Chemical Industry Latest News and Trends-Global and Industry Dynamics-Skyseven Chemical

China's Chemical Trade to Soar to $1.949 trillion in 2024

In 2024, China's chemical industry's total imports and exports increased by 1.2 percent, exports increased by 3.3 percent, and prices rose and fell. The main trading partners were the United States and South Korea, with crude oil imports accounting for 26.3 percent.

2025-02-17 15:29:37

BASF Brazil decorative coatings business ushered in a new owner, Xuanwei took over for $1.15 billion.

BASF sold the Brazilian decorative coatings business to Xuanwei for US $1.15 billion, covering production sites, brands and employees. The transaction is expected to be completed in the second half of 2025.

2025-02-16 15:35:38

Saudi Aramco deepens investment in China as Sino-Saudi Aramco ethylene project advances in full swing

The Sino-Saguray ethylene project is progressing rapidly, and Saudi Aramco is increasing investment in China to help upgrade the petrochemical industry and the "double carbon" target, with construction not stopping during the Spring Festival.

2025-02-13 15:46:56

The fate of the Leander Basel Rotterdam plant hangs in the balance as potential closure raises industry concerns

The Rotterdam plastic precursor plant in the Netherlands may be closed, LYB and Covestro are facing a transformation, 70 employees are affected, and the industry is closely watching.

2025-02-13 15:39:07

Mitsubishi Chemical Group's performance declined in the first nine fiscal years, but it still maintained a solid growth trend.

Mitsubishi Chemical Group's performance declined in the first nine fiscal years, but the specialty materials and industrial gas sectors grew strongly, maintaining full-year net profit and sales expectations.

2025-02-08 11:15:17

Dow Chemical announces massive cost reduction plan, cutting 1500 jobs to cut $1 billion in costs

Dow Chemical announced plans to cut costs by 1500 employees and $1 billion in cost cuts, while releasing 2024 fiscal year results.

2025-02-07 15:19:34

Fujian Zhongsha Gu Lei project ushered in the key review node, promote the construction of world-class ethylene plant

The 90% 3D model review of the PC & BPA joint plant in Fujian Zhongsha Gulei Project was smooth, pushing forward the construction of a world-class ethylene plant.

2025-02-06 13:46:50

Kesar Petroproducts Ltd to explore new areas of fertilizer, trial production smoothly started

Kesar Petroproducts Ltd has launched a pilot production of a new fertilizer plant in Maharashtra, which is expected to increase production capacity and expand its business scope.

2025-01-26 14:37:05

South Korea to impose anti-dumping duties on Chinese PET resin for five years

The South Korea Trade Commission proposed to impose a five-year anti-dumping duty on Chinese PET resin, which has previously imposed a temporary duty to protect the country's related industries.

2025-01-24 16:41:36

Adani Group joins forces with Thai Indorama to accelerate petrochemical expansion

The Adani Group has partnered with the Thai Indorama to accelerate the expansion of its petrochemical business and build a petrochemical complex in phases, including the largest PVC manufacturing plant in India.

2025-01-24 16:35:45

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China's Chemical Trade to Soar to $1.949 trillion in 2024

BASF Brazil decorative coatings business ushered in a new owner, Xuanwei took over for $1.15 billion.

Saudi Aramco deepens investment in China as Sino-Saudi Aramco ethylene project advances in full swing

The fate of the Leander Basel Rotterdam plant hangs in the balance as potential closure raises industry concerns

Mitsubishi Chemical Group's performance declined in the first nine fiscal years, but it still maintained a solid growth trend.

Dow Chemical announces massive cost reduction plan, cutting 1500 jobs to cut $1 billion in costs

Fujian Zhongsha Gu Lei project ushered in the key review node, promote the construction of world-class ethylene plant

Kesar Petroproducts Ltd to explore new areas of fertilizer, trial production smoothly started

South Korea to impose anti-dumping duties on Chinese PET resin for five years

Adani Group joins forces with Thai Indorama to accelerate petrochemical expansion

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