Europe Becomes Major Importer of US Ethylene

The Global Impact Coalition (GIC) has announced the launch of a dedicated spin-off structure to advance its "Sustainable Olefins Program." The project will begin with a feasibility study, marking the first step in Europe towards methanol-based electronic sustainable aviation fuel (e-SAF) and new process routes for low-carbon chemicals. A group of GIC member companies has joined forces to assess the technical and economic potential of methanol-to-olefins (MTO) technology as a sustainable alternative to traditional fossil-based production processes. The team will evaluate the feasibility of converting sustainable methanol into olefins, which are key raw materials for fuels and high-end materials. The newly established spin-off structure aims to foster deeper collaboration, explore investment opportunities, and lay the foundation for potential project development.

Senior executives in the global petrochemical industry have warned that U.S. tariff policies are placing even greater pressure on an already struggling sector. Executives from TotalEnergies pointed out at the Asia-Pacific Oil and Chemical Conference that the trade disruptions caused by the Trump tariffs could lead to a 15% decline in global petrochemical trade volumes. Ganesh Gopalakrishnan, Head of Petrochemical Trading at TotalEnergies, said during the conference, “If the tariffs remain in place, transaction prices for petrochemical products will drop by another 15%. Over the past five years, due to overcapacity, total trade volumes have already fallen by 34%.”

The "2025 Xianyu Trendy Toys Consumption Insight Report" was released on September 9. According to the report, trendy toy transactions will see explosive growth in 2025, with both order volume and transaction value in the second quarter increasing by over 300%. The domestic trendy toy market is accelerating its differentiation, and new IPs are entering a golden period of growth. LABUBU has topped the sales chart for two consecutive years, while five major IPs including Xingxingren, Rayan, and WAKUKU have entered the top 20 for the first time. Currently, the domestic trendy toy market is dominated by original Chinese IPs, with only four overseas IPs making it into the top 20 in sales in the first half of the year. In the first half of 2025, orders for soft vinyl and plush trendy toys on the Xianyu platform surged to 240 times that of the same period in 2024, with LABUBU, DIMOO, and SKULLPANDA among the most sought-after IPs.

The U.S. National Highway Traffic Safety Administration (NHTSA) said on Tuesday,Ford Motor CompanyNearly 1.5 million vehicles will be recalled in the United States due to an issue with the rearview camera, which may cause the image to appear inverted, distorted, or blank, thereby increasing the risk of a collision.

The NHTSA stated that this recall involves 2015 to 2019 models of the Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Expedition, Edge, Transit, Transit Connect, Econoline, and Ranger.

Ford dealers will offer free inspection and replacement of vehicle cameras for owners.

The NHTSA stated in another notice that Canadian auto parts supplier Magna International is recalling over 250,000 installed units. Rearview camera on Stellantis vehicles.

September 9XPeng MotorsIt is planned to launch the "MONA" brand in overseas markets in 2026 in order to strengthen ties with... Competition.

XPeng MotorsThe CEO expressed openness to acquiring other electric vehicle companies in a move aimed at increasing global market share.