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Markets Polymer Materials

EVONIK CEO Kullmann seeks cost savings of EUR 250 mn in 2023 / Jobs said to be safe	19.12.2022
PETROCHEMICAL MARKETS Polyolefins: Fire at Versalis' cracker in France / Downstream plants shut down	15.12.2022
POLYKEMI Start-up of second Chinese plant / US compounding delayed	15.12.2022
SUPPLY CHAINS German chemical, plastics companies turn to Europe / Links with China due for shift – DZ Bank survey	14.12.2022
EXXONMOBIL Startup of 450,000 t/y PP plant on US Gulf Coast / Additional supply meets weak market demand	13.12.2022
INEOS Fourth Chinese JV with Sinopec / 1.2 mn t/y cracker due onstream in late 2023 / Deal includes ABS, HDPE plants	13.12.2022
CIRCULARISE Successful test run of blockchain-enabled system for ISCC Plus certification / Material traceability key aspect / Asahi Kasei invests in start-up	12.12.2022
GERMAN ECONOMY Supply bottlenecks cost industry almost EUR 64 bn in added value, up to mid-2022 / Automotive industry particularly hard hit	09.12.2022
PKN ORLEN Investments finalised with Saudi Aramco / Plans for world-scale cracker in Poland / Aramco to supply 45% of the Polish group's crude oil requirements	08.12.2022
CIRCULAR ECONOMY New EU requirements for recycled plastics with food contact	08.12.2022
PETROCHEMICAL MARKETS PC, MDI: Covestro declares force majeure following outage in Uerdingen, Germany	07.12.2022
LUKOIL Italy puts refinery in Sicily under trusteeship / Sufficient supply of non-Russian crude to keep the refinery going for “several months”	07.12.2022
AZELIS Acquisition of New Zealand's Chemiplas Agencies / Growth in Asia-Pacific, Australasia	07.12.2022
RUSSIA EU sanctions on Moscow's crude oil exports, price cap come into force / Domestic PP demand at record lows / Southeast Asian imports flood the market	06.12.2022
HONEYWELL First chemical recycling facility in Egypt / Agreement signed with Environ Adapt	06.12.2022
PLASTICS AND ENERGY Germany, Qatar announce LNG deal / Gulf state to supply some 2 mn t/y from 2026 / ConocoPhillips tapped as shipper	05.12.2022
TORAY Significant expansion for carbon fibres in France / EUR 100 mn investment	05.12.2022
VENATOR Titanium dioxide sales slump 25% / Company cashes in iron oxide pigments and US plant	02.12.2022
EUROPEAN ECONOMY Eurozone inflation drops more than expected / Has the peak passed? / Volatile energy prices remain focus	01.12.2022
MITSUBISHI CHEMICAL End of MMA production in UK? / Plant profitability issues remain / Work at US facility postponed	30.11.2022
INEOS STYROLUTION Deal with South Korean SK picglobal for the supply of mass-balance styrene	30.11.2022
STYRENE Infringement of cartel ban: EU competition regulators impose million-euro fines	29.11.2022
TITANIUM DIOXIDE EU general court overturns ECHA's classification as a carcinogen / Industry groups welcome decision / Market weakness	29.11.2022
BRENNTAG Takeover talks with US competitor Univar Solutions	29.11.2022
MANUFACTURING Economic indicators in Europe show surprise gains / Recession still coming, analysts warn	28.11.2022

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