[overseas news] sabic's sale of european petrochemical business approved; lg chem and volkswagen sign deal; korean giant exits tdi market

Headlines Overview:

Raw Material News-SABICSale of European petrochemical business approved

Automotive News-LGChemical and Volkswagen sign agreement, targeting next-generation automotive plastics and composites

Electronic News Highlights-India issues final anti-dumping ruling on Chinese mobile phone cases

Additive News-10100 million investment2010,000-ton capacity! Lomon Billions' titanium dioxide plant in Malaysia commences operations

Macroeconomic Headlines-Report: Minimal progress in US-Iran negotiations as both sides refuse to compromise

Price Information-The RMB/USD central parity rate is quoted at6.7351Raise60

Below are the details of international news highlights:

1.10Billion Investment2010,000-ton capacity! Lomon Billions' titanium dioxide plant in Malaysia commences operations

Recently, LB Asia New Materials Co., Ltd., a subsidiary of Longbai Group, in Malaysia20 /The first phase of the annual titanium dioxide green factory project commenced construction in the Nibong Tebal Industrial Park, Kedah, Malaysia. It is reported that the total investment for the first phase exceeds10100 million yuan, planned construction20 /Annual titanium dioxide post-treatment production line, including both chloride and sulfate processes.1010,000 tons, construction period19months, with projected average annual revenue exceeding after production begins30100 million yuan. The project adopts "domestic crude product"+The "overseas post-processing" model targets markets including the European Union, the Middle East, India, and Southeast Asia. 

2.SABICSale of European petrochemical business approved

9 28On [date], the European Commission announced its approval of Germany'sAequita Management SEAcquisition of the Dutch subsidiary of Saudi Basic Industries CorporationSABIC Europe B.V.full control, i.e., acquisitionSABICEuropean petrochemical business. The European Commission stated that, as the combined market share of the parties post-transaction would be limited, it did not raise competition concerns and approved the merger through a simplified review procedure this year.1 SABICAnnounce European Petrochemicals (EP) Business sold toAequitaTransaction value5hundred million U.S. dollars, this business mainly produces and sells ethylene, propylene, and low-density polyethylene (LDPELinear Low-Density Polyethylene (LLDPE)LLDPE) and high-density polyethylene (HDPE), polypropylene (PP) and high value-added polymer-modified compounds, and manages facilities located in Teesside (UK), Heerlen (Netherlands), Gelsenkirchen (Germany), and Genk (Belgium).

3. OCIAnnounce withdrawalTDIBusiness! This business is already in operation.36

9 29Day, South KoreaOCIAnnounce the launch of toluene diisocyanate (TDI)TDIBusiness, Plan2026 12 18Officially cease as of the date.TDIproduction and sales. Meanwhile, the company explained that the timeline for suspending operations may be adjusted based on progress. The decision was made on2026 9 29The resolution was adopted at the board of directors’ meeting, with the independent directors and auditors unanimously approving it, underscoring corporate governance’s support for this restructuring. According to publicly available information,TDIThe current production capacity of the business is5 /Year, this business2025Annual sales are approximately1179100 million Korean won (approximately RMB5.83billion yuan), accounting for its2025Annual consolidated revenue5.87%。

4.LGChemical and Volkswagen sign agreement, targeting next-generation automotive plastics and composites

9 28 LGChemical has signed a memorandum of understanding with the Volkswagen Group to jointly develop next-generation automotive plastics and composite materials, and to study the application of recycled materials in the interior and exterior trim components of vehicles under the Volkswagen Group’s brands. The agreement was recently signed in Seoul.LGThe Twin Towers agreement includes feasibility studies on the application of specific materials as part of the cooperation. In terms of material development, both parties will utilizeLGChemicalABSResins and engineering plasticsEP), focusing on collaboration in automotive lightweighting, performance enhancement, and next-generation composite materials.

5.purenCollaborate with Covestro to advancepurenit®Sustainable Material Upgrade, First Product Plan2027Listed in [Year]

purenWith Covestro (CovestroContinue to work together to promote functional materialspurenit®The development. In GermanyObermarchtalAt the time of the new production line's commissioning at the manufacturing base,purenAnnounce its entirepurenit®The production line has been obtained.ISCC PLUSCertification. This certification ispurenUsing Covestro'sDesmodur® CQ MSLaid the foundation as an adhesive, and also for further improvementpurenit®A critical step has been taken in reducing the environmental footprint. At the commissioning ceremony,purenReleased the first product based on this technology, and plans to2027Launched to the market in [year].

6.AvantiumThe world's first commercializedFDCAFactory startup

9 28 AvantiumAnnounced that it is located in the NetherlandsDelfzijl FDCAThe flagship factory successfully produced the first batch. FDCA（2,5-Furan dicarboxylic acid), marking the world's first commercial-scaleFDCAThe official launch of the factory。The factory's annual production capacity5000ton, usingAvantiumSelf-developedYXY®Technology for the catalytic conversion of plant-based sugars intoFDCA, thereby aggregating intoPEFBrand Namereleaf®）。Avantium CEO Tom van AkenIndicate, the first batchFDCAThe output marks the transition of the factory from the commissioning phase to the operational startup and product certification phase. Full production ramp-up is expected to take12-24months, commercial sales are expected to2026Launch at the end of the year.

7.India issues final anti-dumping ruling on Chinese mobile phone cases

The Indian Ministry of Commerce and Industry has issued a notice regarding products originating from or imported from China.Phone case（Mobile Covers) Make a positive final determination on anti-dumping, recommending the imposition of duties for a period of5The anti-dumping tax for the year, manufacturer Dongguan Qiangshuo Technology Co., Ltd. (Dongguan Qiangshuo Technology Co. Ltd.Dongguan Longcheng Leather Products Co., Ltd.Dongguan Longcheng Leatherware Co. Ltd.) are all0Other Chinese manufacturers are72 /1000The Indian customs code for the products involved in the case is392610、392640、392690、851760、851770、851779。

8.Carbon footprint reduction exceeds80%TotalEnergies Corbion launches renewable materials for air filtrationPLA

Under the dual pressure of reducing emissions while ensuring product performance, TotalEnergies Corbion (TotalEnergies CorbionLaunch a commercially viable, high-performance, regenerable alternative material for air filtration.Luminy L040The grade allows filter material manufacturers to utilize their existing melt-blown production equipment.95% The above filtration efficiency helps reduce HVAC (HVAC), the environmental footprint of air purifiers, industrial filtration, and mask products.Luminy L040 Specifically developed for the meltblown process, featuring ultra-low viscosity.PLA Grade. Can be produced on existing melt-blown production lines as fine as≤1 Micron-scale ultrafine fibers require no large-scale equipment retrofitting or the addition of degradation aids. Furthermore, this material exhibits stable electret charge retention, a key characteristic for maintaining high filtration efficiency over the long term. Compared to polypropylene, its carbon footprint is reduced.80% The launch of this product marks a significant step forward in the decarbonization of nonwoven filtration materials.