Chinese chemical industry news

Increased production in China boosts stabilizer use in artificial turf and medical sectors, enhancing durability and color stability.

The EU approved a French scheme to support offshore wind farms, using a two-way CfD to ensure market stability and reduce import dependency, aiding the net-zero transition.

MOL imports 85,000 tons of CPC crude to Croatia, enhancing supply security in Central and Eastern Europe. The deal builds on a strategic partnership for oil diversification and cooperation.

Sales and EBITDA fell due to weak demand and trade uncertainties. Net income was negative. Full-year outlook revised down. Focus on growth, cash, and cost management.

EBITDA margin rose to 17.5% despite flat sales. Savings program underway. 2025 sales growth forecast lowered to 1-3%.

ISCC PLUS certification enables efficient, low-carbon projects in coatings, adhesives, and more, using bio-attributed monomers and a Mass Balance approach for renewable materials.

Investing €56M, BASF will boost PVP production by 6,000 metric tons across plants in Germany, USA, and China, targeting pharmaceutical, cosmetic, detergent, and food sectors.

$135M investment to boost MDI capacity in Geismar, USA by 50ktes and upgrade Rotterdam, Netherlands site. New facilities to enhance production and flexibility, leveraging US shale gas benefits.