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European Chemical Industry Under Pressure; Dow Releases Leak Incident Report; Canada Launches Import Quotas for Chinese Electric Vehicles
International News Digest: Major Company News 31,000 Pounds of Carcinogen Leaked! US CSB Releases Final Investigation Report on Dow Chemical Ethylene Oxide Incident Raw Material News Injection Stretch Blow Molding (ISBM) Enables Lighter HDPE Bottles
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China Lifts Additional Tariffs on Some Canadian Imports! Lotte Chemical to Shut Down 1.1M TPY Ethylene Plant
International News Highlights: Raw Material News: 1.1 Million TPY Ethylene Plant to Be Shut Down Additive News: Avantium Partners with Will & Co to Advance FDCA Applications in Coatings, Adhesives, Sealants and Elastomers Equipment News: Brü
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BASF Raises Prices! Nova Chemicals Expands Recycled PE Lineup! South Korea, UAE Sign $35B Defense MOU
International News Highlights: Raw Material News: BASF Announces MDI Price Hike in ASEAN Region Automotive News: MG Becomes First Chinese Auto Brand with 1M+ Cumulative Sales in Europe Electronics News: Nova Chemicals Expands Recycled PE Portfolio, S
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U.S. Considers New Tariffs on Six Industries! Celanese Reports Earnings Decline; Li Auto Joins EUCCC
International News Highlights: Raw Material News: Celanese Officially Opens Michigan Tech Center to Boost R&D on TPV, PA and Other Engineering Plastics Automotive News: Li Auto Joins the European Union Chamber of Commerce in China Packaging News:
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Elkem Sells Silicone Business Assets! Combined Losses of 8 Major South Korean Petrochemical Firms Widen; Avient Announces Dyneema Capacity Expansion
International News Highlights: Raw Material News - Elkem Reaches Agreement to Sell Core Silicone Business Assets to BlueStar Automotive News - US Tariffs Hit Hard: Japanese Automakers Lose $13.7B in Profits Electronics News - Toray Achieves Breakthro
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【Shanghai Petrochemical Raises Capital by RMB 600 Million 】Shanghai Petrochemical Co., Ltd. announced that Inner Mongolia Xinsanjin Carbon Fiber Co., Ltd. has successfully completed a public equity financing round. This round attracted several strategic investors, including Sinopec Corporation, Uxin Banner State-owned Investment Group Co., Ltd., Dongfang Wind Power Co., Ltd., and China Construction Bank Investment Co., Ltd., collectively injecting RMB 600 million in newly registered capital. Among them, Sinopec Corporation subscribed to RMB 300 million of the newly issued registered capital and, upon completion of the, will hold a 25% equity stake in the carbon fiber company. The remaining RMB 300 million of newly issued registered capital was subscribed to by other strategic investors, including Uxin Banner State-owned Investment Group Co., Ltd., Dongfang Wind Power Co., Ltd., and China Construction Bank Investment Co., Ltd. Following this capital increase, the carbon fiber company’s registered capital increased from RMB 600 million to RMB 1.2 billion, and Shanghai Petrochemical Co., Ltd.’s equity stake in the carbon fiber company was diluted from 100% to 50%.
2026-03-03 16:35:33 -
【Shenghong Refining Wins National Award 】Recently, the Ministry of Industry and Information Technology released the 2025 National Green Manufacturing List. Shenghong Petrochemical Industry Group’s subsidiary, Shenghong Refining & Chemical (Lianyungang) Co., Ltd., was awarded the national "Green Factory" title in recognition of its outstanding practices in green manufacturing, adding another distinguished "green credential" to the company's high-quality development portfolio.
2026-03-03 16:34:04
China FujianProvince