SIBUR and Kazakhstan sovereign wealth fund Samruk-Kazyna and state oil and gas company KazMunayGas have signed a framework agreement that could allow the company to take a role in petrochemicals projects in Kazakhstan. The potential cooperation will allow SIBUR to produce Polypropylene (PP) and Polyethylene (PE) in National Industrial Petrochemical Technopark in Atyrau, the Republic … Read more
The Adani Group will be developing a new coal-to-polyvinyl chloride (PVC) plant in Mundra, Gujarat, India according to an application by the company to India’s Ministry of Environment, Forests & Climate Change. The plant is expected to produce 2 million metric tons per year of PVC grades such as suspension PVC (resin), chlorinated PVC (C-PVC) … Read more
DCW Ltd., an Indian chlor-alkali and PVC manufacturer has reported financial results for the period ended March 31, 2021. Q4 Results The company’s net profit grew to Rs 6.46 crores ($0.89 million) for the period ended March 31, 2021 as against a net loss of Rs 25.05 crores ($3.4 million) for the period ended March … Read more
Indo Rama Synthetics (India) Limited, one of India’s major polyester manufacturer, announced its results for the quarter and financial year ended March 31, 2021. Q4 Results The company reported a net profit of Rs 128.65 crores ($17.6 million) for the quarter ended March 31, 2021, against a net loss of Rs 50.08 crores ($6.8 million) … Read more
Sumitomo Chemical and Sekisui Chemical are moving forward with a project to convert plastic waste into polyolefin, targeting to start up a pilot plant to produce ethylene as a first step. Sumitomo Chemical has established a cooperative relationship with Sekisui Chemical Co., Ltd. for the social implementation of the technology to manufacture polyolefin using waste … Read more
SK Global Chemical Co., a petrochemical subsidiary of SK Innovation Co., will produce biodegradable plastics together with chemical and textile heavyweight Kolon Industries Inc. from the third quarter of this year. SK Global Chemical and Kolon Industries have signed a strategic partnership on 7th April to produce polybuthylene adipate-co-terephthalate (PBAT) plastic, according to the two … Read more
India has levied anti-dumping duties on bottle grade Polyethylene Terephthalate (PET) resin imports originating in or exported from China for 5 years. Bottle grade PET imports from China increased from 88,000 metric tonne in FY18 to 147,600 MT in FY19, a 67% rise, while imports from other countries declined, as per govt data. The Directorate … Read more
Plastic Energy is collaborating with ExxonMobil Corp. on an advanced recycling project in France that will convert post-consumer plastic waste into raw materials for the manufacturing of virgin-quality polymers. Based on current plans, the project is expected to be one of the largest advanced recycling plants in Europe, with an initial capacity of 25,000 tons … Read more
PTT Global Chemical Public Company Limited’s (GC) Chief Executive Officer, Dr. Kongkrapan Intarajang, has informed the Stock Exchange of Thailand (SET) on GC’s proposed acquisition of minority shares of Vinythai Public Company Limited (VNT) through a delisting tender offer. Through this acquisition, GC aims to strengthen its tie with downstream chemicals business that is essential … Read more
The US International Trade Commission (USITC) is looking into claims that granular polytetrafluoroethylene (PTFE) imports from India and Russia are being sold in the US for less than fair value, that they are subsidized by the Indian and Russian governments, and that they are harming US producers. “The USITC determined that there is a reasonable … Read more
SK Global chemical Co., an affiliate of South Korea’s top refiner SK Innovation Co., said Sunday it will build a packaging material plant in China. Under the deal, SK Global chemical will set up a joint venture with Satellite Petrochemical to build a plant that produces ethylene acrylic acid (EAA), a high-end eco-friendly material used … Read more
Indian Oil Corporation Limited (IOCL) entered into a Memorandum of Understanding (MOU) with Odisha Industrial Infrastructure Development Corporation (IDCO) to develop Paradip Plastic Park. Under the MoU, to attract investments in downstream polymer industries at Paradip Plastic Park, IOCL announced a Special Strategic Incentives scheme. An incentive of Rs 2000/MT ($27.48/MT) on Polypropylene granules from … Read more
Japan’s Sumitomo Chemical is licensing out its high-pressure production process for low density polyethylene (LDPE) and ethylene vinyl acetate (EVA) to Russian producer Kazan Organichesky Sintez PJSC (KOS), the Japanese firm said. Financial details of the contract and the project’s timeline were not disclosed. KOS is installing a new 100,000 tonne per year PE/EVA facility … Read more
Shintech Louisiana LLC announced that the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge, Louisiana. The company, which manufactures polyvinyl chloride resins, or PVC, says will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at … Read more
Celanese Corporation announced its intent to build a world-scale, multi-phase Liquid Crystal Polymer (LCP) polymerization plant in China to support the significant growth in its high-value Vectra and Zenite LCP product lines. Site selection is underway, and Celanese is considering both existing and greenfield locations to place its new LCP facility. “5G, ‘Internet of Things’ … Read more
Evonik has closed its previously announced acquisition of the Lactel Absorbable Polymers product line from Durect Corporation on December 31, 2020. All Durect employees associated with the Lactel business in Birmingham, Ala., accepted the offer to join Evonik in similar roles, according to Essen, Germany-based Evonik. The deal closed Dec. 31, 2020. Evonik will integrate … Read more
India may impose anti-dumping duty on the imports of Polyethylene Terephthalate (PET Resin) originating in or exported from China based on an application led by IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries. The Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duty of $15.54-200.66 per MT of the imported product for five … Read more
Ineos Styrolution, a styrenics supplier has broken ground on its new 600,000 metric ton ABS (acrylonitrile butadiene styrene) plant located in Ningbo as part of its plan to expand into China. The development follows an earlier acquisition by Ineos of two polystyrene production sites in Ningbo and Foshan. In a news release, Ineos officials said … Read more
Trinseo, a global materials company and manufacturer of plastics, latex binders and synthetic rubber, has entered into a binding agreement to purchase Arkema’s polymethyl methacrylates (PMMA) and activated methyl methacrylates (MMA) businesses, the company announced Monday. The transaction is valued at €1.137 billion (~$1.36 billion). “This acquisition will be a catalyst for portfolio transformation toward … Read more
Arkema has completed the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of photopolymer formulation services. The deal was completed earlier this month. The financial terms of the deal have not been disclosed. CPS is a developer and marketer of value-added, formulated photopolymer resin solutions for energy curing technology, especially for three-dimensional (3D) printing … Read more