Company Dynamic

On March 8, BASF Shanghai Coatings Co., Ltd. announced the completion of its new technology center building located in Minhang Base.

• BASF

On March 10, according to the website of the Chinese Ministry of Foreign Affairs, the People's Republic of China, the Kingdom of Saudi Arabia, and the Islamic Republic of Iran issued a tripartite joint statement in Beijing.

• VCI

Witnessed by South Korean President Yoon Seok-yue and Saudi Aramco President and CEO Amin Nasser, Saudi Aramco's crude oil-to-chemicals (COTC) project at the S-Oil refinery in Ulsan, South Korea was recently launched.

• COTC

Recently, ICIS London announced that in February, the ICIS Petrochemical Index (IPEX) rose by 5.4% from the previous month, mainly due to rising chemical prices in various regions.

• ICIS

Recently, statistics from the Brazilian Chemical Industry Association show that in the first two months of 2023, the trade deficit of the Brazilian chemical industry was US$7.4 billion, a year-on-year decrease of 8.7%.

• trade
• chemical

Up to now, the above MDI unit's stop production and overhaul have been completed, and normal production has resumed.

• MDI

Hubei Xiaogan City Yingcheng Ecological Environment Bureau to Hubei Guanglian Chemical Co., LTD. Annual output of 25000 tons of epoxy resin curing agent series product project environmental impact assessment for the first time.

• Epoxy Resin

The total planned investment for the project is 2 billion yuan. The Company may make adjustments in accordance with specific circumstances such as subsequent fund raising, the purchase and construction of land and plants, and policy support.

• Matsui

China agrochemical industry weekly

• technical
• Pesticide
• agrochemical

Basf announced an investment of 2.5 million euros to increase 30% of its inoculant and biologics plant Santo Tome in Argentina. Since 2015, BASF's production at the plant has increased by more than 10% year-on-year.

• inoculant
• biologics
• BASF

the Shenyang Bureau of Ecological Environment released a public document about the proposed environmental impact assessment review of Shenyang Sciencreat’s Mesotrione.

• Mesotrione
• Sciencreat
• pesticide

Jiangsu Provincial Finance announced on March 14 that recently, Jiangsu Provincial Finance issued 973 million yuan in financial subsidies for the chemical industry in 2022 to accelerate the transformation, upgrading and high-quality development of the che

Recently, the State-owned Assets Supervision and Administration Commission of the State Council announced the "Creation of World-Class Demonstration Enterprises and the List of Specialized and New Demonstration Enterprises".

• Chemical

On March 13, BASF broke ground on an Acrylic acid production at its integrated site in Zhanjiang, consisting of an GAA plant, a BA plant and a 2-EHA plant.

• BASF
• Acrylic
• GAA
• technical

On March 14, Nanjing RedSun released the latest investor relations activity record, and just replied to the production and marketing situation of products, product advantages, project progress, new product development and production plan

• RedSun
• Paraquat
• insecticides
• Chlorobenzamide

Chiyoda Corporation, Toyama University and HighChem announced the first successful production and purification of paraxylene from CO2.

• carbon
• dioxide
• paraxylene

BASF announced plans to build a second production line at the BASF Huizhou Daya Bay site in Guangdong province to expand its polymer dispersions capacity.

• BASF

It is understood that the reactor equipment of the catalytic cracking unit is 71 meters high, with a maximum diameter of 9.6 meters and a total weight of about 1,200 tons.

• Yangzi
• Petrochemical Catalytic
• Cracking
• Project

Following Algeria and Libya, Meloni's government is betting on Azerbaijan's natural gas to advance the Piano Mattei plan.

• Mattei

Shortly after the U.S. stock market opened on Wednesday (March 15), international energy prices collectively plummeted.

• crude
• oil
• natural
• gas