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Markets

24.11.2022 BASF  CEO Brudermüller on cost-cutting plans: any talk of massive cutbacks is “absolute nonsense” / But there will also be “some adjustments” in production

24.11.2022 FLEXIBLE PACKAGING  Latest industry developments: Ceflex and Alliance to End Plastic Waste collaborate on huge recycling facility / Flexibles market to grow 4.9% by 2030 / Siegwerk, Henkel develop new oxygen barrier coating

24.11.2022 CLEAN PLANET ENERGY  UK recycler to build 10 plastic waste-to-feedstock plants

23.11.2022 CONSTANTIA FLEXIBLES  “For polyolefins, it is not a matter of availability but price” / PIE talks to corporate strategy expert Daniel Winkler

23.11.2022 KAZAKHSTAN  KazMunayGaz starts up 500,000 t/y PP complex / Construction of cracker, butadiene plant / PE production planned

23.11.2022 CHEVRON PHILLIPS  JV with Qatar Energy finalises plans for Texas complex / Ethane cracker and two PE plants due to start up in 2026

23.11.2022 BENVIC  Luxembourg's ICIG buys PVC compounder

22.11.2022 PLASTICS AND CLIMATE  Plastics under attack at COP27 / UN agencies blame materials for waste, climate change / Official says, 'The future is not plastic'

22.11.2022 PACKAGING  Trade associations criticise EU packaging waste proposal / Targets said to lack scientific support / Call for guidelines based on ecological impacts

22.11.2022 GERMAN ECONOMY  SMEs must reorient themselves due to energy crisis / Four out of five companies in the chemical industry under massive pressure / DZ Bank survey

22.11.2022 EVONIK  New European distributors for PA 12 powders, rubber additives

22.11.2022 GCR  Spanish facility for finding applications with low eco impact / Investment of EUR 100 mn

21.11.2022 RUSSIA  Drop in Chinese imports worries Russian firms / Russia-Turkey trade perks up / Crises in related industries hinders domestic production

21.11.2022 LOGISTICS  Germany's DB Cargo to increases freight rates up to 45% / Criticism from trade associations

21.11.2022 ITALY  Forza Italia agrees to cancel plastic tax / Converters' association says levy could put excessive burden on the industry

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