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Markets

09.12.2022 LOGISTICS  Deutsche Bahn considers sale of cargo subsidiary / World trade takes a winter nap / Container freight rates experience sharp crash

09.12.2022 PLASTICS WASTE  MEPs adopt report on new waste shipment regulation / European trade group calls for further amendments

09.12.2022 GERMAN ECONOMY  Supply bottlenecks cost industry almost EUR 64 bn in added value, up to mid-2022 / Automotive industry particularly hard hit

09.12.2022 INEOS STYROLUTION  ABS ECO grades validated for China‘s Midea home appliances / Closed-loop economic model for styrenics

09.12.2022 COVERIS  Launch of new recycling division / Acquisition of UK PE recycler

08.12.2022 PKN ORLEN  Investments finalised with Saudi Aramco / Plans for world-scale cracker in Poland / Aramco to supply 45% of the Polish group's crude oil requirements

08.12.2022 PLASTICS INDUSTRY USA  Congress introduces Protecting Communities from Plastics Act / Opposition and counter proposal from trade associations

08.12.2022 RECYCLING UK  Leading plastics reclaim firm slams waste plastics ban proposals / “Be careful what you wish for”, says Re-Gen boss

08.12.2022 CIRCULAR ECONOMY  New EU requirements for recycled plastics with food contact

07.12.2022 PETROCHEMICAL MARKETS  PC, MDI: Covestro declares force majeure following outage in Uerdingen, Germany

07.12.2022 LUKOIL  Italy puts refinery in Sicily under trusteeship / Sufficient supply of non-Russian crude to keep the refinery going for “several months”

07.12.2022 SABIC  Agreement for chemical recycling with Synova, Technip / Olefins and aromatics from plastics waste

07.12.2022 PACKAGING  Proposed EU quotas on reusable plastics are incomprehensible, says Germany's IK / Reusable quotas for beverages not ambitious enough, says NGO

07.12.2022 AZELIS  Acquisition of New Zealand's Chemiplas Agencies / Growth in Asia-Pacific, Australasia

06.12.2022 RUSSIA  EU sanctions on Moscow's crude oil exports, price cap come into force / Domestic PP demand at record lows / Southeast Asian imports flood the market

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