Press Releases

BASF recently officially opened its new production line for water-based dispersions in Heerenveen, the Netherlands. Thanks to this new line, production capacity will be increased, without additional CO2 emissions. The expansion has taken place on the basis of the existing infrastructure and buildings. The installation will be electrically powered and supplied with green electricity from the Hollandse Kust Zuid wind farm, which BASF operates in a joint venture with Vattenfall and Allianz.

As part of its strategy to grow its Liquefied Natural Gas (LNG) business, TotalEnergies announces today the signing of a sales agreement (HoA) with Sinopec for the delivery of 2 million tons of LNG per year for 15 years, starting in 2028. Thanks to this major agreement with one of the leading LNG players in the country, TotalEnergies strengthens its long-term position in the LNG market in China, the largest market in the world. This agreement comes within the strategic cooperation a

CNOOC Limited announced that Mero3 Project has commenced production safely. Mero field is located in the Santos Basin pre-salt southeastern offshore Brazil, about 180 kilometers away from Rio de Janeiro, in a water depth of between 1,800 and 2,100 meters. Mero3 Project will be developed by the traditional deep-water Pre-salt development mode, FPSO+Subsea. 15 development wells are planned to be commissioned, including 8 production wells and 7 injectors. The production capacity of the

In a move aimed at increasing plastic recycling and reducing the overall consumption of packaging, the Waste Management and Recycling Association of Singapore (WMRAS) and Singapore Logistics Association (SLA) will sign a memorandum of understanding (MoU) to formalise their collaboration. The signing will take place on the opening day of the Plastics Recycling Show Asia, taking place at Marina Bay Sands, Singapore from 13-14 November 2024, where Dr Amy Khor, Senior Minister of State for the Mi

Worth $2.56 billion in 2024, packaging manufacturers and users are increasing demand for a new generation of polymers that are also biodegradable or compostable. This transition is being powered by consumer preference, brand owner’s corporate citizenship commitments, and a suite of new regulatory requirements. A dedicated new study from Smithers – The Future of Biodegradable and Compostable Packaging to 2029 – forecasts sales value will increase at a +9.1% compound

LongueVue Capital is pleased to announce the launch of Innotex Packaging Solutions, a new integrated flexible packaging solutions provider uniting Summit Plastics ("Summit"), ClearView Packaging ("ClearView"), and Fredman Packaging ("Fredman"). This strategic rebranding brings together the complementary capabilities of these three companies to form a vertically integrated flexible packaging leader with expertise in blown film production, flexographic printing, ad

OCSiAl, the global leader in graphene nanotube technology, has opened its first European production facility. The facility, located in Serbia will produce TUBALL™ nanotubes and nanotube-based products, marking a significant step forward in integrating nanomaterials into various industries. More than 1,500 companies worldwide, including leading rubber and plastic manufacturers, already use graphene nanotubes in their production lines. “This facility’s strategic loca

TotalEnergies announces that the Harald East Middle Jurassic nearby exploration well (HEMJ-1X) has discovered additional gas condensate resources in the Harald field, in the Danish North Sea. Located in shallow waters, 250 km off the west coast of Denmark, the HEMJ-1X well was drilled in the Eastern part of Harald field and encountered 48 meters of net gas condensate pay in a good quality reservoir. The HEMJ-1X well will be immediately connected to the Harald platform and

DuPont and Zhen Ding Technology Group (Zhen Ding) (4958-TW) announced they have entered into a strategic cooperation agreement in advanced printed circuit board (PCBs) technology. The signing ceremony, held yesterday at the Shenzhen Avary Time Center, was attended by Charles Shen, Chairman, Zhen Ding; Yi Zhang, President of the Asia Pacific Region, DuPont; and Thean Ming Tan, Global Business Director for Laminates, DuPont. Through this strategic partnership, DuPont and Zhen Ding wil

Perstorp Group, a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG), today announces new leadership within its Animal Nutrition business, with Ian Atterbury joining as Senior Vice President, effective January 13th, 2025. Ian Atterbury is an established executive leader and has over 30 years’ experience in the animal nutrition industry. He has been working globally for the majority of his career and has a strong background in leading and growing animal nutrition

The President of the Arab Republic of Egypt, Abdel Fattah el-Sisi met today with Eni Chief Executive Officer Claudio Descalzi to follow up on Eni's ongoing activities in the country and discuss areas of common interest and collaboration. Also in attendance were Egyptian Oil Minister Karim Badawi and Eni's Global Natural Resources Chief Operating Officer Guido Brusco. During the meeting, Eni's activities in the country were discussed with a focus on initiatives, both onsh

Mitsubishi Chemical Group (hereinafter "Mitsubishi Chemical Group") is pleased to announce that its plant-derived polyol "BioPTMG" has been adopted for the synthetic leather (hereinafter "bio-synthetic leather * ") made by Kahei Co., Ltd. In addition, small items (shoulder bags, wet tissue cases, etc.) made with this bio-synthetic leather will be sold at "tonto," operated by Triple A Co., Ltd., which plans and sells sustainable products. BioPT