Given that the competition is stiffening from China and there is oversupply in the markets, the South Korea petrochemical industry is clearly in trouble. Not to be dissuaded, the South Korean government is undertaking concrete steps to create major restructuring plans that will enable the petrochemical industry to extricate itself from the present crisis and revive. 

Hindered amine light stabilizers help prevent plastic products from decomposing under the influence of sunlight, air and heat, and can improve the environmental weather resistance and service life of plastic products. In addition to being used as plastic additives

Okuno Pharmaceutical Co., Ltd. of Japan has developed two silica-based coatings that do not contain perfluorinated/polyfluoroalkyl substances (PFAS), including the non-sticky antifouling coating "Top Cerarelease IG-1" and the food utensil coating "Top Cerarelease FG-1" that complies with the Positive List system.

Recently, Dow Chemical announced that it has completed the previously announced transaction and successfully sold its flexible packaging composite adhesive business within its packaging and specialty plastics division to Arkema, a global leader in specialty materials, for $150 million.

The China phosphate rock market was hit hard by the international export ban on phosphate derivatives: Ultimately prices and supplies were to be affected. As the main consumptive field for phosphate rock, the constraints were noted by phosphate fertilizer export demand which was then lower than phosphate rock demand; that may lead to price fluctuations in the long term

According to a new comprehensive report from The Insight Partners, Global Advanced Carbon Materials Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights is observing significant growth owing to the increasing demand for lightweight materials.

Based on the findings of Technavio, Americas' sulfuric acid market will see a valuation of a whopping USD 1.12 billion between the years 2024 to 2028. By the growth rate forecasted for this period, this sum covers an expansion brought by a compound annual growth rate of 6.78%

Lecta, a European producer and distributor of specialty papers used for labels and packaging, hereby announces the separation of its self-adhesive business unit from Torraspapel SAU.A separation is dated for January 1,2015.

State-run oil company Adnoc has purchased a controlling interest in the Bavarian polymer specialist Covestro. According to a release from ADNOC on Monday, the deal would now have surpassed the minimum acceptance threshold of 50% plus one share in a voluntary public tender offer.

Nouryon launches Expancel® BIO microspheres product concept, at the 2024 Foam Expo Europe in Stuttgart, Germany. The product concept for expandable microspheres represents an enormous leap forward for Nouryon's portfolio of innovations as it delivers a partially bio-based, performance-maximizing lightweight filler and blowing agent to meet the requirements of an evolving market.

The BCF Coatings Care program was established to monitor and drive improvement in the health and welfare of employees, the safe operation of processes, and sustainable practices across the coatings sector. Running since 1996, it is a voluntary program which benchmarks BCF members’ environmental performance against 45 KPIs

With the development of 5G extremely high-frequency communication, stringent performance challenges for interlayer insulation materials for flexible printed circuit boards (FPCBs) are on the rise. Traditional polyimide films can not fully comply with high-frequency communication materials because of their high loss and dielectric constant.

If the circular economy is to replace the scale and cost advantages of the existing linear economy, it must adopt a pricing mechanism for environmental and social costs. The pricing of carbon emissions and the ESG assessment mechanism of enterprises

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.