Company Dynamic

On July 6, the Zhongan United Polyethylene Plant tried to produce the new product M2320 for the first time, and the quality indicators were all qualified.

• Polyethylene
• M2320

On the evening of July 9, Oriental Shenghong issued the "Issuance of Shares and Payment of Cash to Purchase Assets and Raising Supporting Funds and Related Transaction Report".

• M&A
• Ethylene Glycol
• PTA

BASF released preliminary data for the second quarter of 2021. Sales in the second quarter of 2021 increased by 55.8% from the same period last year to 19.753 billion euros (the second quarter of 2020: 12.680 billion euros).

• BASF
• business operation
• financial

As China's healthcare reform continues to deepen, continuous improvement in all aspects from R&D, production, distribution and marketing has helped China's pharmaceutical sector to rapidly converge with international standards and promote the transfor

• China pharmaceutical

On July 9, German specialty chemicals company Evonik announced that the construction of a new integrated polyamide 12 (PA12) production facility in the Maer Chemical Park in Germany has been completed and is expected to be put into operation within this y

• Evonik
• PA12
• production base

According to Reuters on July 2, four people familiar with the matter told Reuters that Royal Dutch Shell plans to leave its California oil and gas production joint venture Aera with ExxonMobil.

• Shell
• ExxonMobil
• joint ventures

On July 1, Dow announced a series of incremental and high-return capacity expansion plans to support the growing demand of its key end markets.

• Dow
• capacity expansion

BASF has integrated the sustainable solutions in its plastic additive product portfolio into its new global brand VALERAS.

• BASF
• additives
• sustainable development

The problem of antibiotic resistance has now become a global crisis. Globally, at least 700,000 people die each year from drug-resistant diseases, including 230,000 from multidrug-resistant tuberculosis. If no action is taken, the worst-case scenario is t

• antibiotic drug

On July 1, Dow announced a series of incremental and high-return capacity expansion plans to support the growing demand of its key end markets.

• Dow
• polyurethane
• PG

On June 30, Celanese announced that it had signed a definitive agreement to acquire ExxonMobil’s Santoprene TPV elastomer business at a price of US$1.15 billion. The transaction is expected to be completed in the fourth quarter of 2021.

• Celanese
• ExxonMobil
• TPV

On July 1, Clariant, a Swiss specialty chemicals company, announced the creation of a renewable ethylene oxide (EO) derivative joint venture with India Glycol Limited (IGL). The joint venture will operate under the name Clariant IGL Specialty Chemicals Pt

• Clariant
• IGL
• ethylene oxide

In 2020, the epidemic will reduce the demand for foreign trade in the chemical and plastics industry, coupled with the decline in production capacity, the upgrade of personnel entry and exit, cross-border logistics, inspection and quarantine, etc.

• BASF
• DuPont
• Celanese

Layn Natural Ingredients, an expert in plant extracts, announced an investment of US$148 million for infrastructure expansion, promotion of plant extracts and natural sweeteners innovation and R&D, and consolidation of the supply chain.

• Rheinland
• sweeteners

On June 30, 2021, after meeting the liquidation conditions, BASF completed the divestiture of the global pigment business.

• BASF
• global pigment business
• DIC

Yesterday (July 1), Wanhua Chemical’s propylene quoted price was 7,900 CNY/ton, a price reduction of 100 CNY/ton from last week

• Epoxy Resin
• bisphenol A
• price fluctuation

On June 29, Akzo Nobel announced that after reaching an agreement to acquire Colombian paint and coating company Grupo Orbis, it will further expand its long-term position in South and Central America.

• Akzo Nobel
• Colombian paint
• Grupo Orbis

On June 29, 2021, the world's leading thermoplastic resin distributor Nexeo Plastics and material manufacturer Covestro announced the cooperation to develop and launch a new polycarbonate/ABS 3D printing wire-Addigy®FPB 2684 3D.

• Covestro
• PC
• ABS
• 3D Printed

Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced that the U.S. government has purchased an additional 200 million doses of Moderna's COVID-19 vaccine, including the option to purchase other

• moderna vaccine

On June 7th, SABIC issued a price increase letter. Due to tight supply and demand, the price of some resin products will be increased from July 5th.

• Eastman
• Mitsubishi chemical