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Chemical firms to slash investment as coronavirus impact bites

Global investment in the chemical industry is expected to slow considerably for a number of years following the coronavirus pandemic and collapse in crude...

Coronavirus impact on polyolefins “much bigger” than SARS

Wood Mackenzie has scaled up its threat warning to the petrochemicals industry of the coronavirus outbreak, saying that it will have a much bigger...

SABIC to boldly go in search for circularity

This year will see SABIC forge bold, new collaborations with high-calibre partners in order to create a circular, transparent and sustainable economy for plastics,...

China’s petrochemical industry set for downcycle

China’s petrochemical industry is on the start of a downcycle, according to Wood Mackenzie, as a supply overhang in the paraxylene (PX) market looks...

Global chemical supply threatened by Middle East escalation

Military action leading to the closure of the Strait of Hormuz between Iran and Saudi Arabia could seriously disrupt global trade in chemicals and...

BASF’s China Verbund gets underway

BASF has launched its smart Verbund project in Zhanjiang, Guangdong province, China, and commenced building its first plants. It marks a milestone of the...

BASF pumps €20m into pyrolysis partnership

BASF is to invest €20 million ($17.7m) into Quantafuel, a specialist for the pyrolysis of mixed plastics waste and purification of pyrolysis oil, headquartered...

Holland Colours expands in Indonesia

In order to accommodate the strong demand for light blocking colourants in PET packaging for dairy applications, Holland Colours is expanding its manufacturing capacity...

PE prices spike in Asia after drone attacks

Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi...

US PET market could face major shake-up

Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a report...

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