Chemical News
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China to Become Dow Chemical’s Largest Market by 2025 Mar 26,2010
PUWORLD(2010-03-23)——China is now the second largest market for Dow Chemical. According to Andrew N. Liveris, Chairman and CEO of this chemical giant, China will become the largest market for Dow Chemical by 2025. Mr Liveris pointed out that Dow Chemical had built more than 30 plants in China and will invest more into these plants...>>>
SABIC to lay off up to 80 workers at W.Va. plant Apr 02,2010
WASHINGTON, W.Va. (AP) - SABIC Innovative Plastics is laying off up to 80 employees at its plant in Wood County in a restructuring aimed at improving cost efficiency. SABIC spokeswoman Shelia Nabb says production of two resin products will be transferred from the Washington plant to the company's facility in Ottawa, Ill. ...>>>
Global Specialty Chemicals Market to Grow by $131.6bn by 2014 Apr 02,2010
The global speciality chemicals market is expected to grow from $324.9bn in 2009 to $456.52bn by 2014, according to a recent report by MarketsandMarkets. It will record an estimated CAGR of 7% from 2009 to 2014. According to the report the speciality chemicals market, which is fragmented, is moving towards consolidation...>>>
Experts: Consumption of Flexible Polyether Polyols in China to Increase by 15% This Year Apr 02,2010
PUWORLD(2010-03-26)——Price of common flexible polyether polyols soared to two-year high of Rmb 15000/ton on tight supply and the slow recovery of downstream sectors after economic crisis, according to a market source. In recent years, the flexible polyether polyols industry witnessed great changes, from the deficit status over the...>>>
Yantai Wanhua Introduces New Grades of TPU at Chinaplas 2010 Apr 02,2010
Yantai Wanhua Polyurethanes Co., Ltd will introduce its innovative Wanthane? TPU series products at CHINAPLAS 2010(No. W3 N41), Shanghai, China from 19th to 22nd April, 2010. These innovative products will show the excellent R&D strengths of Yantai Wanhua and meet the requirements of global markets. Wanthane®halogen-free flame ...>>>
BASF to establish a new System House in West China Apr 09,2010
As the leading global supplier of polyurethane (PU) system solutions worldwide, BASF will further expand its strong global service and production network. With the establishment of a new Polyurethane Solutions System House in West China (with a population of over 120 million), BASF will meet the demand of the growing markets in important indus...>>>
Fushun Petrochemical’s Million-ton Ethylene Project to Put on Stream This Year Apr 09,2010
PUWORLD(2010-04-08)——In the main body of Fushun Petrochemical’s million-ton ethylene facility，six core devices adopt patented technique from abroad while the rest 11 devices used domestic first-class mature technique. This facility and its affiliated systems would be finished and put into operation in June this year with the annua...>>>
BASF expands Shanghai Technical Competence Center Apr 09,2010
Shanghai, China - April 02, 2010–BASF has inaugurated a new section of its Technical Competence Center for intermediates at its Shanghai Pudong Site. The new laboratory will specialize in epoxy systems for fiber-reinforced composites, which are used, for example, in wind turbine blades. BASF sells these systems under its Baxxodur&r...>>>
Yantai Wanhua Net Profit down 31.15% in 2009 Apr 09,2010
PUWORLD(2010-4-7)——China’s leading MDI producer Yantai Wanhua announced today that net profit shrank by 31.15% to Rmb 1.066 billion in 2009. The company said its earnings per share decreased by 31.18% to Rmb 0.64. Its annual operating revenue dropped 15.72% to Rmb 6.493 billion, with major revenue from domestic market dropped by 1...>>>
Dow Introduces First Bio-Based Plasticizers for Wire and Cable Applications Apr 16,2010
Dow Wire & Cable, a business unit of The Dow Chemical Company ("Dow"), today signaled a groundbreaking advance in sustainable chemistry by launching DOW ECOLIBRIUM™Bio-Based Plasticizers, a new family of phthalate-free plasticizers for use in wire insulation and jacketing that are made from nearly 100% renewable feedstocks. The use of DO...>>>
DSM Nanjing to Shutdown 200kt/y Caprolactam Facility for Maintenance Apr 16,2010
PUWORLD(2010-4-15)——DSM is very likely to have its 200kt/y caprolactam facility located in Nanjing undertaken maintenance in July, a market source said recently. The facility finished expansion in middle of March and yielded qualified products in late March. The source also said that the turnaround period to last for about 3 weeks...>>>
Bayer Highlights Strong Year Apr 16,2010
According to the Bayer Group, 2009 was operationally one of its strongest years. "We were successful in a difficult environment, and we are optimistic for the future," says Werner Wenning, chairman of the board of management, at a recent financial conference at the company's headquarters in Leverkusen, Germany. Earnings before interest, taxes,...>>>
BASF to reposition its global pigment business Apr 16,2010
- By 2013, approximately 500 jobs will be cut worldwide - Overcapacities will be reduced, the product portfolio streamlined - The consolidation process will be implemented in close cooperation with staff members and customers BASF is repositioning its global pigments business. Following the Ciba acquisition...>>>
LANXESS expands capacities for high-tech plastics in China Apr 23,2010
Investment in additional production line at Wuxi sitePUWORLD(2010-4-22)——LANXESS will expand capacities at its state-of-the-art compounding plant for high-tech plastics in Wuxi, China. The specialty chemicals company will invest in a third production line at the plant, which will increase compounding capacities by nearly 50 percent and is sche...>>>
Sinopec Zhenhai launches major petrochem complex Apr 23,2010
Sinopec Corp Zhenhai refinery, China's biggest refinery, started formal operation of a long-planned major petrochemical complex on Tuesday, the in-house China Chemical Industry News said on Thursday. The 1-million-tonne-per-year (tpy) ethylene complex, in Zhenhai, Ningbo city, is the fourth major ethylene project to come online sin...>>>
DSM opens R&D Center in China Apr 23,2010
DSM has opened its first Research & Development (R&D) Center in China. The center is located in Shanghai. The DSM R&D Center China will be the company's main R&D base in the country and will form a vital part of DSM's global R&D network. In addition to carrying out product and applications development work, the center will support...>>>
BASF Introduces New Line of High Solids Graft Polyols Apr 23,2010
WYANDOTTE, MI - BASF announced that it is introducing a new line of high solids graft polyols called Pluracol 5200 series. The first market entry in this series is Pluracol 5250 polyol, which is a graft polyol for specialty slab applications. The 50 percent solids content of Pluracol 5250 allows for firmer foam and can be used in h...>>>
Newly-built 4-million-ton Methanol Capacity: Focus on the Asia Market Apr 30,2010
PUWORLD(2010-4-26)——Four new methanol facilities with capacity of nearly 3.96 mt/y will start commercial operation at the second half of this year. According to market sources, these newly-built capacities will mainly supply to the Asia, so as to ease the tense situation at Asia market. The four new methanol capacities are: Brunei...>>>
China’s GDP Rises 11.9 Percent in Q1, CPI Up 2.2 Percent Apr 30,2010
China’s economy grew at an accelerated rate of 11.9 percent year on year in the first quarter of 2010 to US$1.19 trillion, 5.7 percentage points higher than the corresponding period the previous year, according to the National Bureau of Statistics. The economy grew at the fastest rate in nearly three years and was above the expect...>>>
China MEG Capacity Probably to Approach 4 million t/y by the End of 2010 Apr 30,2010
PUWORLD(2010-4-26)——According to Asiachem Consulting, MEG production capacity in China was predicted to reach approximately 4000kt/y by the end of 2010, including adjusted 150kt/y coal-based MEG capacity built by Tongliao Jinmei. Sinopec Zhenhai Refining & Chemical’s 650kt/y ETO(Ethylene oxide)/MEG plant located in Ningbo, Zhejiang...>>>
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