Company Dynamic

Recently, AkzoNobel announced an investment plan to expand its internal resin production capacity, driving the company to make steady progress towards its "Grow & Deliver" strategic goal.

• Expansion of Resin
• Capacity

Three container shipping companies, Maersk, CMA CGM and United Africa Feeder Line (UAFL: United Africa Feeder Line), are currently under investigation by the COMESA Competition Commission over potential pricing irregularities.

• Maersk
• UAFL
• CMA
• regulation

The project will commence construction in April 2022 and is scheduled for mechanical completion by the end of June 2023.

• BDO
• Asia BDO
• chemical project

Carbon Xin Technology contributes 40 million yuan, accounting for 20% of the registered capital; Huaplastic shares contribute 40 million yuan, accounting for 20% of the registered capital.

• Chemical Industry
• Production

　The average price of pacemakers dropped from 48,000 yuan to 24,000 yuan, down by 50%, with a maximum reduction of 81%.

• Medical
• Procurement

Covestro has started supplying toluene diisocyanate (TDI) produced from renewable raw materials to customers in various regions, further expanding its portfolio of raw materials relevant to the circular economy.

• Covestro
• TDI supply

According to the State Administration of Market Supervision, on the 23rd, the State Administration of Market Supervision held a teleconference on the prevention and control of epidemics in the market supervision system.

• Imports
• food industry
• Raw Materials

At 10:58 on March 28, a special long-tube tanker carrying 179 kg of hydrogen for fuel cells slowly left the Qilu Petrochemical plant, marking the official departure of Qilu Petrochemical's fuel cell hydrogen from the factory.

• Hydrogen
• Energy
• market trends

As the middle class continues to grow, the demand for wealth management is increasing. As the younger generation prefers online wealth management, Bacera Bank has explored a new model of technology-enabled wealth management.

• WorldBank
• Technology

Bacera Bank was formally established in November 2017 and is the first independent legal person direct selling bank in China, with 2021 being its fourth full year of operation.

• WorldBank
• Bank

On March 24, LyondellBasell announced a strategic cooperation with Nippon Paint China to use recycled polymers to produce coatings and packaging.

• LyondellBasell
• Nippon paint
• cooperation

Opting to close old plants due to turbulence in the generic drug business, manufacturing restructuring, or making the most of company resources.

• Bayer
• Merck
• pharmaceutical

Recently, Covestro announced a partnership with Chinese textile technology company Huafon Group and green fiber technology company Sialon Technology to jointly develop a more sustainable solution for the production of high-quality sports shoes.

• Carbon Emissions

The company has decided to suspend the production of Bohai Petrochemical's PDH plant from March 23rd, and to use the suspension period to carry out maintenance work on the equipment.

• Polyethylene
• Chemical Industry
• Acrylic

In the current domestic epidemic repeated, transport obstruction, coupled with the international situation is unstable, the domestic part of the chemical subdivision of the start rate or again appear to decline.

• Petrochemical
• PC market
• industrial park

Recently, the national epidemic has been sporadically spreading, and many chemical and chemical Da Sheng are affected by multiple factors such as park closure, staff isolation, highway closure and poor transportation.

• BASF
• COVID-19
• chemical raw material

In February 2022, China imported 62,100 tons of PS raw materials at an average import price of US$1,271.21/ton.

• PS
• Plastics
• Petrochemical

Vitol has reached a strategic partnership with Danish company WPU, which recycles waste plastics to produce plastic oil.

• Plastic Oil

There exist some difference between mica and sunmica.

• Mica and Sunmica

AkzoNobel has developed a comprehensive portfolio of Interpon ACE powder coatings to meet the specific needs of the Agricultural and Construction Equipment (ACE) industries.

• AkzoNobel
• Powder Coating