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South Korean tire industry is in a "triple hardship"
Time of Update: 2021-12-24
Recently, the South Korean tire industry, which has been plagued by the epidemic, has fallen into the “triple suffering” of rising raw material prices, poor logistics, and tight semiconductor supply .
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Cepsa retains chemical business
Time of Update: 2021-12-24
It is reported that in early November, Cepsa considered selling its chemical business at a price of 3 billion euros in order to accelerate the company's transition from fossil fuels to clean energy .
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European Chlor-Alkali Association launches sustainable development plan
Time of Update: 2021-12-24
This plan is the third project implemented by the association, adding 9 new key performance indicators (KPIs), focusing on the priorities of the association’s mid-century strategy for the sustainable chlor-alkali industry released in September last year, that is, “ensure 2050 European chlor-alkali industry to achieve safe, competitive advantage, and climate-neutral development cycle " .
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Saudi Aramco launches Jafra development project
Time of Update: 2021-12-24
According to Sinochem News recently, Saudi Aramco said that the company has begun to develop the giant onshore gas field in Jafra, which will provide raw materials for the company's development of low-carbon hydrogen and ammonia .
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Japan's synthetic rubber production growth
Time of Update: 2021-12-24
6%; Non-Oil SBR was 160,772 tons, a year-on-year increase of 8.
In terms of September performance alone, the total output of synthetic rubber was 124,683 million tons, a year-on-year increase of 31.
9%; Oil SBR was 15,684 tons, a year-on-year increase of 229.
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PetroChina Petrobras Cooperative Exploration Well Obtained Oil and Gas Discovery
Time of Update: 2021-12-24
The joint operation of PetroChina and Petrobras will continue to drill to the designed well depth as planned to further clarify the scope of oil and gas discovery and the nature of the reservoir .
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SABIC focuses on plastic recycling
Time of Update: 2021-12-24
In the next few months, based on SABIC TRUCIRCLETM product portfolio recycling solutions, SABIC customers will successively launch a series of brand new consumer products made with this renewable polymer .
" This trend-sea plastic-based certified renewable polymer is an important part of the TRUCIRCLETM product portfolio of SABIC's recycling solution .
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"Omi Keron" disturbs the global petrochemical market
Time of Update: 2021-12-24
Especially since November, due to repeated epidemics in Europe, the United States, Japan, South Korea, India and other countries have released strategic oil reserves, crude oil prices have fallen sharply, and new virus strains have been discovered.
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Huntsman Qingdao Bay reached a technology licensing agreement
Time of Update: 2021-12-24
The technology licensing agreement will provide Qingdao Gulf Group with reliable, economical and advanced epoxy resin production technology to ensure that the epoxy resin products produced can meet the high-end application needs of customers .
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Toray expands production of large tow carbon fiber
Time of Update: 2021-12-24
Recently, Toray Industries said that its subsidiary Zoltek (Zoltek) will expand the production capacity of large tow carbon fiber in Jalisco, Mexico .
Toray said that the expansion of production by about 54% will increase the production capacity of Mexican and Hungarian companies to about 35,000 tons/year .
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Stable energy supply is not inconsistent with promoting decarbonization
Time of Update: 2021-12-24
The practice of international oil and gas giants is confirming that meeting the growing energy demand of various economies and providing safe, affordable and sustainable energy products for the market is not contrary to the active promotion of green and low-carbon development .
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Ineos will build a pilot plant for polystyrene recycling
Time of Update: 2021-12-24
Recently, Ineos announced that it will invest in the construction of a pilot plant for advanced recycling of polystyrene .
The depolymerization technology used in the pilot plant is an important step in the start of polystyrene recycling .
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Gazprom's third-quarter profit hit a record high
Time of Update: 2021-12-24
" In the third quarter, the average price of natural gas in Europe and other regions increased from per thousand cubic meters in the same period last year.
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Awarded the FEED contract for the second petrochemical complex of Cilegon
Time of Update: 2021-12-24
The project will be fully integrated with Chandra Asri’s existing petrochemical plant in Cilegon, and a new steam cracker using naphtha as a raw material will be built to produce ethylene, propylene, butadiene, benzene, toluene, mixed xylene, High-density polyethylene (HDPE), low-density polyethylene (LDPE) and polypropylene products .
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TUV Rheinland issued a certification for Boliwei
Time of Update: 2021-12-24
Chen Xiong, deputy general manager of TUV Rheinland Greater China Solar and Commercial Products Services, said: “EN50604-1 is currently one of the most stringent standards in the electric bicycle battery industry .
Boliwei has become the world’s first new version of the lithium battery standard certification certificate for TUV Rheinland.
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Mitsui Chemicals 2030 internal restructuring plan announced
Time of Update: 2021-12-24
After the internal reorganization of the company, Mitsui Chemicals will consist of four new business combinations, namely, life and medical solutions, mobile business solutions, information and communication technology solutions, and basic materials and green materials .
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BASF Announces Spin-off of Motor Vehicle Emissions Catalyst Business
Time of Update: 2021-12-24
On December 7, BASF announced that it would spin off its automotive emission catalyst business and will invest 4.
BASF stated that it will further focus on the recycling of battery materials and basic metals, and will establish an independent entity for vehicle emission catalysts, vehicle catalyst recycling and related precious metal services .
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Saint-Gobain acquires US construction chemicals company GCP for US$2.3 billion
Time of Update: 2021-12-24
S. specialty construction chemicals company, with a transaction value of approximately US$2.
2 times GCP's estimated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in 2022 .
The estimated value of adjusted EBITDA in 2022 is $170 million .
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American Securities acquires Hexion Holdings
Time of Update: 2021-12-24
The transaction is expected to be completed in the first half of 2022 and is conditional on the completion of Hexion’s previously announced sale of its epoxy resin business to Westlake Chemical .
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Start-up of Clariant's ammonia synthesis catalyst project
Time of Update: 2021-12-24
Recently, Clariant announced that its new-generation AmoMax 10 Plus ammonia synthesis catalyst has been successfully driven at BASF's ammonia plant in Antwerp, Belgium.
™ It is understood that AmoMax 10 Plus is Clariant's latest generation of ammonia synthesis catalyst based on the structure of wustite .
