Press Releases

ExxonMobil said it has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement. ExxonMobil Low Carbon Solutions is advancing plans for more than 20 new carbon capture and storage opportunities around the world to enable large-s

The "Global Polyolefins Market By Type (Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Ethylene-Vinyl Acetate (EVA), Others), By Application (Injection Molding, Film & Sheet, Fiber, Blow Molding, Others), By Region, Competition Forecast & Opportunities, 2015 - 2026" report has been added to ResearchAndMarkets.com's offering. The Global Polyolefins demand has witnessed robust growth in the past five years and the market is anticipated to grow a

2020 was an unprecedented year for the world. The plastics and rubber industries have undergone rapid changes, and the downstream users are more urgently in need of innovative and practical solutions than ever before. How to grasp the infinite market opportunities in 2021? CHINAPLAS, Asia’s No. 1 plastics and rubber trade fair, to be held during April 13-16 in Shenzhen, PR China, together with a series of exciting concurrent events, to explore hot topics like 5G, digital manufacturing,

Hengyi Industries Sdn. Bhd., has selected Univation Technologies’ UNIPOL™ PE Process for its world-scale 600,000 TPY polyethylene (PE) plant to be located in Palau Muara Besar, Brunei. The new PE plant will be integrated into a larger refinery and petrochemicals project centered on a 14-million metric tons/year (280,000 b/d) crude oil refinery that will include 11.2 million metric tons/year (MMt/y) of downstream capacity producing ethylene, benzene, para-xylene, ethylene glycol (E

Gov. John Bel Edwards and Shintech Louisiana LLC announced the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes. Shintech is the world’s leading manufacturer of polyvinyl chloride resins, or PVC. The company will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at its manufacturing facility in Plaquemine, which was announced in

Eastman Chemical Company Board Chair and CEO Mark Costa and Tennessee Governor Bill Lee announced the company's plans to build one of the world's largest plastic-to-plastic molecular recycling facilities at its site in Kingsport, Tenn. Through methanolysis, this world-scale facility will convert polyester waste that often ends up in landfills and waterways into durable products, creating an optimized circular economy. Over the next two years, the company will invest approximately $250

According to a recent market study published by Growth Market Reports (GMR), titled, "Polyvinyl Chloride (PVC) Floor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 13,752.0 million in 2019 and is expected to grow at a healthy growth rate of 5.4% by the year 2027. In terms of volume, the market is estimated to grow at 4.8% during the forecast period. The global polyvinyl chloride (PVC) floor market is anticipated to grow owi

DIC Corporation has for some time been exploring the possibility of an alliance with India’s Jindal Poly Films Limited, one of the world’s largest manufacturers of biaxially oriented polypropylene (BOPP) film, with the aim of helping to foster a market for functional cast polypropylene (CPP) film in India. Today, DIC announced that the two companies have reached a consensus to collaborate in this area. India, like other countries, is experiencing a greater need for produ

B+ credit rate characterizes R&P POLYPLASTIC as a large business with stable financial state and sufficient safety margin necessary for effective pursuit of activities amid market turbulence. Andrey Menshov, Managing Partner of R&P POLYPLASTIC noted: “Professional judgement was of critical importance for us. We are actively working not only on import substitution and localization but also on developing export shipments into Europe. This is the reason why we chose to un

The global manufacturer of plastic packaging and recycling specialist, the ALPLA Group, is investing more than five million euros in an extrusion system for food-grade recycled PET (rPET) made of used PET bottles (so-called post-consumer material) at its site in Anagni. The ALPLA Group is investing in an extrusion system for recycled PET at its site in Anagni, Italy. Anagni in central Italy is home to one of the ALPLA Group’s most important preform production plants.

The "Polymer and Thermoplastic Micro Molding - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Polymer and Thermoplastic Micro Molding Market to Reach $1.1 Billion by 2027 Amid the COVID-19 crisis, the global market for Polymer and Thermoplastic Micro Molding estimated at US$488.4 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 12.9% ove

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world and the China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy companies in China, announced the signing of an agreement to form a 50:50 joint venture (JV) which will produce propylene oxide (PO) and styrene monomer (SM) in China's domestic market. First announced on December 23, 2019, the JV will operate under the name Ningbo ZRCC LyondellBasell New Material Comp