- The notice came from U.S. Commerce Department and U.S. International Trade Administration that the Department granted an extension on the date of final ruling in a certain anti-dumping investigation for the epoxy resins coming from China under LTFV until March 28, 2025
- Vadodara in Gujarat has yet another new plant constructed from the ground up for Flint Group. The world-class plant will manufacture water-based inks and coatings for paper and board markets and energy-curable inks for the narrow-web sector
- Saudi Arabia has imposed anti-dumping duties on sulfonated naphthalene formaldehyde originating from Russia and China. This will take effect on December 3, 2024, with rates between 18.12% and 34%, with a minimum tax of 435.5 Saudi riyals per ton. By imposing this action directly against low-priced exports, which practices done by China and Russia in the Saudi market and aims to protect the domestic market against unfair competition.
- Tosoh Corporation is going to boost HDI derivatives production capacity at Nanyo Plant in Shunan, Yamaguchi Prefecture, Japan. The company sells HDI derivatives under its Coronate brand.
- In its release outlining the definitive agreement with INEOS, KPS is not understated in that it states that, upon completion of the sale, it would own the composites business with an estimated figure of about 1.7 billion euros. The closure is thought to be possible during the first half of 2025.
- In November, the worldwide manufacturing PMI was 49.3%, up 0.5 percentage points from the previous month-a new high benchmark since second half of this year. By region
- In Japan, Mitsui Chemicals is aggressively probing into the business of new bonding materials for the 3D stacking application increasingly appreciated in advanced semiconductor packaging. The composition can be bonded temporarily at room temperature and can achieve permanent bonding at a lower temperature of 150 degrees.
- Sailboat entered the commercial operation with a carbonate plant in Jiangsu Province, Lianyungang in November 2024. It uses Asahi Kasei licensed technology to produce high-purity EC and DMC using carbon dioxide as the main raw material. Both carbonates are used as a solvent in electrolytes for lithium-ion batteries for electric vehicles.
- A decline in inventories of American crude oil was countered by an unexpected climb in refined oil inventories. Investment banks initiated unexpected selling of U.S.
- SIO New Material (SIOResin®) unveils its latest product- SIOResin® SIO-7213, a waterborne high-temperature resistant silicone resin. This development sets new benchmarks in the performance of zinc-rich anti-corrosion coatings, combining superior heat and salt spray resistance for demanding industrial environments.
- Given that the competition is stiffening from China and there is oversupply in the markets, the South Korea petrochemical industry is clearly in trouble. Not to be dissuaded, the South Korean government is undertaking concrete steps to create major restructuring plans that will enable the petrochemical industry to extricate itself from the present crisis and revive.
- Hindered amine light stabilizers help prevent plastic products from decomposing under the influence of sunlight, air and heat, and can improve the environmental weather resistance and service life of plastic products. In addition to being used as plastic additives
- Okuno Pharmaceutical Co., Ltd. of Japan has developed two silica-based coatings that do not contain perfluorinated/polyfluoroalkyl substances (PFAS), including the non-sticky antifouling coating "Top Cerarelease IG-1" and the food utensil coating "Top Cerarelease FG-1" that complies with the Positive List system.
- Recently, Dow Chemical announced that it has completed the previously announced transaction and successfully sold its flexible packaging composite adhesive business within its packaging and specialty plastics division to Arkema, a global leader in specialty materials, for $150 million.