Lanxess, a specialty chemicals company, and Advent International, one of the world's largest and most experienced private equity investors with a proven track record in chemical investments, are forming a joint venture to produce high-performance engineering polymers.

The Russian Satellite News Agency reported on the 31st that European Council President Michel tweeted that the leaders of EU member states agreed on the first day of the Brussels summit to partially ban oil imports from Russia.

Experts: Industrial output to see gradual recovery

In the cold winter of enterprises, nearly 6,000 plastic enterprises have been cancelled or closed down!

About 10% of the EU's oil imports from Russia are temporarily exempted, including pipeline oil imported from Russia by Hungary, Slovakia, and the Czech Republic. These countries are difficult to obtain alternative oil resources in the short term.

Russia is about to shut off some of Germany's gas

Shanghai begins return to normal life and production

Factory activity improves in May

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Since May 19, international crude oil has risen for eight consecutive trading days!

Recently, it was announced that BASF (Malaysia) Sdn Bhd will expand the production capacity of its Ultramid? polyamide (PA) and Ultradur? polybutylene terephthalate (PBT) products by 5,000 tons per year. The debottlenecking of BASF's production site in Pasir Gudang, Malaysia is scheduled to be completed in the second quarter of 2023.

There are 2 very different kinds of recessions—and the U.S. is likely headed for something totally different than 2008

On May 26, local time, a cargo ship named "Marco Polo 188" slanted severely in the waters of the North Malacca Strait in the Riau Islands, Indonesia. The cargo ship was carrying 195 containers, some of which fell into the wrecked waters after the accident.

China's coal output up 10.5% in first four months, natural gas output up 4.7% in April

On the 26th local time, British Chancellor of the Exchequer Sunak announced in the House of Commons of the British Parliament that the United Kingdom will impose a 25% energy profit tax on oil and gas companies. The additional tax, which amounts to an additional levy on top of the current rate, is effective immediately and may continue until the end of 2025.