Press Releases

Mitsubishi Chemical Corporation has unveiled a groundbreaking new line of biodegradable plastic solutions designed specifically for the packaging industry. This innovative product line is set to significantly reduce the environmental impact of plastic waste, responding to growing consumer demand for sustainable packaging options.The new biodegradable plastics are engineered using advanced polymer technology that enables decomposition under both industrial and natural conditions. This m

SABIC, a global leader in diversified chemicals, and LG Chem, a leading South Korean chemical company, have announced a strategic agreement to collaborate on the development of advanced polymer materials specifically tailored for electronics applications. This partnership is set to leverage both companies' extensive expertise in polymer science and manufacturing capabilities to create innovative solutions that meet the evolving needs of the electronics industry.The collaboration will f

A leading plastic injection molding company has announced the expansion of its manufacturing plant in Vietnam as part of its strategy to meet rising demand for high-quality molded plastic products. This significant investment reflects the growing needs of the automotive and consumer goods sectors, which are increasingly relying on advanced plastic components.The expansion is expected to include the installation of new, state-of-the-art injection molding machines that features cutting-e

In a significant development within the plastics sector, a leading Asian manufacturer has unveiled its latest innovations in plastic recycling technology, designed to enhance both efficiency and sustainability in recycling processes. This advanced technology promises to address the growing global concern regarding plastic waste and environmental sustainability, positioning the company as a frontrunner in the industry.The new technology employs a state-of-the-art process that significan

Today, September 1, 2025, a leading player in the plastic recycling sector has announced the significant expansion of its facility located in Southeast Asia. This strategic move is outlined to enhance the facility's capacity and operational efficiency, in response to the growing demand for recycled plastics.The expansion project is set to double the facility's processing capacity, allowing it to handle a larger volume of plastic waste each year. This is particularly crucial as the regi

In a groundbreaking development for the plastics industry, an emerging manufacturer from Asia has officially launched its latest range of biodegradable plastic products today, September 1, 2025. This innovative line consists of various items designed to biodegrade at an accelerated rate under natural conditions, addressing the critical environmental challenges posed by traditional plastics.The company, which specializes in sustainable materials, aims to fill the gap in the market for e

Covestro has successfully completed the acquisition of Pontacol, a Swiss manufacturer of multilayer adhesive films, effective August 28, 2025. The company had already announced the agreement in June 2025. With this acquisition, Covestro is expanding its films business to include highly specialized flat and blown films. These products strategically complement the existing portfolio and open up new growth opportunities – particularly in key future markets such as medical technol

Afton Chemical Corporation, a global leader in gasoline performance additives (GPA), proudly announces the launch of its HiTEC® 65522 GPA Series, now approved for use in TOP TIER+™ gasoline. This innovative additive series is designed to meet the evolving demands of modern engine technology, specifically gasoline direct injection (GDI) engines, which are now used in 74% of all new vehicles in North America, according to the U.S. Environmental Protection Agency's (EPA) latest Aut

Westlake Corporation announced today that it has entered into an agreement to acquire the global compounding solutions businesses of the ACI/Perplastic Group (collectively, “ACI”). ACI is a Portugal-based global manufacturer of specialty materials serving the wire and cable sectors, which helps expand Westlake’s offerings. “The combination of ACI with Westlake’s existing compounding business will present an excellent strategic fit and opportunity t

Equinor and partners have struck oil and gas in the Fram area, nine kilometres north of the Troll field in the North Sea. One exploration well has encountered petroleum in two reservoirs. One of the discoveries consists of both oil and gas, while the other one is just gas. In total, the resources are estimated at between 0.1 and 1.1 million standard cubic metres. The reservoir properties are assessed as moderate to very good. The preliminary name of the discovery is F-South.

Leading material manufacturer Covestro announced today that Ms. Annie Chen, current Head of Supply Chain and Logistic for Taiwan, Korea, New Zealand, and Australia, will assume the role of Managing Director of Covestro Taiwan, effective September 1, 2025, succeeding current Managing Director Dr. Carsten Wildebrand. Leading material manufacturer Covestro announced today that Ms. Annie Chen, current Head of Supply Chain and Logistic for Taiwan, Korea, New Zealand, and Australia, will

Air Products’ Board of Directors has elected Howard Ungerleider as a director of the Company, effective September 1, 2025. He will serve as a member of the Audit and Finance Committee.  ”Howard is an excellent addition to the Air Products Board, bringing more than three decades of global business and financial leadership experience in the chemicals and specialty materials industries,” said Chairman of the Board Wayne T. Smith. “We look forward to ap