Evonik Industries announced on September 11 that it plans to close two production sites in Germany—Hamburg and Bitterfeld—next year, affecting 50 and 40 employees, respectively. The Hamburg site primarily supplies products for the cosmetics and perso

On September 10, LG Chem and TK Chemical, a subsidiary of SM Group, signed an MOU in Seoul on the development of eco-friendly biodegradable materials (PBAT) and business cooperation. PBAT (Polybutylene Adipate-co-Terephthalate) is a petroleum-based

Headlines: Raw Material News-Dow Chemical is considering exiting its joint venture with Saudi Aramco.Sadara Automotive News-The U.S. government has issued a warning regarding Ford's cooperation with Chinese companies. Packaging News-German flexible

On September 3, Lotte Chemical’s naphtha cracking complex (NCC) at the Daesan Industrial Complex in South Korea was officially shut down indefinitely, with its associated butadiene extraction unit also ceasing operations. The facility has a designed

Recently, INEOS Inovyn, a subsidiary of the INEOS Group, signed an acquisition agreement to acquire the remaining 50% stake in Runcorn MCP Limited from Vynova Runcorn Limited, which has entered bankruptcy administration in 2025. The acquisition also

Avantium N.V.’s flagship FDCA production plant in Delfzijl, the Netherlands, is getting closer and closer to start-up, while the company continues to expand its commercial partnership projects and prepare new financing for the next phase of business

On August 17, BASF announced on its official website that it will increase the prices of caprolactam, polyamide 6 (nylon 6), and copolyamide 6/66 (nylon 6/66 copolymer) in North America effective September 1, with an increase of 8 cents per pound (ap

According to Zhuansu Vision, starting from September 1, 2026 (or in accordance with existing contract terms), BASF will increase the price of all grades and packaging specifications of its NEOL® neopentyl glycol (NPG) in the United States and Canadia

According to people familiar with the matter cited by Bloomberg, specialty chemicals company Ashland is evaluating the possibility of a full sale. According to reports, Ashland has hired Citigroup and Lazard Inc as financial advisors to simultane

Due to severe overcapacity in the Indian market, high production costs, and continued pressure on profit margins, BASF India plans to shut down its sulfuric acid plant and low-temperature reactor at the Dahej production site by the end of 2026. T

On August 7, 2026, it was reported that due to continued drought in Europe and the resulting decrease in water levels in the Rhine River, the river has recently hit a record low. As an important

Engineering resins producer Trinseo released its second-quarter financial results on August 6, reporting a net loss of $120 million for the period, compared with a net loss of $106 million in the same period last year. The company said

The transaction is expected to generate $150 million in annual synergies while advancing electrification in North America and AI-driven data center infrastructure development. This $3.8 billion acquisition combines Prysmian’s cable technology strengt

The new compact baler network fills a critical gap in the flexible plastic recycling sector, making waste collection economically viable for small and medium-sized commercial waste generators nationwide. The Alliance to End Plastic Waste has partnere

Dover Group acquired Cloeren, a leader in the field of extrusion die heads and distributors, in order to enhance MAAG's polymer processing performance. This strategic acquisition brings the manufacturing technologies for high-performance die heads an

INEOS Phenol, the world’s leading producer of phenol and acetone, has declared force majeure on the supply of both products and introduced sales allocation measures to address customers’ limited supply needs. The force majeure was caused by a disrupt

The two major petrochemical holding companies under INEOS Group reported a significant surge in second-quarter earnings. INEOS said that the conflict in the Middle East altered the regional supply-demand balance, product prices, and profit margins,

Singapore (ICIS) — The South Korean government has approved a major petrochemical restructuring project in the southern city of Yeosu, involving Yeochun NCC (YNCC), Lotte Chemical, Hanwha Solutions, and DL Chemical. The government has pledged support

Eni’s chemical subsidiary Versalis confirmed to S&P Global Commodity Insights’ Platts by email on July 21 that the company has shut down its polyethylene (PE) production unit in Brindisi, Italy, and placed the unit in a mothballed state. In it

On July 17, 2026, Guoen Co., Ltd., a leading modified materials company, made another strategic move by taking a stake in the establishment of Guoen Jiuchi Technology (Shanghai) Co., Ltd., officially expanding into cutting-edge fields such as artif