- European energy crisis hits the chemicalindustry hard
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The European chemical industry is beginning to suffer due to the impending energy crisis, which will affect all industries supplying all European value chains, which of course includes the chemical industry, the fourth-largest manufacturing chain in the EU. The crisis has been exacerbated by the war in Ukraine, characterized by soaring gas and electricity prices, which in turn have led to gas supply shortages and demands for lower electricity consumption.MORE
Europe needs to take more robust initiatives to achieve energy security
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Following the outbreak of the Russia-Ukraine conflict earlier this year, global gas production and exports have been challenged. Since Europe is heavily dependent on energy imports, the shortage of natural gas supply and the resulting rapid increase in electricity prices are causing headaches for many European countries.ENTER
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BASF inaugurates the first plant of its new Zhanjiang site
BASF to build neopentyl glycol plant
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BASF announced on October 11 that it plans to invest in a new world-class neopentyl glycol plant with an annual capacity of 80,000 tons at its Zhanjiang integration site in China.The new plant is expected to start up in the fourth quarter of 2025, which will increase BASF's global neopentyl glycol capacity from 255,000 tons to 335,000 tons per year. BASF currently has neopentyl glycol production facilities in Ludwigshafen, Germany, Freeport, Texas, USA, as well as in Nanjing and Jilin, China.ENTER
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According to BASF, China is the world's largest chemical market and investing in China is in line with BASF's strategy to produce close to customers
Today, China accounts for about 45% of the global chemicals market. By 2030, China is expected to account for half of the global chemical market, and more than two-thirds of the growth in global chemical production will come from China. BASF's main production sites are located in Shanghai, Nanjing and Chongqing, while the Shanghai Innovation Park is BASF's R&D hub worldwide and in the Asia-Pacific region. 2021, BASF's sales to customers in Greater China will be around 12 billion euros and the number of employees will be 11,070 at the end of the year."BASF is confident about participating in the future development of China." BASF said that developing a local presence in China is strategically important and economically valuable, and will further enhance the company's regional diversification.
AkzoNobel announces the official start of construction of its decorative paint logistics base in East China, located in Songjiang, Shanghai
AkzoNobel recently announced that it has officially started construction of its decorative paint logistics base in East China, located in Songjiang, Shanghai, and will be officially opened in June 2023. It is understood that the logistics base, with an investment of about 75 million RMB, is expected to speed up the integration of production, storage and transportation in China after completion. The base will connect AkzoNobel Paint (Shanghai) Co., Ltd. production lines, store decorative paint coating products and serve the whole country, further enhancing the company's deployment flexibility and quality control in warehousing. The warehouse will adopt intelligent digital technology and advanced security management techniques to tailor the most suitable storage methods and operation modes for different products, making the overall management more flexible and efficient.
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Axalta's New Mobile Mobility Coatings Plant Breaks Ground in Jilin
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PPG Coatings (Zhangjiagang) Phase III Project
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September 16, 2022 Axalta today announced the groundbreaking of its state-of-the-art coatings plant in Jilin, Jilin Province, China. Upon completion, the new 46,000 square meter facility will produce high performance mobile mobility coatings to meet the growing demand for passenger car, commercial vehicle and automotive component coatings applications in China.
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PPG Coatings (Zhangjiagang) Co., Ltd., a wholly owned subsidiary of PPG in China, plans to complete the third phase of the project and start production in June this year. With a total investment of US$75 million and covering an area of 174 acres, the project will have an annual production capacity of 145,000 tons of high performance coatings and 5,000 tons of PVC sealants when it reaches production.
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Covestro's 2022 China Production Investment Plan
Covestro opens its world's first dedicated polycarbonate production line for physical recycling in China to achieve its goal of processing plastic waste into recycled engineering plastics.
Covestro Invests Tens of Millions of Euros in Two New Plants in Shanghai
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On July 8, 2022, Covestro officially opened two plants for waterborne polyurethane dispersions (PUDs) and elastomers at its Shanghai integration site in Caojing. The new PUD plant and its accompanying polyester resin production line will be completed in 2024, and the new elastomer plant is expected to be operational in 2023.ENTER
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Evonik has built its first global lithium-ion battery center in Shanghai
On August 25, 2022, Evonik announced the upgrade of its R&D site in Shanghai Xinzhuang Industrial Park and its official renaming to "Evonik Shanghai Innovation Park".Evonik Greater China President Xia Fuliang told Interface News that the upgrade aims to expand the company's R&D activities in China. After the upgrade, the Shanghai Innovation Park will integrate basic research, product development, process development, pilot plant, application technology, testing and analysis services and venture capital activities.According to Xia Fuliang, in addition to R&D activities covering the entire innovation process, the upgraded Shanghai Innovation Park will carry out both local, Asia-Pacific and global R&D projects. In addition, Evonik plans to further strengthen joint R&D projects with research institutes, industry partners and high-tech startups.
Evonik at the 5th China International Import Expo
18 innovative products cover sustainable material solutions for various application areas such as transportation, consumer goods and urban construction.
Evonik's first Global Lithium-ion Battery Center focuses on innovative solutions in the fields of positive and negative battery materials and diaphragm materials as well as electrode preparation technologies, and serves as a one-stop technology and testing center for battery suppliers and automotive OEMs, including battery material research and assisting customers in battery prototype testing. Evonik's business development and R&D focus areas in China, such as new energy vehicles, green manufacturing, additive manufacturing and consumer products.
According to incomplete statistics, foreign investors have invested nearly RMB 100 billion in new chemical materials and other fields in recent years.
The heavy investment of important European chemical companies will inject new development momentum into the Chinese chemical market. Through the introduction of international high-end technology and management experience can help promote the development of China's domestic related industries, but also to stimulate market vitality, drive the domestic chemical market to synchronize the upgrade, and even overturn the current global chemical industry pattern.