasvlakte plant in the Netherlands. This decision comes amidst global chemical market oversupply, a surge in Asian imports, and persistently high production costs in Europe, aiming to address the ongoing profitability challenges faced…
From Flexibility to Controversy: The Hidden Dangers of Plasticizers in Consumer Products
March 17, 2025 – Plastic products, celebrated for their lightweight durability and cost-effectiveness, have become ubiquitous in modern life, spanning applications from food packaging to medical devices. However, the widespread use of plasticizers—key additives that enhance material flexibility and reduce production costs—has sparked growing public concern over their potential health risks. While these chemicals are…
Europe’s Chemical Exodus: How BASF’s €10B China Bet Signals a Global Industry Reset
March 17, 2025 – Europe’s chemical industry is undergoing a dramatic contraction, with the European Chemical Industry Council reporting the shutdown of approximately 11 million tons of annual production capacity between 2023 and 2024. Olefins capacity has been reduced by 26%, resulting in a loss of 2.86 million tons of ethylene and propylene output. According…
Cost-Saving Measures Propel Some Chemical Firms to Growth in 2024
March 13, 2025 – Global chemical giants have recently unveiled their 2024 annual performance reports, revealing a myriad of strategies employed to navigate the complex and volatile market landscape. Amidst the challenges, cost-cutting measures have emerged as a prominent theme for many, with BASF, Dow, Covestro, Arkema, DuPont, and 15 other notable chemical companies grabbing…
Industrial AI Takes Center Stage in Supcon’s Yulin Coal Deep Processing Base Win
March 12, 2025 – Supcon Technology has emerged as the standout winner in the bidding for the Main Digital Vendor (MDV) role in the ChinaCoal Shaanxi Energy & Chemical Industry Group Co., Ltd. (hereinafter referred to as “ChinaCoal Shaanxi”)’s Yulin Coal Deep Processing Base project, securing a contract worth nearly a hundred million yuan. This…
Dow Reports Decline in Q4 Sales, Outlines $1B Cost-Saving Plan
February 9, 2025 – Dow Inc. Reports Q4 2024 Financial Results, Outlines Cost-Saving Measures Dow Inc. recently released its fourth-quarter 2024 financial report, revealing net sales of $10.4 billion, marking a 2% decline compared to the same period last year. This decrease was primarily attributed to the underperformance of the Packaging & Specialty Plastics segment….
Blockchain Technology Paves the Way for Transparent Chemical Recycling Supply Chains
January 21, 2025 – Mitsubishi Chemical and Chaintope Complete Pilot Test for Chemical Recycling Supply Chain Traceability System Mitsubishi Chemical Corporation has recently announced the successful completion of a pilot test for a supply chain traceability system for chemical recycling in collaboration with Chaintope. The test results demonstrate that critical information, such as the type…
Expert Endorsement for Xinghua Group’s Coal Chemical Relocation Project
January 18, 2025 – Yanchang Petroleum Group recently hosted a high-profile review meeting for the relocation and upgrade project of Xinghua Group in the historic city of Xi’an. This meeting, characterized by its high standards and specialized nature, gathered 23 leading experts in the domestic coal chemical industry. Key executives from relevant departments of the…
Significant Milestone Achieved in Zhenhai Refining’s Phase II(2) Project
January 18, 2025 – Zhenhai Refining and Chemical Complex’s Phase II(2) Expansion Witnesses Significant Progress The construction of the Phase II(2) expansion project at the Zhenhai Refining and Chemical Complex of Sinopec Ningbo Zhenhai Refining and Chemical Co., Ltd. has reached another milestone. Recently, the bid winners for the first section of the pile foundation…
Navigating Crisis and Opportunity: Chemical Sector Faces Trump and Port Strike Hurdles
November 14, 2024 – The global chemical industry and its derivative sectors are currently grappling with a series of significant challenges, with the reelection of Donald Trump and the ongoing strike at major Canadian ports emerging as the two pivotal factors destabilizing the market. Industry analysts predict that a second Trump administration could escalate global…
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