Company Dynamic

On July 20, Royal DSM released the "2021 DSM Greater China Sustainability Report", which is the 15th year DSM has released this series of reports.

• DSM

In the first half of 2022, the prices of petrochemical products such as PX, toluene and MTBE in China moved upward rapidly.

• Chemical Industry
• chemical price

Recently, Fuller Company announced its first-half and second-quarter results this year. The company achieved revenue of US$1.85 billion in the first half of the year, a year-on-year increase of 19.05%

• fuller

BASF has announced the launch of a new advanced high-performance product line PuriCycle® for the purification of complex waste plastic pyrolysis feedstocks.

• plastic recycle
• BASF
• Dow
• Ineos

LANXESS is raising prices for inorganic pigments globally, effective immediately.

• LANXESS
• inorganic pigments

BASF is currently advancing the final stages of a project to expand its methylene diphenyl diisocyanate (MDI) plant at its Verbund integrated site in Geismar, Louisiana.

• BASF
• MDI

BASF Europe made a final investment decision on July 19, 2022 local time in Germany to fully advance its integrated base project in Zhanjiang, Guangdong Province, China.

• BASF
• Zhanjiang integrated base

Recently, Ascend Functional Materials announced that the company's Trinohex Ultra high-purity 1,3,6-hexanetrinitrile has become the first lithium-ion battery electrolyte additive to be registered with REACH in China.

• Battery

According to a report from Dubai on July 14, 2022 by Arab Trade Network, GlobalData, the world's leading data analysis company, predicts that between 2021 and 2026, Asia will lead the global polyethylene production capacity with a 45% share.

• new polyethylene capacity

Nearly two-thirds of new renewable energy added in 2021 will cost less than the cheapest coal-fired energy source in G20 countries, according to a new report from IRENA.

• IRENA
• Renewables

Algeria's state-owned energy giant Sonatrach will sign $4 billion on Tuesday with Italian energy giant Eni, French energy giant Total and American oil company Occidental, the Algerian president said in Algiers on July 18.

• Algeria
• gas supply

Recently, methacrylate producer Rohm Chemical Group held a groundbreaking ceremony for the expansion of its PLEXIGLAS® (polymethyl methacrylate, PMMA) molding compound plant in Shanghai.

• ROHM
• PMMA

BASF Europe has recently made a final investment decision to fully advance its integrated base project in Zhanjiang, Guangdong Province, China.

• BASF

As the European Union plans to include shipping in the Emissions Trading System (ETS) starting next year

• Maersk
• Surcharge

Recently, the Organization of the Petroleum Exporting Countries (OPEC) predicted in its monthly report that in 2023, global crude oil demand will increase by 2.7 million barrels per day compared with the previous year, a year-on-year increase of 2.7%.

• OPEC

Recently, Shell and Dow announced that the two sides have launched an electric heating steam cracking experimental unit in the Amsterdam Energy Transition Pilot Zone in the Netherlands.

• Shell and Dow

The International Energy Agency (IEA) said in its quarterly report that soaring energy prices due to the Russia-Ukraine conflict and concerns about supply disruptions are expected to lead to a drop in global natural gas demand this year.

• IEA

On July 12, Clariant announced that it had won an important contract from Wanhua Chemical Group to provide catalysts for its new maleic anhydride project.

• Clariant
• Wanhua

Recently, Natural Gas of India Limited (GAIL) announced that the company will put into operation two new polypropylene (PP) units by the second quarter of 2025.

• India GAIL
• polypropylene

Recently, South Korea's Lotte Chemical announced that the company has established a subsidiary in the United States called Lotte Battery Materials America, which will be responsible for the battery materials business in the United States.

• Lotte Chemical