Top 10 International Chemical News in 2018

The Sino-US trade war has a significant impact on the petrochemical industry.
TheSino-US trade war has a significant impact on the petrochemical industry.
On March 23, U.
S.
President Trump signed a memorandum to announce the imposition of US$60 billion in tariffs on Chinese goods and impose investment restrictions.
The Sino-US trade war This broke out.
After two rounds of taxation, the US$250 billion tax increase list involved energy, chemical and downstream products worth US$19.
53 billion , accounting for 7.
8% of the tax-related amount.
European companies have withdrawn their capital in Iranian petrochemical projects .
European companies have withdrawn their capital.
Iran’s petrochemical project couldnot withstand the pressure of US sanctions.
On May 16, Total announced on its official website that it would withdraw from its Iranian project, suspend work related to Iran’s natural gas project, and said it may be forced to completely withdraw from investing US$1 billion in the gas field.
plan of.
Total's withdrawal from the Iranian project led to a wave of European companies withdrawing capital from Iranian petrochemical projects.
* Maersk Tanker Company, one of the oil transportation companies, even stopped accepting Iranian oil consignment orders.
Bayer's acquisition of Monsanto is settled.
Bayer's acquisition of Monsanto is settled.
   On June 7, Bayer successfully completed its acquisition of Monsanto.
The acquisition value of approximately US$62.
5 billion is a cross-border acquisition of German companies* over the past 20 years.
After the business combination of the two parties, Bayer became the world's largest producer of seeds and pesticides.
BASF's US$10 billion wholly-owned plant in Guangdong, BASF's US$10 billion wholly-owned plant in Guangdong    , BASF announced on July 10 that it will invest US$10 billion in Guangdong, China, to establish a wholly-owned chemical production base.
The signing ceremony was completed under the witness of China** and Germany* Merkel.
BASF said that after the completion of the Guangdong project, it will become BASF's third largest integrated production base in the world.
Covestro 1.
5 billion euros to increase MDI industry Covestro 1.
5 billion euros to increase            MDI Industry    On October 10, the Board of Supervisors of Covestro approved an investment plan of approximately 1.
5 billion euros to build a *MDI plant in Baytown, USA, which is also the company's single investment project so far*.
The project is planned to be built at Covestro's production base in Baytown, with a design capacity of 500,000 tons/year, and is expected to be put into operation in 2024.
German chemical production encounters "force majeure" German chemical production encounters "force majeure" In    mid-to-late October, the production and logistics of German chemical companies that rely on the Rhine for the transportation of raw materials or products were restricted due to the historical* level of the water level of the Rhine.
The products were even forced to stop production.
German chemical giants such as Evonik and BASF have extended the delivery time, and the international chemical market has been affected accordingly.
The global *industrial gas giant was born.
The global* industrial gas giant was born.
   On October 22, Linde and Praxair, which ranked second and third in industrial gas production value in the world, respectively, announced that the merger of the two companies has been approved by the U.
S.
government.
Agree, the *obstacles to the merger have been overcome.
The two parties subsequently began the * settlement and business delivery, and the two companies merged to become a global * industrial gas giant.
Fermentation of marine microplastics pollution issues Fermentation of marine microplastics pollution issues Fermented on    October 24, the European Parliament voted to ban the use of single-use plastics to curb the increasingly serious pollution of the ocean and the ecological environment by plastic waste.
Some other* have also issued relevant plastic restriction or even ban policies, restricting or even prohibiting the production and consumption of disposable plastic products.
The United Nations also launched a global anti-plastic pollution campaign in December, with the goal of cooperation between UN member states and UN agencies to increase public awareness and reduce plastic pollution on a global scale.
The U.
S.
becomes a net exporter of crude oil and refined oil The U.
S.
becomes a net exporter of crude oil and refined oil               As of the week of November 30, the total US crude oil and refined oil exports reached approximately 9 million barrels per day, while the total US crude and refined oil imports for the week were 8.
8 million barrels per day.
This is since the EIA published crude oil import and export data in 1973, the United States* has become a net exporter of crude oil and refined oil.
International oil prices ride a roller coaster International oil prices ride a roller coaster    On October 3, affected by the murder of a Saudi journalist, international oil prices reached this year's high, and the price of New York crude oil futures once exceeded $85/barrel.
However, affected by the global economic slowdown and the increased production of oil-producing countries, especially the sharp increase in U.
S.
crude oil production, the global oil supply and demand relationship has tended to oversupply.
International oil prices have fallen by more than 40% in the first two months of the year.
New York crude oil futures have fallen to US$45 at the end of the year.
/Barrel or so.