Chemical industry

Jan 2nd, 2018

Reforms and Further Development of the Uzbekistan Chemical Industry

On December 28 Uzbekistan government discussed the present-day situation in the chemical industry and prospects of the development of the sector at the meeting chaired by the Uzbek President Shavkat Mirziyoyev. The industry has undergone a number of transformations since 2017 when the Development Strategy of Uzbekistan was proclaimed. In particular, after Shavkat Mirziyoyev in […]...

Dec 26th, 2017

China: in the Current Year Styrene Went Down in Value Thrice

The price of styrene monomer on the domestic market of China continues to decline. For the current year, Chinese styrene market has been experiencing the third recession. The price decline is caused by the launch of new production facilities and the availability of large stocks of material in the region. On 19 December the maximum […]...

Dec 19th, 2017

Aerospace and Car Industries Fuel Demand for Fluoroelastomers

Fluoroelastomers Market is expected to reach over 1.6 billion by 2022 from $1.2 billion in the current year. The fluoroelastomers, the synthetic rubbers with high thermal and chemical resistance, are widely applied in the manufacture of sealants. Such variations as O-rings, gaskets and seals are able to remain elastic under extremely arduous conditions thus making […]...

Dec 12th, 2017

India: New Government Policy Fosters Domestic Chemical Industry

Rajeev Kapoor, the secretary of the Department of Chemicals and Petrochemicals in the Ministry of Chemicals and Fertilizers of India, in his report emphasizes a significant role of the chemical sector in the Indian economy and says that it is a growth engine for the manufacturing industry of the region. According to the government, the […]...

Oct 16th, 2017

China Is Back As the Leading Consumer of Specialty Chemicals

In 2016 the specialty chemicals global market is estimated at $ 556 billion, the key performance drivers of which are the increasing purchasing power of the Chinese spending group and strong demand for personal electronics across the globe. According to the latest IHS Markit research, global specialty market is underway towards growth. The agency views […]...

Jun 28th, 2017

ChemChina and EuroChem Will Jointly Produce Propylene Oxides and Isocyanates at Russian Facility

EuroChem Group AG, a leading producer of mineral fertilisers in the globe has signed a memorandum with ChemChina, the major chemical company in China. The memorandum declares the idea of partnership and the creation of joint production of industrial products in Russia. The initiative got the name PROJECT. The parties agreed to form a technical […]...

Jun 20th, 2017

Gulf Countries Face the Rise in Price for Polyethylenterephtalate

The price for polyethylenterephtalate in the Gulf countries increased at the end of May. The reason for price growth was the decline in the polyethylenterephtalate supply from local traders. This region has always offered the limited supply of polyethylenterephtalate, and therefore, the price for this material has remained high. At the end of the spring […]...

Jun 12th, 2017

U.S. And Chinese Companies Will Jointly Promote the Projects on Methanol-Based Production of Olefins

Wison Engineering Ltd., Shanghai, China, a subsidiary of the Wison Engineering, starts a joint project for the production of olefins on the basis of methanol. The company signed a contract with Honeywell UOP, U. S. The companies-partners give the overseas customers the opportunity to purchase logistics, project services and technologies for the production of methanol-based […]...

Jun 6th, 2017

Current Year Forecast: Paraxylene Export Value in South Korea

The recent market research of Korea Petrochemical Industry Association (KPIA) on paraxylene (p-xylene) market includes the forecast for South Korean export activity in this industrial sector. Paraxylene is a basic element for the production of benzene dicarboxylic acid, a semi-product for polyethyleneterephthalate. The experts predict that in 2017 South Korea will increase the export of […]...

May 30th, 2017

Mergers and Acquisitions Can Reverse the Situation in Indian Chemical Market

Indian chemical industry accounts for 2% of the country’s GDP. Moreover, national chemical companies are in the top ten of global producers which tells that India is a strong and competitive player in the chemical arena. A chemical sector is closely connected to such powerful economic sectors as processing industry and services, agriculture and commodities. […]...

May 23rd, 2017

Indian Producers Rely on Akzonobel Support in the Monochloroacetic Acid Production

An Indian chemical company Atul intends to intensify the production performance via the cooperation with global chemical leaders. In 2016 the company agreed to a joint venture with AkzoNobel for the production of chemicals and the construction of the plant in Gujarat, India. Both partners have an even equity stake for the manufacture of monochloroacetic […]...

May 16th, 2017

Chinese Chemists Can Convert Carbon Dioxide and Hydrogen into Fuels

The journal Nature Communications told about the breakthrough of Chinese scientists in fuel generating who have learned to turn carbon dioxide (CO2) and hydrogen into the hydrocarbon mixture by means of the catalyst with ferrum-based nanoparticles. Gas, oil and coal, the drivers of rapid economic and social development of the world’s civilisation within the last […]...

Apr 11th, 2017

The Leading Chemical Producer Chemchina and the Swiss Group Syngenta are Going to Merge in June

Chinese chemical Corporation ChemChina plans to spend 43 billion dollars to buy the Swiss group Syngenta AG. To do this, in January 2017 ChemChina applied to the U.S. regulator for the approval of the transaction. The American antitrust regulator has recently approved the transaction, and the merger of businesses is expected to be closed in […]...

Mar 11th, 2017

People’s Republic of China: New Production Sites and Innovative Chemical Solutions

In March Zhejiang Wankai New Materials, a member of Zhejiang Zhink Group, China, has launched a new production line in its plant in Zhejiang. From this point on the annual output of the plant will be 550 tonnes of polyethene terephthalate (PETF). The owners intend to reach the planned capacity within as short period of […]...

Feb 14th, 2017

The Chemical Industry of Kazakhstan Will Acquire the Newest Ventures by the End of 2018

Kazakhstan plans to increase the production of chlorine-containing products and many other chemical products by launching a new complex on the territory of special economic zone “Chemical Park Taraz”. The new production facilities are scheduled to start in late 2018. The experts estimate the total cost of the project at about 188 million dollars. The […]...

Jan 27th, 2017

Turkish Chemical Manufacturers Switch Over To Calcium Nitrate

In response to the recent ban on ammonium nitrate and kalkammonsaltpeter (CAN), Turkey launches the production of calcium nitrate. The Ministry of Agriculture of Turkey instituted the ban on the trade and inland transportation of ammonium nitrate, potassium nitrate (NOP) and CAN after the terrorist attack in Istanbul on 7 June 2016, as these substances […]...

Dec 27th, 2016

Favorable outlook for BASF’s presence in Asia

Being a giant in chemical industry worldwide, BASF is also one of the largest player on the Asian market. Its sales in the region are estimated to over $13 billion a year. The company is even leading in an especially innovative in chemicals Japan: not only BASF has two plants in the country, but it […]...

Nov 14th, 2016

Chinese chemical manufacturers enter global market

The shrinkage of the domestic market in parallel with the growing number of Chinese chemical firms has prompted the expansion of national chemical business to foreign markets. The largest plastic and rubber trade fair in Dusseldorf, Germany held in October 2016 was overloaded with Asian representatives. There were nearly 3,300 participants showcasing their services and […]...

Nov 7th, 2016

ChemChina and Sinochem are negotiating on the new giant chemical company

Sinochem and ChemChina are two Chinese state-owned chemical companies that want to build a new giant factory for the production of chemicals, fertilisers and petroleum products. This means that two businesses are planning to merge to create a company giant with revenues of about $100 billion a year. The central government of China is the […]...

Oct 28th, 2016

Key vendors at global mining chemicals market will remain profit-making and competitive in the long run

Technavio’s report on global mining chemical market conveys the key global mining chemical players of the recent years that in prospect will keep their leading positions and impact the growth of the world chemical market. The global mining chemical market has much gained from the The share of the APAC vendors is 54% of the […]...