Press Releases

Specialty chemicals company LANXESS is raising its prices for 1,6-hexanediol (HDO) worldwide by EUR 500 per metric ton with immediate effect. HDO is an important precursor for high performance coatings, fibers, adhesives, polyurethanes, polycarbonate diols, and reactive diluents for epoxy resins. LANXESS is a leading specialty chemicals company with sales of EUR 8.1 billion in 2022. The company currently has about 13,100 employees in 32 countries. The core business of LANX

Westlake Chemical Partners LP today provided an update on the expected availability of the Partnership’s 2023 Investor Tax Packages including Schedule K-1 for its common unitholders. Historically, the Partnership’s Investor Tax Packages have been available by the end of February for the preceding tax year; however, the timing of the availability of Partnership’s 2023 Investor Tax Packages is dependent upon actions of the U.S. Congress and the Biden administration w

2023 showed a heavy destabilisation of the European plastics sector[1]. Increasing imports of recycled plastics into the EU are creating an unbalanced market with serious environmental consequences. This, combined with the EU's declining competitiveness and the lack of a level playing field, is accelerating the EU's de-industrialisation. In this context, the Packaging and Packaging Waste Regulation (PPWR) is meant to enhance circularity by harmonising practices across EU Mem

Braskem, the largest polyolefins producer in the Americas as well as a market leader and pioneer producer of biopolymers on an industrial scale, recently hosted its 25th blood drive on Thursday, February 22nd at its production facility in Neal, West Virginia in partnership with the American Red Cross. This milestone reflects Braskem's commitment to making a positive impact and prioritizing the health and well-being of neighboring communities. Since 2014, Braskem and its Big Sand

Specialty chemicals company LANXESS is raising its prices for adipic acid globally with immediate effect. The increase amounts for EUR 250 per metric ton. The adjustment is due to the significant rise in raw material costs over the past months. LANXESS is a leading specialty chemicals company with sales of EUR 8.1 billion in 2022. The company currently has about 13,100 employees in 32 countries. The core business of LANXESS is the development, manufacturing and marketing of chemical

Evonik is announcing a net price increase of up to 10% on MetAMINO® (DL-methionine 99%, feed grade) with immediate effect. All existing contracts and supply agreements will be honored. COMPANY INFORMATION Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €18.5 billion and an operating profit (adjusted EBITDA) of €2.49 billion in 2022. Evon

Increased availability and reliability for Asian market with new facility in Sayakha. Sweden-based specialty chemicals innovator Perstorp has built and commissioned a state-of-the-art, ISCC Plus certified, plant in western India to meet growing market demand for Penta chemicals. Located in Sayakha, Bharuch, in the state of Gujarat, the facility is officially inaugurated on Feb. 20. “This is the largest investment in Asia so far, in Perstorp’s history. It will f

This is the ONLY way to prevent plastic which has escaped into the environment from accumulating there for decades.  Alternatives like compostable plastic do not address the problem because they have to be collected and taken to a man-made composting facility, where they convert into CO2. With so many people now looking to live a more sustainable life, consumers are taking steps to help protect the environment. However, with new initiatives being introduced at a rapid rate, it

The electricity used for street lighting is one of the greatest cost factors for municipalities, often making up between 30 and 50 percent of their total electricity costs. As a result, many towns and cities have begun replacing outdated public lighting with efficient LED lights featuring smart light control. This modernization saves energy and therefore money, while also playing a key role in environmental and climate protection. “LEDs are the simplest way to lower the electr

Ascend Performance Materials, the largest fully integrated producer of nylon 6,6, announced global price increases on its polyamide polymers, compounds and monomers, where contracts allow, as follows: Material Price Increase   Neat PA66 polymer $0.30/kg €0.28/kg

The Plastics Industry Association (PLASTICS) will foster the continued growth of the bioplastics industry at its upcoming trade show, NPE: The Plastics Show. With more than 45 bioplastics related exhibitors on the show floor, NPE2024 is expected to be the largest gathering of bioplastics companies in the Americas. NPE2024 will take place from May 6-10, 2024, at the Orange County Convention Center in Orlando, Fla. Companies such as NatureWorks, LG Chem, Evonik, LyondellBasell and mor

Get ready for a piping hot market! Indonesia's plastic pipes market is experiencing a surge, fueled by booming infrastructure development, rapid urbanization, and a shift towards sustainable alternatives. Ken Research's "Indonesia Plastic Pipes Market Outlook" report predicts a healthy 7.3% CAGR, leading to a substantial $5.8 billion market size by 2027. This press release unveils the key drivers, challenges, and exciting prospects shaping this dynamic landscape.