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Polymer Materials

01.10.2024 TRINSEO  Management functions consolidated / PC production to cease by end of January

01.10.2024 COVESTRO  Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann

01.10.2024 BASF  Petrochemicals and Materials division focus on China and Verbund strategy / “Three-step approach not enough” – criticism from trade union and works council

01.10.2024 LYONDELLBASELL  Start of construction for industrial-scale chemical recycling plant in Germany

30.09.2024 BASF  Reorganisation at chemicals giant / One third of group no longer considered core business / Plastics remain central

27.09.2024 BUTADIENE  NEW at PIE: Spot and contract price reports for the precursor / Supply situation in Europe remains tight; prices likely to remain high / Numerous expansions planned in Asia

26.09.2024 CORRECTION - VINNOLIT  Force majeure on PVC from Germany lifted

26.09.2024 PETROINEOS  Grangemouth refinery to shut in Q2 2025 / Massive losses / Other petchem operations on-site unaffected

26.09.2024 USA  Revised recycling law draft in Congress seeks 30% recyclate in plastic packaging / Bucshon, Davis look to stimulate private sector investment

26.09.2024 IREN  New sorting plant installed in Italy

25.09.2024 BIESTERFELD  German distributor opens sales office in Latvia

25.09.2024 DOW  Expansion of bio-circular and PCR resins portfolio

24.09.2024 EXXONMOBIL  Oil giant being sued by California for alleged deception of plastics recycling claims / Remedies sought include part of group's profits

24.09.2024 EVONIK  New innovation strategy aims to boost sales by EUR 1.5 bn / Sustainability focus

24.09.2024 SUMITOMO CHEMICAL  PMMA capacity to be reduced significantly / Sale of subsidiary Bakelite

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