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Apr 18th, 2017

China Crop Protection Industry Association about Bright Prospects for National Pesticide Sector

The head of China Crop Protection Industry Association (CCPIA) expresses the optimistic forecasts regarding the market of pesticides this year. Due to low prices for crude oil and other raw materials, in 2016 the export prices for pesticides fell, and thus the volume of exports reduced. 2016 financial reports of the major players in this...

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...

Mar 27th, 2017

Malaysia Starts Exporting Liquefied Natural Gas Produced At Floating Flng Plant

According to the monitoring of shipping and other sources, Malaysia will become the first world exporter of liquefied natural gas produced on a floating facility. The developers have spent several billion dollars on this project, and a national company Petronas got the start of Royal Dutch Shell in the race for the right to export...

Feb 27th, 2017

Independent Oil Refiners in China Have Increased the Imports of Heavy Oil from North America

Since the end of 2016 Chinese independent oil refiners have increased oil purchases from North America. Big oil traders are completely certain that the import of raw materials from these regions will only increase. Some industry traders believe that this is due to the decline of heavy oil by OPEC countries to China, as well...

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...

Jan 27th, 2017

Sadaf Petrochemical Assalouyeh is Entering Asian Market with Eco-Friendly Emulsive Styrene Butadiene Rubber

Sadaf Petrochemical Assalouyeh intends to export out the surplus of emulsive styrene butadiene rubber (ESBR). The greater part of ESBR will be supplied to local manufacturers while the rest part will be delivered to Asia due to the growing demand for this product among foreign producers. Sadaf Petrochemical considers India, China and Turkey the most...

Jan 13th, 2017

India produces baking powder from carbon dioxide

Indian manufacturers have learned to produce baking powder from carbon dioxide using a coal-powered boiler. A plant of Tuticorin Alkali Chemicals, a company that manufactures fertilisers, gets carbon dioxide from the boiler and uses it for making soda ash. This technology is the first in the world that involves the extraction of...

Jan 5th, 2017

Glyphosate market in China is improving due to the rise in prices of raw materials

China is strengthening the price of glyphosate as a result of price increase for glycine and paraformaldehyde, as well as growing demand from the processing industry. Since August 2016 technical glyphosate prices have been rising. In October the price slightly declined, but in November, there was an advance in price by 22.5 %. Such dynamics...

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...

Dec 5th, 2016

4 year forecast for the production of caprolactam in the world market

The Asian region is the most active consumer of a cyclic amide (caprolactam). From 2015 to 2020 the average annual growth of caprolactam consumption is projected to reach 2.4 percent. The largest application of caprolactam is observed in the manufacture of engineering plastics and films as well as fibres. Before 2016 Asia had been the main...

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...

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...

Oct 21st, 2016

Manali petrochemicals increases the production of polyols

The production of polyols at the plants of Manali Petrochemicals, India will continue to grow. At the moment the company produces 50 thousand tonnes of polyols per year. In 2019 -2020, the company plans to increase investment to $ 160 million. This will allow increasing the production of polyols from 50 thousand tonnes to 150...

Oct 14th, 2016

Shale gas perspectives in Armenia

Armenia is finishing the construction of the factory that will process the oil shale in 2016. Over the following two years, Armenia will have to start implementing the oil shale industry development project. Dr Sam M. Said is a director of the multinational incubator of energy technologies, based in the U.S., Japan and other...

Sep 30th, 2016

CJ Cheiljedang is on the tide of mergers and acquisitions to enhance biotech capacity

A South Korean food company CJ CheilJedang is enhancing its productive capacity with new industrial biotechnology. For this purpose, the company has bought biopolymer intellectual property of U.S. Metabolix Inc. along with its lab equipment. The deal cost $10 million. The companies signed a letter of intent that will fully come into effect in September...

Sep 23rd, 2016

Petrochemical industry of Iran invites big investments from abroad

The largest sources of foreign exchange earnings in Iran are oil and the petrochemical industries. Prolific stocks of raw materials offer Iran great prospects to become the major petrochemical manufacturer and supplier in the Persian Gulf. In 2015 exports of the petrochemical industry in Iran amounted to nearly $ 13 billion. According to the Minister...

Jun 20th, 2016

BASF opens a new designer platform in Shanghai

BASF is committed to strengthening economic links with Asia-Pacific region. The company has announced opening of a new platform in Shanghai. Created for designer activities the platform has been established at the Innovation Campus Asia Pacific, the largest research and development centre of BASF in China. The mission of designfabrik is to...

May 31st, 2016

South Korea and Iran are experiencing significant economic cooperation

Iran’s chemical industry has received $70 million investment from Teekay Chemical Corporation. A Korean company manufacturing spandex fiber is going to increase its exports to Iran. Since 2001, it has been successfully operating in Iran annually exporting up to 150 tons of spandex. In 2016, the spandex fiber export level reached 2,800 tons....

May 13th, 2016

Rubber manufacturing is boosting anti-tacking agents market

In the last years, a high demand for anti-tacking agents has greatly increased anti-tacking agents market share mostly due to the rapid development of global rubber industry. The market size is forecasted to grow considerably in the next ten year period. Developing economies of Asia Pacific, particularly Chinese, Indian, and Singapore consume anti-tacking agents in...