Ineos

Better results likely in 2024 / Demand to remain soft / Firms send mixed messages

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

Resin producer reportedly plans to close Scottish chemicals plant / 100 jobs at risk

Shutdown at Belgian PTA line to become permanent

"It's about more than just PET," says Daniel Stricker

European suppliers in fight of their lives / Firms slash production as demand dries up / Plant closure, shift abroad

Sales fall by one-third, led by soft demand in Olefins & Polyolefins Europe

North America September 2023: Mixed picture for standards / Forces majeures remain for PE, PP / Car industry strike hurts ordering / Price cuts likely in October

Million-dollar deal: Takeover of acetyl production lines from Eastman in Texas

Money issues hit Project One cracker construction / ‘No ultimatum given' / Decision by Belgian environment minister outstanding

Bahri becomes sales director / Second rep appointed for Germany

BASF TotalEnergies JV: Fire paralyses cracker in Port Arthur, Texas / No serious consequences for polymer lines reported

Joint plastics waste recycling platform with Technip / Pairing of Hoop process with purification knowhow

Sinopec JV takes shape / Chinese facility slated for spring 2024 start-up

Court halts construction of Project One cracker / Move blamed on lack of environmental assessments / The beginning of the end?

Energy prices, low demand increase cost pressure on phenol / Staff cuts hit Belgian plant / Production could be relocated to Germany

Partners to mechanically recycle PS food packaging / Greenfield plant to be built in Germany

German LNG plans show no signs of slowing / Some say pace too fast / US main supplier / Rügen terminal still in doubt

French group exits Lavera JV / UK giant grabs share in Naphthachimie's cracker, polymer plants

Hamburg sends port workers into short-time work / Ineos Energy Trading enters LNG market / EUR 500 mn expansion planned for Rotterdam World Gateway / Air freight market stabilises

Portfolio expanded to include bio-based PVC compounds

Brand Finance rates corporate brand performance / BASF wins again / Resin makers dominate top 25 / Consultants increasingly reward sustainability

North America May 2023: Low prices in all segments except PS / Surplus with most types / Recovery in construction and automotive without an effect on prices / Weak start to the summer season

Resin maker hires ship for gas deliveries / Move follows previous deal for similar transport

Next step begins for building Antwerp cracker / "Project One" advances