Chemicals & Converting

Southeast Asia non-dutiable PP falls as supply lengthens

July 20, 2018

SINGAPORE (ICIS)–Spot prices of non-dutiable polypropylene (PP) cargoes in southeast Asia have been falling since mid-June as regional supply was boosted by capacity start-ups in Vietnam and Malaysia. Downward price pressures may continue for non-dutiable cargoes in the near term, while sellers of dutiable material from the..

India’s plastics ban faces implementation hurdles

July 19, 2018

MUMBAI (ICIS)–A complete ban on single-use plastics is now in force in 19 states across India, but faces faulty and weak implementation, partly due to a lack of cheap alternatives available to consumers. Uttar Pradesh was the latest to implement the ban on 15 July,..

A carbon fiber cluster grows in South Carolina

July 17, 2018

Teijin breaks ground on a $600 million plant in Greenwood as global demand grows for the strong, lightweight material.At the June 1 groundbreaking for Teijin’s $600 million carbon fiber plant in Greenwood, S.C., the local high school orchestra serenaded guests. Flags from the U.S. and..

These new textile dyeing methods could make fashion more sustainable

July 17, 2018

Shoppers looking for their next great outfit make their selections on the basis of color, cut, style, and price. They may not know that dyeing clothes requires massive amounts of water, energy, and chemicals. Those chemicals are released in wastewater from dye houses and textile mills..

Lanxess water treatment unit attracts interest – sources

July 13, 2018

Lanxess’s water treatment business has attracted the interest of potential buyers since the German chemicals group put the unit on the block to streamline its portfolio, people close to the matter said. Buyout groups AGIC Capital and AEA Investors as well as a Chinese peer..

Evonik launches sales process for both MMA and PMMA business

July 12, 2018

Evonik Industries has confirmed to CW that it has launched the sales process for its methyl methacrylates (MMA) and polymethyl methacrylate (PMMA) business. The business operates 18 production sites. Barclays is advising on the divestment. Evonik hopes that by the end of the year it..

Latest $200bn US tariff proposal includes many Chinese chems

July 12, 2018

Several chemicals are included in the $200bn worth of tariffs that the US may impose on Chinese imports in the latest escalation of the trade war between the two countries. The US will hold hearings on 20-23 August before imposing a 10% duty on the..

FTC files suit to block Tronox’s acquisition of Cristal

July 11, 2018

Tronox says the Federal Trade Commission (FTC) has filed suit against the company in the US District Court in the District of Columbia to block Tronox’s proposed acquisition of its competitor, the National Titanium Dioxide Co. , for $1.67 billion and a 24% stake in..

Odebrecht, LyondellBasell to seal Braskem deal by mid-October: paper

July 11, 2018

Odebrecht SA is set to agree on the sale of its controlling stake in petrochemical firm Braskem SA to LyondellBasell Industries NV by mid-October, newspaper Valor Econômico reported on Tuesday. By then, state-controlled oil company Petróleo Brasileiro SA will decide whether to include its own..

RPM COO retires in organizational reshuffle

July 10, 2018

RPM has announced an organizational reshuffle in which its group presidents will report directly to chairman and CEO Frank Sullivan, leading to the early retirement of COO Ronald Rice. Rice has been a part of RPM’s leadership team for over two decades, according to Sullivan…