Tianjin nangang ethylene and polypropylene new products exported to south korea for the first time

On June 16, Celanese announced.AISIN Industrial Co., Ltd.’s consolidated subsidiary, AISIN Industries Kentucky, LLC, has used polyoxymethylene (POM) material made by Celanese from captured carbon dioxide.Used for producing fuel pump modules for a North American automotive manufacturer.

According to reports, Ford Motor Company and several other automakers are competing to apply for permits from the U.S. Department of Commerce in order to continue selling multiple models that have been on the market for many years.In January 2025, the relevant regulations were implemented in the United States by the Biden administration on national security grounds and remained in effect after the Trump administration took office. These regulations restrict connected vehicles from being equipped with Chinese software. The software ban applies starting with 2027 model-year vehicles, while the hardware restrictions apply to 2030 model-year vehicles.Ford has submitted a relevant application, hoping to be approved for the continuous import of the Lincoln Nautilus SUV assembled in China, with an expected import of the 2027 model in January next year.Volvo stated in May that it had obtained the relevant licenses, General Motors has required its suppliers to eliminate all Chinese-made components from their supply chains by 2027, and the U.S. Department of Commerce will not publicly disclose applications for or the approval results of the relevant licenses.

On June 16, 2026, Olin Corporation and Huntsman Corporation jointly announced a proposed merger through a stock-for-stock transaction, with a total transaction value of approximately US$2.43 billion. Upon completion of the merger, the two companies will be combined into a North American company. The giants' combined revenue is expected to be approximately $12.5 billion in 2025. According to the announcement, the exchange ratio for this share swap is set at 0.5476 new Olin shares for each Huntsman share. Upon completion of the transaction, existing Olin shareholders will hold approximately 54.5% of the shares of the newly combined company, while Huntsman shareholders will own approximately 45.5%. The exchange ratio for this share swap was determined with reference to the volume-weighted average market prices over the 30 trading days up to June 12, using a market-price-based exchange mechanism. Olin and Huntsman stated that this pricing method not only offsets the impact of Olin’s recent share price volatility and reflects current market conditions, but also provides Huntsman shareholders with a premium relative to the historical average share price. Olin, headquartered in Clayton, Missouri, and Huntsman, headquartered in The Woodlands, Texas, are both important companies in the North American chemical industry.

On June 16, Ruifeng New Materials (300910.SZ) announced that the company has been included in the EU's sanctions list against Russia. The EU claims that the company supplies chemical additives for military lubricants used by the Russian military machinery. The company stated that its products are solely for civilian use, has never supplied chemical additives for Russian military machinery lubricants, is not an entity supporting the Russian military-industrial complex, has not participated in military research and development, has proactively ceased business with Russia, and has initiated response measures, cooperating with national authorities to negotiate with the EU. Revenue from the EU region in 2025 is approximately 142 million yuan, accounting for about 4% of total revenue, with a preliminary assessment indicating a relatively small direct impact.

On June 15, the National Development and Reform Commission and four other departments jointly issued the "Notice on Launching a Three-Year Action for Energy Conservation and Carbon Reduction Transformation in Key Industries." The notice focuses on nine industries: steel, electrolytic aluminum, cement, flat glass, refining, ethylene, synthetic ammonia, methanol, and coal power, aiming to comprehensively implement energy-saving and carbon reduction transformations within three years. The notice proposes that by the end of 2028, the proportion of production capacity in key industrial sectors such as steel, electrolytic aluminum, cement, flat glass, refining, ethylene, synthetic ammonia, and methanol that meets the current energy efficiency benchmark level will increase by an average of 20 percentage points, while the coal power industry will strive to increase by 15 percentage points. Production capacity below the energy efficiency benchmark level will be basically eliminated, cumulatively resulting in energy savings exceeding 100 million tons of standard coal and carbon dioxide emissions reductions exceeding 200 million tons.