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Chemicals Industry
NexPoint launches as engineering thermoplastics firm
NexPoint Materials has begun operating as a standalone engineering thermoplastics company following its acquisition from SABIC's Engineering Thermoplastics business by Mutares SE & Co. KGaA.
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Chemical recycling plants closing in EU and US
The nascent chemical recycling industry – in which plastics are broken down into oils or constituent monomers to be remade into new materials – is contracting across Europe and the US as recyclers call for policy stability to make the industry investable.
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Chemical Recycling: How Nike Made World Cup Kits from Waste
Nike is using advanced chemical recycling to manufacture 2026 World Cup kits for stars like Harry Kane and Kylian Mbappé from 100% recycled textiles.
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LyondellBasell completes sale of select European strategic assessment assets
LyondellBasell (NYSE: LYB) today announced that it has successfully completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA as a key milestone in the company's European strategic assessment. The transaction follows completion of required employee information and consultation processes and satisfaction of customary regulatory and...
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INEOS Inovyn agrees to sell its Italian Chlor-alkali business to Esseco Industrial
INEOS Inovyn has signed an agreement for the sale of its shares in INOVYN Produzione Italia SpA, which operates the Rosignano and Tavazzano sites in Italy, to Esseco Industrial. The Rosignano and Tavazzano sites in Italy produce essential chemicals that cover critical sectors, including pharmaceuticals, energy, water treatment, food, defense and construction.
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Iran war chokes petrochemical supply, sends plastic prices soaring
Disruptions to oil and petrochemical flows through the Strait of Hormuz following the outbreak of the Iran war have tightened global chemicals supply and lifted prices of plastics and polymer, used in everything from auto parts to toys, to roughly four-year highs.
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Covestro and Fraunhofer UMSICHT sign contract for groundbreaking smart pyrolysis recycling pilot plant
Materials manufacturer Covestro and the Fraunhofer Institute for Environmental, Safety and Energy Technology UMSICHT have signed a contract to operate a 2kt per year pilot plant for smart pyrolysis of rigid polyurethane foam waste. The plant will be operational by 2028. The agreement marks a significant milestone in scaling up the technology to convert insulation...
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SunSirs: China to Become Sole Core Source of New TDI Supply Globally in Coming Years
On January 30, Covestro announced the completion of a major capacity expansion project at its toluene diisocyanate (TDI) production facility within the Shanghai Integrated Site. This upgrade significantly increases annual TDI production capacity from 310,000 metric tons to 370,000 metric tons, representing a nearly 20% increase.
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Trinseo Announces Price Increase for Polystyrene, ABS, and SAN in Europe
Trinseo (NYSE: TSE), a specialty material solutions provider, and its affiliate companies in Europe announced today a price increase for all polystyrene (PS), ABS and SAN grades. Effective February 1, 2026, or depending on existing contract terms, the prices for the products listed below will increase as follows: STYRON™ and STYRON™ X-TECH general purpose polystyrene...
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Dawn Seizes Strategic Control of EPDM Supply Chain with Acquisition of Ningbo SK—A Bold Leap Toward Global Elasticity
In a move that redefines its position in the high-performance elastomers arena, Dawn Holding Co., Ltd. (Dawn) has announced plans to acquire an 80% stake in Ningbo SK Synthetic Rubber Co., Ltd., a leading Chinese producer of ethylene propylene diene monomer (EPDM) rubber. The transaction, unveiled on December 10, 2025, marks a pivotal step in...
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