Author name: Merlin

Bridgestone expands the application proportion of renewable energy

Recently, Bridgestone announced that the company has successfully converted all the electricity consumed by six tire factories and one steel cord factory in Japan into renewable energy. At present, the company has fully achieved energy transformation in 9 tire factories and 1 cord factory in Japan. The company is also undergoing renewable energy transformation for […]

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Global demand for methanol and ammonia resumes growth

The demand for traditional derivatives has increased, and new low-carbon and zero carbon applications have surged Recently, analysts from Standard&Poor’s Global stated that after the surge in raw material prices in the past two years, downstream European companies have reduced production due to lack of competitiveness. Currently, global demand for methanol and ammonia is returning

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Combustible ice

Flammable ice not only has a huge storage capacity, but also is efficient, clean, and has high combustion value. So what can this green and clean energy do? Combustible ice is a solid compound that combines natural gas and water. From its appearance, combustible ice looks like white or light gray crystals of ice and

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Mitsui Chemical will significantly reduce resin raw material production capacity

Recently, Mitsui Chemical announced that the company will significantly reduce the production capacity of toluene diisocyanate (TDI), a polyurethane raw material used in building materials and coatings. Based on this, by July 2025, the annual production capacity of the Fukuoka Prefecture Omuta factory engaged in TDI production will be reduced from 120000 tons to 50000

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ICIS: Decarbonization Demand Boosts Petrochemical Product Market

Recently, ICIS London released a report showing that the global efforts to achieve carbon neutrality society are creating opportunities for the growth of demand for chemicals. ICIS states that this growth goes beyond the connection between the chemical industry and past economic activities, industrial production, and gross domestic product. Therefore, traditional methods for measuring industrial

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The future trend of international oil prices remains unclear

Last week, international oil prices were boosted by news of OPEC+production cuts. Under this influence, major analytical institutions have differentiated their predictions for this year’s international oil prices. Optimists represented by Resta believe that for the rest of this year, international oil prices will exceed $100 per barrel for most of the time. Pessimists, represented

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OPEC+oil producing countries announce significant production reduction plans – resurgence of international oil market turmoil

On April 2nd, major OPEC+producing countries such as Saudi Arabia, Russia, Iraq, and the United Arab Emirates announced significant voluntary production reduction plans, with a total production reduction scale exceeding 1.6 million barrels per day. Most of the production reductions will begin at the end of May and continue until the end of 2023. The

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