Press Releases

Gov. John Bel Edwards and Shintech Louisiana LLC announced the company will invest $1.3 billion to expand its manufacturing and packaging facilities in Iberville and West Baton Rouge parishes. Shintech is the world’s leading manufacturer of polyvinyl chloride resins, or PVC. The company will make a $1.25 billion investment to increase PVC manufacturing capacity and expand chlor-alkali and vinyl chloride monomer capacity at its manufacturing facility in Plaquemine, which was announced in

Eastman Chemical Company Board Chair and CEO Mark Costa and Tennessee Governor Bill Lee announced the company's plans to build one of the world's largest plastic-to-plastic molecular recycling facilities at its site in Kingsport, Tenn. Through methanolysis, this world-scale facility will convert polyester waste that often ends up in landfills and waterways into durable products, creating an optimized circular economy. Over the next two years, the company will invest approximately $250

According to a recent market study published by Growth Market Reports (GMR), titled, "Polyvinyl Chloride (PVC) Floor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast", the market was valued at USD 13,752.0 million in 2019 and is expected to grow at a healthy growth rate of 5.4% by the year 2027. In terms of volume, the market is estimated to grow at 4.8% during the forecast period. The global polyvinyl chloride (PVC) floor market is anticipated to grow owi

DIC Corporation has for some time been exploring the possibility of an alliance with India’s Jindal Poly Films Limited, one of the world’s largest manufacturers of biaxially oriented polypropylene (BOPP) film, with the aim of helping to foster a market for functional cast polypropylene (CPP) film in India. Today, DIC announced that the two companies have reached a consensus to collaborate in this area. India, like other countries, is experiencing a greater need for produ

B+ credit rate characterizes R&P POLYPLASTIC as a large business with stable financial state and sufficient safety margin necessary for effective pursuit of activities amid market turbulence. Andrey Menshov, Managing Partner of R&P POLYPLASTIC noted: “Professional judgement was of critical importance for us. We are actively working not only on import substitution and localization but also on developing export shipments into Europe. This is the reason why we chose to un

The global manufacturer of plastic packaging and recycling specialist, the ALPLA Group, is investing more than five million euros in an extrusion system for food-grade recycled PET (rPET) made of used PET bottles (so-called post-consumer material) at its site in Anagni. The ALPLA Group is investing in an extrusion system for recycled PET at its site in Anagni, Italy. Anagni in central Italy is home to one of the ALPLA Group’s most important preform production plants.

The "Polymer and Thermoplastic Micro Molding - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Polymer and Thermoplastic Micro Molding Market to Reach $1.1 Billion by 2027 Amid the COVID-19 crisis, the global market for Polymer and Thermoplastic Micro Molding estimated at US$488.4 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 12.9% ove

LyondellBasell, one of the largest plastics, chemicals and refining companies in the world and the China Petroleum & Chemical Corporation (Sinopec), one of the largest integrated energy companies in China, announced the signing of an agreement to form a 50:50 joint venture (JV) which will produce propylene oxide (PO) and styrene monomer (SM) in China's domestic market. First announced on December 23, 2019, the JV will operate under the name Ningbo ZRCC LyondellBasell New Material Comp

Chevron Phillips Chemical (CPChem) announced two significant developments in its advanced recycling program which converts waste plastics into circular polyethylene (PE). Since introducing Marlex® Anew™ Circular Polyethylene in October, the company has received certification through the International Sustainability and Carbon Certification PLUS (ISCC PLUS) process and signed a long-term supply agreement with Nexus Fuels LLC (Nexus) as its first supplier of pyrolysis oil. T

The "The Global Market for Self-Healing Materials, Polymers and Coatings 2021-2031" report has been added to ResearchAndMarkets.com's offering. The Global Market for Self-Healing Materials, Polymers and Coatings provides a comprehensive review of the technology, players, and market for Self-Healing Materials, Polymers and Coatings. The report covers each major type of Self-Healing Materials technology. The need for sustainable manufacturing solutions is drivi

The "Global Propylene Oxide Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering. The global propylene oxide market is anticipated to achieve a CAGR of 4% during the forecast period, i.e. 2021-2025. On account of the growing number of applications in a wide variety of end-use industries such as food & beverage, pharmaceuticals, plastics, and others, the production of propylene glycol has seen a substantial rise in recent years.

In another significant contribution towards the development of a circular economy for plastics, SABIC and Plastic Energy are set to commence construction on the first commercial unit to produce its flagship certified circular polymers, part of the TRUCIRCLE™ portfolio, which are made from the upcycling of mixed and used plastic. SABIC, a global leader in diversified chemicals, along with partner Plastic Energy, a pioneer in chemical plastics recycling, are set to start the con