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A Review of PO Market in 2020
2021-01-14
2020 will be remembered as an unusual year for the chemical industry.Today, PUdaily will review the performance of PO market in 2020...
Shell to Acquire Stake in Enerkem’s Renewable Chemicals and Biofuels Plant
2021-01-12
Oil and gas company Shell has agreed to acquire a 40% stake in Enerkem’s proposed chemicals and biofuels plant in Varennes, Québec, Canada.
2020 China PMDI Market Price Review
2021-01-11
In 2020, the market offer of China's polymeric MDI fluctuated, showing a trend of on-rise after going down, and moving back before the end of the year. The spot market offer was around RMB 10,100-23,800/ton. The average market offer of the whole year was at RMB...
An Analysis of Thailand's polyether polyols imports and exports for the January-November period
2021-01-07
Thailand imported 68,600 tons of polyether polyols for the period from January to November, up 3.5% year-on-year. They are valued at 5.17 billion baht, a year-on-year increase of 4.4%. It exported 210,400 tons of polyether polyols for the same period, down 0.6% year-on-year...
Momentive Acquires Silicones Business from KCC
2021-01-07
Momentive Performance Materials Inc. (Waterford, N.Y.) has reached a definitive agreement to acquire KCC Corp.’s Silicones business in Korea and the U.K., as well as its sales operations in China, further enhancing Momentive’s global capabilities in advanced silicones and specialized applications.
Wanhua Chemical: Annual Performance Forecast for 2020
2021-01-07
It was expected that the annual net profit attributable to the shareholders of the listed company in 2020 would be RMB 9.6 billion to RMB 10.1 billion, which would decreased by RMB 530 million to basically flat compared with the same period of last year, with a year-on-year decrease of 5% to basically flat.
Air Products and Shandong Binhua New Material Sign Long-term Gas Supply Contract in China
2021-01-06
Air Products (NYSE:APD) today announced it has signed a long-term gas supply contract with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group which is a leading petroleum and chemical enterprise in China, to support Binhua’s flagship chemical project located in the Beihai Economic Development Zone of Binzhou City, Shandong Province, China.
PPG raises offer for Tikkurilia in response to competing bid
2021-01-06
PPG Industries says it has raised its offer for Tikkurila to €1.24 billion ($1.52 billion), or €27.75/share, in response to Tikkurila’s receipt of an undisclosed rival bid...
INEOS Completes Acquisition of BP's Global Aromatics & Acetyls Business
2021-01-05
INEOS, one of the world’s largest manufacturing companies, has completed the purchase of the global Aromatics and Acetyls businesses from BP for a consideration of $5 billion.
New Year Holiday Notice
2020-12-31
According to the national regulation and our company’s schedule, we would like to inform you that we will be on holiday from January 1st, 2021 to January 3rd, 2021. Our office will be closed during these days.
Brief Analysis of China's TDI Import and Export in November 2020
2020-12-30
Import Volume of TDI：In November 2020, China's TDI import volume for the month was 1,784.79 tons, down by 34.55% month-on-month and 67.4% year-on-year...
Description of Global Production Capacity of Adipic Acid in 2020
2020-12-28
At present, there are many adipic acid manufacturers in the world, 21 of which have a certain production scale. By the end of December 2020, the total global production capacity of adipic acid is about 4.908 million tons, of which the total production capacity of Asia is about 3.04 million tons/year, accounting for 62% of the total global production capacity. Asia has gradually become the main supplier of adipic acid in the world...
Brief Analysis of China's MDI import and export in November 2020
2020-12-28
Import Volume of Polymeric MDI:In November 2020, China's polymeric MDI import volume was 26,496.69 tons, down by 5.9% month on month and 27.8% year on year.From January to November 2020, China's polymeric MDI imports volume amounted to...
As this Year is Coming to an End, will PO Price Continue to Rise?
2020-12-24
Recently, the 2020 Forum on High-Quality Development of China PO-PPG-PU Value Chain was held in Zibo City, Shandong Province. I had the honor of attending the forum. The attendees discussed the impact of government environmental policies on the development of PO-PPG-PU value chain, the development trend of the PO industry, application of the latest production technologies and improvement of the technologies....
BASF Reaches Milestone of MDI Capacity Expansion Project at Geismar Site
2020-12-17
The first phase of a new methylene diphenyl diisocyanate (MDI) synthesis unit at BASF’s Geismar, Louisiana site is complete and in operation...
2020 China Monthly TDI Market Review
2020-12-10
In January, China TDI market went up slightly. In the first 10 days, China TDI producers actively raised the offer, where the trading market was supported by the rising cost, thus following up the market trend...
Why can the Chemical Market Continue to Rise After the Peak Season of September and October?
2020-12-07
2020 is coming to an end. When talking about the chemical market in November, "rise" is the word coming into many people’s minds.In November, which is no longer the peak season, why can the chemical market continue to rise? Today, PUdaily will give you an explanation...
LANXESS Increases Prices for Adipic Acid
2020-12-02
Specialty chemicals company LANXESS is raising its prices for adipic acid globally with immediate effect. The increase amounts to EUR 90 per metric ton. The reason for the adjustment is the significant rise in raw material costs over the past months...
How will RCEP Impact Domestic PU Industry?
2020-11-25
In recent years, the production and consumption of PU raw materials and products in China have been increasing. In the context of domestic industrial structure being optimized, PU industry as part of the chemical industry is increasingly eye-catching. Currently, China is the largest producer of polyurethane in the world...
Tariffs, Delays, Construction Inflate LyondellBasell PO/TBA Costs by 30%
2020-11-25
Because of tariffs, delays and construction, LyondellBasell expects that costs will rise by at least 30% for its new propylene oxide/tertiary butyl alcohol (PO/TBA) project, executives said on Friday.The $2.4bn PO/TBA project began in August 2018, and it is made up of two parts...

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