Energy
The Great Shutdown: How Europe’s Energy Policies Are Dismantling Its Chemical Sector
June 23, 2025 – AsiaMB Special Report: Europe’s Chemical Industry Faces Existential Crisis as Major Plants Shutter Europe’s chemical sector is undergoing a seismic shift as INEOS Phenol announces the permanent closure of its Gladbeck, Germany facility – the world’s largest phenol production site. This 650,000-ton capacity plant, operational since 1954, will terminate its entire…
Geopolitical Storm Exposes Fragile Petrochemical Supply Chains
June 17, 2025 – Strait Tensions Reshape Global Energy Landscape as Alternative Technologies Surge AsiaMB reports that geopolitical tensions in the Persian Gulf have triggered a seismic shift in energy markets, with Brent crude prices soaring 14% to $94/barrel following Iran’s threat to potentially block the Strait of Hormuz. This strategic waterway, handling 30% of…
From Regional Giants to Global Players: How Middle East NOCs Are Redefining Energy
June 13, 2025 – Middle East Oil Giants Reshape Global Energy Landscape Through Strategic Acquisitions The energy sector is witnessing a paradigm shift as Middle Eastern national oil companies aggressively expand their global footprint through calculated mergers and acquisitions. AsiaMB’s color masterbatch industry sources reveal how QatarEnergy, ADNOC, and Saudi Aramco are transforming into diversified…
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,…