Covestro

Will advanced – or chemical – recycling be the silver bullet for hard-to-recycle plastics?

Adnoc increases takeover bid again / Middle Eastern petchem group continues push for acquisitions

The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties

Veil of gloom remains / Sales, output fall in 2023 / More declines expected in coming year

Who gives a hoot about climate? / UN conference without, then with fossil fuel phase-out

Borealis, Borouge reportedly on the verge of a merger

Low-carbon group cuts ties with World Economic Forum / CEOs line up to accelerate journey to net zero targets

State-owned company reportedly plans to acquire BASF subsidiary Wintershall Dea

Fire hits production site in Tarragona, Spain

Billion-euro purchase offer from Adnoc / Emirates group plans to extend downstream value chain

Depressed mood prevails / Closures and discontinuation of business areas / “No signs of a trend reversal” – VCI

Q3 core profit contracts by one-fifth / Sales dip 23% on lower volumes

Does Adnoc's potential takeover of Covestro mark the beginning of an M&A boom? / PIE interviews M&A expert, Carlos Robles y Zepf

2023 sales, operating income seen at low end of guidance / Petchem producer steps up cost cutting measures

2023 core profit seen at the low end of target / Difficult economic landscape depresses Q3 sales by 23%

German TPU film capacity expands / Developments include partly bio-based products

Polycarbonate: First Chinese recyclate compounding plant on stream / Asian capacity undergoes major expansion

US sheet maker buys local competitor Vycom / Move expands portfolio to polyolefins, PVC

No recovery in sight / Profit warnings to rise in Q4 – Baader-Bank

Swiss sales office to be closed / Scores of workers to be made redundant

US MDI splitter begins operation

Cast PU elastomer plant in China starts production / Applications for materials include offshore wind power

Pilot project with Remondis reclaims PU mattress foam / Testing commences in Germany

Producers still gloomy as downturn continues / Resin production falls sharply / VCI repeats calls for help from Berlin

Plastics producer now in open-ended negotiations with Adnoc / German trade union insists on job security