About a year ago, BASF, the Germany-headquartered chemical giant, had announced it will be setting up an integrated acrylics and oxo-alcohols complex that will include a propane hydrogenation (PDH) unit to provide the feedstock, propylene, required for the project.
Firefighters have contained the blaze that started two days ago at TPC Group's butadiene (BD) plant in Port Neches, Texas, US, and authorities on Friday lifted an evacuation order. The plant's two lines can produce a total of 426,000 tonnes/year of BD, which ICIS estimates accounts for 16.4% of US capacity and 2.7% of global capacity. TPC also stores methyl tertiary butyl ether (MTBE) at the site.
The recycling of plastics – giving new life to used materials – is touted as an important component of strategies to ensure better use of a valuable resource, and seen as key to improving its sustainability profile. But, as experience over several years has shown, mechanical recycling comes with several challenges, most notable of which are degradations in properties and performance, restricting usage to less-demanding applications.
Asia’s caustic soda market is expected to remain well-supplied into December amid sluggish demand and global economic slowdown. Supply has been ample since late June, when India - the world’s largest PVC import market - removed anti-dumping duties on PVC cargoes of all origins except China and the US.
With its status as a “world factory”, China continues to attract foreign investment, not only because it has a complete industrial chain, but more importantly, the market is huge. At the same time, China is also expanding its foreign investment opening policy to “protect the foreign investment”.
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The State Council is authorized to adjust the trillion level consumption tax
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