Chemical
Austrian-Korean Alliance Sets New Standard for Sustainable Vehicle Interiors
June 27, 2025 – SK Chemicals Pioneers Circular Economy Breakthrough in Automotive Sector Through Strategic European Partnership Seoul/Vienna – In a landmark move for sustainable automotive materials, South Korea’s SK Chemicals has formed an exclusive alliance with Austria’s leading automotive carpet manufacturer to commercialize chemically recycled PET in vehicle interiors. This collaboration marks the first…
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…
Market Volatility or Tactical Move? BayChemical Halts Listing Plans
June 21, 2025 – AsiaMB Special Report: Qingdao BayChemical Halts IPO Amid Market Speculation In a surprising move that’s sending ripples through China’s specialty chemicals sector, Qingdao BayChemical has voluntarily withdrawn its Shanghai IPO application. The decision comes as the ethylene-based PVC leader completes construction on several high-value projects that industry experts believe could redefine…
Behind the Numbers: The Hidden Struggles of Iran’s Chemical Sector
June 18, 2025 - Sanctions and Innovation: Iran’s Chemical Industry Navigates Uncharted Waters Iran’s vast natural gas reserves, ranking second globally, have long positioned the country as a key player in basic chemical production. Yet persistent international sanctions are testing the resilience of this strategically important sector, forcing domestic companies to adopt unconventional survival strategies….
The Billion-Dollar Breach: How a Canadian Ethylene Plant Dispute Rewrote Industry Rules
June 13, 2025 – Historic C$1.62 Billion Ruling Reshapes Chemical Industry Legal Landscape A landmark Alberta Court of Queen’s Bench decision has sent shockwaves through the global petrochemical sector, ordering Nova Chemicals to pay Dow Chemical an additional C$1.62 billion in damages – the largest penalty ever recorded in Canadian chemical industry litigation. The decade-long…
Mitsubishi, Mitsui, Asahi Kasei Lead Japan’s Chemical Sector Transformation
June 12, 2025 – AsiaMB Insight: Japan’s Chemical Giants Pivot Toward Specialty Materials in Historic Restructuring Japan’s chemical industry is undergoing its most significant transformation in decades as major players aggressively reposition themselves in the global market. Leading corporations including Mitsubishi Chemical, Mitsui Chemicals, and Asahi Kasei have unveiled sweeping operational overhauls that signal a…
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…
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,…
From Silicon to Sustainability: Huntsman’s High-Purity Chemicals Push
May 26, 2025 – Huntsman Bolsters Semiconductor Chemicals Portfolio with Conroe Plant Expansion Global chemical leader Huntsman Corporation has unveiled a major investment to expand its specialty products facility in Conroe, Texas, targeting soaring demand for ultra-high-purity chemicals in the global semiconductor industry. The move addresses critical raw material needs for advanced-node chip manufacturing, where purity…