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Asia and Africa lead vacuum distillation capacity growth
Time of Update: 2022-09-27
Sinochem News recently, Middle East data analysis company GlobalData predicts that Africa and Asia will lead the global refinery vacuum distillation unit (VDU) capacity growth in the next five years .
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Flexibility in global chemical M&A transactions
Time of Update: 2022-09-27
Increased flexibility in chemical M&A transactionsIncreased flexibility in chemical M&A transactions Increased flexibility in chemical M&A transactions Federico Mennera, global head of chemicals and materials at investment bank Rothschild, said: “I think that today’s private equity firms and strategic buyers are dealing with relatively straightforward M&A deals compared to most M&A deals in the past.
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WACKER builds new integrated silicone production facility in the U.S.
Time of Update: 2022-09-27
The relevant feasibility study has now been launched, and the total investment is expected to be more than $200 million Sinochem News on July 26, Germany's Wacker Chemie AG announced that the company is preparing to build a new integrated silicone production facility at its Charleston, Tennessee production site.
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US and European PE profit margins may decline in the third quarter
Time of Update: 2022-09-27
Sinochem News recently, Dow Chemical CEO Jim Fitlin said that the company's market research shows that the profit margins of polyethylene (PE) in the United States and Europe in the third quarter are expected to be compared with the second quarter.
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Highlighting the responsibility of the whole plastic industry chain - a brief discussion on the "transparency" of Sprite packaging
Time of Update: 2022-09-26
On July 29, The Coca-Cola Company decided, considering environmental protection factors, to convert the classic green bottles of Sprite brand soft drinks that have been used for more than 60 years into transparent plastic bottles in North America from August 1 .
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PetroChina LZR-20PK catalyst won the bid again
Time of Update: 2022-09-26
Sinochem News News on July 20, the China Petroleum and Petrochemical Research Institute announced that the customized LZR-20PK catalyst independently developed by PetroChina was released internationally at the Shymkent Refinery in Kazakhstan (hereinafter referred to as the PKOP Refinery) catalytic cracking catalyst.
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Fire breaks out in grain silo in Beirut port, Lebanon
Time of Update: 2022-09-26
(Photo courtesy of Vision China) On July 25, heavy smoke erupted from a grain silo at the port of Beirut, Lebanon, after it caught fire due to the fermentation of residual grain .
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SK Chemicals and Trees Environmental will set up a recycled polyester joint venture in China
Time of Update: 2022-09-26
, Ltd. in Shantou City, Guangdong on the establishment of a joint venture for waste plastic recycling South Korea's SK chemicals (SK chemicals) said on the 25th that the company signed a memorandum of understanding (MOU) with Shuye Environmental Protection Technology Co.
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Brazil's first green hydrogen plant begins construction
Time of Update: 2022-09-26
The plant is expected to be put into operation by the end of 2023 and will be able to produce 10,000 tons of green hydrogen and 60,000 tons of green ammonia per year .
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West Oil helps Unilever reduce carbon footprint
Time of Update: 2022-09-26
Cepsa Química, a subsidiary of Spanish oil company Cepsa, said it has supplied Unilever with the world's first sustainable linear alkylbenzene (LAB) product, which will be used in Synthetic surfactants for the manufacture of detergent products .
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WACKER to Invest $200 Million in Integrated Silicone Production Facility in U.S.
Time of Update: 2022-09-26
The relevant feasibility study has now been launched, and the total investment is expected to exceed 2 billion dollars Sinochem News News on July 26, Germany's Wacker Chemie AG announced that it is preparing to build a new integrated silicone production facility at its Charleston, Tennessee production site.
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Prudential industrial petrochemical business profits soar
Time of Update: 2022-09-26
However, the company said that domestic polyester demand in India increased by 44% year-on-year and 22% from pre-pandemic levels, with polyester filament yarn (PFY), polyester staple fiber (PSF) and polyethylene terephthalate (PET).
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BASF's sales in the second quarter increased by 16.3% to 23 billion euros
Time of Update: 2022-09-26
between tons BASF expects sales in the 2022 fiscal year to be between 86 billion and 89 billion euros, EBIT before special items is expected to be between 6.
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Sinopec Fifth Construction Co., Ltd. officially started the construction of the Singapore refining and chemical integration project
Time of Update: 2022-09-26
The project is located on Jurong Island, Singapore.
The project is located on Jurong Island, Singapore.
The project is located on Jurong Island, Singapore.
The project is located on Jurong Island, Singapore.
The project is located on Jurong Island, Singapore.
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INEOS Sinopec signs three cooperation agreements
Time of Update: 2022-09-26
. According to the third agreement, INEOS and Sinopec will jointly establish a joint venture company based on a 50%:50% equity ratio to build a new 500,000-ton/year high-density polyethylene (HDPE) project in Tianjin .
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Gem Machinery Custom Drilling Rig Shipped to Uganda
Time of Update: 2022-09-26
, Ltd. announced that China's first silent 8,000-meter automatic drilling rig was shipped from Baoji to Uganda on the same day On July 12, PetroChina Baoji Petroleum Machinery Co.
, Ltd. announced that China's first silent 8,000-meter automatic drilling rig was shipped from Baoji to Uganda on the same day .
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SK Chemicals, Trees & Environmental Protection Establishes Recycled Polyester Joint Venture in China
Time of Update: 2022-09-26
, Ltd. signed a memorandum of understanding on the establishment of a joint venture for waste plastic recycling On July 25, SK Chemicals, a chemical company under South Korea's SK Group, and Shuye Environmental Technology Co.
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Henkel acquires Shiseido's Asia Pacific professional hairdressing business
Time of Update: 2022-09-26
. Wanqing Dong, President of Henkel's Consumer Brands Business Unit Asia, said: "We have a clear goal to develop our cosmetics and beauty care business in the Asia-Pacific region .
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The German government will hold 30 percent of Uniper's capital
Time of Update: 2022-09-26
On July 22, German energy giant Uniper announced that the German government would hold 30 percent of the company's capital as part of a massive rescue plan .
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Chemours Sustainability Management System Award
Time of Update: 2022-09-26
In addition, Chemours invites suppliers to be part of their Supplier Corporate Responsibility Assessment (SCRA), working with companies to demonstrate their sustainability performance and make a commitment to continuous improvement .
