Company Dynamic

At Yangzi Petrochemical, there is a magical device that can "eat in" carbon dioxide and produce chemical products-synthesis gas (that is, carbon monoxide and hydrogen)

• Yangzi Petrochemical
• syngas

Recently, the Dow Chemical Company issued a force majeure notice for propylene oxide, stating that due to the upstream raw material supplier's accident affecting the supply of key propylene oxide raw materials

• BASF
• Dow
• Eastman

On the morning of August 21, Wanhua Chemical (Fujian) held the groundbreaking ceremony for the installation of large-scale equipment for the MDI integration project.

• Wanhua
• MDI integration

Shandong Luqing Petrochemical 140,000 tons/year butadiene device started operation on August 19, 2021, the device is stable at present, part of the supply is planned to be exported recently.

• Butadiene
• Supply

On the morning of August 21, Wanhua Chemical (Fujian) held the groundbreaking ceremony for the installation of large-scale equipment for the MDI integration project.

• wanhua chemical
• MDI integration

According to information from the China Securities Regulatory Commission, the China Securities Regulatory Commission recently approved the initial applications of the following companies in accordance with legal procedures

• IPO
• chemical company

On August 16, the environmental impact assessment information public announcement published on the official website of Shandong Shida Shenghua Chemical Group Co., Ltd.

• Dimethyl Carbonate
• factory project

Recently, "Forward AM", a new 3D printing brand under the international chemical giant BASF, joined hands with Songjiang 3D printing design service company Xuberance to establish the Asia Pacific Additive Manufacturing Technology Center

• ​BASF Asia Pacific
• Technology
• 3D-Printing

On August 17, Toray announced that through the establishment of the latest facility in Prai Industrial Park, Penang, Malaysia, Toray Group has increased its famous TOYOLAC® acrylonitrile-butadiene-styrene (ABS) transparent resin globally.

• Toray
• production capacity
• ABS

Basf announced that it will increase the price of certain polyols in North and South America from September 1, 2021 or as permitted by existing contracts.

• BASF
• NPG
• HDO

Recently, a fire broke out at BASF's factory in the southern part of Ludwigshafen. The cause of the fire is not yet known.

• BASF
• tight supply

On August 18, Ningde Times New Energy Technology Co., Ltd. (hereinafter referred to as "Ningde Times") and the Shanghai Municipal People's Government held a strategic cooperation framework agreement signing ceremony in Shanghai.

• CATL
• Strategic cooperation

German Wacker Chemie successfully developed a new type of silane-modified polymer GENIOSIL® XT, which has the advantages of convenient use, wide range of uses, and good adhesion.

• Wacker
• polymer
• GENIOSIL®
• XT

Bloomberg reported that Saudi Aramco is discussing the purchase of approximately 20% of Reliance Industries with company shares valued at approximately US$20 billion to US$25 billion.

• Saudi Aramco
• Reliance
• petrochemical business

On August 16, Thai chemical giant Indorama Ventures agreed to acquire Oxiteno, a surfactant manufacturer from Brazil's Ultra Group, for US$1.3 billion.

• Indorama
• Oxiteno
• surfactant

On August 16, the natural gas ethane recovery project of Tarim Oilfield was successfully completed and put into operation, and qualified ethane products were produced.

• Natural Gas
• Ethane
• Ethylene

Recently, LG Chem announced its second-quarter financial report. LG Chem’s net profit in the second quarter increased from 419 billion won in the same period last year to 1.6 trillion won, a three-fold increase.

• LG chem
• company profit

Recently, major companies have announced their performance reports for the first half of 2021.

• company performance
• China Merchants Group

According to Bloomberg New Energy Finance (BNEF) on August 11, the world's largest international oil company (IOC) sold more than $198 billion in assets between 2015 and 2020, which is more than four times the investment in clean energy technology.

• oil company
• company assets

• Titanium Dioxide
• Coal
• Chemical Industry