The ministry announced a flexible tariff operation plan for 2025, which includes a zero tariff on crude oil used for naphtha production through next year. The announcement, made on December 2, aims to ease the financial burden on the petrochemical industry that has faced declining profit in the backdrop of uncertainty in the global economy and structural over-supply.

Arkema announces it has purchased one of the leading producers of flexible packaging adhesives, Dow's Flexible Packaging Laminating Adhesives Business. That acquisition will provide ample opportunities for Arkema to substantially enhance its flexible packaging offerings and consolidate its presence in this growing, potentially very profitable market.

Zeren Group has successfully completed the acquisition of Türkiye Petrolleri (TP Petrol Dagitim AS), one of Turkey’s largest fuel retail chains, having received all necessary regulatory approvals.

PPG announced a $550 million corporate transaction for its U.S.-Canada architectural coatings business with industrial investor AIP. The acquisition resulted in a strategic review of acquisition alternatives commencing on February 26, 2024. Goldman Sachs & Co

Not long ago, major Japanese chemical companies have considered earnings reports for the fiscal year 2024, and for them to be less than what one expects. Recorded in the net is a skyrocketing harsh rise in price of raw materials. As such, sales gradually increased compared to that of last year because of upward price revisions and favorable market conditions.

Taiwan's nylon, epoxy resin, polyimide (PI) and other products have a certain status in the international supply chain. However, the key amine-based intermediates required for high-end application-end materials are monopolized by major international manufacturers, making it impossible to obtain or The limited application fields affect the industry’s opportunities to further enhance its competitiveness.

European natural gas prices surged to their highest level this year, topping €49/MWh, as the rapid depletion of storage sparked supply concerns. As of last Saturday, the EU's gas storage level was 85.47%, below the five-year average.

Russian President Vladimir Putin signed the budget of the Russian Federation for 2025, as well as the federal budget bill for the 2026-2027 planning period, as reported by RIA Novosti on December 1.

According to data from the U.S. Department of Commerce, the core PCE price index in the United States rose 2.8% year-on-year in October, the largest increase since April this year, in line with market expectations

The Australian government said it was on track to meet its emissions reduction targets by 2030, despite concerns that the national rollout of renewable energy would not be fast enough to meet legislative targets.

Iran's oil Minister said on Tuesday that the Ministry had succeeded in increasing production of unprocessed natural gas after identifying bottlenecks. After extensive planning, the Ministry of Petroleum has succeeded in increasing

Japan's Shigeru Ishiba cabinet has approved an economic stimulus package worth 21.9 trillion yen to tackle a range of challenges, from inflation to wage growth. While the scale of the stimulus package rolled out by Shigeru Ishiba's government is comparable to last year's

According to the latest data from the International Semiconductor Industry Association (SEMI), global IC sales increased by 12% quarter-on-quarter in the third quarter, mainly due to seasonal factors and strong demand for AI data center investment

The reporter learned on the 21st local time that Japan's Kansai Electric Power Company restarted the operation of the reactor of Unit 3 of the Mihama Nuclear Power Plant in Mihama Town, Fukui Prefecture.

The Abu Dhabi National Oil Company unveiled the establishment of an investment house-XRG-at a whopping $80 billion, which will become part of ADNOC's low-carbon energy and chemical investments. The operations are expected to commence in the first quarter of 2025