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After the decline in demand in 2020 and 2021, the world’s refining catalysts are expected to return to the level before the COVID-19. According to the “Catalyst, Petroleum, and Chemical Process Report” recently released by the S&P Global Specialty Chemicals Update Program (SCUP), due to a decrease in consumption in all regions except China, Southeast […]

According to a report recently released by the US public and private partnership Li Bridge, global demand for lithium batteries will surge more than fivefold by 2030. The report points out that compared to now, the demand for lithium batteries in the United States is expected to increase more than six times by 2030, reaching

It has been one year since the Russian Ukrainian conflict broke out on February 24, 2022. During this year, natural gas and fertilizers were the two most affected petrochemical industry commodities. From the current situation, although the price of fertilizer is returning to normal, the impact of the energy crisis on the fertilizer industry is

A newly released set of data shows that only 10% of disposable plastic products worldwide are recycled annually, about 12% are burned, and over 70% are discarded in the soil and ocean. However, these discarded plastic products have great resource potential and development space. Multiple overseas companies under China National Chemical Corporation, including Klaus Maffei,

Mitsui Chemical and Asahi Chemical recently announced that the two companies will integrate the development, manufacturing and sales of non-woven products in Japan and Thailand, and transfer them to a new company jointly established by Mitsui Chemical and Asahi Chemical. The new company will be established on October 2, 2023, with a registered capital of

Driven by sustainability requirements such as clean water, the demand for water treatment chemicals in the world will continue to grow strongly in 2022 despite various geopolitical and macroeconomic challenges. Some major producers predict that the world water treatment chemicals market will continue to grow in 2023. Katie Kopp, vice president of global water market

The EU “carbon tariff” plan has been formally finalized recently. Compared with the amendments to the draft carbon border regulation mechanism (CBAM) adopted by the European Parliament on June 22 last year, the transition period will start in October 2023 and be formally implemented in 2026, one year ahead of schedule. The EU “carbon tariff”

According to the data released by the National Bureau of Geography and Statistics (IBGE) on the 8th local time, Brazil’s total grain output is expected to reach 302 million tons this year, 14.7% higher than that in 2022. According to the data, Brazil’s grain crop harvest area is expected to reach 75.8 million hectares this

Recently, ICIS said that after the strong earthquake in Türkiye on February 6, Asian PTA producers were evaluating their impact on the industrial chain. ICIS said that according to the company’s supply and demand database, in 2022, about 79% of Türkiye’s PTA imports will come from Asia. The largest share came from South Korea, accounting

Since the United States signed the Inflation Reduction Act (IRA) in August 2022, the development of hydrogen and carbon capture and storage (CCS) projects in the country has been significantly promoted. At present, many American enterprises are stepping up investment in related projects and planning new projects. Darren Woods, CEO of ExxonMobil, said on the