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Lotte Chemical Sold Its Pakistani Subsidiary for 68 Million Dollars at a Loss of 1.8 Trillion Won Lotte Chemical Corporation, a financially troubled South Korean chemical company, announced on Wednesday that it has sold its subsidiary in Pakistan as part of its business restructuring. The company ... Read More
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US$1.15 Billion! BASF Sells Brazilian Decorative Coatings Business The pace of business adjustment of BASF is steadily advancing. On Feb. 17, BASF announced that it had signed an agreement with Sherwin-Williams to sell its Brazilian decorative coatings business for $1.15 billion. The Brazilian ... Read More
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LG Chem is Certified Platinum for Zero Waste to Landfill Recently, LG Chem announced that its subsidiary LG Chem (Tianjin) Engineering Plastics Co., Ltd. was awarded the UL 2799 Zero Landfill Platinum certification, becoming LG Chem's third manufacturer in China after Quzhou plant and Guangzhou ... Read More
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China Chemical's New High-End Polyformaldehyde Material Project Succeeded in Pilot Testing On February 11, It was learned that China Chemical Engineering Group that the pilot test of high-end polyformaldehyde (POM) new material project independently developed, designed and constructed by China ... Read More
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The Eu Parliament Revised the Regulations on Scrapped Vehicles, Reducing the Proportion of Recycled Plastics in New Cars from 25% to 20% The European Parliament recently passed an important report, which made key revisions to the European Commission's regulations on end-of-life vehicles (ELV). The ... Read More
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China National Chemical Tianchen Co., Ltd Signs EPC Contract for Indonesian Soda Ash Project On February 10th, China National Chemical Tianchen Co., Ltd. was informed that recently, it signed a general contract for a soda ash project with Pupuk Kaltim Indonesia. This is a national key project in ... Read More
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Adnoc Plans to Merge its Business with OMV, a $30 Billion Chemical Giant is Coming Abu Dhabi National Oil Company (Adnoc) and Austrian Energy Company (OMV) recently announced plans to merge their plastics businesses and acquire Canadian plastics producer Nova Chemicals in the process. This move aims ... Read More
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Saudi Arabia is a Popular Destination for Chinese Companies to Invest in Calcium Chloride Overseas Calcium chloride is an inorganic compound with the chemical formula CaCl2. Calcium chloride usually appears in the form of white or off-white granules or powder. It is slightly toxic, odorless, ... Read More
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30% of Small and Medium-sized Enterprises in the Sodium Sulfate Industry will be Eliminated by 2025! A New Environmental Protection Policy is Implemented According to Sodium Sulfate Industry Consulting, 30% of small and medium-sized enterprises in the sodium sulfate industry will be eliminated by ... Read More
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TA'ZIZ Spends $1.7 Billion on First Methanol Plant in UAE On February 3, TA'ZIZ, jointly established by the UAE energy giant Abu Dhabi National Oil Company (ADNOC) and local sovereign investment institution ADQ, announced that it would invest $1.7 billion to build the UAE's first methanol plant. ... Read More
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